U.S. court fines UPS $247 million over illegal cigarette shipments
(Reuters) – A federal judge ordered United Parcel Service Inc to pay nearly $247 million in damages and penalties for “illegally shipping” large volumes of untaxed cigarettes in New York state and City, a court filing showed on Thursday.
U.S. inflation path since 2012 is worrisome, policymaker says
TOKYO (Reuters) – The current level of U.S. prices is noticeably lower than what it would be if the Federal Reserve had delivered on its 2-percent inflation target, St. Louis Federal Reserve President James Bullard said, calling the trend “worrisome.”…
Oil edges up after dip on disappointing OPEC meeting outcome
LONDON (Reuters) – Oil prices edged back up on Friday after a 5 percent fall in the previous session on disappointment that an OPEC-led decision to extend current production curbs did not go deeper.
Oil prices see-saw, sterling hit as May’s lead shrinks
LONDON (Reuters) – Oil prices see-sawed on Friday after OPEC extended cuts in oil production but disappointed investors by not going further, while sterling slid after a poll showed the ruling Conservatives’ lead shrinking two weeks before an election….
Big drop in U.S. oil stocks finally on the way, traders say
NEW YORK (Reuters) – Oil traders and analysts are expecting large volumes of crude to draw from storage tanks across the United States in coming weeks, in what would be the most tangible sign of an inventory overhang reduction that has punished prices …
Viacom networks to return to Suddenlink customers
NEW YORK (Reuters) – A number of Viacom Inc’s networks, which include Nickelodeon, Comedy Central and MTV, will be available to Altice NV’s Suddenlink subscribers more than two years after the cable provider dropped them in a carriage dispute, the co…
BlackRock to pay $1.25 billion over 20 years for New York headquarters
NEW YORK (Reuters) – BlackRock Inc will initially pay about $60 per square foot in rent for its future headquarters in the Hudson Yards district on the far west side of midtown Manhattan, the company said in a filing on Thursday.
Ballooning Chinese dollar borrowing a dilemma for index trackers
LONDON/HONG KONG (Reuters) – Record-breaking dollar bond sales from Chinese companies are steadily increasing China’s weight in global indexes, raising concerns about overexposure among investors who track them.
Exclusive: Bankrupt Westinghouse ends pensions for ex-CEOs, executives
WILMINGTON, Del (Reuters) – Bankrupt Westinghouse Electric Co LLC, the U.S. nuclear technology firm owned by Toshiba Corp , has stopped making pension payments to former executives, according to a letter seen by Reuters, removing a benefit that has hel…
GM is accused in lawsuit of cheating on diesel truck emissions
(Reuters) – General Motors Co was accused in a lawsuit on Thursday of rigging hundreds of thousands of diesel trucks with devices similar to those used by Volkswagen AG , to ensure they pass emissions tests.
