Exxon will not say if it is seeking waiver from Russia sanctions
HOUSTON (Reuters) – Exxon Mobil Corp on Wednesday declined to comment on a media report that it is seeking permission from the U.S. government to drill in several areas of the Black Sea banned by U.S. sanctions on Russia.
U.S. economy shows only modest signs of inflation pressures: Fed
WASHINGTON, (Reuters) – The U.S. economy expanded at a modest-to-moderate pace between mid-February and the end of March, but inflation pressures remained in check despite more difficulties in attracting and retaining workers, the Federal
U.S. regulator knocks its own handling of Wells Fargo sales scandal
WASHINGTON (Reuters) – Wells Fargo & Co and its U.S. bank regulator discussed complaints of high-pressure sales tactics as early as 2010 but officials took no action for years, according to the regulator’s review of the scandal.
Hybrid blues: China policies force Toyota into electric U-turn
SHANGHAI (Reuters) – The automotive industry’s seemingly inexorable drive towards electric cars – and especially Chinese polices pushing new energy vehicles – has forced Toyota Motor Corp , the world’s No.2 automaker by sales, into what one executive c…
OPEC, non-OPEC to meet on same day as group’s May gathering: sources
LONDON (Reuters) – OPEC plans to meet with non-OPEC oil producers on the same day as its scheduled May 25 conference, sources familiar with the arrangements said, as they decide whether to extend supply cuts into the second half of the year.
Abbott sees Alere as challenging ‘fixer-upper’ after revised deal
(Reuters) – Abbott Laboratories said it was looking to close the recently revised deal to buy Alere Inc in the coming months, calling the diagnostics company “a bit of a fixer-upper”.
Exclusive: China gathers state-led consortium for Aramco IPO – sources
HONG KONG/RIYADH/DUBAI (Reuters) – China is creating a consortium, including state-owned oil giants and banks and its sovereign wealth fund, that will act as a cornerstone investor in the initial public offering of Saudi Aramco, people with knowledge o…
IBM sends S&P 500, Dow lower; Nasdaq advances
NEW YORK (Reuters) – The S&P 500 and Dow closed lower and the Nasdaq advanced on Wednesday as investors digested the latest round of earnings, while a drop in oil prices weighed on the energy sector.
Change of fortune in bond trading boosts Morgan Stanley profit
(Reuters) – Morgan Stanley surprised Wall Street on Wednesday by producing a 74 percent jump in quarterly profit on the strength of a business that analysts and investors had for years written off as dead.
Booming ETFs help BlackRock weather investors’ cost-cutting
NEW YORK (Reuters) – BlackRock Inc , the world’s biggest asset manager, on Wednesday reported double-digit profit gains as investors plowed money into lower-cost index funds, but the company’s share price slipped as revenue fell short of analysts’ expe…
