Oil eases from 5-week high, U.S. output rise undermines rally
LONDON (Reuters) – Crude oil edged back from a five-week high on Tuesday, as rising U.S. shale oil production weighed against support from tensions in the Middle East and production cuts in OPEC and other states.
China’s LeEco abandons $2 billion deal to buy U.S. TV maker Vizio
(Reuters) – LeEco has scrapped a planned $2 billion acquisition of U.S. consumer electronics company Vizio due to regulatory issues, a fresh setback to the cash-strapped Chinese conglomerate’s expansion drive.
Citi tops global transaction banking ranks: Coalition
LONDON (Reuters) – Citi was the top bank last year in transaction banking, a segment comprising trade finance and cash management services, rankings compiled by industry analytics firm Coalition showed on Tuesday.
U.S. judge orders hearing on claims of leaks in Platinum Partners probe
(Reuters) – A U.S. judge on Monday ordered a hearing to look into possible leaks about a criminal investigation of New York hedge fund management firm Platinum Partners, whose top executives are charged with running a $1 billion fraud.
Fed’s Yellen aims to let ‘healthy’ U.S. economy coast along
(Reuters) – The Federal Reserve’s plans to raise U.S. interest rates gradually are aimed at sustaining full employment and near-2-percent inflation without letting the economy overheat, Fed Chair Janet Yellen said on Monday.
United Air raises forecast for first-quarter flight capacity
(Reuters) – United Continental Holdings Inc on Monday raised its forecast for first-quarter flight capacity, a keenly watched industry metric.
Jana Partners ups Whole Foods stake, looks to shake up board, management
(Reuters) – Jana Partners has upped its stake in Whole Foods Market Inc as the hedge fund looks to shake up the board and senior management of the high-end grocer and push for a sale of the company that has been losing ground in the natural and organi…
British fashion retailer Jaeger goes into administration
(Reuters) – Fashion retailer Jaeger, known for its classic British clothing ranges, has gone into administration, the administrators said in a statement, putting nearly 700 jobs at risk.
Printed titanium parts expected to save millions in Boeing Dreamliner costs
SEATTLE (Reuters) – Boeing Co hired Norsk Titanium AS to print the first structural titanium parts for its 787 Dreamliner, a shift that the Norwegian 3-D printing company said would eventually shave $2 million to $3 million off the cost of each plane.
Trump to meet U.S. business leaders on infrastructure, tax reform
WASHINGTON (Reuters) – U.S. President Donald Trump will meet with about 20 chief executives on Tuesday as he works to gain support for a $1 trillion infrastructure program, tax reform and other administration priorities, said White House spokesman Sean…
