Buffett’s Berkshire rejects fossil fuel proposal, shareholder says
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc will urge shareholders to reject a proposal by a Nebraska nonprofit that it sell its investments in oil refiner Phillips 66 and other companies involved in fossil fuels over 12 years, the nonprofit …
Trump to shift biofuel blending burden off U.S. refiners: sources
(Reuters) – U.S. President Donald Trump intends to revamp the national biofuel program to ease regulations on oil refiners while providing new incentives for ethanol and biodiesel production, people familiar with the plan told Reuters on Tuesday.
GM CEO ‘exploring opportunities’ for Opel with Peugeot
WASHINGTON (Reuters) – General Motors Chief Executive Mary Barra said on Tuesday the Detroit automaker is exploring opportunities with French automaker PSA Group , but declined to discuss a potential sale of its money-losing European Opel unit.
Apple says it spent $50 billion last year with U.S. suppliers
CUPERTINO, Calif. (Reuters) – Apple spent roughly $50 billion last year at U.S.-based suppliers including 3M and Corning , Chief Executive Tim Cook said on Tuesday, stressing the iPhone-maker’s commitment to U.S. manufacturing.
OPEC compliance with oil curbs rises to 94 percent in February: Reuters survey
LONDON (Reuters) – OPEC has cut its oil output for a second month in February, a Reuters survey found on Tuesday, allowing the exporter group to boost already strong compliance with agreed supply curbs on the back of a steep reduction by Saudi Arabia.
Wilbur Ross sworn in as secretary of commerce
WASHINGTON (Reuters) – Billionaire investor Wilbur Ross was sworn in as U.S. commerce secretary on Tuesday after helping shape Republican President Donald Trump’s opposition to multilateral trade deals.
EU parliament says governments delayed new rules on car emissions
BRUSSELS (Reuters) – European governments delayed stricter car engine emissions tests by six years and did not do enough to uncover cheating by car manufacturers, a European Parliament report into the dieselgate scandal said on Tuesday.
Welcome or not, ECB buying crushes German two-year bond yields
LONDON (Reuters) – Germany’s record low short-term borrowing costs have further to fall as the ECB, faced with a scarcity of eligible bonds for its monetary stimulus program, takes advantage of recent rule tweaks to buy more shorter-dated paper.
Comcast to buy remaining 49 percent stake in Universal Studios Japan
(Reuters) – Comcast Corp said on Tuesday it would buy the 49 percent it does not already own in Universal Studios Japan (USJ) for 254.8 billion yen ($2.27 billion) as the No. 1 U.S. cable operator seeks to expand its Asian theme parks business.
TransCanada’s $15 billion U.S. Keystone XL NAFTA suit suspended
CALGARY, Alberta (Reuters) – TransCanada Corp has suspended a $15 billion NAFTA suit filed against the United States over the Keystone XL pipeline, the company said on Tuesday, after U.S. President Donald Trump approved the project last month.
