Traders drain pricey U.S. oil storage as OPEC deal bites
NEW YORK/HOUSTON (Reuters) – Traders are turning the spigots to drain the priciest storage tanks holding U.S. crude stockpiles as strengthening markets make it unprofitable to store for future sale and cuts in global production open export opportunitie…
Two senior Samsung Group executives offer to resign: Yonhap
SEOUL (Reuters) – Two senior Samsung Group [SAGR.UL] executives have offered to resign to take responsibility for the conglomerate’s involvement in the graft scandal involving South Korean President Park Geun-hye, Yonhap news agency said on Friday, wit…
Toshiba says it is considering sale of majority stake in chip unit
TOKYO (Reuters) – Toshiba Corp said on Friday it is looking to sell a majority stake in its prized flash memory chip business to plug a hole in its finances from a $6.3 billion writedown of its U.S. nuclear unit.
Toshiba says not aware Westinghouse considering Chapter 11 filing
TOKYO (Reuters) – Toshiba Corp , responding to media reports, said on Friday it was not aware that its U.S. nuclear unit Westinghouse was considering filing for Chapter 11 protection from creditors – an option analysts say could jeopardize the entire g…
Stocks ease, dollar poised for weekly loss as Trump rally pauses
LONDON (Reuters) – Commodity-related sectors led European shares lower for a third straight session on Friday while the dollar was poised for a weekly losses as the “Trumpflation trade” lost momentum.
Early Uber investors call on company to change ‘destructive culture’
SAN FRANCISCO (Reuters) – Early investors in Uber Technologies Inc [UBER.UL] wrote to the ride-hailing company on Thursday to criticize it for failing to end a toxic culture of harassment.
Confident Mexico says will not rush to negotiate NAFTA with Trump
MEXICO CITY (Reuters) – Mexico is increasingly confident that U.S. President Donald Trump will not be able to impose harsh barriers on imports anytime soon, and officials signaled they may hit their northern neighbor’s most trade-sensitive districts in…
Alphabet’s self-driving car unit sues Uber with trade theft charge
SAN FRANCISCO (Reuters) – Alphabet Inc’s Waymo self-driving car unit sued Uber Technologies [UBER.UL] and its autonomous trucking subsidiary Otto on Thursday over allegations of theft of its confidential and proprietary sensor technology.
Game company seeks to block Facebook from using virtual reality code
(Reuters) – Video game publisher ZeniMax Media Inc., which earlier this month won a $500 million verdict against Facebook Inc.’s Oculus virtual reality unit for unauthorized copying of computer code, has asked a federal judge to block Oculus from using the code in its products.
Exclusive: Trump calls Chinese ‘grand champions’ of currency manipulation
WASHINGTON (Reuters) – President Donald Trump declared China the “grand champions” of currency manipulation on Thursday, just hours after his new Treasury secretary pledged a more methodical approach to analyzing Beijing’s foreign exchange practices.
