Russia’s Novak says all oil firms to cut output under OPEC deal
TOKYO (Reuters) – All Russian oil companies, including champion producer Rosneft , have agreed to cut crude output under Moscow’s agreements with OPEC, Russian Energy Minister Alexander Novak said on Friday.
Yahoo under scrutiny after latest hack, Verizon seeks new deal terms
NEW YORK (Reuters) – Yahoo Inc came under renewed scrutiny by federal investigators and lawmakers on Thursday after disclosing the largest known data breach in history, prompting Verizon Communications Inc to demand better terms for its planned purch…
Investor optimism, global economic reality may clash in 2017
LONDON (Reuters) – Investors sound optimistic about a breakout for the world economy next year, but for all the talk of huge tax cuts from the incoming U.S. presidency of Donald Trump, the economic outlook looks similar to 2016: uneven and unspectacula…
Nissan CEO sees record 2017 sales as global econ growth buoys demand
YOKOHAMA, Japan (Reuters) – Japanese automaker Nissan Motor Co will post record sales in 2017 as a stronger global economic growth buoys demand for the industry, offsetting the impact of volatile currency and commodity markets, Chief Executive Carlos …
Dow Chemical to convert $4 billion of preferred shares into equity
(Reuters) – Dow Chemical Co said it would convert $4 billion of preferred shares, held by Warren Buffett’s Berkshire Hathaway Inc and Kuwait’s sovereign wealth fund, into common equity.
InterOil says raises cap on additional cash payment in Exxon deal
(Reuters) – InterOil Corp said it has increased the cap on an additional cash payment based on the output from a natural gas field in Papua New Guinea that was part of its sale agreement with ExxonMobil Corp .
China’s $8.6 billion P2P fraud trial starts: Xinhua
BEIJING (Reuters) – Criminal prosecution of 26 people involved in China’s biggest alleged online fraud – a nearly 60 billion yuan ($8.64 billion) case involving online peer-to-peer lender Ezubao – has started in Beijing, the official Xinhua news agency…
Sanofi discusses $275 per Actelion share for potential deal: Bloomberg
(Reuters) – French drugmaker Sanofi is in advanced talks to buy Actelion Ltd and is discussing a price of about $275 per share for the Swiss drugmaker, Bloomberg reported on Thursday.
GM expands testing, production of self-driving cars in Michigan
DETROIT (Reuters) – General Motors Co Chief Executive Mary Barra said on Thursday the automaker will expand testing of self-driving vehicles to Michigan, and will build its next generation of self-driving cars in the Michigan plant that builds the Che…
Wall Street rises, led by banks; Dow brushes against 20,000
NEW YORK (Reuters) – U.S. stocks rose on Thursday, led by gains in bank shares, a day after the Federal Reserve raised interest rates for the second time in nearly a decade.
