Delta Air Lines lowers profit forecast due to new pilot contract
(Reuters) – Delta Air Lines Inc on Friday said it will take a half-a-billion-dollar hit in the fourth quarter from a new contract that pilots approved on Thursday, which hikes pay retroactively to the beginning of 2016.
Ahead of promised cut, Russia’s oil output hits record high
MOSCOW (Reuters) – Russia plans to use its November oil production, which was its highest in almost 30 years, as its baseline when it cuts output under this week’s deal with OPEC, Deputy Energy Minister Kirill Molodtsov said on Friday.
Traders keep bets on Fed rate hike later this month
(Reuters) – Traders of U.S. short-term interest-rate futures kept bets on Friday that the Federal Reserve will raise interest rates later this month, after a government report showed the unemployment rate in November fell to a nine-year low.
Fed’s Brainard cites promise, risks of ‘fintech’
WASHINGTON (Reuters) – New technology that can speed the processing of loans or evaluate credit using only an internet search could revolutionize the financial sector, Fed Governor Lael Brainard said on Friday.
Aixtron will have to cut costs, jobs if U.S. blocks China deal
FRANKFURT (Reuters) – Aixtron will have to take action to balance income and costs, including potential job cuts, if U.S. President Barack Obama blocks its takeover by China’s Fujian Grand Chip Investment Fund (FGC).
Starbucks CEO steps down to focus on high-end coffee, shares fall
(Reuters) – Starbucks Corp co-founder Howard Schultz will step down as chief executive to focus on new high-end coffee shops, handing the top job to Chief Operating Officer Kevin Johnson, a long-time technology executive.
Investors may look to ECB for comfort after high-risk votes
FRANKFURT (Reuters) – With Italy’s constitutional referendum and Austria’s presidential vote on Sunday both potentially underlining growing anti-establishmentism, the European Central Bank is preparing to set to try to bring some calm to the mix.
Oil softens after OPEC decision prompts big weekly rally
LONDON (Reuters) – Oil prices fell 1.5 percent to steady at around $53 a barrel on Friday after the biggest weekly rally since 2009 following OPEC’s decision this week to cut crude output in order to rein in a global glut.
Brazil’s Braskem close to leniency deal in U.S., Brazil
SAO PAULO (Reuters) – Brazil’s petrochemical company Braskem SA said in a securities filing on Friday it was “in advanced talks” with authorities in Brazil and the United States related to a corruption investigation known as “Operation Carwash.”
As winter nears, Dakota Access faces frigid weather and costly delays
HOUSTON (Reuters) – Delays to the Dakota Access Pipeline have added millions of dollars to Energy Transfer Partners’ construction tab – but even if the line is approved, the freezing temperatures will bring their own challenges to finishing the drillin…
