Exclusive: How Putin, Khamenei and Saudi prince got OPEC deal done
VIENNA (Reuters) – Russian President Vladimir Putin played a crucial role in helping OPEC rivals Iran and Saudi Arabia set aside differences to forge the cartel’s first deal with non-OPEC Russia in 15 years.
$4.1 billion pulled from U.S.-based taxable mutual bond funds during week: Lipper
NEW YORK (Reuters) – Investors pulled $4.1 billion from U.S.-based taxable-bond mutual funds, the most since June, as a bond selloff forced interest rates higher and rattled investors, Lipper data for the latest week showed on Thursday.
Johnson & Johnson hit with over $1 billion verdict on hip implants
(Reuters) – A federal jury in Dallas on Thursday ordered Johnson & Johnson and its DePuy Orthopaedics unit to pay more than $1 billion to six plaintiffs who said they were injured by Pinnacle hip implants.
American Airlines to trim Cuba flight schedules
NEW YORK (Reuters) – American Airlines Group Inc will cut nearly 25 percent of its flights to Cuba in 2017, a company spokesman said on Thursday, attributing the move to travel demand rather than the election of Republican Donald Trump as U.S. preside…
Pimco to pay $20 million over misleading investors about ETF performance
WASHINGTON/NEW YORK (Reuters) – Pacific Management Investment Co (Pimco) will pay $20 million to settle charges it misled investors about the performance of a top exchange-traded fund it manages, U.S. regulators said on Thursday.
ADM sells stake in Australia’s GrainCorp
CHICAGO (Reuters) – U.S. agricultural commodities trader Archer Daniels Midland Co has sold its 19.9 percent stake in GrainCorp Ltd to underwriters UBS just three years after a failed bid to wholly acquire the Australian grain handler, ADM said on Th…
As Trump touts Indiana jobs deal, U.S. factory work seeps overseas
ELKHART, Ind./WASHINGTON (Reuters) – President-elect Donald Trump goes to Indianapolis on Thursday to celebrate a deal that will keep 1,000 factory jobs there, but employers elsewhere in Indiana are laying off five times that many workers because of fo…
Wells Fargo amends bylaws to separate chairman and CEO roles
(Reuters) – Wells Fargo & Co said on Thursday its board had amended bylaws to require that the bank separate the chairman and chief executive roles, a win for activists who had pressed for the change after a scandal over unauthorized customer accounts.
November U.S. auto sales up 3.7 percent on back of steep discounts
DETROIT (Reuters) – Hefty discounts helped boost November U.S. auto sales 3.7 percent, automakers reported on Thursday, putting the industry within reach of the annual sales record set in 2015.
DoubleLine’s Gundlach says Trump rallies seem to be ‘losing steam’
NEW YORK (Reuters) – Financial markets could reverse their solid momentum at the latest by U.S. President-elect Donald Trump’s Jan. 20 inauguration, DoubleLine Capital Chief Executive Jeffrey Gundlach said on Thursday.
