Hyundai Motor executives to take voluntary 10 percent cut in wages
SEOUL (Reuters) – Executives at South Korea’s Hyundai Motor Group plan to take a voluntary 10 percent cut in wages from this month, the first such move since 2009, Yonhap News Agency reported on Tuesday, citing an unidentified high-ranking group offici…
Oil prices dip on OPEC squabbles ahead of planned production cut
SINGAPORE (Reuters) – Oil prices dipped early on Tuesday over disagreement within producer cartel OPEC on who should cut how much production in a planned coordinated reduction to prop up prices.
Twitter plans to cut about 300 more jobs: Bloomberg
(Reuters) – Twitter Inc may cut 8 percent of its workforce or about 300 people, Bloomberg reported on Monday, citing people it said were familiar with the matter.
U.S. government says benchmark 2017 Healthcare.gov premiums up 25 percent
(Reuters) – The average premium for benchmark 2017 Obamacare insurance plans sold on Healthcare.gov rose 25 percent compared with 2016, the U.S. government said on Monday, the biggest increase since the insurance first went on sale in 2013 for the foll…
Oil dips on Buzzard restart, Iraq; U.S. crude tests below $50
NEW YORK (Reuters) – Oil prices dipped on Monday, with U.S. crude briefly falling below $50 per barrel, on news of the impending restart of Britain’s Buzzard oilfield and Iraq’s wish to be exempted from OPEC production cuts.
U.S. calls on automakers to make cyber security a priority
(Reuters) – Automakers should make shielding the electronic and computer systems of vehicles from hackers a priority, developing layers of protection that can secure a vehicle throughout its life, U.S. regulators said on Monday.
Visa profit, revenue beat analysts’ estimates
(Reuters) – Visa Inc , the world’s largest payments network operator, reported better-than-expected quarterly profit and revenue, boosted by the inclusion of Visa Europe’s results and as customers spent more using its network.
AT&T, Time Warner shares dip with worries about deal clearance
(Reuters) – Wall Street signaled skepticism on Monday that AT&T Inc would secure the government approvals needed to carry out its planned $85.4 billion acquisition of Time Warner Inc, with shares of both companies falling as analysts scrutinized the deal.
U.S. may delay fines on major banks for mortgage mis-selling: Sky News
(Reuters) – Representatives of the U.S. Department of Justice have signaled recently that penalty imposition on Barclays Plc , Credit Suisse Group AG and Deutsche Bank AG may not conclude until closer to the arrival of the new U.S. administration in …
Nordstrom to hire fewer temporary employees for holiday season
(Reuters) – Department store operator Nordstrom Inc said it would hire about 11,400 temporary employees for the holiday shopping season, about 3 percent fewer than last year.
