Chevron confirms is in discussions for potential Bangladesh sale
DHAKA (Reuters) – Chevron Corp confirmed that the company is in “commercial discussions” regarding its Bangladesh assets, as the second-largest U.S. energy company moves forward with plans to sell assets amid a prolonged slump in energy prices.
Samsung Electronics shares rise for first time in four days
SEOUL (Reuters) – Samsung Electronics Co Ltd shares opened up 1 percent on Thursday, rebounding for the first time after three straight days of falls following its decision to permanently end sales of its fire-prone Galaxy Note 7 smartphones.
Hanjin Shipping Asia-U.S. operations to be put up for sale as early as Friday
SEOUL (Reuters) – The South Korean court overseeing Hanjin Shipping Co’s receivership process plans to put the collapsed shipper’s Asia-U.S. operations up for sale as early as Friday, a court spokesman said on Thursday.
Samsung’s woes highlight explosive limits of lithium batteries
SINGAPORE (Reuters) – Lithium-based batteries have been powering our portable devices for 25 years.
Oil prices fall on higher OPEC output, rise in U.S. crude stocks
SINGAPORE (Reuters) – Oil prices fell on Thursday after OPEC said that its production had risen to its highest level in at least eight years and following reports of an increase in U.S. crude stockpiles.
Wells Fargo CEO John Stumpf quits, replaced by Tim Sloan
NEW YORK (Reuters) – Wells Fargo & Co’s veteran chairman and chief executive officer, John Stumpf, abruptly departed on Wednesday bowing to pressure over its sales tactics that has damaged the bank’s reputation and put Wall Street under renewed scrutiny.
SEC questioned Wells Fargo about cross-selling in 2014
WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission raised questions about Wells Fargo & Co’s aggressive cross-selling in late 2014, according to regulatory paperwork, almost two years before officials settled with the bank for opening phony accounts.
Samsung’s latest invention: a fireproof box for Note 7 returns
NEW YORK (Reuters) – Samsung Electronics Co Ltd is sending fireproof boxes and protective gloves to customers returning potentially explosive Galaxy Note 7 phones, sparking a firestorm of humor on social media about the new twist in the recall scandal…
Snapchat picks Morgan Stanley, Goldman to lead IPO: sources
(Reuters) – U.S. photo-sharing app Snapchat has chosen Morgan Stanley and Goldman Sachs Group Inc as lead underwriters for an initial public offering that could come as early as March, a source familiar with the situation said on Wednesday.
Wall Street stocks close slightly higher after Fed minutes
(Reuters) – The S&P 500 and the Dow Jones industrial average indexes ended Wednesday’s session with small gains as expectations for timing on a rate hike were largely unchanged after U.S. Federal Reserve minutes and investors waited on earnings reports.
