Exclusive: Russia’s Rosneft boss Sechin says no to OPEC oil cap
ISTANBUL (Reuters) – Igor Sechin, Russia’s most influential oil executive and the head of state-controlled energy giant Rosneft, said his company will not cap oil production as part of a possible agreement with OPEC.
LVMH says no way will do business with Amazon
(Reuters) – Luxury goods group LVMH said there was “no way” it would do business with Amazon even though the Internet retailer was keen to take on more high-end brands.
Deutsche Bank shakes up investment bank to regain lost ground
LONDON (Reuters) – Deutsche Bank promoted a group of its senior investment bankers on Tuesday, part of an internal reshuffle as it tries to boost its flagging performance in corporate mergers and acquisitions and capital markets.
Alcoa third quarter profit, revenue miss expectations; stock tumbles
(Reuters) – Metals company Alcoa Inc on Tuesday reported higher quarterly profit due to cost-cutting and lower tax provisions, but results missed expectations and its stock sank 10 percent.
OPEC chief says freeze deal likely to last six months, then be reviewed
ISTANBUL (Reuters) – OPEC Secretary General Mohammed Barkindo said on Tuesday that any deal to freeze oil production was likely to last an initial six months and then be reviewed.
U.S. inflation expectations retreat in September: NY Fed survey
NEW YORK (Reuters) – Two measures of U.S. inflation expectations fell in September, with one hitting a low water mark, according to a Federal Reserve Bank of New York survey that also found Americans predicted less earnings growth in the year ahead.
Wells Fargo CFO says accounts scandal won’t hit profit much: WSJ
(Reuters) – Wells Fargo & Co’s chief financial officer said efforts by states to penalize its business over an unauthorized-accounts scandal would not affect third-quarter earnings “much”, the Wall Street Journal reported, citing a recording of an internal call.
U.S. Supreme Court turns away companies in California tax dispute
WASHINGTON (Reuters) – The U.S. Supreme Court on Tuesday rejected a challenge by Procter & Gamble Co and other companies to the way California imposes taxes on businesses that operate in multiple states.
St. Jude warns of heart-device battery issue linked to two deaths
(Reuters) – St. Jude Medical Inc warned on Tuesday that some of its implanted heart devices were at risk of premature battery depletion, a condition it said had been linked to two deaths.
Yum Brands to return $13.5 billion to shareholders by 2019
(Reuters) – Yum Brands Inc , owner of Pizza Hut, KFC and Taco Bell, said it expects to return as much as $13.5 billion to shareholders by 2019 after the separation of its China unit.
