OPEC in new push to clinch first deal to curb output since 2008
DUBAI/LONDON (Reuters) – As far as OPEC decision-making is concerned, Algeria, which plays host to oil ministers next week, has always been the land of surprises.
U.S. existing home sales unexpectedly fall in August
WASHINGTON (Reuters) – U.S. home resales unexpectedly fell in August, crimped by a shortage of inventory that is boosting home prices faster than the pace of wage growth.
Exclusive: Maersk Oil eyes Shell’s North Sea assets ahead of spin-off
LONDON (Reuters) – A.P. Moller-Maersk is in talks to buy a portfolio of North Sea assets from Royal Dutch Shell as the Danish group considers adding scale to its oil and gas business ahead of a planned spin off, banking sources said.
Macy’s teams up with grooming services provider in beauty push
(Reuters) – Macy’s Inc will partner with beauty services provider beGlammed to provide at-home grooming and makeup services, as the department store operator focuses on beauty to help arrest a slide in sales.
KDB to extend $45 million credit line to help unload Hanjin cargo
SEOUL (Reuters) – Korea Development Bank (KDB), the lead creditor of Hanjin Shipping Co Ltd said on Thursday it will offer a 50 billion won ($45 million) credit line to help Hanjin unload stranded cargo.
UnitedHealth trims drug coverage, including Sanofi insulin
(Reuters) – UnitedHealth Group , the largest U.S. health insurer, will stop covering several brand-name drugs as of next year, reinforcing a trend of payers steering prescriptions to lower-priced options.
Soothing Fed lifts world stocks, Wall Street eyes record highs
LONDON (Reuters) – Wall Street had record highs back in its sights on Thursday as world shares and bonds rallied after the Federal Reserve signaled an increasingly cautious approach to future U.S. rate increases.
Homebuilder Lennar to buy WCI in $643 million deal to expand in Florida
(Reuters) – Lennar Corp , the No. 2 U.S. homebuilder, said it would buy WCI Communities Inc , which makes luxury homes, in a $643 million-deal that will combine two of the largest homebuilders in Florida.
Ericsson plans to stop manufacturing in Sweden, cutting 3,000 jobs: media
STOCKHOLM (Reuters) – Mobile telecoms equipment maker Ericsson plans to close the last of its Swedish manufacturing sites as part of planned savings, cutting about 3,000 jobs, Swedish daily Svenska Dagbladet reported.
South Korea orders battery safety measures for Samsung Note 7
SEOUL (Reuters) – South Korea said on Thursday it ordered Samsung Electronics Co Ltd to take additional measures to ensure that batteries used in Galaxy Note 7 handsets are safe, as the firm prepares to resume sales of the smartphone in South Korea.
