Wall St. ends at record highs; commodity shares climb
(Reuters) – All three major U.S. stock indexes ended at all-time highs on Monday, extending their record-setting climb of the past few weeks as the dollar’s weakness boosted commodity-related shares.
Texas judge tosses GM ignition-switch lawsuit
NEW YORK (Reuters) – A Texas judge has thrown out a lawsuit against General Motors from a woman who blamed a 2012 car crash on a faulty ignition switch that later prompted the company to recall 2.6 million vehicles.
OPEC deal a tough task, as oil output freeze expectations rise
DUBAI/LONDON (Reuters) – OPEC will probably revive talks on freezing oil output levels when it meets non-OPEC nations next month as top exporter Saudi Arabia appears to want higher prices, according to OPEC sources, although Iran, Iraq and Russia prese…
Oil extends rally to five-week highs on talk of producer action
NEW YORK (Reuters) – Oil prices hit five-week highs on Monday, gaining 10 percent or more in a three-day rally as speculation intensified over potential producer action to support prices amid a crude glut.
Tesla removes ‘self-driving’ from China website after Beijing crash
SHANGHAI/SAN FRANCISCO (Reuters) – Tesla removed a Chinese term for “self-driving” from its China website after a driver in Beijing who crashed in “autopilot” mode complained that the car maker overplayed the function’s capability and misled buyers.
Large SolarCity owner cuts stake in second quarter
BOSTON (Reuters) – A large SolarCity Corp hedge fund investor cut most of its stake in the solar panel installer during the second quarter, quarterly filings show, the period when the company received a buyout offer from Tesla Motors Inc .
Fed’s Williams urges new policies to combat low interest rates
SAN FRANCISCO (Reuters) – Central bankers and governments must come up with new policies to buffer their economies against persistently low interest rates that threaten to make future recessions deeper and more difficult to avoid, a top Federal Reserve…
UPS CEO sees ‘sense of urgency’ over TPP as China seeks own deal
LOUISVILLE (Reuters) – The head of United Parcel Service Inc said on Monday the United States runs the risk of missing out on setting the terms for international trade by not approving the Trans-Pacific Partnership (TPP) and said the company is lobbyi…
Japan’s economy stalls in April-June, casts doubts on Abe’s policies
TOKYO (Reuters) – Japan’s economic growth ground to a halt in April-June as weak exports and shaky domestic demand prompted companies to cut spending, putting fresh pressure on premier Shinzo Abe to come up with policies that will produce more sustaina…
Lack of investment, payment delays hamper Venezuela oil output
CARACAS (Reuters) – Venezuela, which holds the world’s largest crude reserves, is on track to suffer its steepest annual oil output drop in 14 years as it suffers the effects of an economic crisis and years of under investment and mismanagement, accord…
