More pain seen for U.S. crude as product glut adds to gloom
NEW YORK (Reuters) – A glut of refined products has worsened the already-grim outlook for U.S. crude oil for the rest of the year and the first half of 2017, traders warned this week, as the spread between near-term and future delivery prices reached i…
Musk ‘master plan’ expands Tesla into trucks, buses and car sharing
(Reuters) – Tesla Motors Inc Chief Executive Elon Musk Wednesday unveiled an ambitious plan to expand the company into electric trucks and buses, car sharing and solar energy systems.
Hyundai to open first standalone store for Genesis luxury brand
SEOUL (Reuters) – Hyundai Motor on Thursday said it plans to open its first dedicated store for its Genesis luxury car line near Seoul later this year, as the South Korean automaker looks to build a separate identity for the brand.
Oil Search bows to ExxonMobil in battle for InterOil
MELBOURNE (Reuters) – Australia’s Oil Search Ltd has cleared the way for ExxonMobil Corp to take over InterOil Corp for $2.2 billion, giving the U.S. giant access to a rich new gas field to expand its exports from Papua New Guinea.
BOJ could wipe out bets on July easing
TOKYO (Reuters) – Investors betting the Bank of Japan will ease monetary policy next week could be riding for a fall, as the yen’s recent weakening and a government spending package take some pressure off the bank to step up its massive stimulus progra…
McDonald’s Japan shares soar, to collaborate on Pokemon GO soon
TOKYO (Reuters) – Shares of Japan’s McDonald’s Holdings Co jumped to their highest level since 2001 in early trade on Thursday after the company said it would collaborate on the Pokemon GO game “soon”.
Intel’s slowing data center growth overshadows strong profit
(Reuters) – Intel Corp on Wednesday reported slower revenue growth at its data center business, which makes semiconductors used in high-end servers, overshadowing a better-than-expected quarterly profit.
Morgan Stanley hits CEO’s bond trading target, surprising analysts
(Reuters) – Morgan Stanley, which has struggled for years to improve its bond-trading business, may finally be turning the corner.
Microsoft helps Wall St. to another day of record highs
(Reuters) – Wall Street gained on Wednesday and the S&P 500 and Dow industrials set fresh records, as Microsoft’s strong results boosted the indexes and marked the latest sign that U.S. corporate earnings season may be less dour than feared.
AmEx profit beats estimates on strength in overseas market
(Reuters) – Credit card issuer American Express Co reported a better-than-expected quarterly profit, driven by strength in its international business. Net income attributable to common shareholders rose to $2.02 billion, or $2.10 per share, for the…
