OPEC fails to agree policy but Saudis pledge no shocks
VIENNA (Reuters) – OPEC failed to agree a clear oil-output strategy on Thursday as Iran insisted on steeply raising its own production, though Tehran’s arch-rival Saudi Arabia promised not to flood the market and sought to mend fences within the organi…
Nestle Chairman says succession announcement expected this year
VEVEY, Switzerland (Reuters) – Nestle is looking at internal and external candidates to lead the world’s largest food and drink company and will announce its choice for a new chairman before the end of the year, its current chairman said on Thursday.
Wal-Mart says it is 6-9 months from using drones to check warehouse inventory
BENTONVILLE, Ark. (Reuters) – Wal-Mart Stores Inc said Thursday it was six to nine months from beginning to use drones to check warehouse inventories in the United States, taking a step closer to using the technology to compete better with rivals.
EU throws support behind ‘sharing economy’ firms like Uber, Airbnb
BRUSSELS (Reuters) – The European Union executive threw its weight behind the “sharing economy” on Thursday, saying governments should only ban services such as ride-hailing app Uber [UBER.UL] and Airbnb as a last resort.
Independence of compliance reviews is questioned in drug firm settlements
WASHINGTON (Reuters) – Some major U.S. drug companies have hired their own auditors to perform compliance reviews mandated in government settlements over alleged civil violations, such as paying kickbacks or off-label drug promotion, according to feder…
Uber, Lyft set to defend driver settlements in court
SAN FRANCISCO (Reuters) – Uber and Lyft on Thursday will attempt to persuade separate U.S. judges to approve class action settlements which keep drivers classified as independent contractors instead of employees.
Honda shows off self-driving cars at new Calif testing facility
CONCORD, Calif (Reuters) – Honda Motor Co gave a sneak preview of its self-driving prototypes on Wednesday, saying it was already on its way to offering semi-autonomous safety functions to the mass market.
Oil set for third week of gains, OPEC debates output policy
LONDON (Reuters) – Oil prices held broadly steady on Thursday, set for their third week of gains, ahead of an OPEC meeting that analysts said was not expected to result in restrictions on crude output.
Porsche recalls around 14,500 Cayenne cars in Russia – regulator
MOSCOW (Reuters) – Porsche AG, the sportscar unit of Volkswagen, will recall 14,494 Cayenne sports utility vehicles in Russia to fix a potentially faulty component on the brake system, Russian standards agency Rosstandart said on Thursday.
Credit Suisse seeks to make Friday nights special for staff
LONDON (Reuters) – Credit Suisse has told its staff to leave work by 7pm on a Friday and not return until at least Saturday lunchtime, unless a big deal is in the works.
