Oil down 3 percent on OPEC output hike, speculative ramp-up in Brent
NEW YORK (Reuters) – Oil prices fell about 3 percent on Monday as production from the Organization of the Petroleum Exporting Countries neared all-time peaks and record speculative buying in global benchmark Brent sparked profit-taking on last month’s …
Twitter lawsuit partly dismissed over U.S. information requests
SAN FRANCISCO (Reuters) – A U.S. judge on Monday partly dismissed a lawsuit filed by Twitter Inc in which the social media company argued it should be allowed to publicly disclose more details about requests for information it receives from the U.S. g…
Big bargains entice Warren Buffett fans on Berkshire weekend
OMAHA (Reuters) – Warren Buffett, the CEO of Berkshire Hathaway Inc, is known for his keen eye for a bargain.
Australian says he created bitcoin, but some skeptical
SYDNEY/LONDON (Reuters) – Australian tech entrepreneur Craig Wright identified himself as the creator of controversial digital currency bitcoin on Monday but experts were divided over whether he really was the elusive person who has gone by the name of…
U.S. manufacturing shows signs of stability as export orders rise
WASHINGTON (Reuters) – U.S. factory activity expanded at a more moderate pace in April due in part to a slowdown in new orders, but a rise in export orders to a near 1-1/2-year high and signs an inventory overhang drag was fading offered hope for the m…
U.S. economy still seen growing 1.8 percent in second quarter: Atlanta Fed
NEW YORK (Reuters) – The U.S. economy is on track to grow at a 1.8 percent annualized rate in the second quarter, the Atlanta Federal Reserve said on Monday, unchanged from its estimate on Friday.
Gannett to urge Tribune shareholders to withhold board slate vote
(Reuters) – Gannett Co Inc plans to urge Tribune Publishing Co’s shareholders to withhold their votes on election of board nominees as it looks to engage the publisher of Chicago Tribune in takeover talks.
Investors may have profited from leaked U.S. data: ECB research paper
FRANKFURT (Reuters) – Investors earned millions of dollars in profits from correctly betting on market moves ahead of sensitive U.S. economic data, suggesting leaks of key indicators, a European Central Bank research paper said on Monday.
Fidelity raises estimated value of Airbnb, Cloudera and Nutanix
(Reuters) – Valuations of apartment-sharing startup Airbnb Inc and other promising pre-IPO companies rose in March, according to the latest monthly estimates released by Fidelity Investments.
No alternative to low rates for now, ECB’s Draghi says
FRANKFURT (Reuters) – Low interest rates are not harmless but they are only the symptom, not the cause of an underlying problem across major economies, European Central Bank President Mario Draghi said on Monday, arguing that there was no alternative f…
