Supreme Court rejects appeal in shareholder suit against BP
WASHINGTON (Reuters) – The U.S. Supreme Court on Monday declined a request from shareholders seeking to revive their class action lawsuit against BP claiming the British oil company misrepresented its safety procedures prior to the 2010 Gulf of Mexico…
Union warns VW could face protests if wage talks delayed
BERLIN (Reuters) – Germany’s IG Metall warned Volkswagen on Monday that it could face protests from workers if it sought to delay talks about wage rises for 120,000 staff who work for the carmaker in western Germany.
Halliburton and Baker Hughes scrap $28 billion merger
(Reuters) – Oilfield services provider Halliburton Co and smaller rival Baker Hughes Inc announced the termination of their $28 billion merger deal on Sunday after opposition from U.S. and European antitrust regulators.
U.S. companies starting to see relief from pains of strong dollar
NEW YORK (Reuters) – The sluggish U.S. economy is proving to be a relief for U.S.-based companies struggling under the weight of the strong dollar and could lead to more positive earnings surprises in the weeks ahead.
Goldman targets ‘mass affluent’ borrowers with unusual lending plan
NEW YORK (Reuters) – Goldman Sachs Group Inc , the banking gold standard for the world’s elite, sees a future in less prosperous investors.
Warren Buffett says doesn’t try to profit from central bank moves: CNBC
NEW YORK (Reuters) – Warren Buffett, the chairman and chief executive of conglomerate Berkshire Hathaway , said Monday Berkshire did not try to profit from global central bank monetary policy and that low oil prices were beneficial to the United States…
BOJ sees little reason to act when households aren’t listening
TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda has a big problem. His radical monetary policy experiment has always been aimed at convincing the public that an end to deflation is near – and right now the public aren’t listening.
Sluggish factory activity sets global tone for second quarter
BENGALURU/SYDNEY (Reuters) – Asian factories barely grew in April and those in the euro zone did little better despite heavy discounting, setting a sluggish tone on Monday for the global economy in the second quarter.
As oil plows through $45 a barrel, U.S. producers rush to lock in prices
HOUSTON (Reuters) – U.S. oil producers pounced on this month’s 20 percent rally in crude futures to the highest level since November, locking in better prices for their oil by selling future output and securing an additional lifeline for the years-long…
Takata booking over $156 million in additional loss for air bag recalls
TOKYO (Reuters) – Japan’s Takata Corp is booking an additional special loss of 16.6 billion yen ($156.07 million) for the year that ended in March due to mounting recall costs for its potentially lethal air bags.
