Oil hits 2016 high after U.S. crude draw report, gasoline rally
NEW YORK (Reuters) – Crude oil prices hit 2016 highs on Tuesday on the back of a rally in the gasoline market and after an industry group reported a surprise draw in U.S. crude stockpiles.
U.S. Treasury anti-laundering head to join HSBC: sources
ST. LOUIS (Reuters) – The U.S. Treasury Department’s top anti-money laundering official is resigning to take what sources said on Tuesday was a top post at HSBC Holdings Plc , which is struggling to meet terms of an earlier settlement with the U.S. gov…
Chipotle freebies fail to overcome food safety fears; shares fall
LOS ANGELES (Reuters) – Chipotle Mexican Grill Inc reported its first ever quarterly loss, after food giveaways failed to lure back large numbers of paying customers turned off by a string of food safety lapses last year.
As tide turns against chip industry, Samsung forges ahead of rivals
SEOUL (Reuters) – Gloom may be settling over much of the world’s semiconductor industry but Samsung Electronics Co Ltd is expected to cope better than most due to its strong technological edge, enabling it to boost market share for some key products an…
AT&T loses TV subscribers; profit beats expectations
(Reuters) – AT&T Inc said on Tuesday the No. 2 U.S. wireless carrier lost television subscribers and signed up fewer-than-expected monthly wireless customers in the first quarter, even as it beat profit estimates.
S&P500 index buoyed by commodity sectors; Apple drags futures lower
(Reuters) – The S&P 500 stock index ticked up on Tuesday, buoyed by gains in the energy and materials sectors, even though lackluster economic data weakened the U.S. dollar, thereby giving support to oil and gold prices.
Mitsubishi Motors says cheated on mileage tests for 25 years
TOKYO (Reuters) – Japanese car maker Mitsubishi Motors Corp said on Tuesday it used fuel economy testing methods that did not comply with Japanese regulations for 25 years, much longer than previously known.
Euro zone: more time needed for Greek reforms; Tsipras to seek EU summit
BRUSSELS (Reuters) – Euro zone finance ministers will not meet on Thursday and need more time to discuss Greek reforms that would unlock new loans, signaling significant differences remain between Athens and its lenders on bailout targets.
Citigroup shareholders endorse executive pay; nix breakup study
NEW YORK (Reuters) – Citigroup Inc shareholders on Tuesday approved of the company’s compensation of executives and also sided with directors in rejecting a call for a special study of breaking up the big bank.
Weak U.S. factory, consumer confidence data cloud growth outlook
WASHINGTON (Reuters) – Orders for long-lasting U.S. manufactured goods rebounded far less than expected in March as demand for automobiles, computers and electrical goods slumped, suggesting the downturn in the factory sector was far from over.
