Saudi prince unveils sweeping plans to end ‘addiction’ to oil
RIYADH (Reuters) – The powerful young prince overseeing Saudi Arabia’s economy unveiled ambitious plans on Monday aimed at ending the kingdom’s “addiction” to oil and transforming it into a global investment power.
Bombardier in spotlight as market watches for Delta deal, AGM
MONTREAL/TORONTO (Reuters) – Canadian planemaker Bombardier Inc faces a pivotal week that may see a key deal announced with Delta Air Lines Inc but a federal aid package is unlikely to be approved in time for its annual meeting on Friday.
New U.S. home sales drop on sharp decline in the West
WASHINGTON (Reuters) – New U.S. single-family home sales unexpectedly fell in March, but the decline was concentrated in the West region, suggesting that the housing market continued to steadily improve.
Aiming for U.S. market, Airbus delivers first U.S-made jetliner
(Reuters) – Airbus delivered its first U.S.-made jetliner on Monday to JetBlue Airways , a key step in efforts to win market share from rival Boeing Co .
Facebook developing camera app similar to Snapchat: WSJ
(Reuters) – Facebook Inc is developing a stand-alone camera app, similar to disappearing photo app Snapchat, to increase user engagement, the Wall Street Journal reported, citing people familiar with the matter.
VW to go to U.S. court to keep 160 Tennessee plant workers from UAW
DETROIT (Reuters) – Volkswagen AG said on Monday it would go to a U.S. federal appeals court in an effort to keep the United Auto Workers union from representing a portion of the company’s plant workers in Chattanooga, Tennessee.
Oil down; Morgan Stanley, Barclays warn of bearish forces
NEW YORK (Reuters) – Oil prices fell as much as 2 percent on Monday after an inventory spike at a key storage base for U.S. crude and leading banks in the commodities trade said a two-month long rebound has defied fundamentals.
Bangladesh Bank hackers compromised SWIFT software, warning issued
(Reuters) – The attackers who stole $81 million from the Bangladesh central bank probably hacked into software from the SWIFT financial platform that is at the heart of the global financial system, said security researchers at British defense contracto…
If Mitsubishi Motors needs help, group firms may look away
TOKYO (Reuters) – A decade ago, Japanese automaker Mitsubishi Motors survived a defect cover-up scandal through a bail-out by other Mitsubishi Group companies. Now, facing uncertainty and potential liabilities from a new scandal, it may be on its own….
Honeywell to repurchase up to $5 billion of shares
(Reuters) – Honeywell International Inc , a U.S. manufacturer of aerospace parts and climate control systems, said its board authorized the company to repurchase up to $5 billion of its common stock.
