Oil falls as investors expect little from Doha meeting
NEW YORK (Reuters) – Oil prices fell on Friday in subdued trade as traders and analysts anticipate a weekend meeting of major oil exporters to do little to help to clear global oversupply quickly, even though it would provide a floor for the market.
G20 worried by ‘modest’ global growth, commodities weakness
WASHINGTON (Reuters) – Financial leaders from the Group of 20 nations said on Friday they were heartened by a recent recovery in financial markets, but warned that global growth was “modest and uneven” and threatened by weakness in commodities-based ec…
SunEdison to file for bankruptcy as early as Sunday night: source
(Reuters) – Solar energy company SunEdison Inc is preparing to file for bankruptcy as early as the evening of April 17, a person familiar with the matter said on Friday, nine months after its market value had reached $10 billion.
Citigroup’s first-quarter results suggest tough year ahead
(Reuters) – Citigroup Inc reported a sharp decline in quarterly profit on Friday, hit by weak revenue, costs related to shrinking businesses, and loans to energy companies that are going bad.
Sprint extends its fastest network to NY, 190 markets
NEW YORK (Reuters) – Sprint Corp said on Friday it has extended LTE Plus, a network improvement that offers customers its fastest network and higher data speeds to New York City and 190 other markets.
Obama tax inversion rules may overstep authority: U.S. lawmaker
WASHINGTON (Reuters) – President Barack Obama’s proposed rules to stop U.S. companies from reincorporating abroad, if only on paper, to avoid U.S. income taxes appear to overstep legal authority, a top Republican lawmaker said on Friday.
Apple, energy shares weigh on Wall Street, but week shows gains
(Reuters) – Wall Street dipped on Friday as oil price declines weighed on energy shares and Apple dragged on the market, but major indexes still posted gains for the week.
Intel plans to cut thousands of jobs: report
(Reuters) – Intel Corp is planning to cut thousands of jobs this spring, including reducing headcount in some business units by double-digit percentages, news website Oregonlive said, citing sources inside the company familiar with the plan.
Volkswagen names North American CEO to run its U.S. unit
(Reuters) – Volkswagen AG said on Friday it was tapping the head of its new North American region to serve as president and chief executive of Volkswagen Group of America.
Apple extends iPhone production cut for another quarter: Nikkei
(Reuters) – Apple Inc will continue its reduced production of iPhones in the quarter ending June in light of sluggish sales, the Nikkei business daily reported, citing parts suppliers notified of the plan.
