Oil prices rise on firm U.S., German growth; but traders warn of ongoing crude glut
SINGAPORE (Reuters) – Oil prices edged up early on Friday, lifted by firm economic indicators from the United States and Germany which could support fuel demand, but analysts warned that crude markets were threatened by another downturn because of ongo…
MetLife’s ‘too big to fail’ tag is ‘arbitrary, capricious’: U.S. judge
WASHINGTON (Reuters) – Federal regulators’ decision to designate insurer MetLife Inc as “too big to fail” was “arbitrary and capricious,” the U.S. judge who struck down the determination last month wrote in an opinion that was unsealed on Thursday.
Wall St. falls amid global growth worries
(Reuters) – U.S. stocks dropped on Thursday as oil prices slid and worries about the global economy resurfaced, dragging down the dollar against the yen and causing investors to flee riskier assets.
Boeing CEO says sales at risk due to U.S. EXIM paralysis
NEW YORK/WASHINGTON (Reuters) – A delay in appointing U.S. Export-Import Bank board members threatens to cost Boeing Co sales, the company’s chief executive said on Thursday, flagging an issue that also affects General Electric and other U.S. companies…
Redstone lawyers in preliminary deal with ex-girlfriend: source
(Reuters) – Lawyers acting for Sumner Redstone have reached a preliminary settlement with an ex-girlfriend over a lawsuit that challenged the 92-year-old media mogul’s mental competency, a person familiar with the situation said on Thursday.
Fed’s Williams eyes two 2016 rate hikes: Fox Business Network
SAN FRANCISCO (Reuters) – San Francisco Fed President John Williams said Thursday that at least two interest-rate hikes this year is the “right course” so long as the U.S. economy continues to grow, businesses add jobs, and inflation picks up as he exp…
Verizon plans bid for Yahoo and its Yahoo Japan stake: Bloomberg
SAN FRANCISCO (Reuters) – Verizon Communications Inc is ready to make a bid for Yahoo’s web business, and hopes to make a merger more successful by also making an offer for a stake in Yahoo’s Japan subsidiary, Bloomberg reported on Thursday, citing a s…
GM settles ignition-switch case before third trial
NEW YORK (Reuters) – General Motors Co on Thursday said it had agreed to settle a lawsuit that would have been the third case to go to trial over a faulty ignition switch linked to nearly 400 injuries and deaths.
Tesla’s Model 3 sedan gets over 325,000 reservations
(Reuters) – Electric car maker Tesla Inc said on Thursday it had received more than 325,000 orders for its new Model 3 sedan in the first week of bookings.
GM design chief retiring; company veteran named as replacement
DETROIT (Reuters) – General Motors Co’s chief global vehicle designer, Ed Welburn, will retire on July 1 and be replaced by 33-year company veteran Michael Simcoe, the automaker announced on Thursday.
