Oil slides on U.S. refinery maintenance, OPEC meeting doubts
NEW YORK (Reuters) – Oil prices fell on Thursday, with U.S. crude retreating from three-month highs as refinery maintenance looked set to boost record domestic crude stockpiles, while an OPEC meeting aimed at freezing output appeared unlikely without I…
Wall Street ends flat as Draghi disappoints
(Reuters) – U.S. stock indexes ended a volatile session little changed on Thursday after the European Central Bank reduced interest rates but ECB chief Mario Draghi confounded investors who expected multiple rate cuts by saying more were unlikely.
Investors cast wary eye on U.S. industrial stock rebound
NEW YORK (Reuters) – Many U.S. industrial companies’ shares that slid last year over concerns of an economic slowdown have regained their footing in recent weeks, but some investors and analysts suspect the stocks still may be standing on uncertain gro…
Tesla says will ‘vigorously defend’ plan for second Virginia dealer
DETROIT (Reuters) – Tesla Motor Co said it will “vigorously defend” against a lawsuit filed by the Virginia Automobile Dealers Association (VADA) that seeks to keep the electric carmaker from opening and operating a second company-owned dealership in V…
Loss of U.S. boss seen hitting VW turnaround, but not talks with regulators
BERLIN (Reuters) – The departure of Volkswagen’s U.S. boss is a blow to the carmaker’s attempts to revive sales after its emissions test cheating scandal, but should not disrupt its efforts to strike a deal with U.S. regulators, analysts and sources to…
Euro gains, U.S. stocks flat; ECB signals end to rate cuts
NEW YORK (Reuters) – The euro jumped while U.S. stocks ended flat on Thursday as new stimulus measures by the European Central Bank were offset by a signal from its chief Mario Draghi that it would cut interest rates again only in the most extreme of c…
Taco Bell launches $1 breakfast menu
(Reuters) – Yum Brands Inc owned Taco Bell upped the ante in the breakfast wars, launching a nationwide $1 breakfast menu in a bid to compete with other fast-food chains that are cashing in on the trend.
TransCanada in talks to buy Columbia Pipeline Group: sources
(Reuters) – TransCanada Corp , the company behind the controversial Keystone XL oil pipeline project, is in talks to buy U.S. natural gas pipeline operator Columbia Pipeline Group Inc , two people familiar with the matter told Reuters.
Twitter doles out stock, cash bonuses to retain talent: WSJ
(Reuters) – Twitter Inc has been sweetening employee compensation packages to retain talent as the company’s user growth stalls and it stock price slides, the Wall Street Journal reported.
ECB’s Draghi signals end to rate cuts, overshadows stimulus
FRANKFURT (Reuters) – European Central Bank chief Mario Draghi unleashed a bold easing package on Thursday, cutting rates and expanding asset buys, but undid the very stimulus he hoped to achieve by suggesting there would be no further cuts.
