Oil at 2016 high above $40 per barrel after producer price support talk
NEW YORK (Reuters) – Global oil markets jumped more than 5 percent on Monday, with Brent hitting a 2016 peak above $40 a barrel, after Ecuador said it was holding a meeting of Latin American crude producers as OPEC sought a higher anchor price for oil….
American Express shares rise after report of potential sale
NEW YORK (Reuters) – American Express Co shares rose more than 1 percent on Monday after Fox Business News reported that the credit-card company might be acquired by Wells Fargo & Co or another financial firm.
Fed officials set battle lines on rate hikes ahead of March meet
WASHINGTON (Reuters) – After a long wait for inflation to accelerate, U.S. Federal Reserve officials face a complex and possibly divisive debate over whether recent evidence of rising prices is strong enough to move ahead with planned rate hikes.
Toyota recalls 33,264 more vehicles over airbags in Canada: government
TORONTO (Reuters) – Toyota Motor Corp recalled 33,264 more vehicles in Canada as of Monday over an issue with frontal airbags, bringing the total in the country to 400,124 vehicles since 2013, the Canadian government said.
U.S. Air Force says Pratt to build engines for new bomber
WASHINGTON (Reuters) – The U.S. Air Force on Monday named Pratt & Whitney as the engine maker for the new Northrop Grumman Corp long-range strike bomber, and defended the plane’s “cost plus incentive fee” contract that has been challenged by U.S. lawmakers.
SEC charges Wells Fargo, Rhode Island agency with securities fraud
(Reuters) – The U.S. Securities and Exchange Commission on Monday charged a Wells Fargo & Co unit and a Rhode Island agency with civil fraud stemming from a bond deal for a now-bankrupt video-game company founded by former Boston Red Sox pitcher Curt Schilling.
S&P 500 ticks above 2,000 as energy offsets tech slide
(Reuters) – The Dow Jones industrial average and the S&P 500 index closed higher on Monday as a spike in energy shares offset sharp declines in large-cap technology names, which dragged down the Nasdaq.
Oil prices rally; S&P 500 up for a fifth session
NEW YORK (Reuters) – Oil prices jumped on Monday as optimism rose that major producers might reach a price support deal, helping U.S. stocks to notch a fifth straight session of gains.
Raytheon must face $1 billion whistleblower lawsuit: U.S. appeals court
(Reuters) – Raytheon Co must defend against a $1 billion whistleblower lawsuit accusing the defense contractor of fraudulently overbilling the U.S. government under a contract to develop a weather sensor for a costly environmental satellite system, an …
Wall Street bonuses tumble in 2015″ NY state comptroller
NEW YORK (Reuters) – The average Wall Street bonus fell 9 percent to $146,200 in 2015 as volatile financial markets hurt profits at New York’s broker-dealer firms, according to a report released by a top New York state financial watchdog on Monday.
