Oil loses nearly 4 percent as hopes over Saudi, Russia deal fade
NEW YORK (Reuters) – Brent oil fell almost 4 percent on Tuesday, erasing early gains after top producers Russia and Saudi Arabia dashed expectations of an outright supply cut by agreeing only to freeze output if other big exporters joined them.
Fed’s Kashkari, in first speech, suggests radical Wall St. overhaul
WASHINGTON (Reuters) – The U.S. Federal Reserve’s newest policymaker and a former point man for the government’s bailout of the financial industry on Tuesday called on lawmakers to take radical action to rein in banks and protect taxpayers.
Drinks can makers Ball, Rexam launch $3 billion asset sale ahead of merger: sources
FRANKFURT (Reuters) – Drinks can makers Ball Corp and Rexam Plc have begun the process of selling assets, potentially worth more than $3 billion, to meet antitrust regulations ahead of their planned merger, several people familiar with the matter said….
Fed to hike twice in 2016, undeterred by external risks: Reuters poll
BENGALURU (Reuters) – Growing concerns about weak global growth and inflation are unlikely to deter the U.S. Federal Reserve from tightening policy, according to a Reuters poll that suggested two interest rate hikes are likely this year.
CP seeks order from regulator on deal structure for Norfolk buy
(Reuters) – Canadian Pacific Railway Ltd said it would seek an order from the U.S. federal rail regulator confirming the viability of a complex deal structure that it intends to use in its proposed takeover of Norfolk Southern Corp .
GM says recalling Saab, Saturn brand vehicles with Takata parts
DETROIT (Reuters) – General Motors Co on Tuesday said it is recalling about 200,000 vehicles of its former brands Saab and Saturn as part of a wider recall of more than 5 million autos with potentially defective air bag inflators made by Takata Corp .
Jobs in U.S. aerospace, defense sector seen up 3.2 percent in 2016
WASHINGTON (Reuters) – The U.S. aerospace and defense industry is poised to add 39,443 jobs in 2016, an increase of about 3.2 percent and the first job growth in the sector in five years, according to a study by Deloitte.
Medical device maker Stryker to buy Physio-Control for $1.28 billion
(Reuters) – Medical device maker Stryker Corp said it would buy Physio-Control International Inc for $1.28 billion in cash to expand its emergency medical services business and raised its earnings forecast for the second time this month.
Osram’s CEO clashes with Siemens over LED strategy
MUNICH, Germany (Reuters) – The chief executive of German lighting group Osram ran up against the company’s biggest shareholder Siemens on Tuesday over his controversial strategy of expanding in the general LED lighting market.
Vodafone ties up with Liberty in Dutch deal to take on KPN
AMSTERDAM/LONDON (Reuters) – Mobile telecoms network operator Vodafone and cable company Liberty Global have agreed to combine their Dutch operations to create a stronger package of TV, broadband Internet and mobile, aiming to better take on former inc…
