Conoco cuts dividend for first time in 25 years on crude crash
(Reuters) – ConocoPhillips slashed its quarterly dividend for the first time in at least 25 years and further lowered its capital budget for 2016 as a relentless fall in crude oil prices took its toll on the largest U.S. independent oil company.
U.S. accuses London trader of helping cause 2010 “flash crash”
LONDON (Reuters) – A London-based trader’s market manipulation helped cause the 2010 Wall Street “flash crash” which netted him some $878,000 profit, a prosecutor for U.S authorities seeking his extradition said on Thursday.
Poland scraps $3 billion Airbus heli deal, launches Lockheed talks: report
WARSAW (Reuters) – Poland has decided to scrap the $3 billion deal for 50 Airbus utility helicopters and will buy only a few aircraft from the European company, the daily Rzeczpospolita reported on Thursday citing defense sources.
Global stocks rise as weak dollar, U.S. rate outlook keep oil strong
LONDON (Reuters) – Stocks advanced in Europe and Asia on Thursday, with the focus on energy companies as speculation U.S. interest rates may not rise at all this year left the dollar nursing hefty losses and oil held most of the previous day’s big gain…
Dunkin’ Donuts reports surprise drop in U.S. store sales
(Reuters) – Dunkin’ Brands Group Inc reported a surprise drop in sales at established U.S. Dunkin’ Donuts restaurants as price increases and intensifying competition reduced customer visits.
Oil rises further above $35 on dollar, talk of producer meet
LONDON (Reuters) – Oil rallied further above $35 a barrel on Thursday, adding to the previous session’s 7 percent jump, as support from a weaker dollar offset concern about ample supply and record-high U.S. inventories.
U.S. lawmakers unlikely to get answers from ex-drug executive Shkreli
NEW YORK/WASHINGTON (Reuters) – Martin Shkreli, the former drug executive who raised the price of a lifesaving medicine by 5,000 percent, is set to appear as a witness at a congressional hearing on Thursday but is unlikely to answer lawmakers’ question…
Sharp chooses Foxconn as preferred bidder over Japan fund: sources
TOKYO (Reuters) – Sharp Corp has chosen Taiwan’s Foxconn as its preferred bidder in takeover talks, sources with knowledge of the decision said – paving the way for the biggest acquisition by a foreign company in Japan’s insulated tech sector.
Honda adds 2.2 million vehicles to Takata air bag recall
DETROIT/WASHINGTON (Reuters) – Honda Motor Co Ltd is expanding its recall in North America of late-model vehicles equipped with potentially defective Takata air bags, adding 2.23 million vehicles.
Delta Air Lines CEO to retire; president named as successor
(Reuters) – Delta Air Lines Inc on Wednesday said President Ed Bastian would replace Richard Anderson as chief executive in May, a long expected move that will see one of the most successful and outspoken leaders in the airline industry retire.
