Alcoa plans to close largest U.S. aluminum smelter amid tumbling prices
NEW YORK (Reuters) – Alcoa Inc said on Thursday it will permanently close its 269,000 tonne-per-year Warrick Operations smelter in Evansville, Indiana, by the end of first quarter, the latest in a string of U.S. smelter curtailments as producers strugg…
United Air, doctors say CEO recovering well after heart transplant
(Reuters) – United Continental Holdings Inc said on Thursday that Chief Executive Oscar Munoz was recovering well the day after a heart transplant that raised concerns about how long the second-largest U.S. airline might be without its top executive.
Analysts hold high hopes for Apple even as stock dives
SAN FRANCISCO (Reuters) – Apple’s stock slump of almost 20 percent over the past month has exposed a widening divide between investors and the sell-side analysts who cover the iPhone maker.
Fed’s Evans favors slower interest rate path in 2016
MADISON, Wis. (Reuters) – Chicago Federal Reserve President Charles Evans said on Thursday his view of the U.S. interest rate path in 2016 was consistent with two hikes, and cautioned that monetary policy must take into account the potential for lower …
Oil down again to 12-year low; $30 handle looks more likely
NEW YORK/LONDON (Reuters) – Oil prices fell for a fourth day on Thursday, lurching again to 12-year lows as new financial market tumult in China brought a $30 per barrel handle within view.
Out of flavor: Wall Street slashes targets on Chipotle
(Reuters) – From the carnitas crisis of early 2015 to the more recent E. Coli outbreak. And now, tough love from Wall Street. Chipotle Mexican Grill Inc’s shareholders have never had it so bad.
Exclusive: Telecom Italia, Oi in talks as Brazil signals ease in rules – sources
SAO PAULO/BRASILIA (Reuters) – Oi SA , Brazil’s most indebted phone carrier, has started talks with the controlling shareholder of rival TIM Participações SA over a potential merger, with discussions initially focusing on governance issues, two sources with direct knowledge of the matter said on Thursday.
Exclusive: Blackstone to launch hedge fund platform Senfina in Britain
LONDON (Reuters) – Blackstone Group is planning to bring its multi-manager hedge fund platform Senfina Advisors to Britain, three sources with direct knowledge of the move told Reuters.
For many stocks on Wall Street, it’s already a bear market
NEW YORK (Reuters) – With U.S. stocks now on pace for their worst start to the year since 2000, investors are questioning whether Wall Street is headed for a bona fide bear market. The truth is, many stocks are already there.
Shire, Baxalta to announce merger as soon as Monday: sources
(Reuters) – Rare disease drugmaker Shire Pharmaceuticals Plc is preparing to announce its roughly $32.5 billion acquisition of U.S. peer Baxalta International Inc as early as Monday, according to people familiar with the matter.
