Oil rebound fizzles, sending global shares lower
LONDON (Reuters) – Global stock markets fell on Wednesday as oil prices slumped back toward 11-year lows, sapping investors’ appetite for risky assets and hurting the shares of mining and energy companies.
Asian stock erase gains as crude oil rebound fizzles
TOKYO (Reuters) – Asian shares unwound early gains on Wednesday, as investors turned cautious following renewed selling in recently battered crude oil futures.
Bridgestone pulls out of bidding war for Pep Boys
(Reuters) – Japanese tire maker Bridgestone Corp said it would not counter Carl Icahn’s raised offer to buy Pep Boys – Manny Moe & Jack , ending a bidding war for the U.S. auto parts retailer.
Pep Boys says Icahn offer is superior, moves to terminate Bridgestone deal
(Reuters) – Pep Boys-Manny Moe & Jack said its board determined activist investor Carl Icahn’s latest buyout offer was superior to the deal it accepted from Bridgestone Corp , and the U.S. auto parts retailer moved to terminate the Bridgestone agreement.
Oil ends up 3 percent on cold weather but glut worry persists
NEW YORK/LONDON (Reuters) – Oil prices jumped 3 percent on Tuesday, recouping the previous day’s loss as colder weather encouraged buyers, but traders said prices remained under pressure due to slowing global demand and abundant supplies from OPEC memb…
Apple and Amazon deliver rally on Wall Street
(Reuters) – Wall Street rose sharply on Tuesday, elevating the S&P 500 to a modest gain for the year as Amazon and Apple led tech stocks higher.
DuPont cuts jobs in Delaware ahead of Dow merger
(Reuters) – Chemical maker DuPont Co said it would cut 1,700 jobs in Delaware, as part of a previously announced plan to reduce its workforce before combining with Dow Chemical Co in a $130 billion megamerger.
Ferrari short sellers face higher costs; shares in short supply
SAN FRANCISCO (Reuters) – Short sellers waiting for recently listed shares of Ferrari NV to swerve off the road may soon face higher costs to maintain their bets on the luxury sportscar maker.
Stabilizing oil lifts shares and bond yields
NEW YORK (Reuters) – Stocks rose around the world and bond yields edged up on Tuesday as oil rebounded from 11-year lows on prospects for lower temperatures on both sides of the Atlantic.
Third time’s a charm for UPS at Christmas, but FedEx stumbles
CHICAGO (Reuters) – After two consecutive years of problems during its holiday peak package season, UPS delivered on time at Christmas this year while its main rival FedEx had a last-minute stumble that left some gifts undelivered until after the holid…
