Home insurer Allstate’s drone project takes flight
(Reuters) – Home and auto insurer Allstate Corp said on Thursday it has been testing drone flights to assess property claims.
Shell calls for tougher regulation of Dubai oil benchmark
(Reuters) – Anglo-Dutch oil company Royal Dutch Shell PLC on Thursday called for tougher regulation of the Dubai crude benchmark, the Middle East’s most important oil-pricing mechanism, which has pushed up the region’s prices relative to other grades.
Volkswagen creates U.S. diesel emissions claims program
WASHINGTON (Reuters) – Volkswagen of America said on Thursday it is creating an independent claims program for the owners of nearly 600,000 diesel vehicles that emit up to 40 times legally allowable emissions.
IMF chief Lagarde to face French trial over Tapie affair
(Reuters) – A French court has ordered Christine Lagarde, the head of the International Monetary Fund (IMF), to face trial over her role in a payout of some 400 million euros ($434 million) to businessman Bernard Tapie, her lawyer said on Thursday.
Staples, FTC stalled on settlement talks
WASHINGTON (Reuters) – The U.S. Federal Trade Commission is looking for office supply store Staples to improve its offer to divest assets to further its bid to buy rival Office Depot , the agency said in court on Thursday.
Jim Chanos wishes he ‘could borrow more’ to short SolarCity stock
NEW YORK (Reuters) – Jim Chanos of Kynikos Associates said he is still betting on a huge decline in the shares of SolarCity Corp, which he has called a “subprime financing company,” and said he wishes he could borrow more stock to short its shares.
Wall St falls as growth fears resurface after three-day rally
(Reuters) – U.S. stocks dropped Thursday on persistent concern over faltering global economic growth, led by declines in energy and materials shares, a day after shares had rallied on the Federal Reserve’s decision to raise interest rates.
Jim Chanos wishes he ‘could borrow more’ to short SolarCity stock
NEW YORK (Reuters) – Jim Chanos of Kynikos Associates said he is still betting on a huge decline in the shares of SolarCity Corp , which he has called a “subprime financing company,” and said he wishes he could borrow more stock to short its shares.
Equities drop on energy weight; dollar climbs
NEW YORK (Reuters) – U.S. stocks led a decline in most equity markets around the globe on Thursday, a day after the Federal Reserve’s first interest rate hike in nearly a decade, as continued pressure on oil weighed on the energy sector.
Wendy’s names CFO Penegor president, starting CEO succession plan
(Reuters) – U.S. burger chain operator Wendy’s Co said Chief Financial Officer Todd Penegor would take on the additional role of president, starting the process for him to replace Emil Brolick as chief executive in May.
