Chinese environmental group sues Volkswagen over emissions scandal
BEIJING (Reuters) – A Chinese environmental group said it has sued Volkswagen AG over its use of software to rig emissions tests, in what state-owned media calls the first public interest lawsuit over the scandal in the German company’s biggest global …
Nissan CEO says sees business as usual for Nissan, Renault alliance
YOKOHAMA, Japan (Reuters) – Nissan Motor Co CEO Carlos Ghosn said on Tuesday the Japanese automaker would continue to work with its parent company Renault exactly as it has in the past, after the two companies resolved a shareholding issue with the Fre…
Dell says could buy back at least $3 billion in VMware tracking stock
(Reuters) – Dell Inc [DI.UL] said in a filing on Monday that it has the flexibility to buy back at least $3 billion in VMWare Inc tracking stock, the special class of shares the computer maker plans to issue to help finance its acquisition of EMC Corp …
Refineries, renewables hold up Congress talks on U.S. oil exports
WASHINGTON (Reuters) – Congressional leaders inched closer on Monday to agreeing to repeal the U.S. oil export ban with debate focused on whether small crude refiners and renewable energy would benefit from any deal, Senate aides said.
Lockheed wins $1.09 billion contract for Patriot PAC-3 missiles
WASHINGTON (Reuters) – Lockheed Martin Corp has won a U.S. Army contract worth $1.09 billion to build PAC-3 missiles for the U.S. Army, South Korea, Qatar and Saudi Arabia for use in Raytheon Co’s Patriot missile defense system, the Pentagon said Monda…
High-yield risks shed doubts on strength of U.S. economy
NEW YORK (Reuters) – The selloff in the bellwether high risk corporate debt market is spreading fears that the U.S. economy is on less sound footing than investors thought.
U.S. oil rises, reversing course after nearing 11-year lows
NEW YORK (Reuters) – U.S. crude rose nearly 2 percent Monday, recovering slightly after moving within a hair of 11-year lows, but analysts and traders said it is still too early to declare the market has reached its bottom.
Wall Street closes higher as crude steadies
(Reuters) – U.S. stocks recovered from early losses on Monday to close higher, helped by firmer oil prices, as investors awaited an expected Federal Reserve interest rate hike later in the week.
Boeing boosts share buyback to $14 billion, hikes dividend
(Reuters) – Boeing Co raised its share repurchase authorization to $14 billion from $12 billion and also increased its quarterly dividend, a sign of confidence in its cash outlook despite plans to cut production.
U.S. oil price gap vanishing for first time in shale era
HOUSTON (Reuters) – The once-deep discount for benchmark U.S. crude oil prices versus global rates is about to disappear for the first time since the rise of the shale oil boom, a sudden reversal that highlights the market’s ongoing flux.
