Brent steady, U.S. crude down ahead of contract expiry
NEW YORK (Reuters) – Brent oil futures settled steady on Thursday while U.S. crude fell ahead of the expiry of the front-month contract and continued pressure from large inventory builds.
Lockheed-Boeing rocket venture to launch micro satellites
CAPE CANAVERAL, Fla. (Reuters) – United Launch Alliance, a joint venture of Lockheed Martin and Boeing , said Thursday it will jump into the booming market for miniature satellites known as CubeSats, officials said.
Starboard asks Yahoo to sell core business instead of Alibaba stake
(Reuters) – Activist investor Starboard Value LP asked Yahoo Inc to drop plans to spin off its stake in Alibaba Group Holdings Ltd due to tax concerns, and instead urged the company to sell its core search and display advertising businesses.
VW diesel recall to cost much less than expected – magazine
BERLIN (Reuters) – Volkswagen will probably incur much lower costs than expected for recalling 2.4 million diesel-powered cars in Germany fitted with illegal emissions-control software, German magazine Wirtschaftswoche reported on Thursday.
Fairly upbeat U.S. data highlight economy’s resilience
WASHINGTON (Reuters) – New U.S. applications for unemployment benefits fell last week while a gauge of U.S. economic activity rebounded in October, signs of a healthy labor market and economy that could give the Federal Reserve confidence to raise inte…
Best Buy comparable sales down; outlook for holiday season weak
(Reuters) – Retail chain Best Buy Co Inc on Thursday forecast a revenue decline for the crucial holiday quarter and reported lower-than-expected quarterly comparable sales, citing slower consumer demand for mobile phones and tablets.
VW to cut capex as emissions scandal weakens unions
BERLIN (Reuters) – Volkswagen is set to announce its first cut in capital spending since the 2009 financial crisis, a sign of how the German carmaker’s emissions-cheating scandal is weakening the position of its labor unions.
Pfizer, Allergan in final stage of merger talks: CNBC
(Reuters) – Pfizer Inc and Allergan Plc are in final stages of talks over an all-stock deal, CNBC tweeted, citing sources.
China’s Premier Li says economy moving in reasonable range
BEIJING (Reuters) – China’s economy is moving in a reasonable range and will be kept running smoothly, Premier Li Keqiang said on Wednesday, according to the country’s official government website.
Hip to be Square? Not for this IPO
SAN FRANCISCO (Reuters) – Square Inc priced shares at $9 for its initial public offering, about 25 percent less than it had hoped, as it struggled to win over investors skeptical about its business and valuation before trading begins on Thursday.
