Crude oil set for weekly gain despite global surplus
LONDON (Reuters) – Brent crude held close to $49 a barrel on Friday, poised to post the first weekly gain in three weeks despite a supply glut that has tested storage capacity and hammered oil company results.
Fiat Chrysler recalls about 900,000 SUVs to fix airbags, brakes
(Reuters) – Fiat Chrysler Automobiles NV said it was recalling nearly 900,000 vehicles around the world to fix issues related to airbag deployment and anti-lock braking systems.
World stocks on course for best month in four years
LONDON (Reuters) – World shares rose on Friday and were on course for their best month in four years, as global central banks kept stimulus policies intact and many hinted at further steps to re-energize their economies.
Colgate sales hit by strong dollar, weakness in Latin America
(Reuters) – Colgate-Palmolive Co reported a steeper-than-expected drop in quarterly sales, mainly due to a strong dollar, and the world’s biggest toothpaste maker said full-year earnings would likely be lower than anticipated.
Chinese court orders ConocoPhillips to pay $266,000 over 2011 oil spills
BEIJING (Reuters) – A Chinese court has ordered ConocoPhillips to pay compensation to nearly two dozen aquaculture farmers who said their livelihoods were hurt by oil spills off China’s northeastern coast in 2011.
Airbus wins China deal for 100 helicopters
HEFEI, China (Reuters) – Airbus Helicopters won a commitment from China on Friday to buy 100 H135 helicopters as part of a deal to set up a final assembly line in the country, a fast-growing market for helicopters.
Pfizer, Allergan drug merger talks raise tax hackles in U.S.
(Reuters) – Pfizer Inc, the No. 1 U.S. drugmaker, and Botox maker Allergan Plc said they were in friendly talks to create a pharmaceutical colossus but the prospect that the company would seek to avoid U.S. taxes sounded political alarm bells.
Exclusive: AirAsia founder began buyout talks as share fall put loans at risk – sources
SINGAPORE (Reuters) – AirAsia founder Tony Fernandes began talks with bankers to take Asia’s No.1 budget airline private after a plunge in its stock price put $200 million worth of loans borrowed against AirAsia’s shares at risk, people familiar with t…
Quebec’s $1 billion lifeline to Bombardier a ‘gamble on the unknown’
MONTREAL/QUEBEC CITY (Reuters) – Quebec’s $1 billion bailout for aerospace company Bombardier Inc is meant to protect thousands of jobs in one of the province’s top industries, but risks worsening the finances of Canada’s most indebted province if it f…
Starbucks cafe sales hot, but holiday forecast disappoints
(Reuters) – Starbucks Corp delivered a disappointing profit forecast for the holiday quarter on the heels of strong cafe sales and profit growth, sending its shares lower.
