BP shrinks further to weather extended oil slump
LONDON (Reuters) – BP announced on Tuesday a third round of spending cuts and more asset sales in the coming years to tackle an extended period of low oil prices after third-quarter profits slumped.
JPMorgan Chase says it is building a rival to Apple Pay
LAS VEGAS (Reuters) – JPMorgan Chase & Co said on Monday it will soon launch its own competitor to Apple Pay that will allow consumers to pay retailers using their smartphones in stores, and it has already won the endorsement of a major group of merchants.
Exclusive: Wal-Mart seeks to test drones for home delivery, pickup
CHICAGO (Reuters) – Wal-Mart Stores Inc applied Monday to U.S. regulators for permission to test drones for home delivery, curbside pickup and checking warehouse inventories, a sign it plans to go head-to-head with Amazon in using drones to fill and de…
Germany invites U.S. experts to check diesel tests after VW scandal
BERLIN (Reuters) – German Transport Minister Alexander Dobrindt has invited U.S. experts to Germany to observe checks being conducted on vehicles with diesel engines, as a result of Volkswagen’s emissions-rigging scandal.
In the rearview mirror: car designer warns on Google game changer
TOKYO (Reuters) – The days of cheap and cheerful cars like the Honda Civic and Toyota Corolla may be numbered as technology firms Google and Apple muscle into the auto industry, and change the way people own and drive cars.
Exclusive: Nissan seeks end to Renault control in French power struggle
PARIS (Reuters) – Nissan Motor has drawn up proposals to exit Renault control by purchasing a larger stake in its French parent, sources told Reuters, amid an escalating power struggle between Renault-Nissan alliance boss Carlos Ghosn and the French st…
Canada’s once-booming Arctic diamond sector loses luster
YELLOWKNIFE, Northwest Territories (Reuters) – A decline in diamond prices because of lower growth in Chinese jewelry demand is dulling the appeal of Canada’s Arctic diamond industry, with the resulting drop in exploration hurting the region’s long-term prospects. Exploration spending in Canada’s diamond-rich Northwest Territories (NWT), the world’s third-biggest producer, is forecast to drop 54 percent this year, according to a Canadian government estimate earlier this year. That is bad news
JPMorgan joins proxy access trend, adopts clawback disclosure
BOSTON (Reuters) – JPMorgan Chase & Co said on Monday its board will consider a bylaw amendment to make it easier for small groups of investors to run candidates for the New York bank’s board of directors.
JPMorgan Chase says it is building a rival to Apple Pay
LAS VEGAS (Reuters) – JPMorgan Chase & Co said on Monday it will soon launch its own competitor to Apple Pay that will allow consumers to pay retailers using their smartphones in stores, and it has already won the endorsement of a major group of merchants.
Dow, S&P 500 end down slightly as Apple, energy weigh
(Reuters) – The Dow and the S&P 500 edged lower on Monday as energy shares dropped with oil prices and Apple retreated a day before its quarterly results.
