U.S. oil falls towards $40 on global glut
LONDON (Reuters) – U.S. crude oil prices fell to almost $40 a barrel on Thursday, their lowest since the global financial crisis of 2009, as supplies rose in North America and the Middle East, filling stockpiles to record levels.
Germany wants IMF involved in Greek bailout for reform rigour: sources
BERLIN (Reuters) – Germany wants the International Monetary Fund involved in Greece’s new bailout because of the economic rigour it brings more than for any financial help, government sources said on Thursday.
Bloomberg to ax about 100 editorial jobs: New York Post
(Reuters) – Financial news agency Bloomberg plans to cut about 100 jobs in its editorial division, the New York Post reported.
Jobless claims up slightly; labor market still improving
WASHINGTON, (Reuters) – The number of Americans filing new applications for unemployment benefits unexpectedly rose last week, but the trend remained consistent with solid labor market momentum that could keep the Federal Reserve on track to raise inte…
More takeovers seen for small U.S. banks as rates stay low
(Reuters) – Consolidation among U.S. banks, particularly capital-squeezed small- and mid-cap lenders, is set to rise in the next year or two due to persistently low interest rates, RBC banking analyst Gerard Cassidy said.
Growth fears hit stocks, oil, emerging markets
LONDON (Reuters) – Stocks, oil and emerging market currencies fell on Thursday as fading expectations for an imminent U.S. interest rate hike stoked anxiety about the health of the global economy.
Howard Buffett bets on hydropower to rebuild eastern Congo
MATEBE, Democratic Republic of Congo (Reuters) – U.S. philanthropist Howard Buffett, son of billionaire investor Warren, is pouring millions of dollars into power projects in war-torn Congo, betting that private investment can bring development where the United Nations and aid agencies failed. 
California prosecutors say Uber’s background checks missed convicts
SAN FRANCISCO (Reuters) – California prosecutors have broadened their civil lawsuit against popular online ride-sharing service Uber, alleging that its background checks missed people previously convicted of murder and sex crimes, court records show.
New Target COO’s headache: Too few goods to keep shelves filled
CHICAGO (Reuters) – Two days after being promoted to the new position of Target Corp’s Chief Operating Officer, John Mulligan’s big job is clear: fix a supply chain that the company blamed for shortages of goods that are undermining sales growth.
Fed’s Kocherlakota floats increase in U.S. inflation target
(Reuters) – A top U.S. central banker on Thursday floated the possibility of increasing the Federal Reserve’s inflation target as a way to reduce financial stability risks and make it easier for the Fed to achieve price stability and full employment.
