WPX Energy enters oil-rich Permian basin with $2.35 billion buy
(Reuters) – Natural gas producer WPX Energy Inc agreed to buy privately held RKI Exploration & Production LLC for $2.35 billion, snapping up oil-rich assets in the Permian basin on the cheap amid a steep drop in crude prices.
Pfizer offers concessions in bid to win EU okay for Hospira deal
BRUSSELS (Reuters) – U.S. drugmaker Pfizer has offered concessions in a bid to win European Union regulatory approval for its $15 billion takeover of U.S. rival Hospira , the European Commission said on Tuesday.
North American railroads bet on U.S. consumers for a lift
CHICAGO/TORONTO (Reuters) – North American railroads are pinning their hopes for a second-half recovery on American shoppers as they prepare to release what analysts expect will be dreary second-quarter results.
Oil prices tumble as Iran, global powers reach nuclear deal
LONDON (Reuters) – Oil prices dropped on Tuesday after Iran and six global powers reached a landmark nuclear deal that would see an easing of sanctions against Tehran and a gradual increase in its oil exports.
Exclusive: Greece needs debt relief far beyond EU plans – Secret IMF report
(Reuters) – Greece will need debt relief far beyond what euro zone partners have been prepared to consider due to the devastation of its economy and banks in the last two weeks, a confidential study by the International Monetary Fund seen by Reuters sh…
Apple Pay launches in Britain, with hiccups
LONDON (Reuters) – Apple introduced mobile payments in Britain on Tuesday, hoping to make a splash with consumers familiar with using cards for tap-and-go purchases, as resistance from hold-out banks and stores appeared to evaporate.
Buffett may benefit as train lobby bids to weaken safety rule
WASHINGTON (Reuters) – Billionaire investor Warren Buffett is set to be a chief beneficiary of a bid by Senate Republicans to weaken new regulations to improve train safety in the $2.8 billion crude-by-rail industry, a key cog in the development of the…
Crude drops after Iran deal hit, hit oil stocks
LONDON (Reuters) – Oil prices dropped, pushing commodity-linked shares and currencies lower on Tuesday, after Iran and six world powers reached a historic nuclear deal expected to increase the supply of Iranian crude on world markets.
FedEx in talks to buy 25 Boeing 767 freighters: Bloomberg
(Reuters) – Package delivery company FedEx Corp is in talks to buy at least 25 more 767 freighters from Boeing Co for about $5 billion, Bloomberg reported, citing people familiar with the matter.
U.S. stock futures down, euro firms as Greek deal gets cautious nod
TOKYO (Reuters) – U.S. stock futures edged lower on Tuesday and the euro firmed as investors cautiously waited to see if Greece’s conditional bailout agreement would bring to an end that country’s debt crisis.
