Oil falls from 2015 peaks, Brent jumps 9.6 percent on the week
NEW YORK (Reuters) – Crude futures fell from 2015 peaks in choppy trading on Friday, but Brent’s 9.6 percent weekly gain was its biggest in more than five years as Middle East turmoil and signs of lower U.S. production lifted prices.
Strong dollar hit to GE, Honeywell may bode poorly for other industrials
(Reuters) – General Electric Co and Honeywell International Inc said on Friday they will take steps to cushion the impact of a stronger dollar, which hurt first-quarter results at both companies.
GM counting on high-speed Internet services in car to drive profits
DETROIT (Reuters) – Buyers of General Motors Co vehicles will increasingly be able to use in-car mobile broadband systems to book hotel rooms, cut deals on driver insurance, pay for data usage and conduct a host of other transactions.
U.S. consumer prices edge up, supporting Fed rate rise
WASHINGTON (Reuters) – U.S. consumer prices increased for a second straight month in March on rising gasoline and housing costs, a sign of an uptick in inflation that should keep the Federal Reserve on course to start raising interest rates this year.
Democrats square off over trade negotiating bill
WASHINGTON (Reuters) – U.S. President Barack Obama said on Friday a new trade agreement with Asia that is being negotiated would benefit not just America’s businesses but also its workers, anticipating Democratic concerns the deal would cost U.S. jobs
EU telecoms reform to address competition from WhatsApp, Skype
BRUSSELS (Reuters) – The European Commission will take into account increased competition from cable operators and alternative services such as WhatsApp when it overhauls Europe’s telecoms rules next year, a move that will be cheered by the telecoms in…
GE industrial first-quarter profit rises, revenue falls on stronger dollar
(Reuters) – General Electric Co’s quarterly industrial earnings rose 9 percent, helped by cost cuts that expanded profit margins, as the U.S. conglomerate banks on manufacturing of jet engines, turbines and other big-ticket products as it unloads most …
Volkswagen CEO survives challenge from powerful chairman
BERLIN/HAMBURG (Reuters) – Volkswagen CEO Martin Winterkorn has survived a challenge from powerful chairman Ferdinand Piech, but their row remains a distraction for the carmaker as it struggles to boost profits and revamp its ailing U.S. business.
Microsoft unveils touch-friendly Office apps for Windows phones
SAN FRANCISCO (Reuters) – Microsoft Corp on Friday unveiled a long-awaited suite of touch-friendly Office apps that allow Windows phone users to work on Word, PowerPoint and Excel documents on their phones with touch commands and to transfer them easil…
Google’s EU showdown offers openings to competitors
FRANKFURT (Reuters) – Start small, win quick, then move on to bigger issues.
