Oil rises and posts weekly gain as Iran tensions support
NEW YORK (Reuters) – Oil prices rose on Friday, posting a weekly gain on lift from lowered expectations that an agreement on Iran’s nuclear program will result in a rapid return of more Iranian barrels to the market.
Stock buyback zeal undimmed by prospects for Fed rate hike
NEW YORK (Reuters) – The seemingly insatiable appetite of companies for their own stock is unlikely to be satisfied soon, even if the U.S. Federal Reserve begins to hike benchmark interest rates and shares get pricier.
Nissan, BMW recall more than 165,000 vehicles for fuel pump issue
DETROIT (Reuters) – Nissan Motor Co and BMW AG said on Friday they are recalling more than 165,000 vehicles globally due to potential fuel pump failures that could cause an engine to stall or not start.
Exclusive: Canada’s Bombardier looks to raise cash from rail business – sources
LONDON (Reuters) – Bombardier is exploring ways to raise money from its transportation unit, which bankers value at up to $5 billion, as the Canadian group grapples with huge cost overruns in its aircraft business, six sources familiar with the matter …
Ford takes control of Russia joint venture
MOSCOW (Reuters) – U.S. auto maker Ford Motor Co said on Friday it had taken control of its Russian venture with Russian car company Sollers and would provide it with additional financial support.
Copa Airlines to buy Boeing 737s in $6.6 billion deal
(Reuters) – Panama-based Copa Airlines will buy 61 Boeing 737 MAX 8 and MAX 9 jets in a deal worth $6.6 billion, the airline announced on Friday.
U.S. import prices resume downward trend in March
WASHINGTON (Reuters) – U.S. import prices fell in March as rising petroleum costs were offset by declining prices for other goods, a sign of muted inflation that supports the view the Federal Reserve will probably not raise interest rates in June.
Alibaba forms automotive, ‘smart living’ business units
SHANGHAI/BEIJING (Reuters) – China’s Alibaba Group Holding Ltd , the world’s biggest e-commerce company, has formed an automotive unit and a ‘smart living’ division in the past week, the firm said on Friday, as it ramps up its cloud computing, hardware…
Mom sneaks kids to Mickey D’s amid fast-food backlash, won’t tell Dad
LOS ANGELES (Reuters) – Carolin Wood, an artist and graduate student from Brooklyn’s trendy Greenpoint neighborhood, has a secret that she keeps from her husband and some foodie friends. Once a month, she takes her two young children to McDonald’s for …
Exclusive: Bank of Japan’s Nakaso warns market against betting on more easing
TOKYO (Reuters) – Bank of Japan Deputy Governor Hiroshi Nakaso has tempered market expectations that the bank will expand its stimulus program later this month, saying a cut in its inflation forecast would not be enough to justify more monetary easing….
