Removing U.S. oil ban would create jobs beyond drilling: report
WASHINGTON (Reuters) – Lifting a 40-year-old U.S. ban on crude exports would create a wide range of jobs in the oil drilling supply chain and broader economy even in states that produce little or no oil, according to a report released on Tuesday.
Hyundai Motor mulls producing pick-up trucks: executive
SEOUL (Reuters) – Hyundai Motor Co is considering producing pick-up trucks, an executive told reporters on Tuesday, saying its Santa Cruz crossover truck concept got “good response” at the Detroit auto show in January.
China February FDI up 0.9 percent year on year, outbound flows leap 68 percent
BEIJING (Reuters) – China drew $8.56 billion in foreign direct investment (FDI) in February, up 0.9 percent from a year earlier, while outbound Chinese investment excluding the financial sector surged by 68.2 percent to $7.25 billion, the Commerce Mini…
HK’s Hutchison shares halted pending court hearing on reorganization
HONG KONG (Reuters) – Hutchison Whampoa Ltd , the ports-to-telecoms group of Asia’s richest man Li Ka-shing, requested a trading halt on its shares pending a court ruling on a proposed reorganization with Cheung Kong Holdings Ltd .
Valeant trumps Endo with $10.96 billion bid for Salix Pharma
(Reuters) – Valeant Pharmaceuticals International Inc increased its offer for Salix Pharmaceuticals Inc to $10.96 billion in cash on Monday, eclipsing Endo International Plc , the only other bidder.
Pinterest’s latest funding round values it at $11 billion: WSJ
(Reuters) – Photo-sharing application company Pinterest has raised $367 million in its latest round of funding, according to a filing with the Securities and Exchange Commission on Monday.
Uber CFO Brent Callinicos steps down
(Reuters) – Uber Technologies Inc’s Chief Financial Officer Brent Callinicos is stepping down, the online taxi service’s CEO said in an email to investors.
Wall St. bounces as dollar drops, Fed worries ease
(Reuters) – U.S. stocks rallied on Monday as the U.S. dollar eased back from its recent peak and worries eased about the timing of a Federal Reserve interest rate hike.
Brazil ruling party’s treasurer charged in Petrobras scandal
BRASILIA/SAO PAULO (Reuters) – Brazilian prosecutors formally charged the treasurer of the ruling Workers’ Party and 26 others with corruption linked to state-run Petrobras on Monday, in the latest blow to President Dilma Rousseff from the widening sca…
Boeing’s largest union seeks vote to organize South Carolina workers
SEATTLE (Reuters) – Boeing Co’s largest union on Monday filed for a vote to unionize 2,400 workers at the company’s airplane factory in South Carolina, setting the stage for a clash between the two sides in the strongly anti-union state.
