OPEC says low oil prices may hit U.S. output by late 2015
LONDON (Reuters) – U.S. oil output could start to take a hit by late 2015 due to low prices, OPEC said on Monday, suggesting the exporter group will have to wait beyond its next meeting in June to see if its strategy to defend market share will dent th…
McDonald’s workers claim hazardous conditions in 19 U.S. cities
(Reuters) – McDonald’s Corp restaurant workers from 19 U.S. cities complained to regulators on Monday that their working conditions are hazardous and have led to severe burns from hot grills and fryer oil.
Valeant trumps Endo with $10.96 billion bid for Salix Pharma
(Reuters) – Valeant Pharmaceuticals International Inc increased its takeover offer for Salix Pharmaceuticals Inc to $10.96 billion in cash on Monday, eliminating Endo International Plc , the only other bidder for the maker of gastrointestinal drugs.
As support wanes, U.S. oil prices resume sprint lower
NEW YORK (Reuters) – A four-day drop in U.S. oil prices has shattered a month of relative stability and raised the specter of another sustained move lower as rocketing production and swelling inventories re-emerge as dominant market forces.
U.S. airline passengers forecast to grow 50 percent by 2035: report
(Reuters) – The number of travelers flying on U.S. airlines is expected to grow by about 50 percent in the next two decades, according to a report by the U.S. Federal Aviation Administration.
P&G mulls sale, IPO of some beauty products in one deal: Bloomberg
(Reuters) – Procter & Gamble Co is exploring a sale or initial public offering of some of its beauty brands in a single deal, Bloomberg reported, citing people with knowledge of the matter.
GE’s Immelt touts value of conglomerate’s scale to investors
(Reuters) – General Electric Co Chief Executive Officer Jeff Immelt is sticking by his company’s model for housing diverse businesses under one roof at a time when other U.S. conglomerates are looking at hiving off units to please investors.
U.S. warns banks it may revoke some money-laundering settlements
HOLLYWOOD, Fla. (Reuters) – Some banks that have non-prosecution agreements over failures to police transactions for criminal activity could see those deals withdrawn and be forced to plead guilty, a U.S. Justice Department official said on Monday.
Holcim calls a halt to Lafarge deal to revisit terms
PARIS/ZURICH (Reuters) – Switzerland’s Holcim called a halt on Monday to its merger with Lafarge , pressing the French company to renegotiate the deal terms and putting their plan to create the world’s biggest cement maker at risk.
Zara-owner Inditex has the edge in online battle with H&M
MADRID/STOCKHOLM/BERLIN (Reuters) – The families behind Zara-owner Inditex and H&M will need to fend off fast-moving competitors if they are to replicate online the winning formulae that made them the world’s top two fashion retailers.
