Shell’s Washington rail project faces lengthy delay
HOUSTON (Reuters) – Royal Dutch Shell’s proposed crude-by-rail project in Washington state has been put on hold pending environmental review, just days after a pair of oil train derailments caused huge fires in Canada and West Virginia.
BP appeals U.S. judge’s ruling on size of Gulf oil spill
NEW ORLEANS (Reuters) – BP Plc on Monday appealed a federal judge’s finding of the size of the 2010 Gulf of Mexico oil spill, which leaves the company potentially liable to pay $13.7 billion in fines.
Oil falls 2 percent on glut worries; heating oil up on tight supply
NEW YORK (Reuters) – Crude oil futures fell more than 2 percent on Monday as investors worried about oversupply and a strong dollar, but heating oil futures jumped 5 percent due to operational problems at major U.S. refineries.
Nasdaq ends up 9th session; S&P 500, Dow dip with energy
NEW YORK (Reuters) – The Nasdaq ended higher on Monday for a ninth straight day following gains in Apple , while the Dow and S&P 500 eased off recent record highs as lower oil prices dragged down energy shares.
Greece delays sending reforms to euro zone till Tuesday
ATHENS (Reuters) – Greece will present its economic reform plans to the euro zone on Tuesday, a government official said, missing a Monday deadline for the list which is a condition for extending the country’s financial lifeline.
Google partners with wireless carriers to push Wallet service
SAN FRANCISCO (Reuters) – Google Inc has partnered with several large U.S. wireless carriers to pre-install its electronic payment service on phones, as the companies seek to counter Apple Inc’s recent entry into the nascent market for mobile payments….
Canada’s Valeant to buy Salix in $10.1 billion deal
NEW YORK (Reuters) – Canada’s Valeant Pharmaceuticals International Inc agreed to acquire gastrointestinal drugmaker Salix Pharmaceuticals Ltd in an all-cash deal valued at about $10.1 billion, the two companies said on Sunday.
Cuban cigar maker eyes 25-30 percent of U.S. market if embargo lifted
HAVANA (Reuters) – Cuban cigar-maker Habanos S.A. envisions gaining 25 percent to 30 percent of the U.S. premium cigar market if the United States lifts its trade embargo on Cuba, potentially selling 70 million to 90 million cigars per year, the compan…
West Coast ports delays could swamp companies for two months
(Reuters) – Congestion at the U.S. West Coast ports could take as much as two months to unwind, according to port and trade group officials, with retailers and other companies bracing for further shipment delays after the apparent resolution of a month…
HSBC says Swiss scandal has brought ‘shame’ on bank
LONDON (Reuters) – HSBC reported a 17 percent fall in annual pretax profit and cut its profitability target, saying allegations its Swiss business had helped customers to dodge taxes had brought shame on the bank.
