Samsung Display to invest $3.6 billion in new OLED production line
SEOUL (Reuters) – South Korea’s Samsung Display plans to invest 4 trillion won ($3.6 billion) into making organic light-emitting diode (OLED) panels as its parent Samsung Electronics Co Ltd looks to boost components sales to offset weaker smartphone ea…
Apple in big solar power deal, market cap closes over $700 billion
SAN FRANCISCO (Reuters) – Apple Inc will buy about $850 million of power from a new California solar farm to cut its energy bill, the iPhone maker said on Tuesday as its stock market value closed above $700 billion for the first time.
Greek PM easily wins confidence vote, EU showdown looms
ATHENS/BRUSSELS (Reuters) – Greek Prime Minister Alexis Tsipras comfortably won a confidence vote on his plan to cancel a deeply unpopular bailout program and challenge European leaders as both sides prepare for a showdown at meetings in Brussels this …
Union and Shell talk at length over U.S. refinery pact
HOUSTON (Reuters) – Royal Dutch Shell Plc and the United Steelworkers union (USW) negotiated for hours on Tuesday over a new labor contract for U.S. refinery workers, the company said on day 10 of the biggest refinery walkout since 1980.
Petrobras CEO Bendine says has ‘full autonomy’ to run ailing company
SAO PAULO/BRASILIA (Reuters) – The incoming chief executive officer of state-run oil firm Petroleo Brasileiro SA, Aldemir Bendine, said on Tuesday that the company’s board gave him full autonomy to dictate its own pricing policy and protect cash.
Western Union to cut prices for money transfers within U.S.
(Reuters) – Western Union Co said it would cut prices for money transfers within the United States to help fend off fierce competition and would buy back up to $1.2 billion of shares.
GM investor seeks board seat, $8 billion stock buyback
DETROIT (Reuters) – Chief Executive Mary Barra’s plan to keep a big cash cushion for General Motors Co is under attack from a group of shareholders led by a member of the auto task force that helped restructure the company during its 2009 bankruptcy.
GM management too slow, vague: investor Wilson
DETROIT (Reuters) – General Motors Co’s management has been too slow to make changes that would improve profitability and too vague in setting near-term milestones for performance, the leader of an investor group seeking a seat on the board said on Tue…
Oil drops sharply as IEA expects inventories to rise
NEW YORK (Reuters) – Crude oil prices fell for the first time in four sessions on Tuesday after the International Energy Agency (IEA) warned that ample supplies will raise global inventories before investment cuts begin to significantly dent production…
Wall St. rises on Greek deal hopes; Apple hits record
NEW YORK (Reuters) – U.S. stocks rose on Tuesday on hopes that Greek debt negotiations could result in a deal that stabilizes Europe, while Apple helped lift the S&P 500 and Nasdaq as it became the first U.S. company worth more than $700 billion.
