Wall St. ends down on Greece, China worries
NEW YORK (Reuters) – U.S. stocks fell on Monday as investors worried about Greek debt negotiations and disappointing Chinese economic data on top of uncertainty about U.S. interest rates.
Oil rallies for third day after OPEC sees greater crude demand
NEW YORK (Reuters) – Oil jumped for a third straight session on Monday as OPEC forecast greater demand for crude this year than previously thought and projected less supply from countries outside the producer group.
New Petrobras CEO must walk political, accounting mine field
RIO DE JANEIRO (Reuters) – By picking a banker instead of an oil executive to run Petrobras, Brazilian President Dilma Rousseff appears to have recognized that the state-run company’s biggest priority is to clean up its books and acknowledge how many b…
Union and Shell to resume talks Tuesday over U.S. refinery pact
HOUSTON (Reuters) – Royal Dutch Shell Plc and the United Steelworkers union (USW) will resume negotiations on Tuesday over a new labor contract for U.S. refinery workers, the company said on Monday as the walkouts stretched into their ninth day.
Exclusive: SandRidge cutting rig count by almost 75 percent – document
HOUSTON (Reuters) – U.S. oil and gas producer SandRidge Energy Inc plans to slash its rig count in Oklahoma and Kansas by nearly 75 percent, according to a document obtained by Reuters.
RadioShack gets court approval for interim bankruptcy loan
WILMINGTON, Delaware (Reuters) – Bankrupt electronics retailer RadioShack Corp got court approval on Monday to borrow $10 million to support its operations until it opens the bidding this month for its best-performing stores.
U.S. considering reopening 2012 HSBC deferred prosecution deal: source
WASHINGTON (Reuters) – HSBC Holdings plc could see its 2012 deferred prosecution deal with U.S. authorities over anti-money laundering lapses reopened as a result of separate, ongoing probes into the bank’s alleged role in manipulating currency rates a…
Exclusive: SandRidge cutting rig count by 75 percent -document
HOUSTON (Reuters) – SandRidge Energy Inc , a U.S. oil and gas producer, plans to slash its rig count in Oklahoma and Kansas by about 75 percent to eight rigs, according to a document obtained by Reuters.
Euro zone, Greece face off as markets take fright
ATHENS/ISTANBUL (Reuters) – Greece and its euro zone partners engaged in brinkmanship on Monday, with leftist Prime Minister Alexis Tsipras insisting his country would not extend its reform-linked bailout and Germany saying it would get no more money w…
Payout to Madoff victims tops $7.2 billion
NEW YORK (Reuters) – The trustee liquidating Bernard Madoff’s firm on Monday said he is distributing another $355.8 million to the swindler’s victims, bringing the total payout to more than $7.2 billion.
