Shell and union to talk on day four of U.S. refineries strike
HOUSTON (Reuters) – Negotiations will resume on Wednesday between Royal Dutch Shell Plc and union leaders as they haggle over a new wage contract for striking U.S. refinery workers, the company said.
Whirlpool could take $1 billion revenue hit from strong dollar: CEO
CHICAGO (Reuters) – If the U.S. dollar stays at current levels, Whirlpool Corp’s revenue could take a hit of up $1 billion in 2015, but the world’s largest appliance maker expects to protect its profits, Chief Executive Officer Jeff Fettig told Reuters…
Exclusive: Shareholders may get more cash back later in 2015 – GM CFO
DETROIT (Reuters) – General Motors Co will consider returning more cash to shareholders later this year, on top of a planned 20-percent dividend increase announced Wednesday, the company’s chief financial officer told Reuters.
Petrobras management quits, race on to find replacements
RIO DE JANEIRO (Reuters) – The chief executive and other senior management at Brazil’s Petrobras resigned on Wednesday amid a festering corruption scandal, setting off a scramble to find replacements capable of restoring investor confidence in the stat…
HDFC Bank launches U.S. and Indian share offers to raise up to $1.6 billion
MUMBAI (Reuters) – HDFC Bank Ltd , India’s largest lender by market value, launched a share offer in the United States and India on Wednesday to raise up to $1.6 billion.
Sony trims loss forecast after strong third quarter on higher sensor sales
TOKYO (Reuters) – Japan’s Sony Corp said its net annual loss will likely be smaller than previously forecast after cost cuts and strong sales of its image sensors and PlayStation video game consoles helped its third-quarter profit beat estimates.
GM reports higher-than-expected profit despite recall costs
DETROIT (Reuters) – General Motors Co on Wednesday posted fourth-quarter earnings far above analysts’ expectations as strong sales of high-margin SUVs and trucks in North America helped offset record recall costs there, and its shares rose 3 percent.
Diverging earnings forecasts signal bumpier road ahead for stocks
LONDON (Reuters) – Waves of cheap money from central banks have shielded stocks from the volatility besetting currency and commodity markets, but increasing disparities in company earnings forecasts suggest that could soon change.
U.S. service sector activity edges up in January
NEW YORK (Reuters) – A gauge of growth in the U.S. services sector was stronger than expected in January, though it remained near six-month lows as an index on employment declined sharply.
U.S. services sector growth accelerates in January but new business at record low – Markit
NEW YORK (Reuters) – Growth in the U.S. services sector rebounded modestly in January, though companies reported the weakest level of new business growth in more than five years, an industry report showed on Wednesday.
