Ford adding 1,550 jobs for F-150 production, promotes UAW workers
DETROIT (Reuters) – Ford Motor Co said on Wednesday it is adding 1,550 workers at four plants to build the new aluminum body F-150 pickup truck.
Oil jumps as dollar dives, crude up 19 percent in four days
NEW YORK (Reuters) – Oil prices ended up again on Tuesday as a tumbling dollar sent most commodities rallying, bringing crude’s four-day rise to about 19 percent, its biggest such advance since January 2009.
Tough talk from Shell, union as U.S. refinery pay talks resume
HOUSTON (Reuters) – Negotiations made no progress on Tuesday as Royal Dutch Shell Plc and union leaders haggled over a new wage contract for U.S. refinery workers who have been on strike for three days, the union said.
Toyota ordered to pay $11 million in U.S. trial over fatal crash
(Reuters) – A U.S. jury on Tuesday ordered Toyota Motor Corp to pay nearly $11 million after finding that an accelerator defect in a 1996 Camry was at fault for a 2006 fatal car crash in Minnesota.
Yahoo to spin off Small Business unit with Alibaba stake
(Reuters) – Yahoo has decided to spin off its Small Business unit as part of the spinoff of its stake in Alibaba Group Holding Ltd.
Brazil’s Rousseff replacing Petrobras CEO – source
BRASILIA (Reuters) – Brazilian President Dilma Rousseff will replace the chief executive and other senior managers at state-run oil company Petrobras this month in an effort to turn the page on a widening corruption scandal, a government source said on…
Exclusive: Rosneft raising money from Swiss trader as debt payment looms
LONDON (Reuters) – Rosneft is raising money from Swiss trader Trafigura days before it must repay a $7 billion debt and squeezed by sanctions, industry sources said, seeking new options after a foray into the bond market fueled a devaluation of the rou…
J M Smucker to buy Meow Mix owner in pet food push
(Reuters) – J M Smucker Co has agreed to buy Big Heart Pet Brands for $3.2 billion, snapping up the popular Meow Mix and Milk-Bone brands in its first venture into the fast-growing U.S. pet food market.
U.S. regulators mull legal action against BP on rules violations: company
(Reuters) – U.S. regulators are considering naming BP PLC and its entities in an enforcement action alleging the British oil major violated anti-fraud and reporting rules while using Canadian oil pipelines, BP said in its quarterly results statement on…
Oil and stocks jump in setback for dollar, bonds
SYDNEY (Reuters) – Oil prices were holding hefty gains in Asia on Wednesday having rallied 19 percent in just four sessions, while the U.S. dollar nursed big losses as a revival in risk appetite swept through crowded trading positions.
