U.S. workers strike for second day at nine refineries; one to shut
HOUSTON (Reuters) – Union workers were on strike for a second day on Monday at nine U.S. refineries and chemical plants as they sought a new national contract with oil companies covering laborers at 63 plants.
Obama proposes $3.99 trillion budget, draws scorn from Republicans
WASHINGTON (Reuters) – President Barack Obama on Monday proposed a $3.99 trillion budget that drew scorn from Republicans and set up battles over tax reform, infrastructure spending, and the quest to prove which party best represents the middle class.
Exxon fourth-quarter profit tops estimate, share buyback slashed in half
(Reuters) – Exxon Mobil Corp said on Monday its quarterly profit fell 21 percent as weak oil prices took a toll, but results topped Wall Street expectations due to a tax adjustment and higher earnings from its chemicals business.
U.S. real estate ETF rally faces test with rate rise
NEW YORK (Reuters) – Investors who have been piling into real estate exchange-traded funds over the past year could be in for a rocky ride if the Federal Reserve raises interest rates later this year as expected.
Founder of yogawear chain Lululemon steps down from board
(Reuters) – Lululemon Athletica Inc founder Chip Wilson, a sometimes controversial figure who helped build the Canadian yogawear retailer into an international success story, said on Monday he was resigning from the company’s board.
Alibaba’s Ma says IPO of Ant Financial unlikely in 2015
HONG KONG (Reuters) – Jack Ma, chairman of Chinese e-commerce giant Alibaba Group Holding , said on Monday he hoped the company’s financial affiliate would list in Asia at some point, but that no decision on the timing or location had been made.
U.S. manufacturing growth holds steady in January: Markit
Feb 2 (Reuters) – The U.S. manufacturing sector expanded in January at roughly the same pace as in December, holding at the slowest rate of expansion in a year’s time, according to an industry report released Monday.
Deaths linked to defective GM switch expected to rise: fund official
DETROIT (Reuters) – The number of eligible claims for deaths and injuries linked to the defective General Motors Co ignition switch that led to the recall of 2.6 million older cars should rise, an official responsible for administering the victim compe…
Sysco says would sell 11 U.S. Foods centers to win deal approval
(Reuters) – Food distributor Sysco Corp said it would sell 11 distribution centers run by takeover target US Foods Inc [USFOO.UL] to Performance Food Group to satisfy antitrust concerns.Sysco’s $3.5 billion offer for US Foods is awaiting approval from …
GM ignition compensation gets 4,180 claims ahead of deadline: WSJ
(Reuters) – General Motors Co has received a further 1,112 claims for compensation related to ignition defects that led to deaths and injuries, taking the total to 4,180 up to the Jan. 31 deadline for claim submissions, the Wall Street Journal said on …
