Wall St. ends down in volatile day; materials a drag
NEW YORK (Reuters) – U.S. stocks ended down slightly in a volatile session on Tuesday, led by a drop in materials and energy shares following further weakness in commodity prices.
Airbus to juggle jet production, defends poor-selling A380
TOULOUSE, France (Reuters) – Airbus edged closer toward raising production of its best-selling model on Tuesday, declaring the supply chain stable and hinting at a decision to produce more of its A320 cash cow in coming months.
Exclusive: Shell says has U.S. government okay to export lightly processed oil
HOUSTON (Reuters) – Royal Dutch Shell has received U.S. government approval to export a very light form of domestic crude oil that has undergone minimal processing, the company said on Tuesday.
Oil near six-year low; Brent trades at par to U.S. crude
NEW YORK (Reuters) – Oil tumbled 5 percent to near six-year lows before recovering ground on Tuesday, and Brent briefly traded at par to U.S. crude for the first time in three months as some traders moved to take advantage of ample storage space in the…
Air France-KLM says too early to detail cost cut plans
PARIS (Reuters) – Air France-KLM SA said on Tuesday it was too early to detail further belt-tightening actions to cope with a tough economic climate as it denied a Le Figaro newspaper report that it planned around 5,000 job cuts.
U.S. insurer MetLife to sue regulators over high-risk tag
WASHINGTON (Reuters) – MetLife Inc on Tuesday sued U.S. regulators over a decision to subject the insurer to tougher oversight because it harbors enough risk to endanger the financial system if the next crisis hits.
After losing GM business, Ally looks to other automakers to grow
NEW YORK (Reuters) – Ally Financial Inc will overcome General Motors Co’s decision to stop using the lender for discounted leases on new cars by expanding business with dealers for other automakers, a spokeswoman said late Monday.
Exclusive: Tradeworx founder Narang leaves high-frequency firm
NEW YORK (Reuters) – Manoj Narang, an outspoken proponent of high-frequency trading and one of the industry’s few visible faces, is leaving Tradeworx, a firm he founded in 1999 that only became active in high-speed trading during the financial crisis i…
U.S. small business confidence at eight-year high; job openings rise
WASHINGTON (Reuters) – U.S. small business optimism jumped in December to its highest level in more than eight years, the latest sign of strength in the economy even as dark clouds settle over global growth.
Automakers cater to America’s renewed love affair with trucks
(Reuters) – While General Motors Co’s Chevrolet on Monday pulled the wraps off a tiny, environmentally friendly electric car called the Bolt, rival Ford Motor Co was showing off a 400-plus-horsepower pickup truck better suited to burning rubber than ha…
