Oil-driven Asian bond rally could boomerang
SINGAPORE (Reuters) – Plunging oil prices have sparked a big rally in Asian government bond markets as lower fuel costs cut inflation expectations, but the rally could be built on shallow foundations as monetary policymakers remain out of step with tum…
General Motors plans fresh move into electric car market: report
WASHINGTON (Reuters) – General Motors Co plans to offer a new electric vehicle with a style and price-point that can compete with the forthcoming Tesla Model 3 car due out in two years, the Wall Street Journal reported on Friday.
U.S. payrolls rise solidly, but weak wages dim limelight
WASHINGTON (Reuters) – U.S. job growth increased briskly in December, but wages posted their biggest decline in at least eight years in a sign the tightening labor market has yet to give much of a boost to workers.
Cheap gas, holiday sales could fuel retailer shares
NEW YORK (Reuters) – Investors hope the lower gasoline cost is putting more money in consumers’ wallets for spending on apparel and other retail goods. The next two weeks will indicate whether that’s happening.
Victims of Quebec oil-by-rail disaster agree to $200 million settlement
(Reuters) – Victims of the Lac-Megantic oil-by-rail disaster that killed 47 people in the Canadian province of Quebec in 2013 agreed to a nearly $200 million settlement with some of the firms involved, including the insolvent rail operator at the cente…
United Airlines dumps losing hedges, mulls new ones for long term
(Reuters) – United Airlines has paid a premium to dump old losing bets on higher oil prices, and is reviewing its strategy for insulating itself from oil market volatility, in a sign of how some airlines’ efforts to hedge their fuel costs have backfire…
Victims of Quebec oil-by-rail disaster agree to $200 million settlement
(Reuters) – Victims of the Lac-Megantic oil-by-rail disaster that killed 47 people in the Canadian province of Quebec in 2013 agreed to a nearly $200 million settlement from Montreal Maine and Atlantic Canada Co and its U.S.-based parent company, a law…
Starbucks moves Tazo tea out of its shops
LOS ANGELES (Reuters) – Starbucks Corp this week began selling its Tazo tea products exclusively in non-Starbucks retailers, a company spokeswoman said on Friday.
20 states join U.S. antitrust probe of Family Dollar merger
WASHINGTON (Reuters) – Some 20 state attorneys general have joined the federal antitrust investigation of competing bids by Dollar General Corp and Dollar Tree Inc to buy Family Dollar Stores Inc , a development that potentially complicates the compani…
Cargill to shutter Missouri plant, move work to Nebraska, Texas
CHICAGO (Reuters) – Agricultural conglomerate Cargill Inc said on Friday it will shutter its turkey and cooked meats processing plant in Springfield, Mo., and move the operations to Nebraska City, Nebraska, and Waco, Texas.
