Wall Street up for third day, led by energy shares
NEW YORK (Reuters) – U.S. stocks extended gains for a third session on Friday, giving the S&P 500 its best weekly performance in nearly two months as energy shares continued to rebound.
Oil, stocks go their separate ways
NEW YORK (Reuters) – Investors have wrung their hands over the last several weeks over the effect of lower oil prices on the broader S&P 500, but the relationship between the two is actually starting to break down.
Obama vows U.S. response to North Korea over Sony cyber attack
WASHINGTON (Reuters) – President Barack Obama vowed on Friday to respond to a devastating cyber attack on Sony Pictures that he blamed on North Korea, and scolded the Hollywood studio for caving in to what he described as a foreign dictator imposing ce…
Boeing on target for 787 deliveries, though costs are a concern
SEATTLE (Reuters) – Boeing Co has more than enough 787 Dreamliners in the production pipeline to meet its year-end delivery target of 110 aircraft, despite concerns a shortage of seats could cause the world’s biggest aircraft maker to miss its target, …
Former Chrysler Group expands Takata driver-side air bag recall globally
DETROIT (Reuters) – FCA US , the former Chrysler Group, on Friday expanded a U.S. regional recall of older cars with potentially defective driver-side Takata air bags to a global action, affecting more than 3.3 million vehicles.
Exclusive: GM develops contingency plans in case Takata recalls widen
DETROIT (Reuters) – General Motors Co has developed contingency plans in case recalls of potentially lethal Takata-made air bag inflators widens, forcing the U.S. automaker to repair millions of vehicles, the company said on Friday.
U.S. labor agency files complaints against McDonald’s
(Reuters) – McDonald’s Corp and some of its franchisees were named jointly in complaints filed on Friday by the U.S. National Labor Relations Board’s Office of the General Counsel, accusing them of labor violations in a widely anticipated move that cou…
Oil surges 5 percent as bears take profits, seeing $60 floor
NEW YORK (Reuters) – Oil closed up as much as 5 percent on Friday, its biggest gain in over two years, as some traders took profits on short positions after prices this week hit their lowest since 2009.
Wall Street up for third day, led by energy shares
NEW YORK (Reuters) – U.S. stocks extended gains for a third session on Friday, giving the S&P 500 its best weekly performance in nearly two months as energy shares continued to rebound.
EU widens trade row with new Boeing subsidy claim
GENEVA (Reuters) – The European Union opened a new front in a decade-old dispute over aircraft subsidies on Friday, launching a complaint at the World Trade Organization alleging illegal tax breaks in Boeing’s home state of Washington.
