Saipem could lose $1.55 billion in 2015 revenue on South Stream
MILAN (Reuters) – Italian oil services firm Saipem may lose 1.25 billion euros ($1.55 billion) in revenue in 2015 due to Russia’s apparent cancellation of the South Stream gas pipeline project, CEO Umberto Vergine told daily Il Sole 24 Ore in an interv…
Brent rebounds above $71 in turbulent oil market
LONDON (Reuters) – Brent rose to $71 a barrel on Wednesday, recovering some of its losses from the previous session as a turbulent market searched for a price floor after a nearly 40 percent fall since June.
GM says November China auto sales up 5.3 percent year-on-year
SHANGHAI (Reuters) – General Motors Co and its Chinese joint ventures sold 310,094 vehicles in China in November, up 5.3 percent from the same month a year earlier, the U.S. automaker said on Wednesday.
U.S. says Takata response to nationwide air bag recall order ‘disappointing’
DETROIT/TOKYO (Reuters) – U.S. auto safety regulators said Takata Corp’s response to an order to expand a recall nationwide was “disappointing”, criticizing the Japanese auto parts supplier for shirking responsibility over its potentially deadly air ba…
Worried about broader fallout, Japan moves to contain air bag crisis
TOKYO (Reuters) – Japan’s auto recall enforcement division, whose 16 members work from a cramped office on the eighth floor of the transport ministry building in Tokyo, only found out about safety issues with Takata Corp air bags in late-2008 – more th…
Growth in China’s services sector quickens in November but outlook still worrying
BEIJING (Reuters) – China’s services sector grew slightly faster in November, two surveys showed on Wednesday, a welcome respite to a run of underwhelming data but still unlikely to allay concerns about the softening Chinese economy.
Target fails to end banks’ lawsuit over data breach
(Reuters) – A federal judge on Tuesday rejected Target Corp’s bid to dismiss a lawsuit by banks seeking to recoup money they spent reimbursing fraudulent charges and issuing new credit and debit cards because of the retailer’s late 2013 data breach.
IBM signs $1.25 billion WPP cloud deal and says more coming
LONDON (Reuters) – IBM is enjoying a wave of major technology outsourcing deals from European customers in the fourth quarter and the new contract signings are not over yet, an executive for the computer services giant said in an interview.
U.S. November auto sales pace best since 2003
DETROIT (Reuters) – The top six automakers sold more cars and trucks in November than analysts expected, with a healthy economy, generous discounts and low fuel prices luring consumers into U.S. showrooms.
Oil retreats after Monday’s rally; stocks gain
NEW YORK (Reuters) – Oil prices resumed their downward path on Tuesday after rallying the previous session, while stocks climbed as investors snapped up beaten-down energy shares.
