Exclusive: BNSF to take bids to buy up to 5,000 safer oil railcars
HOUSTON/NEW YORK (Reuters) – BNSF Railway Co plans to buy its own fleet of up to 5,000 new crude oil tank cars with safety features that exceed the latest industry standards, the company, a unit of investor Warren Buffett’s Berkshire Hathaway Inc, said…
Austria’s Hypo at a crossroads
VIENNA/FRANKFURT (Reuters) – The fate of Austria’s nationalized lender Hypo Alpe Adria could be a harsh reality check for banks and investors across Europe.
Wal-Mart forecast disappoints as grocery business struggles
(Reuters) – The struggles of the low-income U.S. consumer are playing out in Wal-Mart Stores Inc’s grocery aisles.
TransCanada weighs next steps after U.S. court’s Keystone ruling
TORONTO (Reuters) – TransCanada Corp said on Thursday it is considering how to proceed with its Keystone XL pipeline, a day after a court overruled the Nebraska governor’s decision to allow the controversial line to pass through the Midwestern state.
Puma seeks to source goods closer to Western consumers
HERZOGENAURACH, Germany (Reuters) – German sportswear firm Puma SE is looking to produce more goods closer to customers in Europe and the Americas, but will not abandon Asia in the next few years despite rising labor costs and political unrest, its chi…
BAE warns U.S. defense spending cuts to hit earnings this year
LONDON (Reuters) – Europe’s biggest defense contractor BAE Systems warned on Thursday it expected earnings this year to drop by up to 10 percent as a result of U.S. spending cuts, with conditions still difficult despite a recent budget deal in Congress…
BlackBerry shares set to jump on Facebook’s WhatsApp bid
TORONTO (Reuters) – Facebook Inc’s $19 billion bid for fast-growing mobile-messaging startup WhatsApp sent shares of BlackBerry Ltd higher before the opening bell on Thursday as investors placed bets that the smartphone maker’s own messaging platform h…
Exclusive: BNSF taking bids to buy up to 5,000 safer oil railcars
HOUSTON (Reuters) – BNSF Railway Co aims to buy its own fleet of up to 5,000 new crude oil tank cars with safety features that exceed the latest standards adopted by the industry more than two years ago, the company confirmed on Thursday.
Factory activity growth hits nearly four-year high in February: Markit
NEW YORK (Reuters) – U.S. manufacturing activity accelerated in February at its fastest pace in nearly four years due in part to growth in new orders, an industry report showed on Thursday.
Consumer prices rise marginally
WASHINGTON (Reuters) – Consumer prices rose in January as unseasonably cold weather boosted demand for electricity and heating fuel, but inflation pressures remained muted.
