Oil gains as optimism grows economic impact of coronavirus outbreak may be brief
Oil prices gained 1% on Wednesday, with Brent rising a seventh straight day, amid broad optimism as new coronavirus cases fell for a second day in China and concerns rose over supply after a U.S. move to cut more Venezuelan crude from the market.
Uber closing office in downtown Los Angeles
Uber Technologies Inc is closing its office in downtown Los Angeles, where the ride-hailing company employs customer support staff, to focus on its bigger locations.
Uber says it is closing office in downtown Los Angeles
Uber Technologies Inc said late on Tuesday that it was closing its office in downtown Los Angeles, where the ride-hailing company had employed customer support staff.
Hormel joins Tyson Foods, JBS in removing drug banned by China from hog supply
Spam-maker Hormel Foods Corp is eliminating a growth drug banned by China from its hog supply, the company said on Tuesday, joining rivals that are seeking to increase meat sales to Chinese buyers grappling with a pork shortage.
Asian shares nudge up as virus spread slows, euro fragile
Asian shares and U.S. stock futures edged cautiously higher on Wednesday, as investors tried to shake off worries about the coronavirus epidemic after a slight decline in the number of new cases.
Oil inches higher, but gains capped by widening economic impact of coronavirus outbreak
Oil prices were slightly higher on Wednesday with gains limited by the widening economic impact from the coronavirus epidemic that started in China, although new confirmed cases fell for a second day in the province at the center of the outbreak.
Asian shares inch higher, euro teeters on weak economic outlook
Asian shares and U.S. stock futures edged cautiously higher on Wednesday as investors tried to shake off worries about the coronavirus epidemic following a slight decline in the number of new cases.
Boeing finds debris in 737 MAX jetliners: company memo
Boeing Co found debris that could pose potential safety risks in the fuel tanks of several 737 MAX aircraft that are in storage and waiting to be delivered to airlines, according to an internal memo seen by Reuters on Tuesday.
Trump blasts proposed U.S. restrictions on sale of jet parts to China
President Donald Trump objected on Tuesday to U.S. proposals that would prevent companies from supplying jet engines and other components to China’s aviation industry and suggested he had instructed his administration not to implement them.
U.S. judge rejects Huawei challenge to federal law restricting its business
A federal judge in Texas on Tuesday rejected Chinese telecommunications equipment maker Huawei Technologies Co Ltd’s constitutional challenge to a U.S. law that restricted its ability to do business with federal agencies and their contractors.
