Category Archives: Business

Oil futures drop for 3rd session on rising crude stocks, oversupply

By Keith Wallis SINGAPORE (Reuters) – Oil futures extended losses into a third session in Asian trade on Wednesday, as U.S. crude stocks last week surged to more than half…

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Yahoo to look at job cuts, alongside spin-off

(Reuters) – Yahoo Inc said on Tuesday it would consider "strategic alternatives" for its core Internet business & cut approximately 15 percent of its workforce, even as it continues with…

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Asian shares fall, safe assets shine as oil retreats

By Hideyuki Sano TOKYO (Reuters) – Asian shares tumbled on Wednesday as oil prices dropped for a third day, prompting investors to seek shelter in safe-haven assets & lifting bonds…

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Boeing 737 MAX jet successfully completes first flight

By Alwyn Scott (Reuters) – Boeing Co's <BA.N> 737 MAX aircraft completed its first flight on Friday, taking off from rain-slick tarmac & conducting tests for approximately three hours before…

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GM pitches new product strategy to skeptical investors

By Joseph White & Paul Lienert DETROIT (Reuters) – General Motors Co <GM.N> executives used to boast approximately how frequently the company redesigned cars & trucks. Now, the automaker wants…

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Berkshire resumes buying Phillips 66 stock

(Reuters) – Berkshire Hathaway Inc , the conglomerate run by Warren Buffett, has resumed its purchases of Phillips 66 stock, & spent roughly $832 million in January to boost its…

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Fed's Williams says sees 'smidgen' slower rate hikes

By Ann Saphir SAN FRANCISCO (Reuters) – The Federal Reserve probably needs to keep U.S. interest rates lower for longer given headwinds from weak global economic growth, a stronger dollar…

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U.S. economy hits soft patch in fourth quarter as inventories, trade weigh

By Lucia Mutikani WASHINGTON (Reuters) – U.S. economic growth braked sharply in the fourth quarter as businesses stepped up efforts to reduce an inventory glut & a strong dollar &…

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U.S. corporations to report best and worst of times

By Rodrigo Campos NEW YORK (Reuters) – Stock market investors who spent January swayed by oil prices, economic weakness in China & central bank speculation may continue to do that…

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EU seeks more powers over national car regulations after VW scandal

By Alissa de Carbonnel BRUSSELS (Reuters) – The European Union sought sweeping powers over national car regulations on Wednesday, aiming to prevent a repeat of Volkswagen's emissions test cheating scandal…

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