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Oil prices edge away from two-month low, but market outlook stays weak

November 12, 2015 by · Leave a Comment 

By Henning Gloystein SINGAPORE (Reuters) – Crude oil prices edged away from over two-month lows in early Thursday trading, after a sharp slide on concerns the market would take much longer than many anticipated to rebalance as supplies far outstrip demand. Internationally traded Brent crude futures were at $46.18 a barrel, up 37 cents following a 3.4-percent fall the previous day. “Rising U.S. inventories continue to remain a major theme driving crude oil prices … Iraq is also increasing pressure on U.S. shale producers.

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Oil prices edge away from two-month low, but market outlook stays weak

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Blackstone to take minority stake in NCR Corp: source

November 12, 2015 by · Leave a Comment 

(Reuters) – Blackstone Group LP has agreed to invest more than $800 million in NCR Corp that will give it the equivalent of more than a 15 percent stake in the automated teller machines maker, a source familiar with the matter said on Wednesday. Duluth, Georgia-based NCR plans to announce details of the deal with Blackstone, the world's largest private equity firm, by Thursday, the source said, asking not to be identified ahead of any official announcement. Blackstone declined to comment, while NCR did not respond …

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Blackstone to take minority stake in NCR Corp: source