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U.S. refiners face severe labor shortage for deferred maintenance

December 29, 2016 by · Leave a Comment 

(Reuters) – After years of running flat out, U.S. Gulf Coast refiners are lining up repairs to plants in 2017 – but facing a severe labor shortage that could delay work, drive up costs and raise accident risks.

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U.S. refiners face severe labor shortage for deferred maintenance

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Sprint, OneWeb say 8,000 jobs announced by Trump are part of SoftBank pledge

December 29, 2016 by · Leave a Comment 

By Richard Cowan PALM BEACH, Fla. (Reuters) – U.S. President-elect Donald Trump on Wednesday said telecommunications group Sprint Corp and a U.S. satellite company OneWeb will bring 8,000 jobs to the United States, and the companies said the positions were part of a previously disclosed pledge by Japan's SoftBank Group Corp. SoftBank holds stakes in both companies and its chief, billionaire…

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Sprint, OneWeb say 8,000 jobs announced by Trump are part of SoftBank pledge

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Seven $1 billion-plus drugs seen reaching market in 2016

February 3, 2016 by · Leave a Comment 

Drug companies are likely to launch seven “blockbuster” drugs in 2016, each with $1 billion-plus annual sales potential, led by new treatments for liver disease and HIV, according to a Thomson Reuters analysis. The assessment means the pharmaceuticals industry is on track for another productive year, although not as good as 2015, which saw the arrival of 11 new blockbusters. The two top …

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Seven $1 billion-plus drugs seen reaching market in 2016

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Ford Europe cuts jobs to achieve $200 million cost savings

February 3, 2016 by · Leave a Comment 

Ford plans to shed hundreds of white-collar jobs in Europe to cut costs by $200 million annually and is taking additional steps to revamp its lineup as it targets durable profitability in the region, the carmaker said on Wednesday. The U.S. automaker turned a full-year profit of $259 million in Europe in 2015 for the first time

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Ford Europe cuts jobs to achieve $200 million cost savings

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Yahoo to look at strategic alternatives, cut jobs as it pursues spin-off

February 3, 2016 by · Leave a Comment 

Yahoo Inc said on Tuesday it would consider “strategic alternatives” for its core Internet business and cut about 15 percent of its workforce, even as it continues with its plan to revamp the business and spin it off. The announcement is the strongest sign yet that the board and Chief Executive Marissa Mayer may be willing to…

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Yahoo to look at strategic alternatives, cut jobs as it pursues spin-off

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Oil lifts stocks off lows, yen and low-risk debt in favor

February 3, 2016 by · Leave a Comment 

LONDON (Reuters) – Glimmers of recovery in oil prices on Wednesday lifted European stock markets off their lows and dimmed the allure of the Japanese yen, gold and ultra-low-risk government debt.

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Oil lifts stocks off lows, yen and low-risk debt in favor

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China seeks food security with $43 billion bid for Syngenta

February 3, 2016 by · Leave a Comment 

By Ludwig Burger BASEL, Switzerland (Reuters) – China made its boldest overseas takeover move yet when state-owned ChemChina agreed a $43 billion bid for Swiss seeds and pesticides group Syngenta on Wednesday. The largest ever foreign purchase by a Chinese firm, announced by both companies, will accelerate a shake-up in global agrochemicals and marks a setback for U.S. firm Monsanto, which failed to buy Syngenta last year. …

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China seeks food security with $43 billion bid for Syngenta