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Saudi oil minister to face rival U.S. producers as price rout bites

February 21, 2016 by · Leave a Comment 

This week, Saudi Oil Minister Ali Al-Naimi will for the first time face the victims of his decision to keep oil pumps flowing despite a global glut: U.S. shale oil producers struggling …

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Saudi oil minister to face rival U.S. producers as price rout bites

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Volvo Cars recalls 59,000 cars over software fault

February 21, 2016 by · Leave a Comment 

“We have no information that this has led to any accidents,” Volvo Car Group spokesman Stefan Elfstrom said. Elfstrom said owners of 2016 model 60 and 70 series cars were being told to take their vehicles to dealers to get the software fault corrected. The Gothenburg-based company was bought by China's Zhejiang Geely Holding Group Co. from Ford Motor Co. in 2010.

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Volvo Cars recalls 59,000 cars over software fault

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U.S. new home sales rebound strongly in October

November 25, 2015 by · Leave a Comment 

September's sales pace was revised down to 447,000 units from the previously reported 468,000 units. Economists polled by Reuters had forecast new home sales, which account for about 8 percent of the housing market, rebounding to a rate of 500,000 units.

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U.S. new home sales rebound strongly in October

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GM, law firm can keep ignition switch documents secret: U.S. judge

November 25, 2015 by · Leave a Comment 

By Jonathan Stempel NEW YORK (Reuters) – General Motors Co and its law firm need not turn over privileged documents to drivers hoping to show that the automaker intended to commit a crime or fraud by concealing defective ignition switches in…

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GM, law firm can keep ignition switch documents secret: U.S. judge