South Korea to widen Takata air bag recall by 110,000 vehicles

South Korea said on Wednesday that 13 automakers will recall some 110,000 vehicles equipped with Takata Corp's defective air bags, the latest development in a long-running safety crisis involving the Japanese company. The United States in May announced a new

Here is the original: 
South Korea to widen Takata air bag recall by 110,000 vehicles

OPEC set for no deal as Iran rejects Saudi oil output offer

Iran rejected on Tuesday an offer from Saudi Arabia to limit its oil output in exchange for Riyadh cutting supply, dashing market hopes the two major OPEC producers would find

View original here:
OPEC set for no deal as Iran rejects Saudi oil output offer

OPEC set for no deal as Iran rejects Saudi oil output offer

Iran rejected on Tuesday an offer from Saudi Arabia to limit its oil output in exchange for Riyadh cutting supply, dashing market hopes the two major OPEC producers would find a compromise this week to help ease a global glut of crude. “The gap (in views) between OPEC countries is narrowing. Oil prices have more than halved from 2014 levels due to oversupply, prompting OPEC producers and rival Russia to seek a market rebalancing that would boost revenues from oil exports and help their crippled budgets

Original post:
OPEC set for no deal as Iran rejects Saudi oil output offer

Wells Fargo CEO forfeits millions as board orders review

(Reuters) – Wells Fargo & Co said on Tuesday that Chief Executive Officer John Stumpf will forfeit unvested equity awards worth about $41 million and will not get a salary while the company's board investigates the bank's sales practices. Carrie Tolstedt, the former head of the retail division at the center of a burgeoning sales scandal, has left the company ahead of her planned Dec. 31 retirement date, will get…

The rest is here:
Wells Fargo CEO forfeits millions as board orders review

Wells Fargo CEO forfeits millions as board orders review

(Reuters) – Wells Fargo & Co said on Tuesday that Chief Executive Officer John Stumpf will forfeit unvested equity awards worth about $41 million and will not get a salary while the company's board investigates the bank'…

See the original post:
Wells Fargo CEO forfeits millions as board orders review

U.S. Labor Department launches review of all Wells Fargo complaints

By Sarah N. Lynch WASHINGTON (Reuters) – U.S. Labor Department Secretary Thomas Perez on Monday pledged to conduct a “top-to-bottom” review of all cases, complaints and other alleged violations that…

Read the original:
U.S. Labor Department launches review of all Wells Fargo complaints

Disney, Microsoft among possible Twitter suitors: reports

(Reuters) – Walt Disney Co and Microsoft Corp join a list of potential suitors for Twitter Inc, according to media reports on Monday. Twitter shares were up 2.23 percent at $23.36 in after-market trading. The microblogging service has reportedly started talks with a number of technology companies to sell itself, including Google parent Alphabet Inc and may receive a formal bid soon.

View original here:
Disney, Microsoft among possible Twitter suitors: reports

U.S. new home sales fall in August but trend still positive

July's sales pace was revised up 5,000 units to 659,000 units. Analysts said the level of sales generally supported their view of a strong underlying trend in new home sales and of a quickening pace of overall economic growth in the second half of the year. Following the new home sales release, analysts at Macroeconomic Advisers kept their estimate of third-quarter economic growth at 3 percent, a marked pickup from the first half of the year.

See the rest here:
U.S. new home sales fall in August but trend still positive

Iran downplays chances of oil deal, UAE keen on freeze

By Alex Lawler and Rania El Gamal ALGIERS (Reuters) – Iran downplayed on Monday the chances of OPEC and non-OPEC oil producers clinching an output-restraint deal in Algeria this week even though several other members of the group said they still hoped for steps to tackle a price-eroding glut of crude. Oil prices have more than halved from 2014 levels due to oversupply, prompting OPEC producers and rival Russia to seek a market rebalancing that would boost revenues from oil exports and help their crippled budgets. The …

Continued here:
Iran downplays chances of oil deal, UAE keen on freeze

Oil ends up 3 percentt as OPEC meets; volatility hits post-Doha high

NEW YORK/LONDON (Reuters) – Oil settled up 3 percent on Monday as the world's largest producers gathered in Algeria to discuss ways to support prices, with nervous trade driving volatility to its highest since a similar meeting to freeze output in April in Doha which failed. The Organization of the…

Originally posted here:
Oil ends up 3 percentt as OPEC meets; volatility hits post-Doha high

« Previous Page — Next Page »