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In oil rout, some U.S. energy bosses were spared the pain

By Ross Kerber and Michael Erman BOSTON/NEW YORK (Reuters) – More cash, lower targets and bigger share awards – not all U.S. energy bosses are feeling the full impact of tumbling oil prices in their paychecks. Some oil and gas companies are making it easier for their top managers to meet performance goals or are offering more cash as a prolonged oil slump keeps share prices at lows not seen in five years, …

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In oil rout, some U.S. energy bosses were spared the pain

Google’s cloud business nabs Home Depot as client

By Sarah McBride SAN FRANCISCO (Reuters) – Google Inc, long an also-ran in cloud services, has scored an important victory in its effort to win corporate clients: Home Depot is moving some of its data to Google's cloud. The deal, flagged Tuesday by Google executive Greg DeMichillie in a briefing and expected to be…

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Google’s cloud business nabs Home Depot as client

Bangladesh Bank weighs lawsuit against NY Fed over hack

By Serajul Quadir DHAKA (Reuters) – Bangladesh's central bank has hired a U.S. lawyer for a potential lawsuit against the Federal Reserve Bank of New York after hackers stole $81 million from its account with the NY Fed, according to an internal report by the Bangladesh bank. After the report surfaced on …

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Bangladesh Bank weighs lawsuit against NY Fed over hack

Fed approves Goldman acquisition of GE Capital’s U.S. online deposits

The deal, which was approved by the Federal Reserve, had been pending since August 2015. Goldman would control around $95 billion in deposits through its GS Bank unit following the acquisition, according to a statement from the Federal Reserve.

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Fed approves Goldman acquisition of GE Capital’s U.S. online deposits

FanDuel and DraftKings shut down games in New York

Top daily fantasy sports companies FanDuel and DraftKings agreed to stop taking money in New York on Monday, amid a months long fight with the state's attorney general over whether the games are illegal gambling. New York Attorney General Eric Schneiderman said the companies had agreed to immediately stop operating paid contests in the state and that an appeal of an injunction against the two companies would be heard in September. Schneiderman…

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FanDuel and DraftKings shut down games in New York

IHS to buy data provider Markit, combined company to base in UK

U.S.-based IHS Inc agreed to buy Markit Ltd to create a $13 billion London-based data and business research provider, in the latest example of a U.S. company moving its domicile overseas where corporate …

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IHS to buy data provider Markit, combined company to base in UK

Smaller iPhone expected as Apple faces drop in phone sales

By Julia Love CUPERTINO, Calif. (Reuters) – Apple Inc is expected to launch a smaller, cheaper iPhone on Monday aimed at emerging markets and possibly China, the world's biggest buyer of smartphones, as it looks to reverse a decline in worldwide sales of its most important product. The launch of such a phone – expected to be called the iPhone SE – would represent Apple's second bid for the crowded mid-tier market after an unsuccessful foray three …

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Smaller iPhone expected as Apple faces drop in phone sales

Sheraton-owner Starwood accepts higher offer from Marriott

Starwood Hotels and Resorts Worldwide Inc , owner of the Sheraton and Westin hotel brands, agreed to a higher $13.6 billion buyout offer from Marriott International Inc , spurning a proposal from China's Anbang Insurance Group. Marriott raised the cash portion of its offer to $21

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Sheraton-owner Starwood accepts higher offer from Marriott

Crude prices fall from 2016 highs as U.S. oil rig count rises

Crude oil prices settled lower on Friday after the U.S rig count rose for the first time since December, renewing worries of a supply glut after an output freeze proposal helped boost the market to 2016 highs and multi-week gains. U.S. energy firms this week added one oil rig after 12 weeks of cuts, according to data by industry…

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Crude prices fall from 2016 highs as U.S. oil rig count rises

Six months into ‘Dieselgate’ scandal, gloom deepens in VW’s hometown

By Andreas Cremer WOLFSBURG, Germany (Reuters) – When Martin Winterkorn dropped by to order some new glasses in the Volkswagen company town of Wolfsburg, he was “visibly dejected”, according to his optician. Six months into the “Dieselgate” affair surrounding VW, the mood in Wolfsburg – where almost half the population works at its giant…

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Six months into ‘Dieselgate’ scandal, gloom deepens in VW’s hometown

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