News

Iran oil minister says proposed OPEC emergency meeting may hurt market

Iran's oil minister said on Friday any emergency meeting of the Organization of Petroleum Exporting Countries would hurt the crude oil market if it made no decision to shore up falling prices. Venezuela has been calling for an emergency meeting to discuss steps to prop up prices, which are at their lowest

Go here to see the original:
Iran oil minister says proposed OPEC emergency meeting may hurt market

JPMorgan raises Dimon’s pay 35 percent, but adds strings

JPMorgan Chase & Co directors raised Chief Executive Jamie Dimon's total compensation by 35 percent to $27 million for 2015, a regulatory filing on Thursday showed. The company pegged Dimon's base salary at $1.5 million, the

More: 
JPMorgan raises Dimon’s pay 35 percent, but adds strings

AmEx to cut $1 billion in costs by end of 2017

(Reuters) – Credit card issuer American Express Co said it would cut $1 billion in costs by the end of 2017 as it responds to intensifying competition in the payments industry. AmEx's shares fell 4.1 percent to $60.05 in extended trading on Thursday, after the company reported its fourth straight decline in

More here: 
AmEx to cut $1 billion in costs by end of 2017

Boeing to cut 747-8 production in half as demand slows

Boeing Co said on Thursday it will cut production of its 747-8 jumbo jet in half and take a $569 million charge in the fourth quarter as it faces dwindling sales. “The air cargo market recovery that began in late 2013 has stalled in recent months and slowed demand for the 747-8 freighter,” Ray Conner, chief executive of Boeing Commercial Airplanes, said in a statement. Boeing has disclosed in its regulatory filings for months that the costs of making the…

See the original post here:
Boeing to cut 747-8 production in half as demand slows

Yahoo to decide next strategic steps after quarterly earnings: sources

Yahoo Inc will decide on its next strategic steps only after releasing quarterly earnings on Feb. 2, people familiar with the matter said, as the company continues to resist investor calls to explore a sale of its core Internet assets. Yahoo wants to gauge shareholder reaction after presenting its strategic vision during the earnings conference call, one of the people said. Yahoo this month rebuffed several potential buyers for its core Internet assets, including private equity firms, the three sources said this week.

Continued here: 
Yahoo to decide next strategic steps after quarterly earnings: sources

Drug exec Shkreli, lawmakers clash ahead of congressional hearing

Former pharmaceutical executive Martin Shkreli was on a collision course with Congress on Thursday as lawmakers warned he could be prosecuted for contempt if he does not appear next week for a hearing about drug prices. A lawyer for Shkreli…

Go here to see the original:
Drug exec Shkreli, lawmakers clash ahead of congressional hearing

VW may offer discounts to owners of cars with illicit software, DPA says

FRANKFURT/BERLIN (Reuters) – Volkswagen may offer VW owners in Germany discounts on new cars if they turn in certain old models affected by the emissions scandal that has rocked Europe's biggest carmaker, German news agency DPA reported on Sunday. Volkswagen is battling the biggest business crisis in its 78-year history after admitting last month it installed software in diesel vehicles to deceive U.S. regulators about the true …

See the original post: 
VW may offer discounts to owners of cars with illicit software, DPA says

Apple seeks India government approval to set up retail stores

MUMBAI (Reuters) – Apple Inc has filed an application with the Indian government to set up its retail outlets in one of the fastest-growing smartphone markets, a spokesman for the Cupertino

Read more here:
Apple seeks India government approval to set up retail stores

Oil sinks again on glut as U.S. crude hits new lows

Oil futures fell further on Wednesday, with U.S. crude touching its lowest since 2003, as a global supply glut bumped up against bearish financial news that sparked deeper worries over demand. U.S. crude oil dropped more than 4 percent in early trading, falling to as far as $27.32 a barrel. “You need the

See the original post here: 
Oil sinks again on glut as U.S. crude hits new lows

Insight: Electric vehicle sales fall far short of Obama goal

By David Shepardson and Bernie Woodall DETROIT (Reuters) – Back in 2008, with gas prices averaging nearly $4 a gallon, President Barack Obama set a goal of getting one million plug-in electric vehicles on the roads by 2015. The Chevy Bolt promises a breakthrough on both fronts, with a 200-mile range and a price starting at about $30,000 – after government incentives.

Original post:
Insight: Electric vehicle sales fall far short of Obama goal

« Previous Page — Next Page »