raymond-james

Oil rally to resume later this year, demand to offset glut: Reuters poll

A survey of 29 economists and analysts forecast Brent crude will average $45.51 per barrel in 2016, up marginally from last month's forecast of $45.20, and about $3.55 higher than the $41.96 average so far this year.     “We project solid global demand growth in 2016 (1.4 million barrels per day), and a reasonable growth in 2017 (+1.1 MMBbl/d), mostly driven by China, India and Africa. As such, demand should help to drive prices higher,” said Raymond James analyst Luana Siegfried.

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Oil rally to resume later this year, demand to offset glut: Reuters poll

raymond-james

FTC preparing to block Staples-Office Depot deal: NY Post

(Reuters) – U.S. antitrust regulators are preparing to block Staples Inc's acquisition of smaller rival Office Depot Inc , the New York Post reported. The Federal Trade Commission (FTC) may again delay its decision on the deal, seeking more concessions from Staples, NY Post reported, citing two people familiar with the matter. Two of the four FTC commissioners looking into the deal are believed to oppose it, the

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FTC preparing to block Staples-Office Depot deal: NY Post

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Ford says to incur $600 million expense in 2015 from U.S. union pact

Ford Motor Co said on Monday it will incur a $600 million expense this year tied to its new four-year contract with the United Auto Workers union in the United States. The expense is consistent with the company's previously stated

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Ford says to incur $600 million expense in 2015 from U.S. union pact

raymond-james

Wall St. opens flat, set to end the month higher

The three major indexes were set to end the month higher for the second straight month. While the U.S. central bank is likely to raise interest rates for the first time since June 2006, the European Central Bank is expected to unveil fresh monetary easing measures on Thursday. “We're coming off a quiet holiday week and we have a lot of hurdles to cross this week with all the data that we're expecting,” said Scott Brown,

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Wall St. opens flat, set to end the month higher