Oil prices rise by 1 percent after Saudi announces December supply cut

Oil prices rise by 1 percent after Saudi announces December supply cut

SINGAPORE (Reuters) – Oil prices rose by about one percent on Monday after top exporter Saudi Arabia announced a cut in supply for December, seen as a measure to halt a market slump that had seen crude decline by 20 percent since early October. A pumpjack is seen at sunset outside Scheibenhard, near Strasbourg, France, […]

Wynn: China Is Both A Blessing And A Headwind

Wynn: China Is Both A Blessing And A Headwind

I have been looking forward to the latest Wynn Resorts (WYNN) quarterly report. I expected the casino operator to show strong results from its China operations and weaker growth in Las Vegas, simply because that is the current trend. China is continuing to deliver strong results while the domestic market in Vegas is weakening. All […]

Brawl between American Airlines flight attendants results in lawsuit against carrier

Brawl between American Airlines flight attendants results in lawsuit against carrier

Brawl between American Airlines flight attendants results in lawsuit against carrier  USA TODAY Hostie allegedly ‘dragged’ co-worker by scarf in mid-air fight  NEWS.com.au American Airlines Flight Attendants Who Fought Mid-Air Heading to Court  Newsweek Brawl between American Airlines flight attendants leads to lawsuit  Dallas News Full coverage Source link

Big Oil spent 1 percent on green energy in 2018

Big Oil spent 1 percent on green energy in 2018

LONDON (Reuters) – Top oil and gas companies jointly spent around 1 percent of their 2018 budgets on clean energy, but investments by Europe’s giants vastly outpaced their U.S. and Asian rivals, a study showed. Crude oil is dispensed into a bottle in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration Companies such as Royal […]

Veritas Capital, Elliott clinch $5.5 billion acquisition of Athenahealth: sources

Veritas Capital, Elliott clinch $5.5 billion acquisition of Athenahealth: sources

Jeff Immelt delivers a speech during the opening of a new tower of the Global Operations Center in San Pedro Garza Garcia, neighbouring Monterrey, Mexico May 12, 2017. REUTERS/Daniel Becerril (Reuters) – Private equity firm Veritas Capital and hedge fund Elliott Management have agreed to acquire U.S. healthcare software maker Athenahealth Inc (ATHN.O) for $5.5 […]

Gluten-free foods fail to meet Australian standards in about one in 40 cases

Gluten-free foods fail to meet Australian standards in about one in 40 cases

Justin Pedersen pays careful attention to food labels when he goes shopping. Key points Seven out of 256 of the most popular gluten free products in Australia tested positive to gluten For a product to be labelled “gluten free” in Australia it must have no discernible traces of gluten People who have coeliac disease must […]

Democrats to probe Trump actions on AT&T, Amazon: Axios

Democrats to probe Trump actions on AT&T, Amazon: Axios

WASHINGTON (Reuters) – When Democrats take control of the U.S. House they plan to investigate the Trump administration’s attempt to block AT&T Inc (T.N) from acquiring Time Warner, and whether officials sought to punish Amazon.com Inc (AMZN.O) by prodding the U.S. Post Office to hike shipping prices for the world’s largest e-commerce company, a senior […]

Alibaba Had Another Big Singles Day. The Party May Not Last.

Alibaba Had Another Big Singles Day. The Party May Not Last.

The company’s methods for ginning up excitement have come under scrutiny before. Two years ago, Alibaba said that the United States Securities and Exchange Commission was investigating it for the way it reports Singles Day sales. The company’s preferred metric, gross merchandise value, is supposed to represent the amount of money that changes hands on […]

Harley-Davidson's electric motorcycle signals a big change for the legendary, but troubled, company

Harley-Davidson's electric motorcycle signals a big change for the legendary, but troubled, company

But the company has signaled it is time for a a change as the market for bikes continues to age, literally. Almost half of all motorcycle riders are 50 or older. Harley-Davidson has especially struggled. Most recently, the motorcycle maker released third quarter earnings that beat expectations, but showed the company actually lost market share. […]

OPEC Edges Closer to Production Cut as Saudis Signal Intent

OPEC Edges Closer to Production Cut as Saudis Signal Intent

ABU DHABI—OPEC is likely to agree to an oil production cut when it meets next month in Vienna, the oil minister of Oman said Sunday, after Saudi Arabia confirmed that it would cut its own oil supplies next month and Russia signaled that it could follow suit. “There is consensus that there will be oversupply […]