Energy shares plummet in quiet session, retailers up
NEW YORK (Reuters) - U.S. energy shares saw heavy pressure on Friday as crude oil tumbled to a multi-year low, though consumer stocks lifted broader indexes in a quiet, holiday-shortened session.
Fri, 28 Nov 2014 11:38:42 -0500
U.S. crude down seven percent to May 2010 low on OPEC, new low likely
By Barani Krishnan NEW YORK (Reuters) - U.S. crude fell 7 percent on OPEC's decision to not cut output, but light trading on Friday after the U.S. Thanksgiving Day holiday meant there could be more losses when markets return to full strength next week, traders said. West Texas Intermediate (WTI) light U.S. crude hit a four-and-half-year low of $67.75 a barrel overnight after Saudi Arabia blocked calls on Thursday from poorer members of the Organization of the Petroleum Exporting Countries to reduce production. U.S. ...
Fri, 28 Nov 2014 12:02:45 -0500
Billions wiped off energy shares as investors rush for exit
LONDON (Reuters) - A fresh slide in the price of crude wiped tens of billions of dollars off oil companies' market value on Friday and signalled an end to the sector's safe-haven status, as fears mounted over future profits and dividend payouts.
Fri, 28 Nov 2014 11:36:56 -0500
BMW not interested in buying stake in Tesla: Wirtschaftswoche
FRANKFURT (Reuters) - Germany's BMW is not interested in buying a stake in U.S. electric carmaker Tesla Motors , German weekly WirtschaftsWoche reported on Friday, citing a BMW statement. Earlier this week, a Tesla spokeswoman said there had been informal talks between the companies, but there were no plans to set up an alliance. (Reporting by Harro ten Wolde; Editing by Ludwig Burger)
Fri, 28 Nov 2014 09:13:44 -0500
Black Friday shopping crowds thin after Thanksgiving rush
WEST HARTFORD, Conn. (Reuters) - Mall crowds were relatively thin early on Black Friday in a sign of what has become the new normal in U.S. holiday shopping: the mad rush is happening the night of Thanksgiving and more consumers are picking up deals online.
Fri, 28 Nov 2014 10:47:53 -0500
U.S. lodges new appeal at WTO in meat labelling dispute
GENEVA (Reuters) - The United States lodged an appeal on Friday to challenge a World Trade Organization ruling it said had failed to bring its meat labelling laws into line with global trade rules. Canada and Mexico won a WTO ruling three years ago that said the U.S. rules illegally discriminated against imported meat. The United States lost a subsequent appeal and was told to bring its laws into line, but in October this year the WTO said it had not done so, paving the way for Canada and Mexico to demand the right to impose trade sanctions. ...
Fri, 28 Nov 2014 12:39:17 -0500
Japan may expand air bag recalls; worried about impact on industry
TOKYO (Reuters) - Honda Motor and Mazda Motor may have to recall another 200,000 cars in Japan to replace Takata Corp air bags if Takata complies with a U.S. order to recall cars across the United States rather than just in humid regions.
Fri, 28 Nov 2014 08:16:32 -0500
Kinder Morgan loses bid to extend injunction against Canada protesters
VANCOUVER (Reuters) - Kinder Morgan Energy Partners LP said on Thursday that it would clear its equipment and crews off a mountain in the Vancouver suburb of Burnaby by month-end, after it lost a bid to extend an injunction keeping protesters away from the site. A B.C. Supreme Court judge also threw out civil contempt charges against dozens of protesters arrested while rallying against the pipeline project due to confusion about the GPS coordinates in the original injunction order. ...
Thu, 27 Nov 2014 21:17:44 -0500
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