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U.S. drillers add oil rigs for 18th week in a row: Baker Hughes

May 19, 2017 by  
Filed under News

(Reuters) – U.S. energy companies added oil rigs for an 18th week in a row, the second-longest such streak on record, as expectations of higher crude prices have motivated drillers to boost monthly shale production to its highest level since mid-2015.


Source: Reuters Business News

U.S. regulators approve VW diesel fix for 84,000 vehicles

May 19, 2017 by  
Filed under News

WASHINGTON (Reuters) – The U.S. Environmental Protection Agency and California Air Resources Board on Friday announced approval of a fix for about 84,000 older Volkswagen diesel vehicles that can emit excess emissions.


Source: Reuters Business News

Strong earnings lift investor spirits after Trump slump

May 19, 2017 by  
Filed under News

(Reuters) – U.S. stocks rallied on Friday as a set of strong corporate earnings lifted investor spirits in a week dominated by uncertainty surrounding Donald Trump’s presidency.


Source: Reuters Business News

WannaCry attack is good business for cyber security firms

May 19, 2017 by  
Filed under News

SAN FRANCISCO (Reuters) – For Kris Hagerman, chief executive of UK-based cyber security firm Sophos Group Plc, the past week could have been bad. The WannaCry “ransomware” attack hobbled some of its hospital customers in Britain’s National Health Service, forcing them to turn away ambulances and cancel surgeries.


Source: Reuters Business News

Wall Street rebounds after steepest selloff in months

May 18, 2017 by  
Filed under News

(Reuters) – Wall Street rebounded on Thursday from its biggest selloff in more than eight months, with major indexes recovering some of the previous session’s steep losses.


Source: Reuters Business News

Trump administration starts countdown to NAFTA talks in mid-August

May 18, 2017 by  
Filed under News

WASHINGTON (Reuters) – The Trump administration on Thursday set the clock ticking toward a mid-August start of renegotiations of the North American Free Trade Agreement with Canada and Mexico to try to win better terms for U.S. workers and manufacturers.


Source: Reuters Business News

Time up on Trump trade, hedge funds look abroad

May 18, 2017 by  
Filed under News

LAS VEGAS (Reuters) – Hedge fund managers said they are looking beyond the United States for investment ideas as the so-called Trump bump stock market rally shows signs it may be fizzling.


Source: Reuters Business News

Halliburton's incoming CEO sees price hike above 10 percent

May 18, 2017 by  
Filed under News

HOUSTON (Reuters) – Halliburton Co , the No. 2 oilfield service provider, expects to raise prices more than 10 percent this year, a higher increase than many customers expect but one executives said is crucial to fuel the oil industry’s nascent growth.


Source: Reuters Business News

VW CEO says successor likely to come from within: Handelsblatt

May 18, 2017 by  
Filed under News

FRANKFURT (Reuters) – Germany’s Volkswagen will likely pick a new chief executive officer (CEO) from within the carmaker’s own ranks, CEO Matthias Mueller told German daily Handelsblatt.


Source: Reuters Business News

Google challenges Apple's Siri by opening digital assistant to iPhone

May 17, 2017 by  
Filed under News

(Reuters) – Alphabet Inc’s Google said on Wednesday it would make its digital assistant available on Apple Inc’s iPhone, making a play for the higher end of the smartphone market and challenging Apple’s Siri feature on its own devices.


Source: Reuters Business News

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