NEW YORK (Reuters) – The U.S. Environmental Protection Agency has granted a financial hardship waiver to an oil refinery owned by billionaire Carl Icahn, a former adviser to President Donald Trump, exempting the Oklahoma facility from requirements under a federal biofuels law, according to two industry sources briefed on the matter.
BEIJING (Reuters) – Volkswagen AG , the world’s biggest automaker, is in talks to form a joint venture with China’s Didi Chuxing to manage part of the ride-hailing company’s fleet of cars and help develop “purpose-built” vehicles for Didi’s services.
WASHINGTON (Reuters) – Lawyers for the U.S. Justice Department and AT&T will give closing arguments on Monday in a trial to determine if the wireless giant, owner of pay TV provider DirecTV, will be allowed to buy movie and TV show maker Time Warner .
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SYDNEY (Reuters) – World stocks are set to notch up a positive month for the first time since January, as a slew of positive earnings from U.S. technology firms and marquee M&A deals help soothe memories of February tremors.
LONDON (Reuters) – Sainsbury’s has agreed to buy Walmart’s Asda for about 7.3 billion pounds ($10 billion) to create Britain’s biggest supermarket group by market share, overtaking long-standing industry leader Tesco .
Oil prices dipped on Monday after a rising rig count in the United States pointed to higher production there, but markets held near their highest in over three years and remained set for a second straight month of gains. Oil prices were supported by supply concerns amid prospects that the United States could reimpose sanctions on Iran, while OPEC-led producers continue to withhold output. U.S. West Texas Intermediate (WTI) crude futures (CLc1) were at $67.82 a barrel, down 28 cents, or about 0.4 percent, from their last settlement. …read more […]
LONDON (Reuters) – Sainsbury’s and Asda, the UK arm of Walmart , confirmed on Monday they had agreed a 13.3 billion pounds ($18.33 billion) merger to create Britain’s biggest supermarket group by market share, surpassing current leader Tesco .
Baidu has turned to the financial industry to bolster its consumer finance …read more […]
LeBron James walked sluggishly down a corridor inside Quicken Loans Arena following Game 7 surrounded by the usual squadron of security personnel, some business associates and his publicist. Each step … …read more […]
SYDNEY (Reuters) – Asian shares extended gains on Monday as tensions in the Korean Peninsula eased and first-quarter earnings shone, although some investors were cautious about the outlook amid the backdrop of a simmering U.S.-China trade dispute.
LONDON (Reuters) – Sainsbury’s and Asda, the UK arm of Walmart , confirmed on Monday they are to merge to create Britain’s biggest supermarket group by market share, surpassing current leader Tesco .
DUBAI (Reuters) – Prince Alwaleed bin Talal’s Kingdom Holding and its partners have agreed to sell Movenpick Hotels and Resorts to its associate firm AccorHotels .
Virgin Hyperloop One Chairman Richard Branson and DP World Group Chairman Sultan Ahmed Bin Sulayem discuss Hyperloop’s transportation plans with CNBC’s Hadley Gamble. …read more […]
CNBC’s Hadley Gamble discusses Mike Pompeo’s latest comments on the U.S. involvement in the Iran nuclear deal. …read more […]
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