Business & Finance News
(Reuters) – Wall Street rallied on Wednesday as surging oil prices boosted energy stocks following U.S. President Donald Trump’s decision the previous day to quit a nuclear deal with Iran.
DETROIT (Reuters) – Ford Motor Co is working with a key supplier to shift some parts production from Michigan to Ontario, Canada, after a fire and subsequent parts shortages forced the automaker to halt manufacturing of its highly profitable full-size pickups, according to sources familiar with the companies’ plans.
(Reuters) – Rolls-Royce Holdings Plc Chief Operating Officer Simon Kirby will leave the company in June as the British manufacturer looks to streamline its business, it said in a memo to staff seen by Reuters.
(Reuters) – Xerox Corp’s board said on Wednesday it intended to resume merger discussions with Fujifilm Corp , seeking a superior deal to terms announced at the end of January that have spurred a complex proxy fight over the company.
LONDON/ZURICH/LOS ANGELES (Reuters) – Nestle’s $7 billion licensing deal for Starbucks’ retail business gives it a much-needed boost in its battle against JAB, the privately owned investment firm stirring up the coffee industry with a string of deals. JAB, the family office of Europe’s billionaire Reimann clan, has built up the world’s second-largest coffee business over the past five years.
WASHINGTON (Reuters) – Boeing Co’s chief executive said on Wednesday the company will ensure its 737 production will not be hurt after the U.S. revoked its license to sell jets to Iran Air and that none of the 737 aircraft it had expected to sell to Iran were in the backlog of orders.
OMAHA, Neb. (Reuters) – Ketchup, bologna and Jell-O don’t excite Wall Street. But a big deal might whet its appetite for Kraft Heinz Co .
(Reuters) – Amazon.com struck a deal with Sears Holdings Corp to provide tire services, boosting traffic at the ailing department store and extending the online retailer’s growing stable of alliances with brick-and-mortar companies.
(Reuters) – U.S stocks advanced on Wednesday as a surge in oil prices boosted energy stocks following President Donald Trump’s decision to withdraw the United States from a nuclear deal with Iran.
WASHINGTON (Reuters) – U.S. producer prices barely rose in April after strong gains in the first quarter, held back by a moderation in the cost of services such as hotel accommodation and healthcare, which could ease fears that inflation pressures were rapidly building up.
NEW YORK (Reuters) – Crude oil prices rose to 3-1/2-year highs on Wednesday following President Donald Trump’s decision to withdraw the United States from a nuclear deal with Iran, a move that helped lift equity markets as Exxon Mobil, Chevron and other oil majors rallied.
(Reuters) – Wall Street was higher on Wednesday, with energy shares getting a boost from a surge in oil prices after President Donald Trump pulled the United States out of a nuclear deal with Iran.
DUBAI (Reuters) – Surging oil prices mean the big Arab countries of the Gulf — especially Saudi Arabia — look set to gain financially as well as politically from U.S. President Donald Trump’s decision to pull out of the Iran nuclear deal.
MUMBAI/NEW YORK (Reuters) – Walmart Inc will pay $16 billion for a roughly 77 percent stake in Indian e-commerce firm Flipkart, the U.S. retailer’s largest-ever deal, in an attempt to compete with rival Amazon.com Inc in a key growth market.
(Reuters) – U.S. stocks rose on Wednesday, with shares of energy companies getting a boost from surging oil prices after President Donald Trump decided to pull the United States out of a nuclear deal with Iran.
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