Oil on track for seventh monthly fall as supply glut weighs

Oil prices were steady near $49 a barrel early on Friday with some support from new Chinese reserve regulations yet remained on track for a seventh monthly fall weighed by a global supply glut.

Gas Nozzle

AWS move, disclosure suggest Amazon yielding more to Wall Street

After years of giving investors the cold shoulder,Amazon.com Inc (AMZN.O) is starting to warm up to Wall Street.


Honda cuts profit target as Takata air bag recalls bite

Japan's Honda Motor Co sliced 6.5 percent off its core annual profit forecast as it set aside hundreds of millions of dollars in extra cash to cover an extended car recall to replace potentially faulty air bags made by Takata Corp.




Jobs & Career News

Alibaba finance arm sets up China consumer credit-scoring system


The financial services affiliate of Alibaba (BABA.N) launched on Wednesday a system that will use the e-commerce giant's data trove to assess the creditworthiness of Chinese consumers and businesses with little or no history at traditional lenders.

Citibank reaches pact with NY AG on ChexSystems data: WSJ


Citibank, a unit of Citigroup Inc, has reached an agreement with New York Attorney General Eric Schneiderman to change its screening processes for checking and savings accounts to be more forgiving of customers' histories.

Apple supplier Foxconn to shrink workforce as sales growth stalls


Taiwan's Foxconn Technology Group, the world's largest contract electronics manufacturer, will cut its massive workforce, the company told Reuters, as the Apple Inc (AAPL.O) supplier faces declining revenue growth and rising wages in China.

Oil price recovers as dollar weakens against euro

Gas Nozzle

Oil prices steadied above $48 a barrel on Tuesday, recovering from earlier losses as the dollar weakened against the euro.

British growth slows, but 2014 still fastest in seven years


Britain's economic growth slowed more than expected in the final three months of last year, but with annual growth still at its fastest since 2007 the data gave ammunition to both sides of the political divide heading into May's election.

All Nippon Airways

ANA Holdings orders Boeing, Airbus planes worth $2.2 billion

Japan's biggest airline, ANA Holdings, said on Friday it had ordered 15 jetliners from Boeing Co and Airbus Group worth $2.2 billion to bolster flights on domestic routes.


McDonald's franchisees to new CEO: back-to-basics, fast

McDonald's franchisees have a fast order for the fast food giant's new CEO - get back to basics. In interviews franchisees and advisors to restaurant owners say they hope the new chief will clean up a huge menu to focus on burgers and fries.


Airbus confirms A400M management change, reorganization

Airbus Group (AIR.PA) on Thursday confirmed a shake-up in its military aircraft business after fresh problems with the A400M and said the troubled military transporter project would be restructured, splitting production away from development.


Ford profit beats estimates, but European outlook worsens

Ford Motor Co (F.N) on Thursday said it would keep relying on North America for its profit this year as the No. 2 U.S. automaker signaled that losses in Europe would be more than previously forecast.


Conoco has quarterly loss, cuts capex again on oil slide

ConocoPhillips (COP.N), the largest independent oil and gas company, on Thursday reported a quarterly loss and again slashed its 2015 capital expenditures, citing lower crude prices.

Time Warner Cable

Time Warner Cable continues to lose video subscribers

Time Warner Cable Inc (TWC.N), the second-largest U.S. cable TV operator, reported lower-than-expected revenue as more customers switch to internet streaming services offered by companies such as Netflix Inc (NFLX.O).


Shell CEO sees long-term oil price at $90/barrel

Oil prices should reach a long-term equilibrium of $90 per barrel, Royal Dutch Shell's (RDSa.L) Chief Executive Ben van Beurden told a conference call on Thursday.

Shake Shack

Shake Shack now expects IPO to be priced higher at $17-$19 a share

Burger chain Shake Shack Inc (SHAK.N) now expects its initial public offering to be priced at $17-$19 per share, up from $14-$16 expected earlier, valuing the company at up to $674.5 million.


Shares in Apple suppliers leap on record results

Shares in European companies that supply parts toApple Inc (AAPL.O) leapt on Wednesday after the tech giant reported the largest profit in corporate history, driven by record sales of iPhones and strong demand in China.


Shell signs $11 billion deal to build petrochemicals plant in Iraq

Royal Dutch Shell (RDSa.L) has signed a deal withIraq worth $11 billion (7 billion pounds) to build a petrochemicals plant in the southern oil hub of Basra, Industry Minister Nasser al-Esawi said on Wednesday.

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