U.S. top court backs companies over worker class-action claims
WASHINGTON (Reuters) – The U.S. Supreme Court delivered a blow to the rights of workers on Monday by allowing companies to require them to sign away their ability to bring…
Exclusive: GE nears deal to merge transportation unit with Wabtec – sources
(Reuters) – General Electric Co (GE.N) is nearing a deal to merge its transportation business, which manufactures train engines, with Wabtec Corp (WAB.N), a U.S. maker of equipment for the…
U.S., China putting trade war on hold, Treasury’s Mnuchin says
WASHINGTON (Reuters) – The U.S. trade war with China is “on hold” after the world’s largest economies agreed to drop their tariff threats while they work on a wider trade…
Exclusive: En+ set to ask U.S. for more time for Deripaska stake sale: source
LONDON (Reuters) – Russia’s En+ Group, which manages Oleg Deripaska’s aluminum and hydropower businesses, is likely to ask the U.S. Treasury for more time to reduce Deripaska’s stake, a source…
Airbus loses ground in bid to sell jets to United: sources
PARIS/NEW YORK (Reuters) – Airbus’s hopes of winning an immediate respite from slow sales of its A330neo jetliner with an order from United Airlines are dwindling, leaving a gap in…
Exclusive: BP chief sees shale, OPEC cooling oil markets
LONDON (Reuters) – BP (BP.L) Chief Executive Bob Dudley expects a flood of U.S. shale and the reopening of OPEC taps to cool the oil market after crude rose above…
CBS votes to end Redstone control, needs court approval
(Reuters) – CBS Corp’s (CBS.N) board on Thursday approved a special dividend that would cut controlling shareholder Shari Redstone’s stake in the U.S. media company to about 20 percent, a…
U.S. labor market tightening; mid-Atlantic factory activity picks up
WASHINGTON (Reuters) – New applications for U.S. jobless benefits increased more than expected last week, but the number of Americans on unemployment rolls fell to its lowest level since 1973,…
Asia oil thirst tab $1 trillion a year as crude rises to $80
SINGAPORE/MUMBAI (Reuters) – Oil prices are poised to break through $80 per barrel and Asia’s demand is at a record, pushing the cost of the region’s thirst for crude to…
George Soros’ bet on Tesla could see other investors follow suit
NEW YORK (Reuters) – If Tesla Inc (TSLA.O) Chief Executive Elon Musk needs to raise even more money, there may be a way. FILE PHOTO: Soros Fund Management Chairman George…