Investing & Planning

File photo of a worker walking atop a tanker wagon to check the freight level at an oil terminal on outskirts of Kolkata

Oil jumps on Canadian wildfire near oil sand fields, Libyan fighting

Oil prices jumped by more than one percent in early trading on Thursday as a huge wildfire in Canada disrupted its oil sands production, while escalating fighting in Libya threatened the North African nation's …

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  • File photo of a worker walking atop a tanker wagon to check the freight level at an oil terminal on outskirts of Kolkata
    Oil jumps on Canadian wildfire near oil sand fields, Libyan fighting Reuters

    Oil prices jumped by more than one percent in early trading on Thursday as a huge wildfire in Canada disrupted its oil sands production, while escalating fighting in Libya threatened the North African …

    File photo of a worker walking atop a tanker wagon to check the freight level at an oil terminal on outskirts of Kolkata

    Oil prices jumped by more than one percent in early trading on Thursday as a huge wildfire in Canada disrupted its oil sands production, while escalating fighting in Libya threatened the North African nation's output. International benchmark Brent crude futures (LCOc1) were trading at $45.31 per barrel at 0031 GMT, up …

  • Jeffrey Gundlach, Chief Executive Officer, DoubleLine Capital, speaks at the Sohn Investment Conference in New York
    Gundlach warns on 'safe' stocks, Trump presidency Reuters

    By Trevor Hunnicutt NEW YORK (Reuters) - DoubleLine Capital LP Chief Executive Jeffrey Gundlach on Wednesday warned that increasing investor demand for ostensibly safe low-volatility stocks and utility …

    Jeffrey Gundlach, Chief Executive Officer, DoubleLine Capital, speaks at the Sohn Investment Conference in New York

    By Trevor Hunnicutt NEW YORK (Reuters) - DoubleLine Capital LP Chief Executive Jeffrey Gundlach on Wednesday warned that increasing investor demand for ostensibly safe low-volatility stocks and utility stocks is a major risk facing markets. The closely watched investor, speaking at the Sohn Investment Conference, also …

  • The logo of Anheuser-Busch InBev is pictured outside the brewer's headquarters in Leuven
    Australia clears AB Inbev's $100 billion SABMiller buyout plan Reuters

    SYDNEY (Reuters) - The Australian antitrust regulator on Thursday cleared beer giant Anheuser Busch Inbev SA's (ABI.BR) planned $100 billion takeover of rival SABMiller Plc (SAB.L), saying the deal would …

    The logo of Anheuser-Busch InBev is pictured outside the brewer's headquarters in Leuven

    SYDNEY (Reuters) - The Australian antitrust regulator on Thursday cleared beer giant Anheuser Busch Inbev SA's (ABI.BR) planned $100 billion takeover of rival SABMiller Plc (SAB.L), saying the deal would ...

  • Judge convicts head of Mitsubishi Motors representative in Brazil Reuters

    SAO PAULO (Reuters) - The president of MMC Automotores, Mitsubishi Motors's distributor and assembler in Brazil, was convicted on Wednesday for fomenting corruption and money laundering in a bribery …

    The company logo of Mitsubishi Motors is seen at its headquarters in Tokyo

    SAO PAULO (Reuters) - The president of MMC Automotores, Mitsubishi Motors's distributor and assembler in Brazil, was convicted on Wednesday for fomenting corruption and money laundering in a bribery scheme meant to help pass legislation benefiting the auto sector.

  • YouTube plans online TV service: Bloomberg Reuters

    (Reuters) - Alphabet Inc's YouTube is working on a paid subscription service called Unplugged that would offer customers a bundle of cable TV channels streamed over the Internet, Bloomberg reported. …

    YouTube unveils their new paid subscription service at the YouTube Space LA in Playa Del Rey, Los Angeles

    (Reuters) - Alphabet Inc's YouTube is working on a paid subscription service called Unplugged that would offer customers a bundle of cable TV channels streamed over the Internet, Bloomberg reported. The project is slated to debut as soon as 2017, Bloomberg reported on Wednesday, citing people familiar with the plan. …

  • Tribune Publishing rejects Gannett's unsolicited takeover bid Reuters

    Tribune Publishing Co (TPUB.N) said on Wednesday its board unanimously rejected Gannett Co Inc's (GCI.N) unsolicited takeover offer and will proceed instead with a strategic plan to revive its print business …

    A picture of the Tribune tower in Chicago

    Tribune Publishing Co (TPUB.N) said on Wednesday its board unanimously rejected Gannett Co Inc's (GCI.N) unsolicited takeover offer and will proceed instead with a strategic plan to revive its print business and tap growth in digital content. Tribune shares fell by more than 4 percent after closing at $11.02 and Gannett's …

  • Tesla puts pedal to the metal, 500,000 cars planned in 2018 Reuters

    Tesla Motors Inc said it was stepping up production plans for its upcoming Model 3 mass-market sedan and would build a total of 500,000 all-electric vehicles in 2018, two years ahead of schedule, but …

    Handout of Tesla Motors' mass-market Model 3 electric cars

    Tesla Motors Inc said it was stepping up production plans for its upcoming Model 3 mass-market sedan and would build a total of 500,000 all-electric vehicles in 2018, two years ahead of schedule, but warned that spending will ramp up in tandem. The company, which three months ago aimed to make a net profit in the final …

  • Primero Announces Election of Directors Marketwired

    Primero Mining Corp.   announces that today, at its Annual General and Special Meeting of Shareholders , all Directors nominated as listed in the Management Information Circular dated...

    Primero Announces Election of Directors

    Primero Mining Corp.   announces that today, at its Annual General and Special Meeting of Shareholders , all Directors nominated as listed in the Management Information Circular dated...

  • Epic wildfire threatens to engulf Canadian city as 88,000 flee Reuters

    By Topher Seguin GREGOIRE LAKE, Alberta (Reuters) - A massive wildfire that has forced the evacuation of all 88,000 people in the western Canadian oil city of Fort McMurray and burned down 1,600 structures …

    By Topher Seguin GREGOIRE LAKE, Alberta (Reuters) - A massive wildfire that has forced the evacuation of all 88,000 people in the western Canadian oil city of Fort McMurray and burned down 1,600 structures has the potential to destroy much of the town, authorities said on Wednesday. With a few neighborhoods already in …

  • Hong Kong cracks down on illegal money flows from China trade Reuters

    By Saikat Chatterjee HONG KONG (Reuters) - Hong Kong is conducting a multi-pronged customs, shipping and financial sector crackdown against so-called fake trade invoicing that allows billions of dollars …

    A Hong Kong policeman stands guard at Hong Kong's border with Shenzhen

    By Saikat Chatterjee HONG KONG (Reuters) - Hong Kong is conducting a multi-pronged customs, shipping and financial sector crackdown against so-called fake trade invoicing that allows billions of dollars of capital to leave China illegally. Hong Kong's central bank told Reuters it has beefed up its scrutiny of banks' trade …

  • U.S. tech firms urge presidential candidates to embrace trade, high-tech visas Reuters

    By Dustin Volz WASHINGTON (Reuters) - Thirteen U.S. industry groups representing technology companies Amazon.com Inc , Uber Technologies Inc, Apple Inc , Facebook Inc and others are pushing for the …

    A combination photo of Republican U.S. presidential candidate Donald Trump and Democratic U.S. presidential candidate Hillary Clinton

    By Dustin Volz WASHINGTON (Reuters) - Thirteen U.S. industry groups representing technology companies Amazon.com Inc , Uber Technologies Inc, Apple Inc , Facebook Inc and others are pushing for the next U.S. president to support the Trans-Pacific Partnership (TPP) trade deal and to make it easier to hire high-tech workers …

  • CORRECTING and REPLACING Intel and French Skipper Francois Gabart Team-up With Trimaran MACIF Business Wire

    Please replace the release with the following corrected version due to multiple revisions.

    CORRECTING and REPLACING Intel and French Skipper Francois Gabart Team-up With Trimaran MACIF

    Please replace the release with the following corrected version due to multiple revisions.

  • MetLife profit misses on weak returns from hedge funds, bonds Reuters

    American International Group Inc (AIG.N), the No. 1 U.S. commercial insurer, earlier reported a lower-than-expected profit for the third straight quarter as poor returns from hedge funds hurt investment …

    File photo the MetLife building is seen in New York

    American International Group Inc (AIG.N), the No. 1 U.S. commercial insurer, earlier reported a lower-than-expected profit for the third straight quarter as poor returns from hedge funds hurt investment income. Both companies, like their rivals, have been hurt by near-zero interest rates since the financial crisis.

  • Is This The Biggest Red Herring In Oil Markets? Oilprice.com

    U.S. gasoline demand might be one of the biggest red herrings in the oil markets as many confuse demand with consumption, whereas gasoline demand is more inelastic than widely believed

    Is This The Biggest Red Herring In Oil Markets?

    U.S. gasoline demand might be one of the biggest red herrings in the oil markets as many confuse demand with consumption, whereas gasoline demand is more inelastic than widely believed

  • Whole Foods protects profits in second quarter as it cuts prices Reuters

    The biggest challenge for the nation's largest natural and organic grocery chain has been to protect profits while it works to shake its "Whole Paycheck" reputation for lofty prices and stay a step ahead …

    A Whole Foods Market store logo is pictured on a building in Boca Raton, Florida

    The biggest challenge for the nation's largest natural and organic grocery chain has been to protect profits while it works to shake its "Whole Paycheck" reputation for lofty prices and stay a step ahead of Wal-Mart Stores Inc , Kroger Co and other mainstream grocers that are expanding into the specialty realm …

  • U.S. Crude Imports Surge After Long Period Of Decline Oilprice.com

    The shale boom in the United States resulted in a steady decline in oil imports, a trend that has now been bucked as oil production continues to fall while demand steadily rises

    U.S. Crude Imports Surge After Long Period Of Decline

    The shale boom in the United States resulted in a steady decline in oil imports, a trend that has now been bucked as oil production continues to fall while demand steadily rises

  • Slower growth dominates picks at hedge fund conference Reuters

    Against a backdrop of slower economic growth, prominent hedge fund managers, including Larry Robbins, Stanley Druckenmiller and David Einhorn, said it will take longer for stocks to rise and laid out best …

    Stanley Druckenmiller, Chairman and CEO of Duquesne Family Office LLC., speaks at the Sohn Investment Conference in New York

    Against a backdrop of slower economic growth, prominent hedge fund managers, including Larry Robbins, Stanley Druckenmiller and David Einhorn, said it will take longer for stocks to rise and laid out best ideas that markets barely reacted to. The remarks come as the hedge fund industry has come under fire for hefty fees, …

  • Cable, 'Deadpool' help Fox earnings meet forecasts Reuters

    Fox, owner of cable networks Fox News Channel and FX, reported a better-than-expected 5.7 percent rise in adjusted revenue for the quarter that ended in March. Excluding items, the company earned 47 cents …

    The flag of the Twenty-First Century Fox Inc is seen waving at the company headquarters in the Manhattan borough in New York

    Fox, owner of cable networks Fox News Channel and FX, reported a better-than-expected 5.7 percent rise in adjusted revenue for the quarter that ended in March. Excluding items, the company earned 47 cents per share, in line with projections from analysts polled by Thomson Reuters I/B/E/S. Revenue from the cable network …

  • Wells Fargo problem loans jump 62 percent, driven by energy Reuters

    Wells Fargo and other banks have beefed up reserves for possible loan losses as sharply lower oil prices have made it difficult for energy companies to repay their debts. Wells Fargo did not specify what …

    The sign outside the Wells Fargo & Co. bank in downtown Denver

    Wells Fargo and other banks have beefed up reserves for possible loan losses as sharply lower oil prices have made it difficult for energy companies to repay their debts. Wells Fargo did not specify what portion of its oil and gas loans were criticized.

  • U.S. Gasoline Now Contains 10 Percent Ethanol Oilprice.com

    A recent EIA report noted that more than 95 percent of all fuel pumped in the U.S. contains at least 10 percent ethanol

    U.S. Gasoline Now Contains 10 Percent Ethanol

    A recent EIA report noted that more than 95 percent of all fuel pumped in the U.S. contains at least 10 percent ethanol