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WTI prices fall on surprise build in U.S. crude stocks

December 29, 2016 By

By Mark Tay Singapore (Reuters) – U.S. oil prices fell on Thursday after an industry report showed a surprise build in the country's crude inventories, while Brent futures came off early lows to trade marginally higher. Meanwhile, a committee of OPEC (Organization of the Petroleum Exporting Countries) and non-OPEC producers responsible for monitoring compliance with a production cut agreement will meet in Vienna on Jan. 21-22, Kuwaiti oil minister Essam Al-Marzouq told state news agency KUNA, in a sign that the output cut deal is likely to be adhered to.

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WTI prices fall on surprise build in U.S. crude stocks

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Where’s the Reddi-wip? ConAgra lowers product profile during shortage

December 22, 2016 By

By Tom Polansek CHICAGO (Reuters) – Reddi-wip, the top-selling U.S. ready-made whipped cream, is going into hiding for the holidays. ConAgra Brands , maker of Reddi-wip, is scaling back on promotions and merchandising as the nation faces a shortage of ready-made whipped cream, Chief Executive Sean Connolly said in an interview on Thursday. The short supply is due to an August explosion at an Airgas Inc facility in Florida that killed one worker and disrupted the supply of nitrous oxide, the gas used to propel whipped cream from containers and keep it airy and light.

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Where’s the Reddi-wip? ConAgra lowers product profile during shortage

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Yen up after attacks in Germany, Turkey, stocks steady on Yellen comments

December 20, 2016 By

The safe-haven Japanese yen was up in early Asian trade on Monday after attacks in Germany and Turkey spooked investors, while regional stocks were steady as financial markets pondered upbeat comments from the Federal Reserve Chair Janet Yellen. Traders were also looking ahead to the Bank of Japan's rates decision later in the day, and while policy settings are set to be kept steady the focus will be on Governor Haruhiko Kuroda's take on surging global bond yields and the impact on rates in Japan. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 percent in early trade on Tuesday, while Tokyo's Nikkei was flat.

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Yen up after attacks in Germany, Turkey, stocks steady on Yellen comments

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Wells Fargo says account openings fall in November

December 16, 2016 By

The bank agreed in September to pay regulators $185 million to settle charges that its staff opened as many as 2 million accounts without customers' knowledge. Wells Fargo said on Friday consumer checking account openings fell 9 percent in November from the previous month, and were down 41 percent from a year earlier. The bank started reporting monthly figures on retail banking activity last moth as part of an effort to win back the trust of investors.

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Wells Fargo says account openings fall in November

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With bylaw tweaks, Apple grants activist one of three wishes

December 16, 2016 By

By Ross Kerber and Stephen Nellis BOSTON/SAN FRANCISCO (Reuters) – Apple Inc's board relaxed some rules for director nominations by outside investors but stopped short of broader changes sought by an activist shareholder. Just how much influence to give such investors has been a hot topic with the rise of activist shareholders who some executives fear may not have long-term corporate interests at heart. At Apple, this debate played out several years ago when billionaire activist investor Carl Icahn successfully urged an increase in share buybacks.

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With bylaw tweaks, Apple grants activist one of three wishes

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Yahoo says one billion accounts exposed in newly discovered security breach

December 15, 2016 By

Yahoo Inc warned on Wednesday that it had uncovered yet another massive cyber attack, saying data from more than 1 billion user accounts was compromised in August 2013, making it the largest breach in history. The number of affected accounts was double the number implicated in a 2014 breach that the internet company disclosed in September and blamed on hackers working on behalf of a government. News of that attack, which affected at least 500 million accounts, prompted Verizon Communication Inc to say in October that it might withdraw from an agreement to buy Yahoo's core internet business for $4.83 billion.

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Wall Street rises, buoyed by economic data; Dow sets high

December 5, 2016 By

U.S. services sector activity hit a one-year high in November, with a surge in production boosting hiring, following on the heels of Friday's employment report that showed strong job gains last month. “A lot of people were negative going into the election, or cautious, so now they’re scrambling year-end to own stocks,” said Alan Lancz, president of investment advisory firm Alan B. Lancz & Associates Inc in Toledo, Ohio. The Dow Jones industrial average rose 45.82 points, or 0.24 percent, to 19,216.24, the S&P 500 gained 12.76 points, or 0.58 percent, to 2,204.71 and the Nasdaq Composite added 53.24 points, or 1.01 percent, to 5,308.89.

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Wall Street rises, buoyed by economic data; Dow sets high

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