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IEA chief says oil price bottoming depends on global growth

A worker at an oil field owned by Bashneft, Bashkortostan, Russia, in this January 28, 2015 file photo. Reuters/Sergei Karpukhin International Energy Agency (IEA) chief Fatih Birol said on Sunday that oil prices may have bottomed out, providing that the … Continue reading

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IEA chief says oil price bottoming depends on global growth

A worker at an oil field owned by Bashneft, Bashkortostan, Russia, in this January 28, 2015 file photo. Reuters/Sergei Karpukhin International Energy Agency (IEA) chief Fatih Birol said on Sunday that oil prices may have bottomed out, providing that the … Continue reading

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Berkshire preliminary first-quarter operating profit falls

Warren Buffett on Saturday said preliminary first-quarter profit at his Berkshire Hathaway Inc (BRKa.N) (BRKb.N) fell about 12 percent, hurt by weaker performance in its railroad and insurance operations. Quarterly operating profit for the Omaha, Nebraska-based insurance and investment conglomerate … Continue reading

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German finmin criticizes Volkswagen management over bonuses: paper

Germany’s finance minister Wolfgang Schaeuble has criticized the executive board of scandal-ridden carmaker Volkswagen for not waiving bonuses despite bringing the company to the brink of collapse. “I have no sympathy for managers who first drive a large blue chip-listed … Continue reading

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Daimler hires Deloitte for internal emissions probe

Car bonnet emblems for Mercedes-Benz S-class models are pictured at a plant in Sindelfingen near Stuttgart January 28, 2015. Reuters/Michael Dalder Daimler (DAIGn.DE) has hired auditor Deloitte Touche Tohmatsu to help with an internal investigation into its diesel-engine emissions technology … Continue reading

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Air France-KLM to name Jean-Marc Janaillac as new CEO: source

An Air France pilot looks on as he taxis his Boeing 777 aircraft after landing at the Charles de Gaulle International Airport in Roissy, near Paris, October 27, 2015. Reuters/Christian Hartmann Air France-KLM’s (AIRF.PA) board is to appoint Jean-Marc Janaillac … Continue reading

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United Airlines cuts COO Hart’s pay by $1 million over Port Authority probe

A United Airlines Boeing 787 Dreamliner touches down at San Francisco International Airport, San Francisco, California, in this April 11, 2015, file photo. Reuters/Louis Nastro United Continental Holdings Inc (UAL.N) said in a proxy statement Friday that it cut the … Continue reading

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With weak earnings in tow, focus turns to jobs data

Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York April 12, 2016. Reuters/Lucas Jackson Coming off a barrage of flimsy company earnings reports that included Apple’s first revenue drop in … Continue reading

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Puerto Rico government bank reaches debt deal with some credit unions

The Government Development Bank (GDB) is seen in San Juan, November 30, 2015. Reuters/Alvin Baez/File Photo Puerto Rico’s Government Development Bank said it has reached a deal with credit unions to avoid defaulting on about $33 million of debt due … Continue reading

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Berkshire’s Clayton sees upturn in business despite critics

Berkshire Hathaway CEO Warren Buffett talks to reporters while holding an ice cream at a trade show during the company’s annual meeting in Omaha, Nebraska May 3, 2014. Reuters/Rick Wilking Clayton Homes, the mobile home unit of Warren Buffett’s Berkshire … Continue reading

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