Exclusive: Saudi’s Falih says not sure there is oil shortage, OPEC will act

Exclusive: Saudi’s Falih says not sure there is oil shortage, OPEC will act
Saudi Minister of Energy Khalid al-Falih speaks during financial sector conference in Riyadh, Saudi Arabia April 24, 2019. REUTERS/Stringer. JEDDAH, Saudi Arabia (Reuters) – Saudi Arabia’s Energy Minister Khalid al-Falih said on Saturday that OPEC will be responsive to the oil market’s needs, but that he was not sure there is an oil shortage with data, particularly from the United... Read More

Exclusive: U.S. may scale back Huawei trade restrictions to help existing customers

Exclusive: U.S. may scale back Huawei trade restrictions to help existing customers
(Reuters) – The U.S. Commerce Department said on Friday it may soon scale back restrictions on Huawei Technologies after this week’s blacklisting would have made it nearly impossible for the Chinese company to service its existing customers. FILE PHOTO: A woman looks at her phone as she walks past a Huawei shop in Beijing, China May 16, 2019. REUTERS/Thomas Peter/File... Read More

Exclusive: U.S. says it may scale back some Huawei trade restrictions

Exclusive: U.S. says it may scale back some Huawei trade restrictions
A Huawei logo is seen at an exhibition during the World Intelligence Congress in Tianjin, China May 16, 2019. REUTERS/Jason Lee (Reuters) – The U.S. Commerce Department may soon scale back restrictions on Huawei Technologies after a recent blacklisting made it nearly impossible for the Chinese company to purchase goods made in the United States, a department spokesperson said on... Read More

Wynn Resorts in talks to sell $2.6-billion Massachusetts casino to MGM

Wynn Resorts in talks to sell $2.6-billion Massachusetts casino to MGM
FILE PHOTO: The Encore Casino, built by Wynn Resorts in Everett, Massachusetts, U.S., April 1, 2019. REUTERS/Brian Snyder/File Photo (Reuters) – Wynn Resorts Ltd is in talks to sell its nearly finished $2.6 billion casino outside of Boston to rival MGM Resorts International, the two companies said on Friday. Las Vegas-based Wynn received its Massachusetts license in 2013, allowing it to... Read More

Wynn Resorts in talks to sell $2.6-billion Encore casino to MGM

Wynn Resorts in talks to sell $2.6-billion Encore casino to MGM
FILE PHOTO: The Encore Casino, built by Wynn Resorts in Everett, Massachusetts, U.S., April 1, 2019. REUTERS/Brian Snyder/File Photo (Reuters) – Wynn Resorts Ltd is in talks to sell its nearly finished $2.6 billion casino outside of Boston to rival MGM Resorts International, the two companies said on Friday. Las Vegas-based Wynn received its Massachusetts license in 2013, allowing it to... Read More

Lyft is sued by investors over IPO

Lyft is sued by investors over IPO
FILE PHOTO: The Lyft logo is seen on a parked Lyft Scooter in Washington, U.S., March 29, 2019. REUTERS/Brendan McDermid/File Photo (Reuters) – Lyft is sued by investors over its initial public offering – court filing Lawsuit also names Lyft executives and bank underwriters as defendants. Lawsuit claims Lyft misled investors about its ridesharing position, bicycle safety issues, and labor... Read More

Wall St. falls as trade anxieties spike

Wall St. falls as trade anxieties spike
NEW YORK (Reuters) – Wall Street ended lower on Friday as continuing trade tensions pulled industrial and tech shares down, and the Dow capped a fourth straight week of losses in its longest weekly losing streak in three years. While all three major U.S. indexes struggled for direction for much of the session, they turned decisively negative following a report... Read More