Oil prices jump as U.S. crude stocks fall, Middle East worries add support

Oil prices jump as U.S. crude stocks fall, Middle East worries add support
SYDNEY (Reuters) – Oil prices rose more than 1% on Wednesday to their highest in nearly a month as industry data showed U.S. crude stockpiles fell more than expected, underpinning a market already buoyed by worries over a potential U.S.-Iran conflict. A pumpjack is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. REUTERS/Christian Hartmann Front-month Brent crude... Read More

Asia stocks retreat after Fed tempers aggressive rate cut expectations

Asia stocks retreat after Fed tempers aggressive rate cut expectations
TOKYO (Reuters) – Asian stocks retreated on Wednesday and the dollar inched up from three-month lows after Federal Reserve officials tempered expectations in the markets for aggressive monetary easing. FILE PHOTO: A man is reflected on an electronic board showing a graph analyzing recent change of Nikkei stock index outside a brokerage in Tokyo, Japan, January 7, 2019. REUTERS/Kim Kyung-Hoon... Read More

U.S. launches criminal probe into alleged chicken price fixing by Tyson, rivals

U.S. launches criminal probe into alleged chicken price fixing by Tyson, rivals
FILE PHOTO: Tyson food meat products are shown in this photo illustration in Encinitas, California May 29, 2014. REUTERS/Mike Blake (Reuters) – The U.S. Department of Justice has begun a criminal probe into allegations that Tyson Foods Inc and other poultry processors including Pilgrim’s Pride Corp and Sanderson Farms Inc colluded to fix poultry prices, court documents show. The DOJ... Read More

Apple buys self-driving car startup Drive.ai

Apple buys self-driving car startup Drive.ai
The logo of Apple company is seen outside an Apple store in Bordeaux, France, March 22, 2019. REUTERS/Regis Duvignau (Reuters) – Apple Inc on Tuesday confirmed that it has acquired self-driving shuttle firm Drive.ai. Technology news website The Information reported earlier this month that the iPhone maker was considering acquiring the firm as a move to bring aboard some of... Read More

Kinder Morgan wins Texas court challenge, removing obstacle to $2 billion gas pipeline

Kinder Morgan wins Texas court challenge, removing obstacle to $2 billion gas pipeline
DENVER/HOUSTON (Reuters) – Kinder Morgan Inc can begin work on a $2 billion natural gas pipeline without having the Texas energy regulator approve its proposed route, a state judge ruled on Tuesday. FILE PHOTO: Helmets line a shelf in a control room at Kinder Morgan’s Westridge Terminal on Burrard Inlet in Burnaby, British Columbia, Canada November 17, 2017. Picture taken... Read More

U.S. aims to restart China trade talks, will not accept conditions on tariff use

U.S. aims to restart China trade talks, will not accept conditions on tariff use
WASHINGTON (Reuters) – The United States hopes to re-launch trade talks with China after President Donald Trump and President Xi Jinping meet in Japan on Saturday, but Washington will not accept any conditions around the U.S. use of tariffs in the dispute, a senior administration official said on Tuesday. FILE PHOTO: China’s President Xi Jinping, first lady Peng Liyuan, U.S.... Read More

FedEx profit beats estimates, warns of pain in 2020 from trade war

FedEx profit beats estimates, warns of pain in 2020 from trade war
(Reuters) – Package delivery company FedEx Corp beat Wall Street estimates for quarterly profit on Tuesday, but warned that U.S.-China trade tensions and the non-renewal of its contract with Amazon.com Inc would hurt its fiscal 2020 performance. FILE PHOTO: A Federal Express truck on delivery is pictured in downtown Los Angeles, California October 29, 2014. REUTERS/Mike Blake Shares of the... Read More

Oil prices climb amid fall in U.S. stockpiles, Middle East worries

Oil prices climb amid fall in U.S. stockpiles, Middle East worries
A pumpjack is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. REUTERS/Christian Hartmann SYDNEY (Reuters) – Oil prices rose over 1% on Wednesday to hit their highest in nearly a month as widely-watched data showed U.S. crude stockpiles fell more than expected, underpinning a market already buoyed by worries over potential U.S.-Iran conflict. Front-month Brent crude futures,... Read More

Asia stocks slip after Fed tempers aggressive rate cut expectations

Asia stocks slip after Fed tempers aggressive rate cut expectations
TOKYO (Reuters) – Asian stocks slipped on Wednesday and the dollar pulled back from three-month lows after Federal Reserve officials tempered expectations in the markets for aggressive monetary easing. FILE PHOTO: A man is reflected on an electronic board showing a graph analyzing recent change of Nikkei stock index outside a brokerage in Tokyo, Japan, January 7, 2019. REUTERS/Kim Kyung-Hoon... Read More

FAA reassigns three in office overseeing Southwest Airlines: source

FAA reassigns three in office overseeing Southwest Airlines: source
A Southwest airplane sits on the tarmac in Austin, Texas, U.S., March 12, 2019. REUTERS/Lucy Nicholson WASHINGTON (Reuters) – The Federal Aviation Administration has reassigned three managers in its office overseeing Southwest Airlines Co, a person briefed on the matter said on Tuesday. The FAA said in a statement that it takes “allegations regarding safety oversight and retaliation seriously ….... Read More