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Wall Street turns positive as oil powers energy stocks
(Reuters) – U.S. stocks reversed course to trade higher on Thursday as energy shares climbed after oil prices hit $80 per barrel for the first time since November 2014.
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RED's Hydrogen One will be available at AT&T and Verizon this summer
Today, AT&T and Verizon both announced they will carry the first holographic …read more […]
Business News
Wall Street slips as Cisco drags, bond yields rise
(Reuters) – Wall Street’s main indexes dropped on Thursday as U.S. bond yields climbed to a seven-year high and Cisco’s forecast disappointed, while looming Sino-U.S. trade talks added to the jitters.
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Exclusive: As Rosneft's Vietnam unit drills in disputed area of South China Sea, Beijing issues warning
Rosneft Vietnam BV, a unit of Russian state oil firm Rosneft, is concerned that its recent drilling in an area of the South China Sea that is claimed by China could upset Beijing, two sources with direct knowledge of the situation told Reuters on Wednesday. Rosneft said on Tuesday its Vietnamese unit had started drilling at the LD-3P well, part of the Lan Do “Red Orchid” offshore gas field in Block 06.1, 370 kms (230 miles) southeast of Vietnam. The block is “within the area outlined by China’s nine-dash line,” according to energy consultancy and research firm Wood …read more […]
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AT&T will carry RED’s crazy ‘holographic’ handset
RED’s Hydrogen One handset is one of those devices we’ll believe when we …read more […]
Business News
Ocado shares soar on major deal with Kroger to enter the U.S
LONDON (Reuters) – Britain’s online supermarket Ocado clinched a game-changing deal with Kroger as its exclusive partner in the U.S., securing its entry into the world’s biggest market and sending its shares soaring more than 50 percent on Thursday.
Business News
Wells Fargo employees altered business customers’ information: WSJ
(Reuters) – Some employees in a Wells Fargo & Co unit that handles business banking improperly changed information on documents related to corporate customers, the Wall street Journal reported on Thursday, citing people familiar with the matter.
Business News
U.S. re-examining penalties on China’s ZTE: White House adviser
WASHINGTON (Reuters) – White House economic adviser Larry Kudlow said on Thursday the United States was taking a second look at penalties imposed on Chinese telecommunications company ZTE Corp , not waiving the enforcement action altogether.
Business News
U.S., China launch trade talks to avert tariff war, economic damage
WASHINGTON (Reuters) – The United States and China launch a second round of trade talks on Thursday to try to avert a damaging tariff war, with the Trump administration demanding a $200 billion cut in China’s U.S. trade surplus and greater protections for intellectual property.
Business News
U.S. weekly jobless claims rise; mid-Atlantic factory activity picks up
WASHINGTON (Reuters) – New applications for U.S. jobless benefits increased more than expected last week, but the number of Americans on unemployment rolls fell to its lowest level since 1973, pointing to diminishing labor market slack.
Business News
Wall Street set to open lower as bond yields rise, Cisco weighs
(Reuters) – Wall Street was on pace to open lower on Thursday, weighed down by U.S. Treasury yields hitting fresh seven-year highs and Cisco’s disappointing forecast, while looming Sino-U.S. trade talks added to the jitters.
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Nissan follows Tesla with an all-in-one solar storage package
After making strides in the electric car market, Nissan has set its sights on …read more […]
Business News
Diesel fallout is responsibility of carmakers: German minister
BERLIN (Reuters) – German carmakers will have to take responsibility for the fallout from their cheating in diesel cars’ emission tests, Transport Minister Andreas Scheuer said on Thursday.
Business News
U.S. weekly jobless claims rise; unemployment rolls smallest in 45 years
(Reuters) – New applications for U.S. jobless benefits increased more than expected last week, but the number of Americans on unemployment rolls fell to its lowest level since 1973, pointing to diminishing labor market slack.
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Trump draws rebuke for ‘animal’ remark at immigration talk
While railing against California for its so-called sanctuary immigration policies, President Donald Trump referred to some people who cross the border illegally as “animals” — drawing a sharp rebuke from Democratic leaders for the harsh rhetoric. Trump’s remark at meeting with local leaders was in response to a complaint about gang members. “We have people coming into the country, or trying to come in — and we’re stopping a lot of them,” Trump said during the immigration round table after a sheriff commented about gangs. …read more […]