Business News

(Reuters) – Tesla Inc said it suffered a fire Thursday night at its Fremont facility.

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(Reuters) – Wall Street rose on Friday boosted by higher oil prices after the OPEC agreed to a modest increase in output, but a drop in technology stocks capped gains.

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WASHINGTON (Reuters) – The U.S. Supreme Court ruled on Friday that companies can recover profits lost because of the unauthorized use of their patented technology abroad in a victory for Schlumberger NV, the world’s largest oilfield services provider.

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WASHINGTON (Reuters) – U.S. President Donald Trump threatened to impose a 20 percent tariff on all European Union-assembled cars coming into the United States, a month after the administration launched an investigation into whether auto imports pose a national security threat.

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VIENNA (Reuters) – OPEC agreed on Friday on a modest increase in oil production from next month after its leader Saudi Arabia persuaded arch-rival Iran to cooperate, following calls from major consumers to help reduce the price of crude and avoid a supply shortage.

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(Reuters) – Energy and bank stocks led the S&P and Dow higher on Friday, though a decline in technology shares capped gains and pushed the Nasdaq slightly lower.

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WASHINGTON (Reuters) – The U.S. Supreme Court ruled on Friday that companies can recover profits lost because of the unauthorized use of their patented technology abroad in a victory for Schlumberger NV, the world’s largest oilfield services provider.

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(Reuters) – U.S. stocks opened higher on Friday with the Dow ending its 8-day losing streak as bank stocks gained after passing the Federal Reserve’s annual regulatory stress test.

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TOKYO (Reuters) – Renault SA absorbing Nissan Motor Co. and Mitsubishi Motors Corp is not an option as the carmakers look to strengthen their partnership while retaining their autonomy, alliance chairman Carlos Ghosn said on Friday.

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VIENNA (Reuters) – OPEC agreed on Friday on a modest increase in oil production from July after its leader Saudi Arabia persuaded arch-rival Iran to cooperate amid calls from major consumers to help reduce the price of crude and avoid a supply shortage.

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CANNES, France (Reuters) – Former WPP boss Martin Sorrell denied on Friday that he had visited a prostitute and paid using company money when pressed on a stage in front of hundreds of people about why he had left the advertising giant he founded.

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BERLIN (Reuters) – Lufthansa’s budget carrier Eurowings expects the transfer of planes from collapsed rival Air Berlin planes into its fleet to be completed by the end of July, it said on Friday.

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LONDON (Reuters) – World shares rose on Friday but were set to end in the red for a second week running amid intensifying worries over the fallout of a trade dispute resulting from U.S. tariffs, while oil prices rose with an OPEC meeting underway.

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CANNES, France (Reuters) – Former WPP boss Martin Sorrell denied on Friday that he had visited a prostitute and paid using company money when asked on a stage in front of hundreds of people about why he had left the ad giant.

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LONDON (Reuters) – U.S. satellite operator Echostar has built a near 3 percent stake in Inmarsat , the British company that it is seeking to buy, stock exchange filings showed on Friday.

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