Category Archives: business

Brent oil pushes above $50 for first time in nearly seven months

Crude oil drips from a valve at an oil well operated by Venezuela’s state oil company PDVSA, in the oil rich Orinoco belt, near Morichal at the state of Monagas April 16, 2015. NEWS.GNOM.ES/Carlos Garcia Rawlins/File Photo More By Keith Wallis SINGAPORE (NEWS.GNOM.ES) – Brent oil futures climbed above $50 a barrel on Thursday for the first time in nearly seven months, boosted after U.S. government figures showed a sharper-than-expected drawdown in crude stocks last week. Continue reading

Oil prices top $50, Asian shares struggle on China worries

Visitors looks at an electronic board showing the Japan’s Nikkei average at the Tokyo Stock Exchange (TSE) in Tokyo, Japan, February 9, 2016. NEWS.GNOM.ES/Issei Kato More By Hideyuki Sano TOKYO (NEWS.GNOM.ES) – Brent crude oil rose above $50 a barrel for the first time in nearly seven months on Thursday but Asian shares struggled to gain traction, with worries about U.S Continue reading

Boeing reduces size of tech workforce amid competitiveness drive

The Boeing logo is seen at their headquarters in Chicago, in this April 24, 2013 file photo. NEWS.GNOM.ES/Jim Young/Files More NEW YORK (NEWS.GNOM.ES) – Boeing Co said on Wednesday it was reducing the size of its tech support unit as part of an ongoing drive to lower costs. The company declined to comment on how many Information Technology workers are being laid off, after the Seattle Times reported on Tuesday that hundreds of IT jobs were being cut. Continue reading

Automakers, tech companies decide to make deals, not war

A driver displays Uber and Lyft ride sharing signs in his car windscreen in Santa Monica, California, U.S., May 23, 2016. NEWS.GNOM.ES/Lucy Nicholson/Files More By Joseph White and Paul Lienert DETROIT (NEWS.GNOM.ES) – A flurry of deals between big automakers and ride hailing and transportation startups is rewriting the playbook in the contest to control the future of personal transportation. Continue reading

HP Inc profit beats Street amid weak market for PCs, printers

An attendee at the Microsoft Ignite technology conference walks past the Hewlett-Packard (HP) logo in Chicago, Illinois, May 4, 2015. NEWS.GNOM.ES/Jim Young More (NEWS.GNOM.ES) – HP Inc , which houses the former Hewlett-Packard Co’s legacy hardware business, reported a better-than-expected quarterly profit as aggressive cost cutting helped counter weak demand for personal computers and printers Continue reading

Asian shares look set to advance, oil prices eye $50

Visitors looks at an electronic board showing the Japan’s Nikkei average at the Tokyo Stock Exchange (TSE) in Tokyo, Japan, February 9, 2016. NEWS.GNOM.ES/Issei Kato More By Hideyuki Sano TOKYO (NEWS.GNOM.ES) – Asian shares look set to extend their recovery from 12-week lows on Thursday after renewed optimism on European banks’ prospects and a rise in oil prices to near $50 a barrel helped lift global shares. Australian share futures rose 0.6 percent overnight, while U.S.-traded Nikkei futures point to a gain of 1.0 percent in Japanese shares Continue reading

Bank ‘living wills’ light on information, but reveal problems: U.S. monitor

People stand next to windows above an exterior sign at the Lehman Brothers headquarters in New York in this September 16, 2008 file photo. September 14, 2009 marks the one year anniversary of the bankruptcy filing of Lehman Brothers. Picture taken September 16, 2008. Continue reading

Dollar stores’ results may shelter battered retail shareholders

A sign is seen outside a Dollar General store in Chicago, Illinois, U.S. May 23, 2016 Continue reading

McDonald’s headquarters closed due to worker wage protests

A McDonald’s restaurant is pictured in Encinitas, California September 9, 2014. NEWS.GNOM.ES/Mike Blake More LOS ANGELES (NEWS.GNOM.ES) – McDonald’s Corp has temporarily closed its headquarters for the third year in a row as worker wage protests targeted the fast-food company’s annual meeting, it said on Wednesday. McDonald’s, based in Oak Brook, Illinois, has encouraged employees to work from home, spokeswoman Lisa McComb said in an email. Continue reading

Exxon shareholders pass measure that may put climate expert on board

The logo of Down Jones Industrial Average stock market index listed company Exxon Mobil is seen in Encinitas, California April 4, 2016. NEWS.GNOM.ES/Mike Blake/File Photo More By Luc Cohen and Rory Carroll DALLAS/SAN RAMON, Calif. (NEWS.GNOM.ES) – Voters at Exxon Mobil Corp’s annual meeting on Wednesday approved a measure to let minority shareholders nominate outsiders for seats on the board, meaning a climate activist could eventually become a director at the world’s largest publicly traded oil company. Continue reading