Energy BP’s Middle East chief isn’t worried about low oil prices, says $50 a barrel is ‘within range’ The British oil giant says it's planned its investments with wide price fluctuations in mind. But countries like Iraq may see cuts in capital spending from the public sector, putting vital reconstruction projects at risk. more info…
Read More »Business News GM to cut production at several plants, reduce salaried workforce by 15 percent The Detroit automaker said plants in Ohio, Michigan, Maryland, and Ontario, Canada will be "unallocated" in 2019 and it will cease operations at two additional plants outside of North America altogether by the end of next year. more info…
Read More »Business News FDA to overhaul more than 40-year-old process for approving medical devices amid scrutiny In modernizing the 510(k) approval process, the FDA wants medical device manufacturers to base new products on devices that are no older than 10 years old. Currently, companies can compare new devices to technology that's about 40 years old. more […]
Read More »Business News Fixing GE’s massive debt pile is ‘critical’ to corporate America, analyst says The U.S. firm has watched its share price crater more than 56 percent across 2018. more info…
Read More »Energy Oil limps higher after rout, investors remain glum Oil prices rose on Monday, scraping back some of the losses after the previous session's near-7 percent fall, although a darkening demand outlook and uncertainty over global economic growth limited gains. more info…
Read More »Reuters: Wealth How to do more good with your charitable dollars Doing double the good with your charitable dollars sounds like a no-brainer, but investors are just starting to catch on. more info…
Read More »Business News Mitsubishi Motors ousts Ghosn as chairman, follows Nissan’s footsteps The move follows his arrest and ouster from alliance partner Nissan last week for alleged financial misconduct. more info…
Read More »Energy US oil producers still have incentive to continue pumping: IHS Markit Victor Shum of IHS Markit says strong U.S. shale production "looms really large" for OPEC countries and their allies. more info…
Read More »Business News European markets open higher after EU backs PM May’s Brexit deal Europe began Monday's session on a positive note, with investors digesting fresh news surrounding Brexit. more info…
Read More »Business News Europe set for a higher open after EU backs PM May’s Brexit deal European stocks are set to open higher on Monday, as investors digest news surrounding Brexit. more info…
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