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BOWLING GREEN, Ky. (Reuters) – General Motors Co (GM.N) shifted health insurance costs for its striking workers to the United Auto Workers union as its members walked the picket line for the second day on Tuesday. The UAW on Monday launched the first company-wide strike at GM in 12 years, saying negotiations toward a new […]

FILE PHOTO: The logo of Toyota is seen on a car during the Prague Autoshow in Prague, Czech Republic, April 13, 2019. REUTERS/David W Cerny/File Photo WASHINGTON (Reuters) – Toyota Motor Corp said on Tuesday it was investing $391 million in its pickup truck assembly plant in San Antonio, Texas, as part of the Japanese […]

MILAN (Reuters) – The Benettons ushered in a change of guard at Italian infrastructure group Atlantia (ATL.MI), replacing its powerful CEO with a management committee, as they move to deal with fallout from a deadly bridge collapse. FILE PHOTO: Autostrade per l’Italia Chief Executive Giovanni Castellucci gestures during a news conference about the collapsed Morandi […]

NEW YORK (Reuters) – Oil prices tumbled about 6% on Tuesday after Saudi Arabia’s energy minister said the country has managed to restore oil supplies to where they stood before weekend attacks on its facilities shut 5% of global oil output. oil tankers sit anchored off the Fos-Lavera oil hub near Marseille, France, September 17. […]

NEW YORK (Reuters) – Oil prices dropped sharply on Tuesday after Saudi Arabia’s energy minister said the kingdom has fully restored its oil supply following an attack over the weekend that shut 5% of global oil output. Stocks edged higher and U.S. Treasury yields slipped ahead of an expected interest rate cut by the Federal […]

FILE PHOTO: An Adobe Systems Inc software box is seen in Los Angeles, California, U.S., March 13, 2017. REUTERS/Lucy Nicholson/File Photo (Reuters) – Adobe Inc (ADBE.O) on Tuesday forecast fourth-quarter revenue below Wall Street expectations as the software maker faces intense competition in a fast-growing cloud market, sending shares down 4.3% in after-market trading. The […]

(Reuters) – Wall Street ended higher on Tuesday as the impact of weekend attacks on Saudi Arabia’s biggest oil refinery faded and investors awaited a widely expected Fed interest rate cut on Wednesday. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 17, 2019. REUTERS/Brendan McDermid Stocks […]

WASHINGTON/DUBAI (Reuters) – The United States believes the attacks that crippled Saudi Arabian oil facilities last weekend originated in southwestern Iran, a U.S. official told Reuters on Tuesday, an assessment that further increases tension in the Middle East. Three officials, speaking to Reuters on condition of anonymity, said the attacks involved both cruise missiles and […]

WASHINGTON (Reuters) – A U.S. banking regulator on Tuesday proposed easing a rule requiring banks to set aside cash to safeguard derivatives trades between affiliates, marking one of the biggest wins for Wall Street lenders under the business-friendly Trump administration. FILE PHOTO: A dragonfly is seen on a Wall Street sign in New York September […]

FILE PHOTO: British Prime Minister Boris Johnson leaves after a meeting with Luxembourg’s Prime Minister Xavier Bettel in Luxembourg, September 16, 2019. REUTERS/Yves Herman LONDON (Reuters) – British Prime Minister Boris Johnson told Saudi Arabia’s Crown Prince Mohammed bin Salman on Tuesday that there should be a collective response to attacks on the country’s oil […]

FILE PHOTO: Grounded Boeing 737 MAX aircraft are seen parked in an aerial photo at Boeing Field in Seattle, Washington, U.S. July 1, 2019. Picture taken July 1, 2019. REUTERS/Lindsey Wasson/File Photo WASHINGTON (Reuters) – Federal Aviation Administration chief Steve Dickson has invited about 50 aviation safety regulators from around the world to a Sept. […]

Saudi Energy minister Prince Abdulaziz bin Salman is pictured during a news conference in Jeddah, Saudi Arabia September 17, 2019. REUTERS/Waleed Ali CAIRO (Reuters) – There will be no urgent OPEC meeting, the‮ ‬Saudi energy minister Prince Abdulaziz bin Salman said, Al Arabiya television reported on Tuesday after the weekend attacks on its facilities. No […]

JEDDAH, Saudi Arabia (Reuters) – Saudi Arabia will restore its lost oil output of 5.7 million barrels per day (bpd) by the end of September and has managed to recover oil supplies to the levels they were at prior to weekend attacks on its facilities by drawing from oil inventories. Saudi Energy minister Prince Abdulaziz […]

RIYADH/DUBAI (Reuters) – Billions of dollars spent by Saudi Arabia on cutting edge Western military hardware mainly designed to deter high altitude attacks has proved no match for low-cost drones and cruise missiles used in a strike that crippled its giant oil industry. Smoke is seen following a fire at Aramco facility in the eastern […]

NEW YORK (Reuters) – Oil prices dropped about 6% on Tuesday after Saudi Arabia’s energy minister said the kingdom has fully restored its oil production hit by an attack this weekend that shut 5% of global oil output. oil tankers sit anchored off the Fos-Lavera oil hub near Marseille, France, September 17. REUTERS/Jean-Paul Pelissier Saturday’s […]

WASHINGTON (Reuters) – U.S. Vice President Mike Pence on Tuesday said he believed Congress would act to pass a new U.S.-Mexico-Canada free trade agreement this year, providing important momentum for the U.S. economy. U.S. Vice President Mike Pence leaves Downing Street in London, Britain September 5, 2019. REUTERS/Simon Dawson Pence told a packed audience at […]

FILE PHOTO: Sergei Frank, president and chief executive of Russia’s Sovcomflot shipping company, attends the St. Petersburg International Economic Forum (SPIEF), Russia May 25, 2018. REUTERS/Sergei Karpukhin/File Photo MOSCOW (Reuters) – The chief executive of Russian state-controlled shipping giant Sovcomflot, Sergei Frank, will step down after 15 years in office, the office of Deputy Prime […]

DUBAI (Reuters) – At a weapons exhibition in July in Yemen’s Houthi-controlled capital Sanaa, military officials whipped silken sheets off what they said were newly-developed drones and missiles. Missiles and drone aircraft are seen on display at an exhibition at an unidentified location in Yemen in this undated handout photo released by the Houthi Media […]