Business
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US refiners are facing the prospects of weakening gasoline demand for the first time in 5 years
Feb 5, 2017News Hour: U.S. refiners are facing the prospects of weakening gasoline demand for the first time in five years, stoking fears that earnings this year may be even worse than the dismal performances seen in 2016.... -
German Fish distributor Deutsche See to sue Volkswagen over diesel scandal
Feb 5, 2017News Hour: Fish distributor Deutsche See is suing Volkswagen for misrepresenting a fleet of vehicles it leased as environmentally friendly, becoming the first major German customer to sue Europe’s biggest carmaker over its diesel-test cheating. Volkswagen... -
Iran extends deadline for bids on oil and gas projects
Feb 5, 2017News Hour: Iran has extended a deadline for bids on oil and gas projects, urging Britain’s BP to join major international companies that have already applied, local media reported on Saturday. The bidding round for exploration... -
US job creation surged in January
Feb 4, 2017News Hour: US job creation surged in January while the unemployment rate drifted marginally higher as more people joined the job hunt, the Labor Department reported on Friday. With hiring up in retail, construction and the... -
LabCorp is in talks to acquire PPD for more than $8 billion
Feb 4, 2017News Hour: Laboratory Corporation of America Holdings (LabCorp) is in talks to acquire contract researcher Pharmaceutical Product Development LLC (PPD) for more than $8 billion, including debt, people familiar with the matter said on Friday. Such... -
The US Department of Defense and Lockheed announced agreement worth about $8.5 billion for 90 F-35 jets
Feb 4, 2017News Hour: The Department of Defense and Lockheed Martin Corp announced on Friday an agreement worth about $8.5 billion for 90 F-35 jets, the lowest price to date for the Pentagon’s most expensive program. The deal... -
Google to sell Terra Bella to Planet Labs
Feb 4, 2017News Hour: Alphabet Inc’s Google said on Friday it would sell its satellite imaging business, Terra Bella, to Planet Labs, a San Francisco-based private satellite operator founded by former NASA scientists. The financial terms of the deal... -
Alibaba Group expanded business in Australia and New Zealand
Feb 4, 2017News Hour: Chinese online retailer Alibaba Group opened its Australian and New Zealand headquarters in Melbourne on Saturday, its first expansion in the region as it seeks to tap growing global demand for products from the... -
US stocks returned to record following a solid jobs report and a move by Donald Trump
Feb 4, 2017News Hour: US stocks returned to record territory on Friday following a solid jobs report and a move by President Donald Trump to roll back banking regulations enacted after the 2008 financial crisis. The Nasdaq finished... -
Snap Inc shot the opening salvo in its $3 billion initial public offering
Feb 3, 2017News Hour: Snapchat owner Snap Inc shot the opening salvo in its $3 billion initial public offering on Thursday, outlining aggressive expansion plans but offering new investors no say on how the company is run and...
