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Sigmar Gabriel

German economy minister plays down boost from EU-U.S. trade deal: magazine

Germany's economy minister warned on Saturday against overblowing expectations for an economic boost from a trade deal between the United States and European Union but said the pact was needed to set high common standards for consumers.

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Offshore oil platform

New U.S. offshore oil drilling rule planned: New York Times

The United States is planning to impose a major new regulation on offshore oil and gas drilling to try to prevent the kind of explosions that caused the catastrophic BP Plc (BP.L) oil spill in the Gulf of Mexico, the New York Times reported on Friday, citing Obama administration officials.

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Japan's Nikkei

Nikkei tops 20,000, European shares hit 15-year high

World shares tested record highs on Friday as hopes of more easy money from top central banks pushed Japan's Nikkei past 20,000 points for the first time in 15 years and European stocks reached similar heights.

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Nippon Life Insurance Company

Nippon Life seeks acquisition targets including asset management firms

Nippon Life Insurance Co [NPNLI.UL] is looking for acquisition targets both in developed and emerging markets, including asset managers in the United States, as the domestic-focused insurer seeks to diversify sources of income.

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U.S.-Cuba relationship

Cuba says U.S. companies won't get preferential treatment

U.S. companies can expect the same treatment as those from the rest of the world, receiving neither special benefits nor punishment, if there is a further commercial opening between Cuba and the United States, Cuba's foreign trade minister said.

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Gas station

Oil jumps 5 percent on tempered Iran view, slower U.S. inventory rise

Oil prices jumped more than 5 percent on Monday as traders reassessed how quickly Iran might increase exports after a preliminary nuclear deal and anticipated that a months-long rise in U.S. crude inventories may be slowing.

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Toyota Motor Corp

Toyota to end expansion freeze, invest $1.3 billion in two new Mexico, China plants: sources

Japan's Toyota Motor Corp (7203.T) will spend about 150 billion yen ($1.3 billion) to build two new car plants in Mexico and China, two people familiar with plans said, ending a three-year freeze imposed after unchecked growth lumbered the world's biggest auto maker with too many idle production lines.

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IBM

IBM hire advisers to deal with restless investors - sources

Some top shareholders of IBM, disappointed by 11 straight quarters of falling revenues, are seeking help from activist investors to shake up the company, but have been turned down by both Bill Ackman's Pershing Square and Jeffrey Ubben's ValueAct, according to people with knowledge of the matter.

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McDonald's

McDonald's raising average worker wage to about $10 an hour

McDonald's Corp (MCD.N) plans to raise the average pay of about 90,000 U.S. workers to around $10 an hour, but the increase will not benefit workers at the vast majority of the restaurants, because they are operated by franchisees, who make their own wage decisions.

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Mercedes-Benz

Automakers profit from luxury models, North America, China -McKinsey

The world's biggest automakers increasingly are making money by producing luxury models and reaping profits in China and North America, management consulting firm McKinsey & Co said in a report issued on Wednesday.

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Moscow

Hamleys opens its largest toy store in Moscow despite economic crisis

British toy store Hamleys opened its largest shop in the world on Tuesday in central Moscow despite an economic downturn in Russia that is forcing buyers to cut back on spending.

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Pumpjack

Oil deepens loss on Iran talks; Brent ends March down 12 percent

Oil fell for a third straight session on Tuesday, with Brent crude tumbling 12 percent for the month, as world powers entered into intense negotiations with Iran for a nuclear deal that could bring more of its oil to an oversupplied market.

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Ford

Ford revives the Lincoln Continental, aims at U.S. and China

Ford Motor Co (F.N) will resurrect the Lincoln Continental as its top-of-the line luxury sedan, betting the classic name will help rebuild the brand's image in the United States and China.

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Gas station

California motorists hit the road again: Kemp

California's gasoline sales are rising at some of the fastest rates for a decade, as an improving economy and lower fuel prices encourage more driving, according to state tax records.

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Mercedes-Benz

Mercedes to launch a pickup truck outside the United States

German carmaker Mercedes-Benz plans to launch a mid-sized pickup truck, expanding its premium brand into a lower-priced bracket in a bid to narrow the sales gap with arch rival BMW (BMWG.DE).

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