Global oil prices tumbled on Friday and fell 9 percent on the week, hit by a renewed rally in the dollar and a warning by the International Energy Agency (IEA) that the oil glut is growing.
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Coyote Logistics prepares for IPO of more than $2 billion: WSJ
Transportation and logistics services company Coyote Logistics LLC is in talks with banks to prepare for an initial public offering, the Wall Street Journal reported on Friday, citing sources.
Uber in deal with China's BYD to test electric cars
Uber Inc said on Friday it struck a deal with Chinese automaker BYD Co Ltd to test a fleet of electric cars for its drivers. The test program, which kicked off a few weeks ago in Chicago and could eventually expand to other cities, is the Silicon Valley startup's first attempt to focus on an electric vehicle, said Uber spokeswoman Lauren Altmin."We've seen interest in the program already from current and potential Chicago partners (drivers)," Altmin said.
Valeant plans to raise offer for Salix close to $170/share: source
Valeant Pharmaceuticals International Inc (VRX.TO) plans to raise its bid for Salix Pharmaceuticals Ltd (SLXP.O) close to $170 per share, a person familiar with matter told Reuters.
Coke CEO's declined bonus not enough for pay critic Winters
A decision by Coca-Cola Co's chief executive to decline his 2014 bonus did not go far enough, a well-known pay critic said Friday, indicating the company could face more scrutiny of its compensation ahead of its shareholder meeting this spring.
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The United Steelworkers union and oil companies have reached a tentative deal to end the largest U.S. refinery strike in 35 years, the labor group and people familiar with the negotiations said on Thursday.
Corporate America's profit engine may be running out of steam. Wall Street analysts, expecting two quarters of declining earnings, are banking on a second-half recovery to keep 2015 from becoming the worst year for profits since the last recession.
United Technologies Corp's (UTX.N) chief executive officer said on Thursday that the company will spend $1 billion on acquisitions this year, "maybe a little bit more," even as he eyes bigger targets.
The U.S. Senate Intelligence Committee voted 14-1 on Thursday to approve a bill intended to enhance information sharing between private companies and intelligence agencies about cybersecurity threats.
International Business Machines Corp is considering adopting the underlying technology behind bitcoin, known as the "blockchain," to create a digital cash and payment system for major currencies, according to a person familiar with the matter.
U.S. retail sales unexpectedly fell in February as harsh weather kept consumers from auto showrooms and shopping malls, tempering the outlook for first-quarter growth and a June interest rate increase by the Federal Reserve.
In the weeks leading up to the U.S. Federal Reserve's annual stress test of major banks, a former risk executive of Deutsche Bank AG repeatedly warned senior managers of the German bank's U.S. unit that they were painting a far too rosy picture of the bank's health.
Intel Corp (INTC.O) slashed nearly $1 billion from its first-quarter revenue forecast as small businesses put off upgrading their personal computers, sending the chipmaker's shares down more than 5 percent.
U.S. stocks rose in a broad rally on Thursday, bouncing back from two days of losses, helped by weaker retail sales that paused the dollar's recent rally and tempered the outlook for interest rates.
