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.
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Wall St. resumes fall as dollar hits 12-year high
U.S. stocks fell on Friday and the Dow and S&P 500 registered a third week of losses as the dollar resumed its climb, adding to worries about its impact on U.S. multinationals' earnings.
Oil drops 9 percent on week on stronger dollar, glut warning
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.
Fuji Media wins bid for Japan hotels over Orix, Morgan Stanley
A real estate arm of a Japanese media group Fuji Media Holdings edged out a fund run by Morgan Stanley (MS.N) and others to buy a hotel holding company from a Japanese government-controlled fund, people involved in the sale said.
EU blocks Hungary's 12 billion euro nuclear deal with Russia: FT
The European Union has backed Euratom's decision to block Hungary's 12 billion euro nuclear deal with Russia, a move that could worsen the situation between the Kremlin and Brussels, the Financial Times reported.
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Oil prices might have stabilized only temporarily because the global oil glut is worsening and U.S. production shows no sign of slowing, the International Energy Agency said on Friday.
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.
European equities were set for a sixth straight week of gains on Friday, fuelled by a dramatic slide in the euro on the back of the European Central Bank's bond-buying plan that has kept euro zone yields near record lows.
GlaxoSmithKline (GSK.L) has taken profits in Aspen Pharmacare (APNJ.J) by selling half its stake in the South African drugmaker for $853 million, following a long investment in the firm.
Broadband providers Sky and TalkTalk have called on Britain's telecoms regulator to break up BT, the market leader whose network they rely on, in the biggest review of the sector for a decade.
China's Alibaba Group Holding Ltd, the world's largest e-commerce firm, has begun hunting staff in Seattle, home turf of Amazon.com Inc and Microsoft Corp, focusing on savvy cloud computing hires as it ramps up U.S. operations.
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 world's largest watchmaker unveiled its riposte to Apple Inc's smartwatch on Thursday, announcing a plan to put cheap programmable chips in watches that will let wearers from China to Chicago make payments with a swipe of the wrist.
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.
