HOUSTON (Reuters) – Several major Occidental Petroleum Corp shareholders have voiced opposition to the oil company’s $38 billion bid for rival Anadarko Petroleum Corp that now includes a pricey financing deal with billionaire Warren Buffett. Occidental and Chevron Corp are battling for Anadarko and its holdings of nearly a quarter million acres in the Permian […]

MONTREAL (Reuters) – Canada’s Bombardier Inc on Thursday shied away from pledges to meet 2020 financial objectives, and shares of the train and plane manufacturer sank as much as 10 percent in morning trading, as company cited headwinds in its rail division and announced new restructuring efforts. The plane-and-train maker said it would unite its […]

Driving while distracted is nothing new, but new distractions for drivers pop up all the time. While carmakers and tech companies have worked to keep drivers from checking their phones, the most effective safety features may be the technology that is laying the foundation for autonomous cars. This advanced driver-assistance technology can automatically bring a […]

SINGAPORE – Freehold K Hotel in Geylang has been launched for sale at an asking price of $25 million, exclusive marketing agent JLL announced on Thursday (May 2). Located in the city fringe, K Hotel occupies a land area of 3,725 square feet, and an estimated gross floor area (GFA) of 12,238 sg ft, equivalent […]

WASHINGTON (Reuters) – The U.S. Federal Reserve on Wednesday held interest rates steady and signaled little appetite to adjust them any time soon, taking heart in continued job gains and economic growth and the likelihood that weak inflation will edge higher. “We think our policy stance is appropriate at the moment; we don’t see a […]

WASHINGTON (Reuters) – The U.S. House Transportation and Infrastructure Committee will hold a May 15 hearing on the grounded Boeing 737 MAX and the Federal Aviation Administration’s (FAA) aircraft certification program, three people briefed on the matter said on Wednesday. The committee said the hearing to be held by its aviation subcommittee will be on […]

“RuPaul’s Drag Race” and its behind-the-scenes spinoff, “Untucked,” are cultural touchstones that have launched catchphrases and minted stars. But neither series has ever lit up the ratings. Recent episodes of each series garnered only a few hundred thousand viewers and were the 285th and 359th most-viewed shows in the cable ratings for the week of […]

WASHINGTON (Reuters) – U.S. manufacturing activity slowed to a 2-1/2-year low in April amid a sharp drop in new orders while construction spending unexpectedly fell in March, suggesting economic growth was moderating after surging in the first quarter. One of the reports from the Institute for Supply Management (ISM) on Wednesday showed businesses increasingly anxious […]

A group of auto-manufacturing workers from the London area are celebrating a million-dollar lottery win. Officials with the Ontario Lottery and Gaming Corporation (OLG) say 11 people from Formet Industries in St. Thomas had the winning ticket for a Maxmillions prize in the Dec. 14 LOTTO MAX draw. “It’s so amazing! Our work group has […]

(Reuters) – Allergan Plc is on course to defeat a non-binding shareholder resolution tabled by David Tepper’s hedge fund Appaloosa LP that would have instructed the drugmaker’s CEO Brent Saunders to immediately give up his role as chairman, people familiar with the matter said on Tuesday. A loss would have been bruising for Saunders, a […]