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Thomas McInerney, a Yahoo board member and the former CFO of IAC/InterActive Corp., will lead the company to be renamed Altaba. There is now no word on how long she plans to stick with Yahoo and manage the transition but her old executive role is being handed over to board member...

The Saudis increased output in February by 263,000 barrels per day to 10 million bpd, after in January making a larger cut than required by an OPEC accord. According to direct communication, rather than continue its cuts, the country actually increased production between January...

U.S. President Donald Trump looks up while hosting a House and Senate leadership lunch at the White House in Washington, U.S. March 1, 2017.

From October (the month that Opec used for setting its production targets) to April, US production looks set to have risen by more than 500,000 b/d. and therein lies the current headache for Opec. The recent price slide is leading Canadian producers to revisit their spending...

Last October Qualcomm agreed to acquire fellow chipmaker NXP Semiconductors, a leader in the automotive computer chip market.

With the series leveled 1-1, Australia will try to retain the trophy with another win in the third Test to be played in Ranchi beginning March 16.

As he has done with other companies, Ackman bought in early and rose the stock to huge gains.

Blizzard conditions across the mid-Atlantic and Northeast caused flight delays and cancellations Monday at Orlando International Airport ahead of predicted 20-inches of snow through Tuesday. The FlightAware website said that 62% of all of its flights across its network would be...

Kuwait supports extending the agreement after its June expiry date to help rebalance the global market, he added.

The U.S. bishops “continue to reject the inclusion of abortion as part of a national health care benefit”, they said. Customers who now have the peace of mind in knowing they are covered if an unexpected health issue should arise and enjoy the financial security that...

A recovery in US oil output may deter OPEC and non-OPEC producers from extending production cuts beyond June and might lead to a new price war, Russia’s top oil major said on Monday.

Oil prices have been trading in a narrow $5 range around the low-to-mid-$50s over the past three months as sentiment in oil markets has been torn between rising stockpiles and increased shale production in the USA and hopes that oversupply may be curbed by output cuts announced...

The implied probability of a Fed rate hike has jumped to almost 100 per cent after Fed Chair Yellen said that a further increase in short term interest rates was likely to be appropriate at the Fed’s policy meeting on March 14 and 15 if employment and inflation continue to...

It estimates that the bill would reduce the federal deficit by $337 billion between 2017 and 2026.

The case for the U.S. Federal Reserve to raise interest rates later this week may have been sealed by another strong employment report.