Murdoch's Twenty-First Century Fox bids $14 billion for UK's Sky

NEW YORK/LONDON – Rupert Murdoch’s Twenty-First Century Fox Inc has struck a preliminary deal to buy the 61 percent of British pay-TV firm Sky Plc it does not already own for around $14 billion, five years after a political…

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Saudis order oil cuts to U.S., Europe before non-OPEC talks

VIENNA – Saudi Arabia has told its U.S. and European customers it will reduce oil deliveries from January, as Russia said it was confident non-OPEC producers would fully join OPEC’s output limits on Saturday in the first such move since 2001.

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Trump to name Goldman executive Cohn to key economic post

BATON ROUGE, La. – U.S. President-elect Donald Trump will likely ask a senior Goldman Sachs banker to coordinate economic policy across his administration, turning again to Wall Street for expertise in managing the world’s largest economy, a transition…

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J. Crew makes preparations for possible debt restructuring: sources

U.S. apparel retailer J. Crew Group Inc is taking steps to negotiate with its creditors about cutting the value of its approximately $2 billion debt load, as its struggles with falling sales, people familiar with the matter said on Friday.

A…

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South Arabia energy minister 'optimistic' for meeting with non-OPEC countries

VIENNA – Saudi Arabia’s energy minister Khalid al-Falih said on Friday he was “very optimistic” about a meeting between OPEC and non-OPEC producing countries in Vienna on Saturday.

Asked whether he expected any non-OPEC country but Russia to…

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Oil edges up about 1 percent on optimism over non-OPEC output cuts

NEW YORK – Oil prices rose about 1 percent on Friday on hopes that non-OPEC producers meeting in Vienna over the weekend would agree to output restrictions following limits OPEC announced last week to curb an oil glut.

Both Brent and U.S crude…

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Wall Street rises with Treasury yields, euro slides

NEW YORK – U.S. stocks closed higher on Friday as more investors piled in on the presidential election rally while the euro continued to weaken after the European Central Bank’s decision a day earlier to extend economic stimulus.

U.S. Treasury…

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Trump packs trade team with veterans of steel wars with China

WASHINGTON – President-elect Donald Trump is stacking his trade transition team with veterans of the U.S. steel industry’s battles with China, signaling a potentially more aggressive approach to U.S. complaints of unfair Chinese subsidies for its exports and…

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Hawkish Fed a potential speed bump for stock bulls

NEW YORK – Next week’s Federal Reserve meeting and possible signals on the pace of rate hikes for next year could pose the biggest risk yet to the rally the U.S. stock market has seen since last month’s presidential election.

While investors…

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U.S. agency concerned about destroyed, lost phones in VW probe

WASHINGTON – A U.S. agency involved in settlement talks with Volkswagen AG over its diesel emissions scandal has raised concerns about nearly two dozen mobile phones destroyed or lost by the German carmaker.

The Federal Trade…

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