Oil Prices Little Changed As Dollar Gains, US Drawdown Seen
The dollar index rose marginally higher against a basket of currencies on Tuesday, as investors continued to factor in an increased chance of a near-term U.S. interest rate rise.
Tribune Gets $70.5M Investment From Billionaire Soon-Shiong
Los Angeles-based Patrick Soon-Shiong will hold about 12.9 percent in Tribune and join the publisher's board as vice chairman on June 2.
Chicago, Unions Reach Deal To Rescue City Pension Fund
While the city hailed the deal for the smallest of its four pension systems, a solution has yet to emerge for its largest fund.
Virginia Governor Under FBI Probe Over Campaign Donations: CNN
Investigators have "scrutinized" Terry McAuliffe's time as a board member of the Clinton Global Initiative, CNN reported.
Toyota Recalls 1.6M US Vehicles For Takata Airbags
Faulty Takata airbag inflators have been linked to more than 100 injuries and 13 deaths worldwide.
Unilever, L'Oreal, Henkel Vie For Vogue International: Report
The bids came just three years after a lawsuit hampered hair care company Vogue's effort to sell itself in a deal worth more than $800 million.
Stocks Dip, Yields Inch Up On Fed Rate Hike Talk
Global stock markets edged lower while short-dated U.S. Treasury yields held near two-month highs on Monday.
Key Brazil Minister Romero Juca To Step Aside Amid New Political Scandal
Planning Minister Romero Jucá said he would leave his post following a report that cited a recording of him allegedly conspiring to obstruct Brazil's corruption investigation.
Sanders To Get Say In Democratic Party Platform
The candidate will be allowed to name five members to the 15-member committee that writes the platform at the national convention even if he is not the nominee.
US Consumers Buck Investors’ Rush To Self-Driving Cars: Study
Consumers remain concerned about aspects of self-driving technology and still want the ability to manually control a self-driving vehicle.
Fed’s Bullard: Rates Too Low For Too Long Could Be Risky
A relatively tight labor market in the U.S. may exert upward pressure on inflation, raising the case for higher interest rates, he said.
Austrian Election: Far-Right Candidate Norbert Hofer Narrowly Defeated For Presidency
Alexander van der Bellen barely defeated Norbert Hofer for the presidency in an election viewed with anxiety across Europe.
Russian Economic Slump Shows Further Signs Of Easing
Retail sales, a barometer of domestic consumer demand, were down 4.8 percent, but the fall was less than the 5.8 percent seen in March.
Shake-Up In Israeli Politics Prompts ‘Seeds Of Fascism’ Warning
Conservative Prime Minister Benjamin Netanyahu turned his back on a deal to bring the center-left into his coalition, instead joining hands with a far-right nationalist.
Blasts Kill More Than 100 In Syrian Government Coastal Heartland: Monitor
The Islamic State group claimed responsibility for multiple bomb attacks in two Syrian cities on the Mediterranean coast.
Exclusive: Tribune Publishing To Reject Gannett Offer, Will Share Info, Sources Say
Gannett’s pursuit of Tribune comes at a challenging time for newspapers, which are grappling with shrinking advertising dollars and a broad move toward digital content.
Obama: Hiroshima Visit To Emphasize Current US Ties With Japan
Barack Obama will become the first sitting U.S. president to tour the site of the world’s first nuclear bombing this Friday.
Sumner Redstone Plans To Add National Amusements Executive To Trust: Sources
The 92-year-old media mogul plans to name general counsel Tad Jankowski to the seven-person trust that may determine the fate of both Viacom and CBS, Reuters reported.
Oil Prices Dip In Asian Trade On Strong Dollar, Firm Global Supplies
In a further sign of abundant supply, the number of rigs operated by U.S. drillers was steady last week for the first time this year.
Spanish Journalist Salud Hernandez Feared Kidnapped By Colombian Rebels
Salud Hernandez, who works for Spain’s El Mundo and other newspapers, was reporting on the illegal drugs industry.
Japan April Exports Suffer Biggest Drop In 3 Months, Bode Ill For Growth
A stronger yen and weakness in China and other emerging markets are taking a toll on Japanese shipments.
Asian Shares, Dollar Start Week Off On Strong Footing
The dollar moved away from recent highs Monday but remained supported as investors bet that the U.S. Federal Reserve was on track to raise rates sooner rather than later.
Dollar Consolidates After Posting A Third Week Of Gains
Recent comments from Federal Reserve officials have convinced many analysts and investors that a rate hike in June or July is a real possibility.
Iran Has No Plans To Freeze Oil Exports, Official Says Ahead Of OPEC Meeting
The country's oil exports were hurt by Western sanctions and since these were scrapped in January, it has been determined to build them back up.
Obama Arrives In Vietnam, Seeks To Turn Old Foe Into New Partner
President Obama aims to boost defense and economic ties with the country's communist rulers while also prodding them on human rights, aides say.
Heavy Airstrikes Hit Rebel Road To Syria's Aleppo: Monitor, Rebels
The city, about 30 miles south of the Turkish border, is divided between the government and rebels fighting to topple the Syrian president.
Ken Loach Wins 2nd Cannes Palme d’Or With ‘I, Daniel Blake’
The Iranian film “Forushande” (The Salesman) received two awards at the Cannes Film Festival, for Best Screenplay and Best Actor.
Greek Parliament Approves Reforms In Exchange For Aid, Debt Relief
Athens hopes the measures will help it unlock funds it needs to pay IMF loans and ECB bonds maturing in July.
Anthem-Cigna Merger Squabbles Could Delay Antitrust Approval: WSJ
The quarrels could delay or derail antitrust approvals, though the deal does not appear to be in danger of imminent collapse, according to reports.
Philippines Leader Duterte Vents At ‘Hypocritical’ Catholic Church
It was not the first time he has taken aim at the church; he once chided Pope Francis for holding up traffic when he visited Manila.
