Bhinneka News Online: Breaking business news: Energy slumps, Amazon shines as Wall Street ends flat

Monday, 27 November 2017

Breaking business news: Energy slumps, Amazon shines as Wall Street ends flat

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Monday, November 27, 2017

Energy slumps, Amazon shines as Wall Street ends flat

(Reuters) - Wall Street's major indexes ended little changed on Monday, retreating modestly from record highs set during the session, as gains for Amazon countered losses in shares of energy companies.

U.S. Cyber Monday sales jump 17 percent, fewer deals on offer

(Reuters) - Cyber Monday was on track to become the biggest-ever internet shopping day in the United States as shoppers snapped up bargains on toys and electronics, with many more Americans shopping on their phones.

Exxon Mobil CEO makes first big changes to refining

HOUSTON (Reuters) - Exxon Mobil Corp Chief Executive Darren Woods is reorganizing the company's refining operations, part of a push to boost profits amid volatile oil and natural gas prices, the company said on Monday.

TransCanada to restart Keystone pipeline on Tuesday

CALGARY, Alberta (Reuters) - The Keystone crude oil pipeline will restart at reduced pressure on Tuesday, TransCanada Corp said, nearly two weeks after closing the line after it leaked 5,000 barrels of crude in rural South Dakota.

$10,000 in sight for bitcoin as it rockets to new record high

LONDON (Reuters) - Bitcoin's vertiginous ascent showed no signs of abating on Monday, with the cryptocurrency soaring to another record high just a few percent away from $10,000 after gaining more than a fifth in value over the past three days alone.

U.S. oil falls on Keystone restart, doubts about Russia's resolve

NEW YORK (Reuters) - U.S. oil prices fell more than 1 percent on Monday, easing from two-year highs on prospects of higher supply from a planned restart of the Keystone crude pipeline and uncertainty about Russia's resolve to join in extending output cuts ahead of this week's OPEC meeting.

Meredith to buy U.S. publisher Time in Koch-backed deal

(Reuters) - U.S. media company Meredith Corp said on Sunday it will buy Time Inc, the publisher of People, Sports Illustrated and Fortune magazines, in a $1.84 billion all-cash deal backed by conservative billionaire brothers Charles and David Koch.

Microcap stocks surge on cryptocurrency promises

(Reuters) - Three of the top four most actively traded U.S. stocks on Monday were all either riding a cryptocurrency-fueled surge, or pulling back from one.

UBS exits recruiting pact, following Morgan Stanley

NEW YORK (Reuters) - UBS Group AG's Wealth Management Americas said on Monday it was quitting a 13-year-old recruiting agreement that ended the practice of suing brokers who quit for jobs at competing firms, following a similar move by rival Morgan Stanley last month.

Unilever to buy U.S. bodycare products company Sundial Brands

LONDON (Reuters) - Anglo-Dutch consumer goods giant Unilever is to buy U.S.-based company Sundial Brands, a maker of hair and skincare products, expanding deeper into the fast-growing personal care products market.