 | | | | NEW YORK (Reuters) - Crude oil prices rose to 3-1/2-year highs on Wednesday following President Donald Trump's decision to withdraw the United States from a nuclear deal with Iran, a move that helped lift equity markets as Exxon Mobil, Chevron and other oil majors rallied. | | | | | | NEW YORK/MUMBAI (Reuters) - Walmart Inc said on Wednesday it will pay $16 billion for a roughly 77 percent stake in Indian e-commerce firm Flipkart in its largest-ever deal, an effort to compete with Amazon.com Inc in an important growth market. | | | | | | (Reuters) - A majority of Sturm Ruger & Co investors on Wednesday voted to support a call for the gun maker to produce a report on the safety of its products, in what shareholder activists called the first victory for such a proposal. | | | | | | ZURICH (Reuters) - Novartis confirmed it had a $1.2 million contract with the firm of Michael Cohen, U.S. President Donald Trump's personal lawyer, adding it soon realized it had made a mistake but had not been able to stop payments until the deal ended. | | | | | | (Reuters) - Wall Street rallied on Wednesday as surging oil prices boosted energy stocks following U.S. President Donald Trump's decision the previous day to quit a nuclear deal with Iran. | | | | | | WASHINGTON (Reuters) - U.S. producer prices barely rose in April after strong gains in the first quarter, held back by a moderation in the cost of services such as hotel accommodation and healthcare, which could ease fears that inflation pressures were rapidly building up. | | | | | | DETROIT (Reuters) - Ford Motor Co is working with a key supplier to shift some parts production from Michigan to Ontario, Canada, after a fire and subsequent parts shortages forced the automaker to halt manufacturing of its highly profitable full-size pickups, according to sources familiar with the companies' plans. | | | | | | (Reuters) - Ford Motor Co is working with a key supplier to shift some F-150 truck parts production from Michigan to Ontario after a May 2 fire caused Ford to halt production of its fullsize pickups, according to sources. | | | | | | (Reuters) - Rolls-Royce Holdings Plc Chief Operating Officer Simon Kirby will leave the company in June as the British manufacturer looks to streamline its business, it said in a memo to staff seen by Reuters. | | | | | | WASHINGTON (Reuters) - Boeing Co's chief executive said on Wednesday the company will ensure its 737 production will not be hurt after the United States revoked its license to sell jets to IranAir and that none of the 737 aircraft it had expected to sell to Iran were in its backlog of orders. | | | | | | May 9 (Reuters) - A majority of Sturm Ruger & Co investors on Wednesday voted to support a call for the gun maker to produce a report on the safety of its products, in what shareholder activists called the first victory for such a proposal. | | | | | |
