Business

Oil slips on global supply fears even as OPEC mulls cut

Oil slips on global supply fears even as OPEC mulls cut

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NEW YORK (Reuters) - Oil futures fell about 1 percent on Monday amid global oversupply worries, but losses were muted as investors eyed potential sanctions on Iran from the European Union, a possible production cut from OPEC and slightly bullish storage drawdown in U.S. crude stocks. A rainbow is seen over a pumpjack during sunset…
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GE shakes up power unit leadership, taps retired executive to help

GE shakes up power unit leadership, taps retired executive to help

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(Reuters) - General Electric Co (GE.N) shook up its ailing power business on Monday, appointing a new CEO for gas power and bringing a longtime GE executive back from retirement to help. FILE PHOTO: The General Electric logo is pictured on the General Electric offshore wind turbine plant in Montoir-de-Bretagne, near Saint-Nazaire, western France, November…
Nissan to oust Ghosn after arrest for alleged financial misconduct

Nissan to oust Ghosn after arrest for alleged financial misconduct

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YOKOHAMA, Japan (Reuters) - Nissan Motor Co (7201.T) Chairman Carlos Ghosn was arrested on Monday for alleged financial misconduct and will be fired from the board this week, a dramatic fall for a leader hailed for rescuing the Japanese carmaker from close to bankruptcy. Ghosn is also chairman and chief executive of Nissan’s French partner…
France says Ghosn case not problem for Renault stability

France says Ghosn case not problem for Renault stability

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French Economy Minister Bruno Le Maire attends the 2018 Women's Forum Global Meeting in Paris, France, November 15, 2018. REUTERS/Benoit Tessier BRUSSELS (Reuters) - The arrest of Renault (RENA.PA) CEO Carlos Ghosn and his imminent removal from the board of Nissan Motor Co. (7201.T) does not pose a threat to the stability or survival of…