News Archive - 7 February 2016

>NEW YORK LinkedIn Corp Executive Chairman Reid Hoffman lost almost half his $2.8 billion fortune on paper Friday as shares of his social media company suffered their largest drop on record. He was not alone in taking heavy losses.Other executives at LinkedIn, some at business analytics company Tableau...

>Brent crude futures, LCOc1 the global benchmark was down 9 cents at $33.97 at 0039 GMT. They fell 40 cents to $34.06 a barrel on Friday.U.S. crude futures CLc1 were down 2 cents at $30.87. On Friday, the contract fell 83 cents to $30.89...

>TOKYO Asian shares got off to a rocky start on Monday after mixed U.S. jobs data helped sink shares on Wall Street, but trade was thin with many regional markets closed for the Lunar New Year holiday. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.2...

>SYDNEY The dollar held onto its post-payrolls gains early on Monday in a sluggish start to the week with the Lunar New Year holidays and the Super Bowl game all but guaranteeing a tepid session in Asia.The dollar index was flat at 97.051, having climbed 0.6 percent...

>Less than two months into the year, the top U.S. shale oil companies have already cut their budget for 2016 a second time as the relentless drop in oil prices continues to erode their cash flow.With oil prices firmly wedged in the low $30-per-barrel range, oil producers are...

>The billionaire businessman came second to Texas Senator Ted Cruz in the Iowa caucuses last week although polls put him ahead. His candidacy has alarmed the Republican establishment and has been marked by rows including over his calls for a temporary ban on Muslims entering the United States.No Republican...

>ONCUPINAR, Turkey/BEIRUT Aid trucks and ambulances entered Syria from Turkey on Sunday to help tens of thousands of people who have fled an escalating government assault on Aleppo, as air strikes targeted villages on the road linking the city to the Turkish border.Rebel-held areas in and around Aleppo, Syria's...

>Venezuela's Oil Minister Eulogio Del Pino is on a tour of oil producers to lobby for action to prop up prices. "It was a successful meeting and (conducted) in a positive atmosphere," SPA cited Naimi as saying. Both minister discussed the outcome of del Pino's meetings with other officials focused...

>The German car maker has still not decided whether vehicle owners will be offered cash, car buy-backs, repairs or replacement cars, Kenneth Feinberg told Frankfurter Allgemeine Sonntagszeitung.Volkswagen in December asked Feinberg -- who earlier headed the compensation funds for the Sept. 11, 2001 attacks, the BP (BP.L) Deepwater...

>LONDON At the unofficial schools run by Syrian activist group Kesh Malek in opposition-held districts of Aleppo, the children don't go outside to play during breaks in case a barrel bomb should drop from the sky.With 110 teachers, most of them new to the profession, the organization runs seven...

>BEIJING A new breed of small investor is riding China's rollercoaster stock markets, looking for a quick buck and thriving on the volatility that has sent others scurrying to the exit clutching their stomachs.Last summer's 40 percent crash and a 20 percent drop so far in 2016 have sent...

>MANCHESTER, N.H. U.S. Republican presidential candidate John Kasich is polling in the low single digits nationally but may be poised to play the role of spoiler in Tuesday’s New Hampshire primary by cutting into the support of higher-profile rivals such as Marco Rubio.The Ohio governor, who is...

>WASHINGTON Seven years after the United States banned waterboarding as an interrogation tactic, two Republican presidential candidates said on Saturday they would revive its use and one of them, billionaire businessman Donald Trump, would go even further. "I would bring back waterboarding and I'd bring back a hell of a...

>LONDON/HOUSTON As oil and gas companies cut ever-deeper into the bone to weather their worst downturn in decades, boards have adopted contrasting strategies to lead them out of the crisis.Crude prices have tumbled around 70 percent over the past 18 months to around $35 a barrel, leading to five...