Author: Capitalist

General Motors reaches tentative deal with striking Canada workers

FILE PHOTO: A worker driving a GMC Terrain leaves the General Motors CAMI car assembly plant where the GMC Terrain and Chevrolet Equinox are built, in Ingersoll, Ontario, Canada, January 27, 2017. REUTERS/Geoff Robins October 14, 2017 By Susan Taylor and Denny Thomas TORONTO (Reuters) – General Motors Co <GM.N> said on Friday it reached a tentative labor agreement with striking workers at its CAMI plant in Canada, ending an almost month-old dispute. Some 2,500 workers at the CAMI plant in Ingersoll, in southern Ontario, walked off the job on Sept. 18 after the U.S. automaker rejected a union...

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Mattis says U.S. working to ensure situation around Kirkuk does not escalate

Kurdish Peshmerga fighters ride in a vehicule in the Southwest of Kirkuk, Iraq October 13, 2017. REUTERS/Ako Rasheed October 13, 2017 WASHINGTON (Reuters) – U.S. Defense Secretary Jim Mattis said on Friday that tensions between Kurdish and Iraqi authorities around Kirkuk had the full attention of the United States and was working to ensure it does not escalate. “We have got to work on this, the Secretary of State has the lead, but my forces are integrated among these forces and they are working too, to make certain we keep any potential for conflict off the table,” Mattis told...

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Female ride-hailing apps grow in Brazil on safety concerns

Taxi driver Priscila Galante drives her car in a main street in Sao Paulo, Brazil October 10, 2017. Picture taken October 10, 2017. REUTERS/Paulo Whitaker October 13, 2017 By Taís Haupt SAO PAULO (Reuters) – Ride-hailing startups that cater solely to women are catching on in Brazil, reflecting safety concerns in one of the biggest markets for Uber Technologies Inc and other incumbents, which have invested heavily in security features. One of the new mobile apps, FemiTaxi, has expanded into six Brazilian cities and is eyeing other Latin American markets. Competing app LadyDriver, which launched in Sao Paulo in...

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BASF to harvest seeds, herbicide businesses from Bayer for $7 billion

FILE PHOTO: A truck drives past a warehouse of German chemical company BASF in Ludwigshafen, April 23, 2015. REUTERS/Ralph Orlowski/File Photo October 13, 2017 By Maria Sheahan FRANKFURT (Reuters) – BASF has agreed to buy seed and herbicide businesses from Bayer for 5.9 billion euros ($7 billion) in cash, as Bayer tries to convince competition authorities to approve its planned acquisition of Monsanto. BASF, the world’s third-largest maker of crop chemicals, has so far avoided seed assets and instead pursued research into plant characteristics such as drought tolerance, which it sells or licenses out to seed developers. But Bayer’s...

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Oil rises on tighter U.S. market, strong China imports

A oil pump is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017 . REUTERS/Christian Hartmann October 13, 2017 By Henning Gloystein SINGAPORE (Reuters) – Oil prices rose on Friday as both U.S. crude production and inventories declined, pointing towards a tightening market. Strong Chinese oil import data also supported crude prices, traders said. With the Organization of the Petroleum Exporting Countries (OPEC) leading a production cut, analysts said that global oil markets were now broadly balanced after years of oversupply. U.S. West Texas Intermediate (WTI) crude was at $50.94 per barrel at 0500 GMT, up 34...

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