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OPEC extends oil output cut by nine months: delegate

VIENNA OPEC decided on Thursday to extend cuts in oil output by nine months to March 2018, an OPEC delegate said, as the producer group battles a global glut of crude after seeing prices halve and revenues drop sharply in the past three years.

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Banks and funds will never quite be forex friends

LONDON On U.S. election day last November, banking executive David Puth stood in line behind Woody Allen to vote in his Manhattan neighborhood and then got on a plane to be shouted at for the rest of the day by a group of rich fund managers.

5:55am EDT

Sears reports first quarterly profit in almost two years

Sears Holdings Corp reported its first quarterly profit in almost two years, as the retailer undertakes a $1.25 billion cost-cutting plan amid concerns about its ability to continue as a going concern.

6:19am EDT

U.S. oilfield service firms lag shale recovery; old deals hold

HOUSTON U.S. oil services companies have been doing a lot more work as recovering oil prices have lifted the shale industry from a two-year slump, but producers have been pocketing much of the new cash generated by rising output and squeezing service providers to keep costs down.

1:49am EDT

Exclusive: Facebook signs BuzzFeed, Vox, others for original video shows - sources

NEW YORK Facebook Inc has signed deals with millennial-focused news and entertainment creators Vox Media, BuzzFeed, ATTN, Group Nine Media and others to make shows for its upcoming video service, which will feature long and short-form content with ad breaks, according to several sources familiar with the situation. | Video

Worker advocacy group report says Tesla's injury rate higher than average

SAN FRANCISCO A California-based workers advocacy group released a report on Wednesday saying that Tesla Inc data showed its workers have been injured at a rate a third higher than the auto industry average.

May 24 2017

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