Carlos Ghosn, one of the auto industry’s most celebrated turnaround artists, is relinquishing his CEO role at Nissan Motor Co. and turning over day-to-day control to Hiroto Saikawa as he focuses on strengthening the carmaker’s alliance with Renault SA and Mitsubishi Motors Corp. The move caught some observers by surprise.
Category: Stamford, CT
Oil Falls a Second Day as U.S. Drilling Expands While OPEC Cuts
Oil fell a second day after drilling in the U.S. rose to the highest in more than a year, countering OPEC’s efforts to clear a supply glut. Futures decreased 1 percent in New York.
Oil Extends Longest Run of Gains Since August Ahead of OPEC Cuts
Oil extended the longest winning streak in more than four months as the market anticipates that output cuts from OPEC and non-OPEC producers will help speed the elimination of a supply glut. Futures advanced 1.7 percent in New York, climbing for a seventh session amid gains in equity markets.
Oil Extends Gain as Industry Report Said to Show Supply Drop
Oil extended a gain in New York as an industry report was said to show U.S. crude stockpiles fell last week. February-delivery futures rose 30 cents after the American Petroleum Institute said late Tuesday that nationwide crude inventories sank 4.15 million barrels last week, according to a person familiar with the data.