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Exclusive: Ex-wife of US oil baron to appeal $1 billion divorce award

Sue Ann Hamm, the ex-wife of Oklahoma oil magnate Harold Hamm who was awarded cash and assets worth more than $1 billion in the couple's divorce this week, plans to appeal the judgment on grounds that it grossly undervalues the marital wealth she is entitled to.

Nov 14, 2014 12:30 PM EST

Markets

IEA sees new era, no quick rebound in oil prices

The oil market has entered a new era with lower Chinese economic growth and booming U.S. shale output, making a return soon to high prices unlikely, the West's energy watchdog said on Friday.

Markets

Obama, in latest climate move, to pledge $3 billion for global fund

President Barack Obama will announce a $3 billion U.S. contribution to an international fund to help poor countries cope with the effects of climate change, an administration official said on Friday.

Markets

U.S. House set to pass Keystone, but Senate a vote shy

The Republican-led U.S. House of Representatives prepared to approve the Keystone XL pipeline on Friday, but a similar bill struggled to get enough support in the Senate and President Barack Obama indicated he might use his veto if the bill does get through Congress.

U.S. data points to strong spending ahead of holiday shopping frenzy

U.S. retailers reported strong sales in October, a sign American consumers were spending with more gusto and could help keep the economy growing at a brisk pace.

Nov 14, 2014 12:18 PM EST

Takata shares open down 1 percent after news of criminal probe

Shares of Takata Corp opened down 1 percent on Friday after the Japanese auto parts maker said it was the subject of a U.S. criminal investigation over defective air bags that have been linked to five deaths.

Nov 14, 2014 12:11 PM EST

France wants former Peugeot chief Varin as Areva chairman

The French government wants Philippe Varin, former head of PSA Peugeot Citroen (PEUP.PA), to take over as chairman of the board at state-owned nuclear group Areva (AREVA.PA), a source at the economics ministry said.

Nov 14, 2014 12:05 PM EST

Five takeaways on retirement from the midterm elections

Retirement policy wasn’t on the ballot in last week's midterm elections. But the new political landscape could threaten the retirement security of middle-class households.

Nov 13, 2014 1:27 PM EST

Wal-Mart sales rise as it girds for competitive holiday season

Wal-Mart Stores Inc (WMT.N) same-store sales, helped by lower gas prices, rose for the first time in seven quarters, but the world's largest retailer warned it was preparing for a bruising holiday season as it moves to match prices with online outlets.

Nov 13, 2014 1:24 PM EST

Keystone pipeline approval bills advance in Congress

Legislation to approve the controversial Keystone XL oil pipeline began racing through the U.S. Congress on Wednesday as Democrats and Republicans appeared to be coming together in a challenge of President Barack Obama's oversight of the project.

Nov 13, 2014 1:20 PM EST

Americans are quitting their jobs more, and that's a good thing

In a paradoxically good development for the U.S. economy, Americans quit their jobs in September at the fastest rate in over six years.

Nov 13, 2014 1:16 PM EST

Wall Street flat as energy shares weigh

U.S. stocks were little changed on Thursday, with the Dow and S&P retreating from their latest record highs, as a drop in energy shares offset gains in Wal-Mart.

Nov 13, 2014 1:13 PM EST

VW paves way for UAW representation at U.S. plant

Volkswagen AG's U.S. division said Wednesday it has agreed to steps that could allow for union representation at its plant in Chattanooga, Tennessee, where the United Auto Workers has unsuccessfully tried to organize workers.

Nov 13, 2014 1:09 PM EST

Safety advocate urges GM switch fund to intensify victim outreach

A car-safety advocate on Wednesday urged the lawyer overseeing General Motors Co's program to compensate victims of accidents linked to a faulty ignition switch in its vehicles to take a more active approach to finding cases of injury or death.

Nov 13, 2014 1:03 PM EST

Takata refutes report of secret airbag tests: NYT

Auto parts maker Takata Corp (7312.T) offered a "substantive rebuttal" to accusations by two former employees that the company carried out tests on airbags in 2004 in Michigan and found signs of defects but did not report the results to federal regulators, the New York Times reported.

Nov 13, 2014 12:57 PM EST

Honda discloses fifth Takata air bag-linked fatality, widens recall

Honda Motor Co (7267.T) said on Thursday that a driver in Malaysia died in July after being hit by shrapnel from an air bag supplied by Takata Corp (7312.T) - the fifth such fatality and the first outside the United States.

Nov 13, 2014 12:37 PM EST