Crude pulls back as focus returns to oversupply

Oil prices edged lower on Monday as the focus turned to oversupply worries, moving away from escalating tensions between the U.S. and Iran, which had driven prices higher early in the session.

Wall Street rises as climbing yields boost financials

Wall Street stocks largely rose on Monday as a jump in 10-year bond yields boosted financials and as news of upcoming international trade talks offset the negative impact of the strengthening U.S. dollar on corporate earnings forecasts.

Halliburton shares plunge on Permian growth worries

Shares of oilfield services provider Halliburton fell by more than 8 percent on Monday after the company warned of moderate growth in the oil and gas-rich Permian Basin and lower third-quarter earnings.

Tesla says supplier discount request was for ongoing projects

Tesla said on Monday that it had asked a small number of suppliers to cut prices on ongoing, long-term projects to improve its future cash flow, after a media report about a discount request sent shares of Tesla down as much as 6.6 percent.

Exclusive: General Electric's power unit faces threat in Saudi Arabia

One of General Electric Co's largest and most valuable customers, Saudi Arabia, is lining up competitors to bid against GE for lucrative power plant work, according to five people familiar with the situation. State-controlled Saudi Electricity Co has qualified at least two companies to provide service or parts for some of its more than 50 GE-made F-class turbines, and it is in talks with two others over investments to set up faci

Veolia says Laruelle to become CFO, Brachlianoff COO

French water and waste group Veolia said in a statement executive committee member Claude Laruelle had been appointed new chief financial officer while Veolia UK chief Estelle Brachlianoff will be appointed chief operating officer.

Papa John's shares fall as board adopts 'poison pill'

Shares of Papa John's International Inc fell 8 percent on Monday after the pizza chain said it would implement a "poison pill" stock dilution that would act against any move by founder John Schnatter to take a bigger stake.

Bond yields rise worldwide on stimulus concerns; earnings loom

Fears that monetary policymakers in the U.S. and Japan will scale back support for the economy sent quivers through debt markets on Monday, while U.S. stocks gained ahead of major company earnings reports.

U.S. home sales sag as prices race to record high

U.S. home sales unexpectedly fell in June, posting their third straight monthly decline as a persistent shortage of properties on the market drove house prices to a record high.

JPMorgan, Morgan Stanley picked to advise on Aramco's SABIC deal: sources

JPMorgan and Morgan Stanley have been picked to advise on Saudi Aramco's plan to buy a controlling stake in petrochemical maker SABIC , several sources familiar with the matter said.

UPDATE 10-Crude pulls back as focus returns to oversupply

* Ayatollah threatens Gulf oil supply if Iran exports blocked

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