Record global oil inventory has sparked fears of a further sharp price drop as storage is exhausted, but futures prices suggest those fears are premature since widespread use of floating storage isn’t yet viable.
Japanese auto maker’s board is discussing raising its stake in French partner Renault to at least 25% from 15% to counter the prospect of greater French government influence in the two companies’ operations.
Editorial staffers at the Huffington Post have voted to unionize, marking the largest digital media organization to move to collective bargaining in the recent wave of labor organizing that has swept the industry.
A contest for dominance in Europe is heating up between the world’s two biggest oil exporters—Saudi Arabia and Russia—as they contend with stubbornly low crude prices and the prospect of Iran’s post-sanctions return.
For months, investors and executives have been waiting for shares of real-estate investment trusts to catch up to the broader stock market and reflect the value of the properties the companies own. But they may have to wait at least a little while longer.