Markets rally as oil jump fuels volatile week
U S stocks rise with the Dow and S P 500 posting gains as crude oil prices rebound and heating demand boosts energy shares. Traders note continued volatility with earnings guidance expected to be weak while volume surges and indices remain below year start highs.
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Lockholm
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Thomson Reuters
Philips lighting deal blocked by U.S. security review
Philips confirms U S officials blocked its 3.3 billion Lumileds sale to GO Scale Capital led consortium citing national security concerns. The California based Lumileds unit supplies LEDs for cars and electronics and the rejection presses Philips to pursue other strategic moves.
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Philips
United States
Lumiteds
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Committee On Foreign Investment In
CFIUS
Frans van Houten
GO Scale Capital
GSR Ventures
Oak Investment Partners
Asia Pacific Resource Development
Nanchang Industrial Group
U.S
Lumileds
FAA reports nearly 300000 drones registered nationwide
The FAA says 295306 recreational drone owners registered within 30 days after the Dec 21 launch, receiving FAA identification numbers. Registration covers drones 0.55 to 55 pounds. the agency aims to extend the system to commercial operators by March 21.
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U.S
Federal Aviation Administration
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United States
Michael Huerta
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