TESORO TO BUY WESTERN REFINING
Oil refiner Tesoro will buy Western Refining in a deal worth about $4.1 billion as the U.S. refining market faces the declining spread between U.S. and global oil prices.
OIL PRICES LIFTED BY PRODUCTION CUT EXPECTATIONS
Oil futures edged higher on Thursday amid renewed hope for an OPEC production cut.
U.N. AGENCY WARNS IRAN ON NUCLEAR DEAL
Notice follows disclosure that Iran had produced more than the permitted amount of heavy water, an ingredient for the production of weapons-grade plutonium.
FIRST SOLAR TO CUT MORE THAN A QUARTER OF STAFF
First Solar said it would lay off more than a quarter of its staff and restructure operations to focus on newer solar modules, which will lead to $500 million in charges andpush the company into the red for the year.
U.S. STOCKS BOOSTED BY HIGHER OIL PRICES
Energy shares led U.S. stocks higher as oil prices rallied. Investors also parsed U.S. economic data and comments from Federal Reserve Chairwoman Janet Yellen.
INFLATION CONTINUES TO FIRM
U.S. consumer prices increased in October from a year earlier at the fastest rate in two years, the latest sign inflation pressures in the economy are firming.
U.S. JOBLESS CLAIMS FALL
The number of Americans applying for first-time unemployment benefits fell to a multidecade low last week, a sign of continued strength in the U.S. labor market.
U.S. HOUSING STARTS JUMP 25.5% IN OCTOBER
Both housing starts and permits for new construction rose in October, a sign residential construction is ramping up to meet steady demand.
KERRY PREDICTS TRUMP WON'T SLOW EFFORTS TO FIGHT CLIMATE CHANGE
Secretary of State John Kerry sought to reassurethousands of government delegates, climate advocates and business leaders gathered at a United Nations conference that President-elect Donald Trump won't slow global efforts to address climate change.
U.S. CRUDE OIL STOCKPILES RISE MUCH MORE THAN EXPECTED
U.S. crude oil stockpiles rose sharply for the week ended Nov. 11, while gasoline supplies also inched higher, according to data released by the Energy Information Administration.
BRAZIL POLICE ARREST FORMER STATE GOVERNOR IN GRAFT INVESTIGATION
Brazilian federal police arrested Sé rgio Cabral, the former governor of Rio de Janeiro state as part of an investigation into alleged bribery and misuse of government money.
======== DOW JONES NEWSWIRES ANALYSIS AND COMMENTARY ========
NEW WRINKLE FOR TESLA-SOLARCITY MERGER: UNCERTAIN SUBSIDIES
Shareholders set to vote over the merger of Elon Musk's Tesla Motors and SolarCity have a new dilemma to consider: How Donald Trump's election will affect subsidies for green power.
Middle East Crossroads
SAUDI CROWN PRINCE RETURNS TO PUBLIC EYE AS SUCCESSION LOOMS
Mohammed bin Nayef's recent prominence suggests he won't be sidestepped to the throne by Deputy Crown Prince Mohammed bin Salman.
(END) Dow Jones Newswires
November 17, 2016 11:14 ET (16:14 GMT)
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