The Traderszone Network

Crude oil dipped on Tuesday on expectations of rising OPEC output and a potential increase in U.S. shale production, but analysts said that strong refinery demand was preventing further price falls. “Investors remained cautious heading into the OPEC … meeting this Friday, with Brent coming under the most selling pressure,” ANZ bank said on Tuesday. This comes at a time when U.S. shale oil producers are also positioning for a resumption in output after this year’s price rises,” it added.

Fiat Chrysler Automobiles in the past year has delayed the redesign or release of at least a dozen current or new vehicles in North America, according to suppliers familiar with the company’s plans.     FCA Chief Executive Sergio Marchionne is shuffling product plans even as he seeks a partner for his company, the seventh largest global automaker. Marchionne says consolidation in the auto industry is inevitable, because automakers are burning capital investing in overlapping engines and vehicles.

For United Auto Workers union members Jermaine and Akema Austin, a two-tier wage system at General Motors Co (GM.N) is not just business, it’s personal. GM has two classes of UAW workers – long-time “first-tier” employees, who earn about $28 an hour, and “second-tier” workers hired after 2007, who earn about $16 to $19 an hour. Detroit automakers, which pushed for and won the two-tier system in negotiations with the union, say the freedom to hire workers at lower wages has helped them recover from near-death in the recession and add thousands of U.S. jobs in recent years.

BERLIN/BRUSSELS (Reuters) – The leaders of Germany, France and Greece’s international creditor institutions agreed late on Monday to work with “real intensity” in the coming days as they try to clinch a deal in debt negotiations with Athens. Athens and its creditors from the euro zone countries and the International Monetary Fund are racing to hammer out a deal that would prevent the country from defaulting on its debt and potentially leaving the euro zone.

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The Japanese supplier is at the center of a global recall of tens of millions of cars for potentially deadly air bag inflators that could deploy with too much force and spray metal fragments inside vehicles. In written testimony ahead of a U.S. congressional hearing scheduled on Tuesday, Takata executive Kevin Kennedy said other companies producing replacements for potentially defective Takata inflators will not use ammonium nitrate.

By combining with Altera, Intel will be able to bundle its processing chips with the smaller company’s programmable chips, which are used, among other things, to speed up Web-searches. Intel said on Monday it would offer $54 per share for San Jose, California-based Altera, a 10.5 percent premium to Altera’s close on Friday. Altera’s shares were changing hands at $51.78, well below the offer price, in afternoon trading.

Mylan NV said Teva Pharmaceutical Industries Ltd , which has made an unsolicited offer for the company, violated U.S. anti-trust rules by acquiring a stake. Teva disclosed a 1.35 percent stake in Mylan …