Oil drops to lowest since OPEC deal, U.S. crude below $50/bbl Oil drops to lowest since OPEC deal, U.S. crude below $50/bbl:- Oil fell about 2 percent on Thursday in heavy trade, extending the previous session's slump to prices not seen since an OPEC-led pact to cut production was agreed, […]
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Oil prices slump amid ample supply, gold falls Oil prices slump amid ample supply, gold falls:- Crude oil extended a slump on Thursday on news of record-high U.S. stockpiles, dragging on equity markets as energy stocks slid, while bets the Federal Reserve will raise U.S. interest rates next week weighed […]
AIG CEO to resign after dismal earnings, successor unclear AIG CEO to resign after dismal earnings, successor unclear:- American International Group Inc (AIG.N) said on Thursday its Chief Executive Peter Hancock will step down, a decision he made after poor financial performance frustrated shareholders and the insurer's board of directors. […]
American Air lowers key revenue guidance, sending shares down American Air lowers key revenue guidance, sending shares down:- American Airlines Group Inc (AAL.O) on Thursday became the second major U.S. airline this week to lower guidance on a closely watched revenue metric, sending shares of several major carriers lower. However, […]
Antitrust rules batter America Movil as uncertainty bites Antitrust rules batter America Movil as uncertainty bites:- Shares of billionaire Carlos Slim's America Movil slumped on Thursday after regulators ratcheted up antitrust measures aimed at breaking Slim's hold on Mexican telecoms, adding uncertainty to the outlook for his principal cash cow. […]
Order for Venezuela to pay Exxon $1.4 billion in damages overturned Order for Venezuela to pay Exxon $1.4 billion in damages overturned:- A World Bank tribunal's order for Venezuela to pay $1.4 billion in damages to Exxon Mobil Corp over nationalizations has been annulled, a lawyer for the Venezuelan government […]
After Snap IPO, U.S. regulator questions unequal voting rights After Snap IPO, U.S. regulator questions unequal voting rights:- One of two current members of the U.S. Securities and Exchange Commission raised questions on Thursday for companies like Snap Inc (SNAP.N) that offer shareholders unequal voting rights, saying the agency should "focus […]
Merrill Lynch may keep commission-based retirement accounts Merrill Lynch may keep commission-based retirement accounts:- Merrill Lynch, a unit of Bank of America Corp, may not entirely do away with its commission-based retirement accounts, after Trump ordered the Labor Department last month to delay the proposed retirement-savings rule. In a conference […]
Volkswagen set to plead guilty on Friday in emissions case Volkswagen set to plead guilty on Friday in emissions case:- Volkswagen AG is set to plead guilty on Friday to three felony counts in the Justice Department's diesel emissions investigation, as the German automaker seeks to move past its cheating […]
Asia stocks firm ahead of U.S. jobs, dollar vs yen at one-and-half-month high Asia stocks firm ahead of U.S. jobs, dollar vs yen at one-and-half-month high:- Asian stocks edged up and the dollar rose to 1-1/2-month highs versus the yen on Friday, ahead of the closely-watched U.S. non-farm payrolls report […]
