Oil was $2 a barrel higher on Wednesday after the U.S. government reported a crude inventory build squarely within market expectations, extending gains after an earlier rally triggered by what the market described as a big algorithmic trade. The U.S. Energy Information Administration (EIA) said crude stockpiles rose 3.4 million barrels last week, matching analysts’ expectations in a Reuters poll.
Barclays will pay incoming chief executive James “Jes” Staley up to 8.24 million pounds ($12.6 million) a year after appointing the former JPMorgan investment bank boss to one of the most prominent posts in British business. Staley will join Barclays at the start of December, having been widely expected to be appointed after sources and media reports said he had been chosen pending regulatory approval. American-born Staley, 58, faces challenges
Tech companies have faced questions on whether on-demand workers are employees or independent contractors.
Tech companies have faced questions on whether on-demand workers are employees or independent contractors.
Icahn’s campaign highlights how some large financial companies are being given an incentive to break up as regulators impose costs on them in the wake of the financial crisis. A global task force, the Financial Stability Board, is due to update next month its list of insurance companies deemed to be “systemically important”. The tag indicates regulatory concerns that a company’s failure might imperil the financial system.
Icahn’s campaign highlights how some large financial companies are being given an incentive to break up as regulators impose costs on them in the wake of the financial crisis. A global task force, the Financial Stability Board, is due to update next month its list of insurance companies deemed to be “systemically important”. The tag indicates regulatory concerns that a company’s failure might imperil the financial system.
Apple is more dependent than ever on growing sales in China to keep its bottom line growing.
Apple is more dependent than ever on growing sales in China to keep its bottom line growing.
Last year, grain handlers like Roger Krueger had no kind words for Warren Buffett’s BNSF Railway Co. After record U.S. harvests, crops piled up all across the Midwest, with few rail cars available to get …
Last year, grain handlers like Roger Krueger had no kind words for Warren Buffett’s BNSF Railway Co. After record U.S. harvests, crops piled up all across the Midwest, with few rail cars available to get …