Blog

U.S., Alaska end quest for damages against Exxon over 1989 spill

U.S. and Alaskan authorities have ended their efforts to seek additional damages from Exxon Mobil Corp over the 1989 Exxon Valdez oil spill and the subsequent settlement, the Department of Justice said on Thursday. Alaska Attorney General Craig Richards said in the statement that although officials were not pursuing the additional damages, authorities will consider alternatives for dealing with lingering oil sites.

Goldman profit plunges as market turmoil hits bond trading

Revenue fell in all of the bank’s major businesses except investment banking, which benefited from a surge in takeovers.The results are the latest example of how the grim trading environment is gutting Wall Street. “We experienced lower levels of activity and declining asset prices during the quarter, reflecting renewed concerns about global economic growth,” Chief Executive Lloyd Blankfein said in a statement on Thursday. Goldman, which released its results through