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.
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
Despite all the debt ceiling drama, Neil Dutta, head of U.S. economics at Renaissance Macro, says the Federal Reserve has supplanted Congress as the biggest source of policy uncertainty emanating from the nation’s capital.
Join Midday Movers live now for the latest news on the markets, the economy and the biggest stories of the day.
The sector has reached what one analyst called “peak negativity,” underperforming the Standard & Poor’s 500-stock index by the most since 1986, when the last supply side-driven crash in oil prices occurred.
George Soros has come under fire in his native Hungary, where politicians have accused him of supporting illegal migration.
“We can deliver stronger financial performance in the short-term simply by running our core business better but that won’t be enough,” Chief Executive Doug McMillon said at an investor meeting in New York. Wal-Mart had previously forecast net sales growth of 1-2 percent for the current year ending January. The company also said it now expected earnings per share to decline by 6-12 percent next fiscal year.
The recently named head of Volkswagen’s North American business won’t be taking up his new job – and has left the company. The announcement comes as Volkswagen faces a scandal over rigging the results …
Simply put, the Democratic front-runner put her competition to shame.
U.S. retail sales barely rose in September and producer prices recorded their biggest decline in eight years, raising further doubts about whether the Federal Reserve will raise interest rates this year. “The softness of September’s figures supports our view that the Fed probably isn’t going to hike interest rates until early next year,” said Paul Ashworth, chief U.S. economist at Capital Economics in Toronto. The Commerce Department said retail sales