Archives for 2016
Fall in Exxon stock leads employee to sue over company’s 401 (k)
A retired engineer from Exxon Mobil Corp. alleges the giant energy company violated its responsibility to protect employee financial interests by continuing to offer Exxon Mobil stock for its 401(k) retirement plan while knowing the...
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Oil retreats as OPEC split imperils deal with deadline looming
Oil retreated below $47 in New York after OPEC officials failed Monday to work out a compromise on a deal to cut production and boost crude prices. Futures lost as much as 2.3 percent. A 10-hour...
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Saudi Arabia budget deficit climbs as OPEC talks
Saudi Arabia’s push for OPEC’s first oil production cut in eight years comes as its finances fall into disarray. The Saudi government’s budget deficit has ballooned to one-fifth of its economic output this year despite...
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GE dominates in U.S. as wind turbine manufacturer
Nearly half of the wind energy in the United States comes from wind turbines built by General Electric, which has dominated the turbine industry for nearly 15 years, according to the U.S. Department of Energy. GE...
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Market Currents: OPEC deal still in the balance
We have a week which starts with cartel controversy, and concludes with Nonfarm Friday. Somewhere inbetwixt, we get the small matter of an OPEC meeting in Vienna. With that in mind, hark, here are five...
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