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News & Updates
April 22, 2015 Caterpillar’s CEO Just Got A Big Raise, And It Explains What’s Wrong With American CapitalismSource: Think Progress
Heavy machinery manufacturer Caterpillar gave its CEO a 14 percent raise last year, in a $17.1 million package of cash, stock, and other compensation that is hard to justify in light of the famed brand’s actual performance.
April 22, 2015 ECB to fund Greek banks as long as they stay solvent: CoeureSource: Today Online
ATHENS - The European Central Bank will continue to fund Greek banks as long as they stay solvent and have enough collateral, Executive Board Member Benoit Coeure told a newspaper on Wednesday, dismissing talk that Athens might...
April 22, 2015 Oil prices dip below $62 on U.S. stock buildSource: Reuters
Oil prices dipped under $62 a barrel on Wednesday after industry group data showed a higher-than-expected build of 5.5 million barrels in U.S. inventories of crude oil.
A high-frequency trader was arrested in the United Kingdom over charges he manipulated the futures market and played a role in sparking the May 2010 "flash crash", the U.S. Justice Department said on Tuesday.
April 21, 2015 More oil industry pain: Halliburton slashes 9,000 jobsSource: CNN Money
Halliburton (HAL) employees are the latest to feel the pain. The company said Monday that it has cut 9,000 jobs over the past two quarters as crashing energy prices have forced it to scale back drilling operations.
April 21, 2015 Costs for Germany’s nuclear exit could rise to $75 billionSource: Reuters
The bill for shutting down Germany’s nuclear power plants and building a safe disposal site for nuclear waste could rise to 70 billion euros ($75 billion), the head of a government commission told daily Frankfurter Rundschau in...
Chevron Corp urged a U.S. appeals court on Monday to uphold a ruling finding that an American lawyer used corrupt means to secure a $9.5 billion pollution judgment in Ecuador.A lawyer for Chevron told the 2nd U.S. Circuit Court...
April 21, 2015 European Stocks Rise After Strong Earnings Reports
Realtime Business News - Economists had forecast the index to improve to 55.3. The Euro îStoxxî 50 index of Eurozone bluechip stocks is moving up 0.3 percent, while the îStoxxî Europe 50 index, which...
April 21, 2015 U.S. Stocks Bounce Back (Monday) - text/videoSource: Wall Street Journal
U.S. stocks bounced back on Monday from Friday’s steep declines, lifted by upbeat earnings news and an announcement of more stimulus from China.
April 21, 2015 Investors Who See ‘Froth’ in Market Go All In for OilSource: Bloomberg
As industry luminaries gather at the IHS CeraWeek Energy Conference in Houston this week to ponder the implications of $50-a-barrel crude, the money keeps piling into oil, with hedge funds, buyout firms and asset managers rushing...
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