June 21, 2019

Brazil’s Petrobras pays $700 million to Vantage Drilling after court decision

Brazilian state-controlled oil company Petróleo Brasileiro SA said on Friday it had made a $700 million payment to oil services provider Vantage Drilling Company in a […]
June 21, 2019

Four U.S. states join lawsuit to stop T-Mobile-Sprint deal

Four more U.S. states joined an unusual effort by state attorneys general to stop T-Mobile US Inc’s acquisition of Sprint Corp, a New York official said […]
June 21, 2019

General Electric to scrap California power plant 20 years early

General Electric Co said on Friday it plans to demolish a large power plant it owns in California after only one-third of its useful life because […]
June 21, 2019

Fed officials face weak inflation, but split over what it means

U.S. Federal Reserve officials were divided Friday over how seriously to treat a slide in inflation, with one top policymaker saying the Fed was “close” to […]
June 21, 2019

U.S. banks clear first hurdle of Federal Reserve’s annual stress test

The 18 largest banks operating in the United States took the first step toward doling out capital on dividends, share buybacks and other investments on Friday, […]
June 21, 2019

Bang-up week on Wall Street ends with a whimper

Wall Street edged lower on Friday, as U.S. Vice President Mike Pence’s decision to defer a speech on China policy increased optimism on upcoming trade talks […]
June 21, 2019

Oil climbs on Iran tensions, stocks edge back from seven-week highs

Oil prices added to recent gains on Friday on fears any U.S. military attack on Iran would disrupt flows of crude from the Middle East, while […]
June 21, 2019

U.S. oil soars 10% in week on fears of U.S.-Iran conflict

Oil futures rose 1% on Friday, with U.S. crude up 10% in the week and global benchmark Brent gaining 5%, on fears the United States could […]
June 21, 2019

PG&E to float $31 billion restructuring plan: Bloomberg

Power producer PG&E Corp will propose a $31 billion bankruptcy restructuring plan that will include two funds worth a total of $34 billion to cover past […]
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