Former Chevron exec seeks $500 million for post-sanctions Venezuela
The former chief of Chevron Corp’s Latin American operations is moving to raise $500 million from big financial firms to invest in Venezuela once U.S. sanctions are eventually lifted, confident that political change will come and that foreign investmen…
Drug companies avert landmark opioids trial as talks on $48 billion settlement set to resume
Four large drug companies could resume talks on Tuesday to try to reach a $48 billion settlement of all opioid litigation against them, after agreeing with two Ohio counties to a $260 million deal to avert the first federal trial over their role in the…
SoftBank offers to lend WeWork $5 billion, buy out insiders: sources
SoftBank Group Corp has made a $5 billion debt financing offer to keep WeWork afloat as part of a deal that would make the Japanese technology conglomerate the majority owner of the struggling U.S. office-space sharing start-up, people familiar with t…
Global tocks climb on hopes for progress in trade; Canadian dollar gains
World stock indexes rose on Monday as signs of work to resolve the U.S.-China trade war bolstered investor hopes, while the Canadian dollar strengthened in the hours before results of the election for prime minister.
UBS, Simmons Energy pare bankers as shale M&A slows: sources
UBS Group AG and the energy arm of Piper Jaffray Companies have cut staff in their oil and gas investment banking teams, three people familiar with the matter said on Monday, as U.S. dealmaking continues to dry up.
Trade hopes move S&P 500 close to new record high
The benchmark S&P 500 stock index rose within striking distance of a record high on Monday as further signs of progress toward resolution of the U.S.-China trade war boosted shares in sectors sensitive to trade and the global economy.
San Jose to propose turning PG&E into giant customer-owned utility – WSJ
San Jose, California’s third-biggest city, is proposing to convert PG&E Corp into the country’s largest customer-owned utility, the Wall Street Journal reported on Monday, citing the city’s mayor.
Trump administration renews three-month license for Chevron in Venezuela
The U.S. Treasury Department on Monday renewed a license allowing Chevron, the last U.S. operating energy company in Venezuela, to continue drilling in the country for another three months through Jan. 22.
Companies slow to disclose financial costs of climate change: report
U.S. and European companies in polluting industries rarely disclose the financial risks they face related to climate change even though a global task force called on them to do so two years ago, Moody’s Investors Service said in a report on Monday.
Facebook suspends Russian Instagram accounts targeting U.S. voters
Facebook Inc said on Monday it has suspended a network of Instagram accounts operated from Russia that targeted Americans with divisive political messages ahead of next year’s U.S. presidential election, with operators posing as people within the Unite…
