‘Something has to change at ENI’, says Italy deputy minister
Italy’s deputy industry minister said that “something has to change” at oil and gas group Eni after news emerged that the company’s chief executive was under investigation for a conflict-of-interest issue over dealings in the Congo.
Activists daub Louvre’s Pyramid with molasses in anti-Total protest
Environmental activists daubed the Louvre’s glass pyramid with thick molasses on Friday in protest at what they said were the environmentally-damaging activities of museum sponsor Total , a multinational oil and gas company.
Boeing CEO to testify before Congress about grounded 737 MAX
Boeing Chief Executive Dennis Muilenburg has agreed to testify before Congress next month on the grounded 737 MAX that was involved in two fatal crashes that killed 346 people, a U.S. House of Representatives committee and the company said on Friday.
S&P, Nasdaq dragged down by Micron’s downbeat outlook
The S&P 500 and Nasdaq slipped on Friday, pulled lower by a slide in Micron shares after the chipmaker blamed U.S.-China trade tensions for its downbeat first-quarter profit forecast, but gains in financials kept the Dow in positive territory.
Mylan to pay $30 million to settle U.S. SEC charges over EpiPen
Mylan NV will pay a $30 million civil fine to settle U.S. Securities and Exchange Commission charges it concealed a possible loss related to a federal probe on whether it overcharged Medicaid by hundreds of millions of dollars for sales of its EpiPen …
Wall Street Week Ahead: Data will show damage of tariffs, strong dollar on U.S. goods exporters
It’s no longer a probability, it’s a reality: the escalating U.S.-China trade war and the strengthening dollar appear to be inflicting measurable damage on U.S. goods makers that rely on global markets.
Explainer: The jet subsidy row that threatens transatlantic trade war
The United States and European Union are edging closer to a tit-for-tat tariff war over aircraft subsidies as a 15-year-old dispute at the World Trade Organization reaches its climax.
Oil prices head for big weekly loss as supply fears wane
Oil prices fell on Friday and were heading for a weekly loss on a faster than expected recovery in Saudi output while slowing Chinese economic growth dampens the demand outlook.
Toyota strengthens Japan partnerships with bigger Subaru stake
Toyota Motor Corp will raise its stake in Subaru Corp to 20% from around 17%, the two Japanese automakers said on Friday, as they leverage their scale to better compete in developing new vehicle technologies.
Italy’s Tod’s appoints former Google executive to ramp up digital effort
Italy’s Tod’s appointed a former Google executive as chief digital and innovation officer to ramp up its ongoing digital transformation, the shoes and leather goods company said on Friday.
