Going out on a limb, North Dakota oil titan scraps hedges
WILLISTON N.D. (Reuters) – Harold Hamm, chief executive of Continental Resources Inc , stunned a bearish crude market by scrapping all of the North Dakota energy producer’s oil hedges, betting that prices will recover soon after sinking 25 percent in r…
ECB ready to do more if needed, signs up to Draghi’s target
FRANKFURT (Reuters) – European Central Bank members all stand ready to take more policy action if needed to revive a struggling euro economy and the bank’s staff will prepare the groundwork, President Mario Draghi said on Thursday.
U.S. shuts down Silk Road 2.0 website, charges alleged owner
NEW YORK (Reuters) – U.S. authorities said Thursday they have shut down the successor website to Silk Road, an underground online drug marketplace, and charged its alleged operator with conspiracy to commit drug trafficking, computer hacking, money lau…
Chesapeake subpoenaed by DOJ, states over royalty payments
HOUSTON (Reuters) – Chesapeake Energy Corp has received subpoenas from states and the U.S. Department of Justice seeking information on its royalty payment practices to mineral owners, according to a regulatory filing.
U.S. jobless claims, wages data point to tightening market
WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell more than expected last week and compensation accelerated in the third quarter, in the latest signs of tightening labor market conditions.
Companies sign secret tax deals with Luxembourg: report
(Reuters) – More than 300 companies, including PepsiCo Inc , AIG Inc and Deutsche Bank AG , secured secret deals from Luxembourg to slash their tax bills, the International Consortium of Investigative Journalists (ICIJ) reported, quoting leaked documen…
Allergan in discussions with another party after approach
(Reuters) – Allergan Inc on Thursday said that it is currently in discussions with another party that a source familiar with the situation identified as Actavis Inc , just days after the company disclosed that it had been approached.
Ford declines comment on Europe CEO’s reported departure
BERLIN (Reuters) – U.S. carmaker Ford declined comment on Thursday on a report saying the head of its loss-making European operations will be replaced by a candidate from within the company.
A decade on, airlines push for delayed European skies reform
PARIS/BERLIN (Reuters) – Airlines urged the European Union on Thursday to press ahead with plans to merge national air corridors, rekindling debate about a reform that risks confrontation with air traffic controllers over safety and jobs.
DirecTV profit beats estimates on higher U.S. subscription fees
(Reuters) – DirecTV, the No.1 U.S. satellite TV provider, reported a quarterly profit above analysts’ expectations as it earned more from each subscriber in the United States.
