(Reuters) – The U.S. Federal Commerce Commision (FTC) mentioned on Friday it had accredited a consent order to resolve antitrust points regarding Chevron (NYSE:CVX)’s $53 billion takeover of Hess (NYSE:HES).
In line with the order, John Hess, CEO of the oil and gasoline producer, shall be barred from becoming a member of the mixed firm’s board over allegations that he communicated with oil producers’ group OPEC throughout its efforts to curtail manufacturing.
Although the proposed takeover has cleared the FTC’s antitrust evaluation, one final hurdle stays – Exxon Mobil (NYSE:XOM)’s problem to the deal. A 3-judge arbitration panel is because of take into account the case later in Might.
The March jobs report is ready for launch as markets are in a tailspin following…
N. Johnson / Bloomberg / Contributor / Getty Photographs Analog Gadgets and Texas Devices are…
(Reuters) - The founding father of the World Financial Discussion board, Klaus Schwab, will "begin…
Oil futures tanked greater than 6.5% on Thursday as Trump's tariffs despatched monetary markets reeling…
The U.S. Division of Vitality mentioned it has recognized 16 federal websites, together with storied…
After years of swelling market positive aspects, it’s staggeringly clear: Markets can and do go…