Energy Oil weighed down by record Saudi output; markets await G20, OPEC meetings Saudi Arabia raised oil production to an all-time high in November, an industry source said on Monday, pumping 11.1 million to 11.3 million barrels per day (bpd) during the month. more info…
Read More »Business News WhatsApp business chief Arora becomes Facebook’s latest high-profile departure WhatsApp Chief Business Officer Neeraj Arora announced on Monday he would be leaving after seven years with the company. Arora's departure comes during a turbulent year for Facebook and a time of numerous high-profile departures. more info…
Read More »Business News Cramer Remix: Most money managers haven’t seen a bear market like this one Jim Cramer explains why Wall Street may be misinterpreting the market's Fed-induced slowdown. more info…
Read More »Business News Cramer flags ‘bargain’ retail stocks: Macy’s, Kohl’s, Target, Amazon Jim Cramer bargain-hunts in the retail sector and finds good deals on shares of Macy's, Kohl's, Target and Amazon. more info…
Read More »Business News Facebook investors sound off about Zuckerberg after stock plunges 40 percent in four months Facebook shareholders have increased their calls for CEO Mark Zuckerberg to relinquish his position as chairman of the board. The stock has plunged almost 40 percent since late July as scandals continue to pile up. more info…
Read More »Business News Tech stocks rally 2 percent after suffering Black Friday losses On Cyber Monday, the Nasdaq Composite Index climbed more than 2 percent as some of the biggest tech companies recovered from a string of losses. more info…
Read More »Business News IBM CEO Ginni Rometty calls consumer tech companies ‘irresponsible’ At an event in Brussels Monday, IBM CEO Ginni Rometty said consumer-facing tech companies need to be regulated. Apple CEO Tim Cook called for tech regulation in Brussels last month. more info…
Read More »Energy Climate change will hurt poor people the most, according to a bombshell federal report While climate change is poised to roil the entire country in the years to come, its consequences will be especially harmful to low-income communities, according to the blockbuster government report released on Friday. more info…
Read More »Reuters: Wealth Campbell ends proxy fight with Third Point, adds directors Campbell Soup and Third Point LLC settled their proxy contest on Monday by adding two of the hedge fund’s nominees to the U.S. food company’s board and giving the activist investor a say in selecting… more info…
Read More »Business News Campbell Soup reaches truce with Third Point, will add two nominees to board Campbell Soup announced a deal that will add two Third Point nominees to its board: former Blue Buffalo CEO Kurt Schmidt and Comscore President Sarah Hofstetter. more info…
Read More »