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The exit underscores the divide in the oil industry over how to respond to climate change. For major oil-and-gas companies, scope 3 can comprise as much as 85% of total emissions, according to S&P Global Market Intelligence. Indeed, InfluenceMap, a London-based think tank focused on energy and climate change, said the API "appears to be broadly hostile to progressive climate policy." Shell RDSA said that it regularly reviews its membership in industry associations, but it signaled no imminent exit from the API. "Specific to climate, API is moving closer to Shell's own stated views," a Shell spokesman told CNN Business.
Persons: Andrew Logan, Patrick Pouyanne, Joe Biden, Biden, Mike Sommers, API's, Sommers, Will, Edward Collins, Shell RDSA, Shell's Organizations: CNN, American Petroleum Institute, Total, BP, Chevron, Corporate, ConocoPhillips, ExxonMobil, Shell, P Global Market Intelligence, Transportation, Alliance, Will BP, CNN Business Locations: York, Corporate America, United States, Paris, London
Rep. Tim Ryan, D-Ohio, told reporters Wednesday that he was aware of the names of some of those congressmen, but wouldn’t reveal their identities. "I’ve heard a couple, but I'm gonna wait to make sure we get verification," Ryan said. Ryan added that the allegations had “been passed on” to authorities “as early as Wednesday night, Thursday morning last week." "We know that the president of the United States incited this insurrection, this armed rebellion, against our country," she said in remarks on the House floor. Guardsmen, who have ready-to-eat military provisions known as MREs, are also taking advantage of the Capitol market, where members and staff typically purchase salads, sandwiches and burgers.
Persons: Mikie Sherrill, “ We’re, ” Sherrill, Sherrill, , Tim Ryan, I’ve, Ryan, Pelosi, Trump, , Donald Trump’s, Capitol Pelosi, VbOhyFxcVj — Frank Thorp V, Joe Biden, Joshua Roberts, Brian Mast, I’d, ” Mast Organizations: FBI, Capitol, Facebook, Republicans, Walmart, Apple, ExxonMobil, Boeing, Troops, of Columbia National Guard, National Guard, Capitol Visitor Center, Guardsmen Locations: D, Ohio, , United States, , Afghanistan
House Democrat asks FBI to investigate 'reconnaissance' tours claims
  + stars: | 2021-01-13 | by ( Nbc News | ) www.nbcnews.com + 0.00   time to read: +7 min
SEE NEW POSTSHouse Democrat asks FBI to investigate 'reconnaissance' tours claims Rep. Mikie Sherrill, D-N.J., said she has requested an FBI investigation into allegations she made Tuesday that that some members of Congress led people through the Capitol on a "reconnaissance" tour of the building a day the riot last Wednesday. Ryan added that the allegations had “been passed on” to authorities “as early as Wednesday night, Thursday morning last week." "We know that the president of the United States incited this insurrection, this armed rebellion, against our country," she said in remarks on the House floor. Buck deflected the question, saying, "The people who came into the Capitol are the people responsible for that action. The exchange happened just before the House prepared to vote on an article of impeachment.
Persons: Mikie Sherrill, “ We’re, ” Sherrill, Sherrill, , Tim Ryan, I’ve, Ryan, Pelosi, Trump, , Donald Trump’s, Capitol Pelosi, VbOhyFxcVj — Frank Thorp V, Joe Biden, Joshua Roberts, Brian Mast, I’d, ” Mast, John Berman, Ken Buck, Berman, Buck, Donald Trump Organizations: FBI, Capitol, Facebook, Republicans, Walmart, Apple, ExxonMobil, Boeing, Troops, of Columbia National Guard, National Guard, Capitol Visitor Center, Guardsmen, CNN, GOP, U.S Locations: D, Ohio, , United States, , Afghanistan, America
SEE NEW POSTSPelosi calls Trump 'a clear and present danger' to the U.S. ahead of impeachment vote Opening two hours of debate ahead of the impeachment vote Wednesday afternoon, Pelosi laid out her argument for why the president should be held accountable for the events leading to the riot in the Capitol last week. He is a clear and present danger to the nation that we all love." Pelosi said the people who participated in the insurrection were "not patriots," but rather "domestic terrorists." Pelosi delivers remarks on impeachment: Trump presents a 'clear and present danger' Jan. 13, 2021 07:17 Share this -House moves to consideration of impeachment measure The House voted 221 to 203 to adopt the rules for consideration of the impeachment measure, which they are debating this afternoon. The exchange happened just before the House prepared to vote on an article of impeachment.
Persons: Pelosi, Trump, , Donald Trump’s, , Capitol Pelosi, VbOhyFxcVj — Frank Thorp V, Joe Biden, Joshua Roberts, Brian Mast, I’d, ” Mast, John Berman, Ken Buck, Berman, Buck, Donald Trump, Jim Jordan, Liz Cheney, Trump’s, ” Jordan, Cheney Organizations: Capitol, Republicans, Walmart, Apple, ExxonMobil, Boeing, Troops, of Columbia National Guard, National Guard, Capitol Visitor Center, Guardsmen, CNN, GOP, U.S, GOP House, House Republican, Republican Locations: United States, , Afghanistan, America, Ohio
House moves to consideration of impeachment measure
  + stars: | 2021-01-13 | by ( Nbc News | ) www.nbcnews.com + 0.00   time to read: +7 min
SEE NEW POSTSHouse moves to consideration of impeachment measure The House voted 221 to 203 to adopt the rules for consideration of the impeachment measure, which they are debating this afternoon. But Buck said after years of increasing animosity between Republicans and Democrats, blaming one Trump speech for the riots is inaccurate. Buck deflected the question, saying, "The people who came into the Capitol are the people responsible for that action. The exchange happened just before the House prepared to vote on an article of impeachment. Earlier this week, Airbnb banned “numerous individuals” associated with known hate groups or the violent attack on the Capitol.
Persons: Trump, , Donald Trump’s, , Pelosi, Capitol Pelosi, VbOhyFxcVj — Frank Thorp V, Joe Biden, Joshua Roberts, Brian Mast, I’d, ” Mast, John Berman, Ken Buck, Berman, Buck, Donald Trump, Jim Jordan, Liz Cheney, Trump’s, ” Jordan, Cheney, Airbnb Organizations: Republicans, Capitol, Walmart, Apple, ExxonMobil, Boeing, Troops, of Columbia National Guard, National Guard, Capitol Visitor Center, Guardsmen, CNN, GOP, U.S, GOP House, House Republican, Republican, Virginia Locations: , Afghanistan, America, Ohio, United States, Washington
Bank of America strategist Stephen Suttmeier says the Dow's highest-dividend stocks, known on Wall Street as "the dogs of the Dow," might be a good play for investors in 2021. Dogged persistence has a way of paying dividends, and Bank of America says that should hold true over the next few years. The red line is the S&P 500 Total Return Index, which has lagged the high-yielding Dow stocks since the market's low in late 2002. Bank of America says the highest-dividend Dow stocks on have beaten the market since 2002, and they tend to do even better after weak periods like 2018-19. Bank of America Global ResearchThe list of "dogs of the Dow" is updated annually as the index's components change.
Persons: Stephen Suttmeier, Suttmeier, Dow, they've Organizations: of America, Dow, Bank of America, Dow Jones, Bank of America Global, Merck, ExxonMobil, Pfizer, Bank of
New York (CNN Business) Elon Musk is getting close to grabbing the title of world's richest person from Amazon CEO Jeff Bezos. Bezos' stake in Amazon shares increased by $75 billion in 2020, to $173.3 billion, given the huge increase in sales driven by the Covid-19 pandemic. Tesla shares are off to a good start in 2021, rising another $50.31 a share, or 7%, since the start of this year. Bezos does not have any Amazon stock options, only the 53.2 million shares he has as the company's founder. He would have had more if he hadn't given 19.7 million shares to his ex-wife, MacKenzie Scott, in his divorce .
Persons: Elon Musk, Jeff Bezos, Bill Gates, Bezos, Forbes, Tesla, Gates, MacKenzie Scott, Musk, It's Organizations: CNN Business, Amazon, Bloomberg, Bezos, Forbes, Big Tech, Tesla, SpaceX, ExxonMobil Locations: York, Tesla, United States
President-elect Joe Biden needs to step up and take a stand against the oil industry. The oil industry has been exposedThe past year has finally exposed the US oil and gas industry as a debt-fueled Ponzi scheme that loses money when oil prices are too low. Meanwhile, the pressure keeps ramping up on the fossil fuel industry. Nevertheless, Donald Trump's oil-soaked administration has mounted a relentless rear-guard effort to save fossil fuels, providing the fossil fuel industry any climate-damaging regulatory rollback or favor they wanted. It's time for Biden to step upPresident-elect Biden has a historic opportunity to reverse course and reign in the fossil fuel industry.
Persons: Joe Biden, Robert Weissman, Trump, Shell, Donald Trump's, Biden Organizations: Public Citizen, ExxonMobil, Chevron, Wall Street, New York state's, Bank of America, Trump, Federal, Exxon, Marathon Petroleum, Federal Reserve Locations: New York, Paris, Washington
2020's biggest winners and losers in business
  + stars: | 2020-12-30 | by ( Cnn Business Staff | ) edition.cnn.com + 0.00   time to read: +20 min
In a year of widespread and often devastating hardships, no business or industry came through 2020 untouched by the Covid-19 pandemic. Here's a look at the biggest winners and losers in 2020 and a preview of what the year ahead might bring. --Matt EganWinner: SolarCalexico Solar Farm II in Calexico, CaliforniaThe rise of socially conscious investing helped carry the solar industry to a blockbuster year. But after four years of a climate-denier in the White House, President-elect Joe Biden's promise to urgently address the climate crisis will undoubtedly help propel the solar industry. And Amazon was among the biggest winners, with sales leaping $67 billion, or 35%, in the first three quarters of the year.
Persons: Horton, What's, Paul R, Monica, Hilton, La Monica, Biden, Curaleaf, Matt Egan, Joe Biden's, Banks Banks, Banks, Bitcoin, bitcoin, Paul Tudor Jones, Stanley Druckenmiller, Anthony Scaramucci, Chris Isidore Winner, Esports, Shannon Liao, Ann Taylor, Lane Bryant, Chris Isidore Loser, Hertz, Max wasn't, Charli, Jazmin Goodwin, Frank Pallotta, Olivia Colman, Queen Elizabeth II, HBO Max Organizations: Home, Fed, Mortgage Bankers Association, Carnival CCL, Caribbean, Marriott, La, Federal, Constellation Brands, ExxonMobil, Dow Jones, Corporate, Citigroup, Bank of America, Federal Reserve, Investors, PayPal, Skybridge, TSA, Louis Armstrong International, Traffic, Airlines, Consumers, Nintendo, Facebook, . Bank, Malls, Retail Walmart, Walmart, Costco, Target, Tech, Technology, Netflix, Microsoft, Apple, Google, Big Tech, Boeing, Disney, Warner Bros, HBO Locations: Lowe's, Williams, Sonoma, Miami, Airbnb, Plenty, Saudi Arabia, Russia, Calexico , California, Wells, bitcoin, New Orleans , Louisiana, Jos, Washington, Hollywood
Oil steadies as surprise U.S. stockbuild weighs
  + stars: | 2020-12-23 | by ( Ahmad Ghaddar | ) www.reuters.com sentiment -1.00   time to read: +2 min
LONDON (Reuters) - Oil steadied on Wednesday after earlier losses sparked by an unexpected rise in U.S. crude oil inventories, and as President Donald Trump rattled markets by threatening not to sign a long-awaited U.S. COVID-19 relief bill. FILE PHOTO: Oil pump jacks work at sunset near Midland, Texas, U.S., August 21, 2019. The American Petroleum Institute (API) reported on Tuesday that U.S. crude inventories rose by 2.7 million barrels last week, compared with analyst expectations for 3.2 million barrel draw. A weak greenback makes dollar-denominated commodities such as crude oil cheaper to holders of other currencies. ExxonMobil issued a force majeure on the Qua Iboe crude oil export terminal last week after a fire hit the facility and injured two workers.
Persons: Donald Trump, Jessica Lutz, Brent, ” Stephen Brennock, PVM, Oil, Trump Organizations: REUTERS, U.S, West Texas, American Petroleum Institute, ExxonMobil Locations: Midland , Texas, U.S, Nigeria, United States
Oil gains on weaker dollar, U.S. stockbuild weighs
  + stars: | 2020-12-23 | by ( Ahmad Ghaddar | ) www.reuters.com sentiment -1.00   time to read: +2 min
LONDON (Reuters) -Oil prices firmed on Wednesday supported by a weaker dollar, but an unexpected rise in U.S. crude oil inventories capped gains. The American Petroleum Institute (API) reported on Tuesday that U.S. crude inventories rose by 2.7 million barrels last week, compared with analyst expectations for 3.2 million barrel draw. The falling U.S. dollar, however, supported prices. A weak greenback makes dollar-denominated commodities such as crude oil cheaper to holders of other currencies. ExxonMobil issued a force majeure on the Qua Iboe crude oil export terminal last week after a fire hit the facility and injured two workers.
Persons: Jessica Lutz, Brent, ” Stephen Brennock, PVM, Donald Trump Organizations: REUTERS, U.S, West Texas, American Petroleum Institute, ExxonMobil Locations: Midland , Texas, U.S, Nigeria
Exxon is in crisis. Angry shareholders are rebelling
  + stars: | 2020-12-15 | by ( Matt Egan | Cnn Business | ) edition.cnn.com + 0.00   time to read: +7 min
Once the world's most valuable public company, Exxon's market valuation has crumbled by a staggering $266 billion since mid-2014. The company decided instead to invest in complex overseas projects, some of which, including a joint venture with Russian oil company Rosneft , failed to pan out. 1 said Exxon should "fully explore" ways to use its scale and expertise by investigating growth areas, including "more significant investment in net-zero emissions energy sources and clean energy infrastructure." State Street STT BlackRock BLK Even with the support of CalSTRS and the Church of England, the shareholders own just a small slice of what is still a $180 billion company. And if those frustrated shareholders team up with environmental groups and socially-conscious investors, Exxon could be in trouble.
Persons: that's, Shaw, Exxon hasn't, they've, Peter McNally, Stewart Glickman, JANA, Charlie Penner, Jennifer Grancio, rivalhave, Exxon, Darren Woods, Andrew Logan, Logan, Glickman Organizations: CNN, ExxonMobil, Exxon, of, California State Teachers, CNN Business, Dow Jones, Third, Group, CFRA, BlackRock, Energy, D.E, Bloomberg News, Royal, Shell, Chevron, ConocoPhillips, Occidental Petroleum andhave, of England, Vanguard Locations: York, Texas
Source: ExxonMobilA week after multiple activist investor groups targeted Exxon Mobil for recent financial underperformance as well as climate change concerns, the oil giant has released a new five-year plan to reduce greenhouse gas emissions. Experts who reviewed the announcement said it was difficult to judge that goal, given the lack of detail on how Exxon Mobil would get there. "ExxonMobil now says it will disclose these emissions, which make up the lion's share — roughly 80% to 90% — of company emissions. Small bets on energy moonshots, like turning algae into biofuels, have received investment from Exxon Mobil, but on a more limited basis. If Exxon Mobil bet heavily on the wrong technology, then shareholders could be up in arms over that form of value destruction.
Persons: Stewart Glickman, Glickman, Andrew Logan, Logan, Darren Woods, Shaw, ExxonMobil's, Ken Jack Organizations: Exxon Mobil, Exxon, ExxonMobil, Investors, Oil, Resources, ConocoPhillips, Occidental Petroleum, Chevron, Houston, of, Investment, Bloomberg, CFRA Research, D.E, Stewart Glickman CFRA, Flames, Getty Locations: Paris, Cowdenbeath, Scotland
Lawmakers will now attempt to determine if antitrust regulations can be applied to four large tech companies that dominate the industry. The last would lead to the creation of the Federal Trade Commission, which is the main government entity tasked with enforcing antitrust laws today. So what's the parallel between tech companies and the big businesses around the turn of the 20th century? How can antitrust laws be used on Big Tech? The leaders of the "big four" tech companies attempted to make their case as to why they aren't infringing on the competition.
Persons: John D, Rockefeller, Sherman, Clayton, Bill Gates, Douglas Graham, Reagan, Ma Bell, Uncle Sam, they're, Sundar Pichai, Tim Cook, US Department of Justice —, , Makan Delrahim, it's, aren't, Ian Madrigal, Melina Mara, wasn't Organizations: Federal Trade Commission, Facebook, Apple, Google, Department of Justice, titans, Oil, Rockefeller, Antitrust, Standard Oil, ExxonMobil, Chevron, Microsoft, Congressional, US Justice Department, IBM, Sherman, Windows, US Department of Justice, Big Tech, FTC, Monopoly, Capitol, Washington Locations: United States, Investopedia, New York, Seattle, Washington , DC
CalSTRS's Chris Ailman on calling for company overhaul at Exxon Mobil
  + stars: | 2020-12-07 | by ( ) www.cnbc.com + 0.97   time to read: 1 min
CalSTRS's Chris Ailman on calling for company overhaul at Exxon MobilSan Francisco based investment firm, Engine No. 1 is pressuring ExxonMobil to focus more on investments in clean energy while cutting costs elsewhere to preserve its dividend. Pension fund Calstrs, which holds more than $300 million Exxon stake, is backing Engine No. 1’s decision. Christopher Ailman, CalSTRS chief investment officer, joins ‘Closing Bell’ to talk about what this means for ExxonMobil.
Persons: Chris Ailman, Christopher Ailman, Bell Organizations: Exxon Mobil San, ExxonMobil, Exxon Locations: Exxon Mobil San Francisco
ET Stocks Rally, Looking Past Virus Concerns: Live Updates RIGHT NOW Airbnb seeks valuation of nearly $35 billion in I.P.O. The Fed has suggested it is disappointed with that decision, and Mr. Powell will address it in his remarks. Mr. Powell plans to note that the legislation gave “sole authority over its funds” to the Treasury secretary and that the Fed will give the money back. “For now, significant challenges and uncertainties remain, including timing, production and distribution, and efficacy across different groups,” Mr. Powell will say. “I continue to believe that a targeted fiscal package is the most appropriate federal response,” Mr. Mnuchin says in his prepared remarks.
Persons: Ahmed Jadallah, Jean Pierre Mustier, Tesla, Dow, Dow Jones, — Powell, Mnuchin, Jerome Powell, Steve Mnuchin, Caroline Brehman, Jerome H, Powell, Steven Mnuchin, Mr, , , Brian Chesky, Calla Kessler, New York Times Airbnb, Airbnb, DoorDash, Michael J, York Times’s Eduardo Porter, Marcela Escobari, Escobari, Stephanie Brown, Emily Kask, Darren Woods Organizations: Reuters, Wall, Caixin, IHS, Nikkei, Organization, Economic Co, Debenhams, JD Sports, Dow Jones Indices, Federal Reserve, Treasury, Banking Committee, Fed, Financial Services, New York Times, Securities and Exchange Commission, Nasdaq, Roblox, Merced, The, Taxi Drivers, Machinists, Food Prep Workers House, Nurses, Goods, Mail, Supervisors, Brookings Institution, Taxi, Air Force, Salesforce, New, Exxon Mobil, ExxonMobil, The New York Times Exxon Mobil, Exxon Mobil’s, XTO Energy, Royal, Shell, Chevron, Exxon, Dow, Company Locations: I.P.O, Saudi, Saudi Arabia, Russia, Reuters U.S, Shanghai, Hong Kong, Japan, Europe, Germany, France, China, Kazakhstan, UniCredit, British, Arcadia, United States, York, Rochester, Mich, New York, Ann Arbor, Baton Rouge, La, Appalachia, Rocky, , Oklahoma , Texas , Louisiana , Arkansas, Canada, Argentina, Africa, New Mexico, West Texas, Guyana, Brazil
In 2013, Exxon Mobil was the world's most valuable company. In 2013, Exxon Mobil was the most valuable company in the world by market capitalization. Today, the nation's largest oil company is grappling with three consecutive quarters of losses for the first time in company history. Here are the main factors that could cause the Exxon Mobil empire to continue plummeting in value. Global market crashes in the oil industryExxon, and the oil industry as a whole, suffered from two major oil-market crashes in the past decade.
Persons: John D, Steve Coll, Exxon's, Tom Sanzillo, Pavel Molchanov, Raymond James &, Rex Tillerson, Molchanov, Darren Woods, Mark Stoeckle, Woods, Apple, Dow, Casey Norton Organizations: Exxon Mobil, Dow Jones, Exxon, ExxonMobil, Shell, BP, Mobil, Columbia Journalism School, CIA, CNN Business, Raymond James & Associates, XTO Energy, Companies, Adams Funds, Wall Street, Dow Locations: Coll, Republic of Chad, Indonesia, Saudi Arabia, New York State, Woods, Guyana
New York (CNN Business) The gloom-and-doom dominating the oil industry is finally starting to ease just a bit. Oil prices are showing signs of life, rebounding from their unprecedented dip below zero this spring. 'Mother-of-all gut punches'The resurgence makes sense given that US oil prices climbed 27% in November, marking one of the best months ever. The crash in oil prices this spring was partially driven by the price war between Saudi Arabia and Russia. The rise of ESGBigger picture, the oil industry still has a massive climate problem, one that can't be solved by OPEC, vaccines or the election.
Persons: Refinitiv, Bob McNally, Daryl Jones, Covid, McNally, Kamala Harris, crosshairs, Biden, Tesla Organizations: CNN, Rapidan Energy, Pfizer, Risk, Energy, ExxonMobil, Senate, Big, OPEC Locations: York, Washington, Georgia, Saudi Arabia, Russia, OPEC
ExxonMobil calls off sale of assets in Australia's Bass Strait: AFR
  + stars: | 2020-11-27 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: 1 min
FILE PHOTO: An Exxon sign is seen at a gas station in the Chicago suburb of Norridge, Illinois, U.S., October 27, 2016. REUTERS/Jim YoungSYDNEY (Reuters) - ExxonMobil has called off the potential multibillion-dollar sale of its oil and gas assets in Australia’s Bass Strait, according to the Australian Financial Review. “After completing an extensive market evaluation, ExxonMobil has decided to retain its operated Gippsland Basin producing assets in Australia,” a spokesman for ExxonMobil’s local affiliate Esso Australia was quoted by the AFR as saying. He signalled that the sale process had not yielded attractive enough offers, the AFR reported. An ExxonMobil spokesman was not immediately available for comment on Saturday.
Persons: Jim Young SYDNEY, Organizations: Exxon, REUTERS, ExxonMobil, Australian Financial, JPMorgan, , Esso Australia Locations: Chicago, Norridge , Illinois, U.S, Australia’s Bass, Australia
However both U.S. major Exxon and France’s Total are now renegotiating that contract with each other, the sources said. The FID on Total’s $20 billion Mozambique LNG project was made in June 2019. In 2017 Eni sold a stake in the Rovuma venture to Exxon, which is now the project operator, while Anadarko sold Mozambique LNG to Total last year. Mozambique LNG expects to produce the first LNG in 2024, delivering 12.88 MTPA of LNG in its first phase. Reuters was not able to establish what Total wanted to change its straddling gas and LNG production figures to.
Persons: Jim Young, unitisation, Eni, , Exxon’s FID, Organizations: ExxonMobil, Exxon, REUTERS, France’s, LNG, Mozambique LNG, Eni, Anadarko, National Petroleum Institute, Tcf, Reuters, Energy, Islamic Locations: JOHANNESBURG, MILAN, Mozambique, Chicago, Norridge , Illinois, U.S, Mozambican, Anadarko, , LNG, Oslo, Islamic State
Exxon to cut up to 300 jobs in Canada
  + stars: | 2020-11-25 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
FILE PHOTO: A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraes(Reuters) - U.S. oil major Exxon Mobil Corp said on Wednesday it plans to reduce up to 300 positions in Canada as part of an ongoing cost-cut plan due to a coronavirus-driven slump in oil prices. Reductions will include positions at Imperial Oil Ltd, ExxonMobil Canada Ltd and ExxonMobil Business Centre Canada ULC, the company said. The top U.S. oil company had earlier outlined more than $10 billion in budget cuts this year. Suncor Energy, Canada’s second biggest oil company, said last month it would cut its workforce by up to 15% over the next year and a half.
Persons: Sergio Moraes Organizations: Exxon Mobil Corp, Oil, Gas Expo, REUTERS, Imperial Oil Ltd, ExxonMobil Canada Ltd, ExxonMobil Business Centre Canada ULC, Exxon, Suncor Energy Locations: Rio de Janeiro, Brazil, Canada
More than 20 big-name corporations either told Insider that they'd like to contribute money to Biden's presidential inauguration festivities, or they wouldn't rule out donating. The president-elect is expected to formally create an inauguration committee in the coming days and staff it with dozens, if not hundreds of hires. Aerospace giant Boeing, which provided $1 million to both the 2013 and 2017 inaugural committees, is also poised to re-up. UPS, which contributed $250,000 to the 2017 inauguration, hasn't yet formalized plans for a 2021 inauguration contribution, spokesperson Kara Ross said. Trump's 2017 inauguration committee continues to face investigations over its finances.
Persons: Joe Biden, Barack Obama, Donald Trump, didn't, Biden, hinging, , Bill Halldin, Rachel McCleery, Ford, haven't, we've, Bryan Watt, Kara Ross, Ross, Rick Claypool, Claypool, Jamie Foxx, Michael Kovac, Roy Blunt, Obama, doesn't, Trump's, Northrop Grumman, Trump, Amir Cohen, Ron Klain, Steve Ricchetti, Cedric Richmond, Bruce Freed, Knight, CrossFit, Greenberg Traurig, William Moss Organizations: Democrats, Biden, of America, Ford Motor Co, Aerospace, Boeing, UPS, Public Citizen, Corporations, Joint, Republican, alls, Microsoft, Chevron, Trump's, Trump International Hotel, New York Times, FedEx, General Motors, Xerox, Google, Comcast, MetLife, Southern Co, drugmaker Pfizer, Pfizer, Walmart, Visa, Verizon, JPMorgan Chase, PepsiCo, Qualcomm, Quicken Loans, Deloitte, Dow, ExxonMobil, BP, Citgo Petroleum, Baseball, Intel, Reuters, Trump, White House, White, Democratic Party, Louisiana Democratic Rep, Big, Political, Count, American Chemistry Council, Raytheon Technologies, Tesla Motors, Responsive, K12 Inc, Pride Mobility Products Corporation, CrossFit Affiliates, Greenberg Traurig LLP, Peabody Energy, Reynolds, Samsung, Hyundai Motor Company, McKinsey & Company, Spokespeople, Insider Locations: United States, America, Missouri, Washington ,, Southern, Trump, Louisiana, Atlanta , Philadelphia, Phoenix, Seattle, Holland
Oil major Chevron plans to cut 25% of its Nigeria workforce, which IndustriALL Global Union said included 1,000 jobs. Already, the oil companies do not provide enough jobs to satisfy employment needs in the region, which has few other industries. STRIKE THREATUnion PENGASSAN has threatened strikes over 65 job cuts at oil services firm Baker Hughes. Royal Dutch Shell RDSa.L and ExxonMobil XOM.N have announced global job cuts, but said they do not know how many would come in Nigeria. But Henshaw and Ogun said some would tap them to sell oil or make money refining it.
Persons: Afolabi, “ It’s, , Ken Henshaw, PENGASSAN, Baker Hughes, Eni ENI.MI, Pengassan, Henshaw, Patterson Ogun, Ogun Organizations: HARCOURT, Reuters, REUTERS, Port Harcourt, Oil, Chevron, IndustriALL Global, Youth Council, Royal, Shell, ExxonMobil XOM.N, Delta, Eurasia Group, Ijaw Council, Human Rights Locations: LAGOS, Ughelli, Delta State, Nigeria, Akwa Ibom, Rivers, Nigeria's Delta, Gulf, Guinea
Some college students have seen their parents laid off, lose jobs or close businesses — major events that have shaken their family finances. That's forced some to have to jump in earlier than expected to help their family financially. Two-thirds of college students said the crisis has changed their outlook on their financial future, according to WalletHub's 2020 College Student Financial survey. "This is the opportunity for young people to take a pause," said Vivian Tsai, chair of the College Savings Foundation. Ko has not returned home, even after Harvard made students without extenuating circumstances leave campus last March.
Persons: Michelle Gao, Cindy Perman, That's, it's, Vivian Tsai, Dylan Fox, Fox's, Fox, , He's, Caroline Ko Organizations: CNBC, Harvard University, College Savings Foundation, Student Financial, College Savings Foundation . College, Princeton University, Fox, Satellite, Foxes, Marvel, ExxonMobil, BP, Harvard Locations: Invest, Tennessee, New York, Mississippi, Covid
From Wall Street to weed, corporate America prepares for life in purple
  + stars: | 2020-11-07 | by ( ) www.nbcnews.com + 0.00   time to read: +8 min
Wall Street reprieveThe money business dodged the blue wave, but a purple ripple could change that. Biden's proposed rise in the corporate income tax rate from 21 percent to 28 percent would affect financial institutions as it would most companies. Every Senate vote counts, and many rely on Wall Street employees for votes and contributions. Bringing New Jersey into the fold of states that let adults buy and consume cannabis is a big step. It increases the pressure on neighboring states like New York to do likewise or see potential tax dollars leak away.
Persons: Joe Biden, Here's, Goldman Sachs, Donald Trump's Washington, Biden, Trump, Kraft Heinz Organizations: Citigroup, Democratic, Senate, Financial, Wall, Trump, Brookfield Asset Management, Blackstone, Wharton School, University of Pennsylvania, Amtrak, Ford Motor, Motors, Energy, Biden, Companies, ExxonMobil, Federal Reserve, Clorox, Republicans, Voters Locations: Brookfield, Austin , Texas, Fairfax County , Virginia, Sonoma County , California, Delaware, Washington, California, Paris, New Jersey , Arizona, South Dakota, Montana, New Jersey, New York, Illinois
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