Attackers who hacked into Colonial Pipeline systems chose one of the most important segments of the U.S. energy infrastructure, an artery that carries half of all fuel consumed on the East Coast.
The Capitol Police officer suffered a fatal stroke a day after he was assaulted during the Jan. 6 riot at the U.S. Capitol, the Washington, D.C., medical examiner’s office said.
José Carlos Grubisich pleaded guilty to two counts of conspiring to violate U.S. antibribery law, which carry a possible sentence of 10 years.
Cutting the fossil-fuel industry’s tax perks might not dramatically affect hydrocarbon output or the environment, but it will mark the end of an era for Big Oil.
Protesters called for police accountability Monday evening, a day after the shooting of a 20-year-old Black man, Daunte Wright, whose death police described as a tragic accident.
Royal Dutch Shell said gains it made from higher oil prices in the first quarter would be partly offset by disruption related to the winter storm in Texas, knocking the energy giant’s recovery from the pandemic.
The oil giant said it had a solid start to the year, aided by higher energy prices and strong results from its trading division, giving the first indication that major oil companies are on the road to recovery after pandemic-induced losses across the industry last year.
A handful of Wall Street firms that bet big on the power sector in recent years made millions in paper profits when the winter storm in Texas boosted demand for the electricity generated by plants they own.
The activist investor is hiring GE veteran Aris Kekedjian to be CEO of Icahn Enterprises as part of a broader leadership overhaul.
The move paves the way for another supersize state-run enterprise that Beijing hopes will become a dominant global player.
Shou Zi Chew, who ran Xiaomi’s finances until 2020, will join ByteDance in Singapore.
Shares of Toyota, Nissan and Honda fell as the industry assessed the impact on global chip supplies resulting from Friday’s fire at a Japanese factory owned by a unit of Renesas.
The extreme weather in Texas and backlogs at California ports have compounded problems during the pandemic by slowing production and supplies for a range of businesses.
Supply-chain problems are complicating production at Toyota, Honda, and Samsung, as freak weather, port blockages and the continued impact of Covid-19 combine to disrupt global supply chains.
Numerous chemical plants were shut down as Texas lost power last month, disrupting a global supply chain for consumer goods.
Brian Sicknick, the Capitol Police officer who died after being injured in the Jan. 6 attack, was sprayed with a chemical, according to a court document.
Braskem has opened an internal investigation into bribery allegations made last year by the former chief executive of Mexico’s state-run oil company, according to a securities disclosure.
Amid the current SPAC frenzy, companies with little revenue today are projecting explosive growth in a short time, leaving some investors skeptical.
Consumers could expect to see prices on goods from mattresses to storage containers increase as finance chiefs try to offset higher costs for raw materials.
The firms that led the litigation against Bayer argue that they deserve a bigger slice of the nearly $10 billion settlement than those that joined later.