Exxon Mobil already has likely selected Tillerson's successor
Exxon Mobil Corp. promoted Darren Woods, 50, to president, putting him on a path to succeed Chairman and Chief Executive Officer Rex Tillerson as leader of the worldé¢Ã©„é´s largest energy producer by market value. Exxon Mobil Corp. promoted Darren Woods, 50, to president, putting... Exxon Mobil Corp. likely has already picked chief executive Rex Tillerso..>> view originalDow Flirts With 20000 as Stocks Rise, Gold Falls Ahead of Fed
Global stocks advanced, sending the Dow Jones Industrial Average surging toward 20,000 on speculation that the Federal Reserve’s expected rate increase is a signal of confidence that the world’s largest economy is strengthening. The dollar and Treasuries were little changed. The most important market news of the day. Get our markets daily newsletter. Business Your guide to the most important bu..>> view originalAsian Stocks Mostly Higher Ahead of Fed's Rate Decision
Asian Stocks Mostly Higher Ahead of Fed’s Rate Decision Asian stock markets were mostly higher on Wednesday ahead of the Federal Reserve's decision on interest rates. The Fed was widely expected to announce later in the day an increase in the key policy rate for the first time in a year. KEEPING SCORE: Japan's Nikkei 225 finished nearly unchanged at 19,253.61 and South Korea's Kospi gained less than 0.1 percent to close at 2,036.87. Hong Kong's Hang Seng index rose 0.4 percen..>> view originalRex Tillerson's 3 am phone call
It was nearly 3 o’clock in the morning when the phone rang in Sanaa, the capital of Yemen, an impoverished, war-torn country on the tip of the Arabian Peninsula. Hours earlier, Rex Tillerson, then a young, up-and-coming country manager at Exxon, had just wrapped up three days of contentious negotiations over an energy deal with the Yemeni government, an agreement that would fundamentally reshape the country for years to come. Exhausted, he had gone to sleep around midnight, hoping for an uneve..>> view originalGovernment Ethics Office Says Trump Should Divest Himself Of His Businesses
President-elect Donald Trump, shown here at a rally in Iowa last week, cancelled a press conference where he was supposed to reveal how he will deal with conflicts of interest. Charlie Neibergall/AP hide caption toggle caption Charlie Neibergall/AP President-elect Donald Trump, shown here at a rally in Iowa last week, cancell..>> view originalFed Expected to Raise Interest Rates: What to Watch
Federal Reserve officials are likely to raise short-term interest rates when their two-day meeting concludes Wednesday, the only increase this year and just the second since June 2006. But what will they signal for the path of rates in 2017 and beyond? This will be the Fed’s first policy meeting since the election of Donald Trump, who has pledged tax cuts and new government spending—policies that could affect the Fed’s outlook for inflation and interest rates over time. The central bank release..>> view originalJapan, Looking for Money, Is Poised to Legalize Casino Gambling
Photo Some forms of gambling are already allowed in Japan, including pachinko, a derivative of pinball. The game has a gambling element that is technically illegal but is universally tolerated in the country. Credit Issei Kato/Reuters TOKYO — Japan is set to deal itself into the multibillion-dollar casino industry.Lawmakers in the country this week cleared the way for the removal of a longstanding prohibition against gambling on blackjack, roulette and other casino game..>> view originalJapan, EU in talks seeking free-trade deal by year-end
TOKYO Japan and the European Union are holding last-ditch talks this week to try reach a broad free trade agreement by the end of the year, Japanese government officials said. The two-way trade talks have taken on greater significance after U.S. President-elect Donald Trump said Washington would withdraw from the Trans-Pacific Partnership, a 12-nation deal Prime Minister Shinzo Abe has said is key to his reforms and once a pillar of Washington's pivot to the Asia-Pacific. "Prime Minister Ab..>> view originalAfter-hours buzz: HTZ, WFC, VRX & more
Check out which companies are making headlines after the bell on Tuesday: Shares of Hertz Global Holdings fell more than 4 percent in extended trade after the company said John Tague will step down from his post as president and CEO of the company. Kathryn Marinello will become the new president and CEO of the company, effective Jan. 3. Carl Icahn, chairman of Icahn Enterprises, the company's largest shareholder, praised the move, commending Marinello's experience. "I am excited about He..>> view originalSilicon Valley tries to make peace with Trump Tower
NEW YORK — The leaders of Apple, Facebook and other tech giants that Donald Trump disparaged on the campaign trail will descend Wednesday on Trump Tower for a meeting that could reset their fractious relationship — or set the stage for four acrimonious years. On the surface, Trump’s first major outreach to Silicon Valley is all about the economy: He plans to convene the chief executives of major tech players like Google's parent company Alphabet, IBM and Microsoft to discuss ways the industry ..>> view original
Wednesday, December 14, 2016
Exxon Mobil already has likely selected Tillerson's successor and other top stories.
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