IBT Staff Reporter

78241-78270 (out of 154943)

Judge halts damages enforcement against Chevron

A U.S. judge on Monday halted enforcement of an $8.6 billion award against Chevron Corp , siding with the oil company against Ecuadorean plaintiffs in a long-running dispute over Amazon rain forest pollution.

FINRA probes muni firms on credit agency freebies

Securities industry regulators are investigating municipal bond underwriters over excessive expenses in entertaining officials of credit rating agencies, bond issuers and their families to drum up business.

There Are No Good Outcomes in The Oil Game

There are no good outcomes, only bad, really bad, and catastrophic. Take your pick. Could gas prices drop below $3.00 per gallon if the world sinks back into recession? Yes. But it would only be momentary. The easy to access supply is dwindling. The medium and long term direction of gas at the pump is up. There is nothing that can be done in the next five years to prevent significantly higher oil prices.

Genzyme CEO Termeer to leave with about $160 million

Genzyme Corp Chief Executive Henri Termeer is set to walk away with nearly $160 million when the sale of his company to French drugmaker Sanofi-Aventis is final -- and stands to earn considerably more should Genzyme's multiple sclerosis drug prove as successful as Termeer has predicted.

Wall Street drops as tech teeters

Technology stocks sold off on Monday, with the Nasdaq teetering on a key technical support level as uncertainty over higher oil prices looks set to drive volatility in the days ahead.

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