(Bloomberg) -- Warren Buffett’s Berkshire Hathaway Inc., American International Group Inc. and Liberty Mutual are under pressure from a New York City official over their ties to the coal industry.Comptroller Scott Stringer, on behalf of three New York City pension funds, sent letters to executives at the three insurers, urging them to stop underwriting coal projects and divest from the industry, he said in a statement Friday.“Divesting from the coal industry is the right thing to do for our planet, our future and our children -- and it’s the smart thing to do for investors,” Stringer said in the statement. “Continuing to invest in coal projects will only create greater financial risk, potential liability and future cost burdens.”Berkshire has faced scrutiny from environmental activists before, with some in 2016 asking the company to detail how climate change would affect the conglomerate’s insurers. Liberty Mutual appointed its first chief sustainability officer in...
Hilton CEO Christopher Nassetta sat down with Yahoo Finance to discuss how the coronavirus will impact companies more in the second and third quarters....
A $4.2 billion deal for Boeing to buy the civil jetmaking arm of Brazil's Embraer has hit a roadblock over implementation, threatening its collapse barring a last-minute breakthrough on Friday, people familiar with the talks said. The companies have been in discussions to assess whether various contractual conditions have been met for the tie-up, including the way a new venture 80%-owned by Boeing would be set up and funded, and have the rest of Friday to resolve the issue. The deal also depends on delayed approval from the European Union which has said it needs until August to complete its anti-trust probe after the deal was cleared by other regulators, but this is not seen as the main stumbling block....
A $4.2 billion deal for Boeing to buy the civil jetmaking arm of Brazil's Embraer has hit a roadblock over implementation, leaving its fate uncertain unless a breakthrough can be found quickly, people familiar with the talks said. The companies have been in discussions to assess whether various contractual conditions have been met for the tie-up, including the way a new venture 80%-owned by Boeing would be set up and funded, and have the rest of Friday to resolve the issue. The deal also depends on delayed approval from the European Union which has said it needs until August to complete its anti-trust probe after the deal was cleared by other regulators, but this is not seen as the main stumbling block....
The economy has ground to a halt, for now, and there is plenty of debate on when and how the recovery will come, but one thing is certain: there will be change. Many of the changes will likely involve the way we work and communicate – the ‘social distancing’ policies in place have forced many white-collar workers to move their workspace from the office to the home, and increased the demands on the nation’s networking infrastructure and internet access plans.Lower costs and latency will be in high demand, even as the workforce hopfully returns to normal in 2H20. It’s likely that many companies will opt to keep at least some of their employees working by remote, and it is also likely that schools and universities will continue making use of remote learning. Even without that, however, the home quarantines have pushed a large part of the population to start using multiple...
Seeking to increase pressure on socialist President Nicolas Maduro, the U.S. Treasury late on Tuesday imposed restrictions on Chevron Corp's joint ventures with Venezuelan state-run oil company PDVSA. The new restrictions effectively told Chevron, Halliburton, Schlumberger and others to wind down their activity in Venezuela by December....
