BP Plc’s board woke up on Wednesday facing an urgent search for a new boss, its fifth in 16 years. Outgoing Chief Executive Officer Bernard Looney shocked the industry a day earlier with his resignation after failing to fully disclose past relationships with colleagues.
The annual pace of inflation rose by a full percentage point in the West North Central region last month, an area that includes Iowa, Kansas, Minnesota, Missouri, Nebraska and the Dakotas, while holding close to the Fed’s 2% target in New England, according to Bureau of Labor Statistics data published Wednesday. All regions saw increases in inflation last month. In the South Atlantic area, which includes Florida, the annual rate rose to 4.5% — the highest in the country and about twice as fast a
A group of banks led by Bank of America Corp. and JPMorgan Chase & Co. is looking to offload about $1.35 billion of debt tied to the acquisition of satellite company Inmarsat Group Holdings Ltd. by Viasat Inc. as demand for risky debt rebounds.
French billboards and TV shows are all about solidarity with earthquake-stricken Morocco, and the large Franco-Moroccan community is getting organized to ship aid, yet one person isn’t able to help and he’s not happy about it: Emmanuel Macron.
The collection includes a $120 million Picasso.
After Aaron Rodgers suffered a shock injury just moments into his highly anticipated debut for the New York Jets, a familiar stream of anger burst across social media.
Global debt is likely to resume its rising trend after a dip last year, the International Monetary Fund warned, due to rebounding economic growth and stable inflation, as well as a sustained issuance of debt by China.
UK prosecutors charged four people associated with Patisserie Valerie with fraud following an accounting scandal that brought down the 90-year-old high-street bakery chain.
The European Union is launching an investigation into Chinese subsidies for electric vehicles in a bid to ward off a flood of cheap imports, an escalation that opens the door to retaliation which would hit the bloc’s carmakers hard.
Ukraine hit a shipyard in Crimea in a missile attack overnight, damaging two navy vessels and wounding at least 24 people, while Russia again targeted Ukrainian port facilities on the Danube river with drones.
