Wednesday 30 May 2018

Exxon shareholders reject proposal to split CEO, chair roles

Exxon shareholders reject proposal to split CEO, chair roles

Exxon Mobil Corp shareholders rejected a proposal on Wednesday that would have split the roles of chairman and chief executive, securing CEO Darren Woods's role as he looks to improve results at the world's largest publicly traded oil producer. Woods, who became chairman and CEO in January 2017, has struggled to recover from failed bets taken by his predecessor Rex Tillerson, the former U.S. secretary of state, that resulted in billions of dollars in write-downs and a stock price that has lagged peers.

Wall St. rebounds, fueled by energy stocks

NEW YORK (Reuters) - U.S. stocks rose on Wednesday, with the S&P 500 set to erase all its losses from Tuesday as signs of easing political turmoil in Italy emerged.

Oil climbs more than 2 percent as tight supplies in focus

NEW YORK (Reuters) - Oil prices climbed surged on Wednesday, rebounding from a four-day slump as Russia's central bank expressed caution on plans to boost oil supply and analysts forecast a drawdown in U.S. crude inventories.

Consumer Reports recommends Tesla's Model 3 after braking fix

(Reuters) - Influential U.S. magazine Consumer Reports said on Wednesday that it now recommended Tesla Inc's Model 3 sedan after its latest tests showed that a firmware update improved the car's braking distance by nearly 20 feet.

Blackstone sees scope for Italian deals despite political strife

NEW YORK (Reuters) - Alternative asset manager Blackstone Group LP is still open to doing deals in Italy despite political turmoil in the euro zone country, President and Chief Operating Officer Jon Gray said on Wednesday.

Mapbox partners with Microsoft, Intel to provide self-driving car maps

(Reuters) - Mapping startup Mapbox Inc said on Wednesday it is teaming up with Microsoft Corp, Intel Corp and Softbank Group Corp's ARM Holdings chip unit to deepen its push into providing maps for self-driving cars.

Canada vows to 'respond appropriately' to any U.S. steel tariffs

OTTAWA (Reuters) - Canada will "respond appropriately" to any U.S. steel and aluminum tariffs, Foreign Minister Chrystia Freeland said on Wednesday, less than two days before the punitive measures are due to kick in.

Exxon CEO urges New York prosecutor to rethink climate change probe

DALLAS (Reuters) - Exxon Mobil Corp's chief executive said on Wednesday that he hopes the new attorney general in New York "comes to a different conclusion" than predecessor Eric Schneiderman on a climate change probe into the world's largest publicly traded oil producer.

Uber seeks to cut pricing on $1.13 billion term loan

NEW YORK (LPC) - Ride-hailing service Uber Technologies Inc is asking lenders to lower pricing on its $1.13 billion term loan due in 2023, sources said.

FX settlement provider CLS invests in blockchain consortium R3

NEW YORK, May 30 (Reuters) - Foreign exchange settlement provider CLS has invested $5 million in R3, the New York-based blockchain startup, CLS and R3 told Reuters on Wednesday.

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