Tuesday, 2 April 2019

AIG paid CEO Duperreault $20.9 million in 2018: filing

AIG paid CEO Duperreault $20.9 million in 2018: filing

American International Group Inc paid its chief executive officer, Brian Duperreault, about $20.9 million last year, a proxy filing showed on Tuesday.

Oil hits 2019 high as supply squeeze looms; Brent nears $70 per barrel

Oil prices on Tuesday hit their highest level so far in 2019, with Brent crude approaching $70 a barrel, on the prospect that more sanctions against Iran and further Venezuelan disruptions could deepen an OPEC-led supply cut.

Purdue's Sackler family fights 'inflammatory' Massachusetts opioid case

Members of the Sackler family behind OxyContin maker Purdue Pharma LP have asked a judge to toss a lawsuit by the Massachusetts attorney general that claims they helped fuel the U.S. opioid epidemic, arguing it contains "misleading and inflammatory allegations."

Citing climate differences, Shell walks away from U.S. refining lobby

Royal Dutch Shell Plc on Tuesday became the first major oil and gas company to announce plans to leave a leading U.S. refining lobby due to disagreement on climate policies.

Wall Street treads water after rally, Walgreens slumps on profit warning

The benchmark S&P 500 stock index paused on Tuesday, taking a breather from Monday's strong quarterly kickoff as a decline in shares of Walgreens Boots Alliance Inc weighed and economic data did little to ease growth concerns.

PG&E faces new probation terms aimed at cutting California wildfire risk

A U.S. judge on Tuesday imposed new criminal probation terms on PG&E Corp aimed at reducing the risk that the bankrupt power producer's equipment will spark more destructive wildfires in wooded areas of California.

Airbus CEO's exit package excessive: French minister

A retirement pot of almost 40 million euros ($44.78 million) for outgoing Airbus Chief Executive Officer Tom Enders is excessive and may harm the company's image, France's finance minister said in remarks published on Tuesday.

Stocks edge up to hit six-month peak, oil closes on $70 per barrel

World stock markets were little changed on Tuesday but still managed to touch a six-month high as investors took a breather following a three-day run of gains while the possibility of tightening supply kept oil prices on the rise .

Harley-Davidson workers in Wisconsin reject new labor contract

Harley-Davidson Inc's workers in Milwaukee and Tomahawk, Wisconsin, have rejected the motorcycle maker's proposal for a five-year contract, their union said on Tuesday, citing non-financial issues such as temporary workers and job security.

U.S. Senate panel reviewing whistleblower claims on aviation safety: panel chair

The U.S. Senate Commerce Committee is investigating claims by a number of whistleblowers that aviation safety inspectors, including some who worked to evaluate the now-grounded Boeing 737 MAX, were not properly trained or certified, the committee chairman said on Tuesday.

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