Global energy trader Vitol faces a possible fine of $6 million from a U.S. energy regulator for alleged manipulation in California's power market, an order from the regulator showed.
Britain's Reckitt Benckiser has agreed to pay up to $1.4 billion to resolve all U.S. federal investigations into the sales and marketing of an opioid addiction treatment by its former prescription pharmaceuticals business Indivior .
Oil futures hit a six-week high on Thursday as oil rigs in the Gulf of Mexico were evacuated ahead of a storm, while an incident with a British tanker in the Middle East highlighted ongoing tensions in the region.
A storm system in the Gulf of Mexico could develop into a tropical depression later on Thursday, likely bringing hurricane conditions across the north-central gulf coast over the next couple of days, the U.S. National Hurricane Center (NHC) said.
Britain's Reckitt Benckiser will pay up to $1.4 billion to resolve all U.S. federal investigations into the sales and marketing of an opioid addiction treatment by its former prescription pharmaceuticals business Indivior .
As trade talks resume between China and the United States, President Donald Trump's advisers are confident he can portray his stance against Beijing as a strength in the 2020 election, despite making concessions and having no deal in sight.
Oil futures hit a six-week high on Thursday as a storm built in the Gulf of Mexico, threatening crude output, while an incident with a British tanker in the Middle East highlighted ongoing tensions in the region.
Reckitt Benckiser has agreed to pay up to $1.4 billion to end U.S. federal investigations into the marketing of an opioid addiction treatment by its former business Indivior, lifting a cloud that has been hanging over the British company for years.
The U.S. Justice Department is investigating whether Deutsche Bank AG violated foreign corruption or anti-money-laundering laws in its work for state fund 1Malaysia Development Berhad (1MDB), the Wall Street Journal said on Wednesday.
Shares of Snapchat parent company Snap rose in premarket trading on Thursday after Bank of America said a recent spike in app downloads will drive better revenue.
Delta Air Lines Inc reported a 39.3% rise in quarterly profit on Thursday, as the second-largest U.S. carrier benefited from higher fares and flying fuller planes.
U.S. stock futures advanced on Thursday, a day after Wall Street's main indexes touched new highs after dovish comments from Federal Reserve chairman Jerome Powell cemented the case for an interest rate cut this month.
Delta Air Lines Inc sees the momentum behind 6.5% quarterly revenue growth continuing throughout the year, Chief Executive Ed Bastian said, citing strong domestic demand that led the No. 2 U.S. carrier to lift its full-year profit forecast.
Fiat Chrysler plans to invest 700 million euros ($788 million) in an electric makeover of its iconic Fiat 500, a top executive said on Thursday, as the automaker seeks to move on from its failed bid to merge with France's Renault .
U.S. stock index futures pared gains on Thursday after U.S. underlying consumer prices increased by the most in nearly 1-1/2 years in June, dimming hopes for an aggressive interest cut by the Federal Reserve this month.