Marathon Oil Co., which is in deal to be bought by ConocoPhillips in $22.5 billion all-stock deal, has agreed to a settlement with the U.S. Government regulators and to pay $241.5 million in penalties over climate- and health-harming emissions in North Dakota. The settlement with the U.S. Environmental Protection Agency or EPA and Department of...
Fastenal Co. (FAST) announced Friday it has appointed Jeff Watts to the position of President, effective August 1, 2024. In addition to serving as President, Watts will continue in his role as the Company\'s Chief Sales Officer (CSO), a position he has held since May 2023. Watts will succeed Dan Florness, who will be voluntarily...
Lifecore Biomedical, Inc. (LFCR) announced Friday that on Monday it determined to implement a strategic reduction of the Company\'s workforce to terminate 46 full-time employees of the Company, representing approximately 9% of the Company\'s workforce, as part of an initiative to strategically optimize the Company\'s cost structure. In connection with the workforce reduction plan, the...
Consumer sentiment in the U.S. has unexpectedly deteriorated in the month of July, according to preliminary data released by the University of Michigan on Friday. The report said the consumer sentiment index fell to 66.0 in July from 68.2 in June. Economists had expected the index to inch up to 68.5. With the unexpected decrease,...
The U.S. dollar declined against its major counterparts in the New York session on Friday, despite data showing a higher-than-expected increase in producer prices in June. The Labor Department said its producer price index for final demand rose by 0.2 percent in June following a revised unchanged reading in May. Economists had expected producer prices...
European stocks closed on a positive note on Friday amid optimism about the outlook for Fed interest rates after soft U.S. consumer price inflation data, and slightly dovish comments from Fed Chair Jerome Powell during his congressional testimony earlier in the week. Optimism about quarterly earnings, and a couple of encouraging economic data from the...
The Thai stock market has moved higher in three straight sessions, advancing more than a dozen points or 0.9 percent along the way. The Stock Exchange of Thailand now rests just above the 1,330-point plateau and it\'s tipped to extend its gains again on Monday. The global forecast for the Asian markets is positive, with...
China\'s gross domestic product expanded 4.7 percent on year in the second quarter of 2024, the National Bureau of Statistics said on Monday. That was shy of expectations for an increase of 5.1 percent and down from 5.3 percent in the three months prior. On a seasonally adjusted quarterly basis, GDP rose 0.7 percent -...
Indian shares opened on a positive note Monday, mirroring firm cues from global markets on expectations of Fed rate cuts and a potential return of former president Donald Trump to the White House. The benchmark S&P/ BSE Sensex was up 195 points, or 0.2 percent, at 80,715 in early trade while the broader NSE Nifty...
Reversing the gains in the previous three sessions, the Japanese stock market is sharply lower in on Friday, following the mixed cues from Wall Street overnight. The benchmark Nikkei 225 is retracting from all-time highs to plunge 2 percent to below the 41,400 level, with weakness across most sectors led by index heavyweights, exporters and...