Tag: Fossil Fuels
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Biogen to slash 1,000 jobs as it looks to save $700 million
[ad_1] Biogen Inc. BIIB, -3.58% said Tuesday that it will eliminate about 1,000 jobs as part of a broader cost-cutting initiative designed to save $700 million annually. The belt-tightening comes as the biotech company launches its Alzheimer’s treatment, Leqembi, a collaboration with Eisai Co. Ltd. ESALF, -2.36% that received full U.S. Food and Drug Administration…
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The 2023 Honda Civic: sophisticated style, tasteful interior and plenty of performance options, plus the ferocious type R is back
[ad_1] The Honda Civic is our highest-rated compact car of 2023 and a Kelley Blue Book Best Buy Award winner. Pricing starts at $23,750. The 2023 Honda Civic is a well-rounded compact car that does just about everything right. It looks good, drives well, and has a proven track record of exceptional reliability and resale value. For…
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Chevron’s Q2 adjusted profit beats estimates on record Permian production; new CFO announced
[ad_1] Chevron Corp. released a second-quarter performance update that was better than expected on Sunday, ahead of the oil major’s earnings announcement this week. Adjusted profit of $3.08 a share beat the consensus of $2.97 a share as tracked by FactSet. That is down about 47% from the second quarter last year and down from…
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Oil prices score a 4th straight weekly gain
[ad_1] Oil futures rose Friday, with U.S. and global crude benchmarks scoring a fourth straight weekly rise on expectations the second half of 2023 will see a tightening of supplies in the crude market. Price action West Texas Intermediate crude for September delivery CL00, +1.73% CL.1, +1.73% CLU23, +1.73% rose $1.42, or 1.9%, to settle…
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The 2024 Kia Seltos review: A great SUV gets even better
[ad_1] The 2024 Kia Seltos is a repeat winner of KBB’s Best Buy Award in its class for its roomy interior, modern technology, and excellent warranty. Pricing starts at $24,390. The Kia Seltos was already a class leader in subcompact SUVs, and it gets even better with a 2024 update that includes visual refinements, more technology, and extra…
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Oil edges higher after back-to-back declines
[ad_1] Oil futures rose Tuesday after posting back-to-session declines, with prices finding support from expectations that U.S. and global crude supplies will tighten. Traders also awaited official U.S. data on weekly petroleum supplies set for release on Wednesday. Price action West Texas Intermediate crude for August delivery CL.1, +1.75% CL00, +1.70% CLQ23, +1.75% rose $1.05,…
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WeWork, Carl’s Jr., Unilever and Shell slammed by Yale over operations in Russia
[ad_1] WeWork Inc., Carl’s Jr., Unilever PLC and Shell PLC are among around 400 Western companies slammed by the Yale School of Management over their continuing presence in Russia, despite a major retreat from the country by more than 1,000 multinationals. A slew of major Western corporations such as U.S. giants Apple Inc. AAPL, +0.08%,…
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Oil prices edge up to highest since April, bolstered by weaker U.S. dollar, production cuts
[ad_1] Oil prices rose slightly to reach their highest levels since April on Thursday as declining inventories and production cuts helped boost prices amid the annual summer surge in demand. Price action West Texas Intermediate crude for August delivery CLQ24, +0.39% CL00, -0.25% gained 13 cents, or 0.2%, to $75.89 per barrel on the New…
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Oil prices retreat after best week in 3 months
[ad_1] Oil futures inched lower on Monday after recording their largest weekly gain in three months on Friday, as traders await key supply data due out later this week. Price action West Texas Intermediate crude for August delivery CL00, +0.31% CLQ24, -0.06% shed 13 cents, or 0.2%, to trade at $73.73 a barrel on the…
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Oil prices rise on reports Saudi Arabia has said it’ll do ‘whatever necessary’ to support oil
[ad_1] Oil futures headed sharply higher on Wednesday, finding support after Saudi Arabia’s energy minister reportedly said that the kingdom will do whatever is necessary to support the oil market. The comments from Saudi Energy Minister Prince Abdulaziz at an OPEC+ seminar was reported by a number of news agencies and follows the Saudi’s announcement…