Year: 2019

(Bloomberg) — California halted approvals of new oil wells that use high-pressure steam extraction techniques following recent leaks at a Chevron Corp. facility in Kern County.Regulators will consult with experts to determine whether the process can be done safely during the moratorium, the state’s Department of Conservation said in a statement Tuesday. California also said it will have an independent audit of its permitting process for hydraulic fracturing and other methods of stimulating crude flows.Shares of California Resources Corp. tumbled as much as 32% on the news while Berry Petroleum Corp., which operates in the state as well, slumped 18%.“These …read more […]

GMO plays on takeovers, adds more iShares and Alibaba Continue reading… …read more […]

The NTSB is calling on Boeing to redesign thousands of popular 737 planes to better protect against engine failures, according to CNBC. Yahoo Finance’s Emily McCormick joins Alexis Christoforous on The Ticker to discuss. …read more […]

The U.S. housing finance regulator on Tuesday said it planned to re-issue new capital rules for mortgage giants Fannie Mae and Freddie Mac next year, in a development that is likely to slow the pair’s removal from government control. The Federal Housing Finance Agency (FHFA) said it would again propose the rule first unveiled in July 2018 in light of the administration’s decision to begin rebuilding the mortgage giants’ capital bases as part of a broader plan to ultimately remove them from government conservatorship. “In fairness to all interested parties, the comments submitted during the previous rulemaking were …read more […]

Investors should know what their money earns. Cash that remains in your brokerage account after buying and selling stocks, exchange-traded funds or mutual funds is typically moved into a sweep account. Recent price wars that eliminated fees also increased the varied interest rates in these accounts. …read more […]

The National Transportation Safety Board called on Boeing to redesign thousands of 737s after fatal accident in 2018. Yahoo Finance’s Adam Shapiro shares the latest. …read more […]

Billionaire investor’s top buy is casino resort operator MGM Continue reading… …read more […]

ServiceSource International, Inc. (NASDAQ:SREV) shareholders will doubtless be very grateful to see the share price up… …read more […]

Encana Corp shareholder Letko, Brosseau & Associates Inc said on Tuesday it will vote against the oil and gas company’s proposed exit from Canada to the United States. The investment firm, which owns a nearly 4% stake in Encana, said the move will cause significant losses for Canadian investors. Encana was not immediately available for a comment. …read more […]