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Exec. Dir. of Greenpeace: Jamie Dimon ‘doesn't understand the risk’ of climate change

Greenpeace is calling out one of the biggest names in banking, JPMorgan Chase CEO Jamie Dimon, saying he “doesn’t understand the risk” of climate change. Yahoo Finance’s Julia La Roche and Brian Sozzi talk to Greenpeace International Executive Director Jennifer Morgan from the World Economic Forum in Davos, Switzerland. …read more […]

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McDermott Will Seek Bankruptcy, Enters Pact to Sell Lummus Unit

(Bloomberg) — McDermott International Inc. will file for bankruptcy after the engineering and construction company reached an agreement with creditors to tackle debt acquired through a botched acquisition.The Houston-based company said that it has the support of two-thirds of the holders of its funded debt in a pact that will eliminate more than $4.6 billion of debt by swapping it for equity, according to a statement. McDermott also agreed to sell its Lummus Technology unit for at least $2.725 billion to a joint partnership between the Chatterjee Group and Rhône Group, it said. The company plans to file for Chapter …read more […]

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US STOCKS-Futures lower as China virus outbreak, growth fears sour mood

U.S. stock index futures followed Asian and European markets lower on Tuesday as worries about the fallout from a deadly virus outbreak in China and a gloomy growth outlook from the IMF looked set to stall a record rally on Wall Street. Travel stocks including Delta Air Lines Inc, United Airlines Holdings Inc and American Airlines Group Inc fell over 2% in premarket trading. Hotel and casino operators Las Vegas Sands Corp and Wynn Resorts Ltd, both of which have large operations in China, dropped about 5%. …read more […]