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New York Attorney General Alleges Exxon Misled Investors on Climate

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New York's attorney general alleged in court papers Friday that Exxon Mobil may have misled investors about how it accounts for the impact of climate change on its operations by using internal estimates that differed from its public statements.

Goldman's Venezuela Bond Trade Wasn't Reviewed by Top Executives

Goldman Sachs's purchase of deeply discounted Venezuelan bonds wasn't reviewed by top executives, and the subsequent uproar over that trade caught the firm's officials off guard.

Icahn's Automotive Business to Buy Car-Service Chain

Carl Icahn agreed to buy another car-services chain, expanding the reach of his automotive service network as consumers increasingly turn to professionals to repair their cars.

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With U.S. Firms Freed of Paris Accord, Rivals Fear Uneven Field

For European corporate chiefs, the big question regarding the U.S. pullout from the Paris climate accord is will it give American rivals a competitive advantage.

Citigroup Adds Quant Trader Thomas Chippas to Boost Equities Business

Citigroup has tapped a quantitative trading veteran to help the bank vault into that hot category, as part of a broader build-up of its equities unit.

Mortgage Trustees Accept Lehman's $2.4 Billion Bankruptcy Offer

Lehman Brothers Holdings Inc. has won more support for a proposal to pay at least $1 billion to investors holding soured mortgage debt, deepening a divide with hedge funds opposing the bankruptcy deal.

Citadel Securities Hires Barclays's Electronic Equities Chief

Barclays PLC. 's head of electronic equities trading is leaving to take one of the top jobs at electronic market-making firm Citadel Securities. Joseph Mecane will be Citadel's head of execution services.

Oil Company Chiefs See Little Impact From U.S. Quitting Paris Accord

Top officials and executives from major oil-producing countries and leading companies said that U.S. President Donald Trump's decision to pull out of the Paris climate accord was unlikely to have a major effect on efforts to reduce carbon emissions.

KKR Closes $9.3 Billion Asia Private-Equity Fund

KKR & Co. closed a $9.3 billion fund dedicated to private-equity investments across Asia Pacific, the largest such fund in the region, the U.S. private-equity giant said Friday.

Anbang, After a Whirlwind of Western Deals, Has Been Benched by China

The insurer was part of a global advance by Chinese companies that seemed unstoppable a year ago. Now, the country's clampdown on risk has forced the firm to behave like an ordinary insurer.

(END) Dow Jones Newswires

June 02, 2017 13:15 ET (17:15 GMT)