Oil Ticks Up as Hurricane Approaches Texas
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Oil prices advanced, recouping some losses that had been driven by concern that a hurricane moving toward the U.S. gulf coast could lead to excess inventories.
Emerging-Markets Activist Investor Creates Niche in Hunt for Big Gains
Self-described emerging-markets activist investor Teresa Barger seeks to persuade companies in the developing world that improving corporate governance and treatment of minority shareholders will boost their stock prices.
U.S. Seeks Approval of Peabody Energy's Pollution Settlement
The U.S. Department of Justice is seeking court approval of a settlement with Peabody Energy Corp., valued at more than $43 million, to resolve a pollution case involving lead and zinc mining done by another company.
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Texas Regulators Wary of Latest Deal for Utility Business Oncor
Sempra Energy's deal to purchase Oncor includes a commitment to pay off up to $3 billion in debt within seven years, a promise designed to calm jittery Texas regulators who must approve the takeover of a key piece of the state's power grid.
Comcast Enters Partnership With Solar-Power Provider Sunrun
Comcast agrees to market Sunrun's solar systems in exchange for potential fees and equity.
First Hurricane in Decade Arrives in Transformed Oil Landscape
While the energy sector previously would have fretted over a hurricane's threat to crude production, the worry these days is about the facilities that refine the oil instead of pump it, since the ability to tap U.S. shale formations has put more production at locations farther from the coast.
Seadrill, a Big Offshore Oil Player, to Seek Bankruptcy Protection
Offshore-drilling services major Seadrill said it will likely file for bankruptcy protection as part of a plan to restructure around $10 billion in debt.
OPEC Keeps Options Open, Including Extending Cuts
The oil cartel OPEC said all options remained open at its next meeting in November, including extending its effort to reduce the global petroleum glut by withholding supplies-a move that one member, Angola, now says it prefers.
Natural Gas Settles Higher On Inventory Data
Natural gas prices settled higher on Thursday as inventory data showed that stockpiles rose by less than average for this time of year.
Hurricane Harvey Threatens South Texas Coast
Hurricane Harvey was upgraded Thursday from a tropical storm by the National Weather Service, as it quickly gathered strength while moving across the Gulf of Mexico.
(END) Dow Jones Newswires
August 25, 2017 07:15 ET (11:15 GMT)