The U.S. process for approving natural gas exports may need revamping to ensure that the domestic economic implications of more overseas sales are fully considered, the chairman of the Senate’s energy panel said.
Should the board of JPMorgan Chase & Co. force Jamie Dimon, the bank’s chairman and chief executive officer, to give up one of his jobs? Governance watchdogs, shareholder advisory services and public pension funds say yes. Other large shareholders, some prominent academics and the bank say no. The company will reveal May 21 how many shareholders support a proposal to separate the jobs (though the vote is nonbinding).
Asian stocks rose the first time in three days, with a regional gauge set for the highest close since June 2008, after U.S. consumer sentiment beat estimates and Tokyo Electric Power Co. led Japanese utilities higher.
Japanese shares gained for a second day, with the Topix Index extending a 4 1/2-year high, as utilities climbed on optimism nuclear power plants may be restarted and Nippon Yusen KK and Osaka Gas Co. advanced on prospects for U.S. shale gas imports.
Enron Corp.’s 2001 collapse revealed the extent of its manipulation of spot gas prices. Twelve years later, European Union regulators may discover energy traders never learned the lessons of the scandal.
Cyber attacks on computers that run the nation’s energy grid, nuclear reactors and water-treatment plants are increasing with potentially lethal effects, the Department of Homeland Security’s top investigator said.