Boosting the minimum wage may cost as many as 500,000 people their jobs, said a new report from Congress’s financial scorekeeper that diminishes chances for an agreement on one of President Barack Obama’s priorities.
Superior Energy Services Inc., the oilfield contractor whose market value has doubled in the past five years, is looking to increase its presence in Brazil, Saudi Arabia, Indonesia and Australia, places it sees as less risky international markets.
A dozen U.S. governors are pushing for states, not the federal government, to lead regulation of oil and gas drilling. They argue they know their territories best, even as environmentalists question whether they’re doing enough -- or doing the industry’s bidding.
West Texas Intermediate crude surged above $102, the highest level in four months, on speculation that inventories in Cushing, Oklahoma, decreased last week and as cold weather in the U.S. boosted fuel demand.
Carl Icahn, the shareholder activist who waged two proxy fights for board seats at Forest Laboratories Inc., stands to earn almost $1.7 billion in gross profits on his 11 percent stake in the drug company.
Billionaire retired investor Tom Steyer has pledged to spend at least $50 million of his fortune making climate change an election issue this year and is trying to entice other wealthy donors to put up another $50 million.