Claudio Descalzi’s nomination as chief executive officer of Eni SpA puts a life-long oil man in charge of Italy’s largest crude producer, demonstrating Prime Minister Matteo Renzi’s preference for technocrats over political appointees to run the country’s biggest companies.
Jeff Saut, chief investment strategist at Raymond James Associates Inc., says he sees smarter policy makers been elected in Washington over the next five years. Saut talks with Bloomberg’s Pimm Fox and Carol Massar on Bloomberg Radio’s "Taking Stock" on April 9th.
James River Coal Co., a mine operator in the U.S. Midwest and Appalachia, filed for bankruptcy for a second time, listing $818.7 million in debt, after declining prices caused it to idle a dozen mines.
Net oil imports to the U.S. could fall to zero by 2037 because of robust production in areas including North Dakota’s Bakken field and Texas’s Eagle Ford formation, according to a government projection released today.
Potash Corp. of Saskatchewan Inc. Chief Executive Officer Bill Doyle, who fended off BHP Billiton Ltd.’s hostile takeover bid for the Canadian fertilizer producer only to later lose a price war with a Russian rival, will step down after almost 15 years.
Treasury notes maturing in five years and less rose for the first time in three weeks as speculation cooled that the Federal Reserve may accelerate its unwind of monetary stimulus after a report showed U.S. employers added fewer jobs than forecast in March.
Harman International Industries Inc., the maker of Harman Kardon and JBL audio equipment, wants to become largely a software supplier to the auto industry, a move that would allow it to cut as much as half of its manufacturing workforce in the next five to ten years.