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Companies that not only tend to beat the market, but pay you as they do.
Johnson & Johnson
Exxon Mobil Corporation
The Coca-Cola Company
The Sherwin-Williams Company
Emerson Electric Co.
McCormick & Company, Incorporated
Exxon Mobil did not mislead investors on the true cost of addressing climate change. That’s according to a New York judge, who ruled on Tuesday that state attorney general Letitia James failed to produce any evidence that suggested otherwise. James had argued that Exxon - one of the two largest U.S. oil companies - falsely stated that it had properly evaluated the impact of future climate regulations on its business, causing investors to lose $1.6 billion. In dismissing the case, Judge Barry Ostrager wrote: "Nothing in this opinion is intended to absolve Exxon Mobil from responsibility for contributing to climate change through the emission of greenhouse gases…" But he added that it was a securities case, not a climate change case. The lawsuit - filed in October 2018 - was the first of several climate change lawsuits against major oil companies to go to trial, which saw testimony from former Exxon CEO - and former Secretary of State - Rex Tillerson, who denied the allegations against the company.
The National Labor Relations Board said the settlement, which will bring an end to a sprawling case first brought in 2012, was fair and would provide "a full remedy" to workers who claimed they were disciplined or fired for advocating for better working conditions. The settlement allows McDonald’s to avoid being held liable when franchisees violate federal labour law. The workers who brought the case, along with union-backed organizing group Fight for $15, claimed McDonald's disciplined or fired them for participating in nationwide strikes and protests calling for higher wages.
The National Labor Relations Board has ruled in McDonald's favor in a long-running case filed by 20 workers who were fired or faced retaliation for trying to unionize. The board said Thursday that it favors a settlement that will require McDonald's franchisees to pay $171,636 to the affected workers. The workers were seeking a ruling that would consider McDonald's a “joint employer” with its franchisees.
Reportedly, ExxonMobil (XOM) plans for shipment of two cargoes, each with a capacity to carry 1 million barrels of oil from deepwater Liza field in January.
EIA's Weekly Petroleum Status Report revealed that crude inventories rose by 822,000 barrels, compared to the 1.8 million barrels decrease that energy analysts had expected.
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Exxon Mobil Corp won a major victory in a closely-watched lawsuit on Tuesday when a judge ruled that the company did not defraud investors out of up to $1.6 billion (£1.25 billion) by hiding the true cost of climate change regulation. The ruling by Justice Barry Ostrager in Manhattan Supreme Court followed a trial featuring testimony from investors, experts and former Exxon Chief Executive Officer Rex Tillerson. The judge found that the New York State Attorney General's case failed to produce evidence that investors were misled.
Target is Yahoo Finance's 2019 Company of the Year. Target COO John Mulligan explains some of the big changes he has made to Target's business this year.
In its detailed checks on the tests, which are the first to be made public, the Swiss investment bank said the numbers implied the world's biggest fast-food chain could eventually sell more than 250 million P.L.T. burgers annually if it rolled out the product across its nearly 14,000 U.S. outlets.
Beyond Meat could see revenue hit $1 billion if it focuses in its foodservice partnerships, according to UBS analyst Steven Strycula.
Exxon Mobil won Tuesday in a closely watched lawsuit over the costs of climate change, with a judge saying there was no proof the energy giant duped investors about the toll that regulations could take on its business. New York Attorney General Letitia James' office didn't prove the company made any material misstatements "that misled any reasonable investor,” state judge Barry Ostrager in Manhattan wrote in dismissing the case. “Nothing in this opinion is intended to absolve Exxon Mobil from responsibility for contributing to climate change through the emission of greenhouse gases,” he added.
For left-leaning economists such as David Harvey, the term “neoliberalism” perfectly sums up the mix of laissez-faire economics, centrist politics and market supremacy that has held sway in the west for 40 years. While in 2016, the IMF said neoliberalism could be of enormous benefit where it conferred “financial openness”, but acknowledged some of its elements were overplayed and potential causes of instability. It never appeared in the FT’s old Lexicon and other commentators, including our very own Martin Wolf, continue to doubt its usefulness.
, the one-time Communist party apparatchik who as mayor of Moscow ruled the city with an iron first for two decades, has died at the age of 83. Luzhkov, who came close to leading Russia instead of Vladimir Putin, died on Tuesday at a Munich clinic from complications after a heart operation, Russian media reported. As mayor of Moscow from 1992-2010, Luzhkov presided over the transformation of the Russian capital, turning it from a dour Soviet city into a modern metropolis.
with New York state over the oil company’s disclosures regarding its vulnerability to climate change, in a ruling that could damage similar legal challenges filed by other states. In a rebuke of New York’s case, state supreme court judge Barry Ostrager said on Tuesday that the attorney-general’s office failed to prove that ExxonMobil “made any material misstatements or omissions about its practices and procedures that misled any reasonable investor”. centred on Exxon’s use of a proxy cost of carbon, which was presented by the company as a way to incorporate expected future curbs on emissions into its business planning.