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Exxon under pressure as ISS backs Engine No. 1 nominees in board fight

BOSTON (Reuters) - Influential proxy advisor Institutional Shareholder Services (ISS) on Friday threw its weight behind a small hedge fund's nominations for Exxon Mobil's board in a decision that could affect the outcome of a bitter corporate battle.

Exxon Activist Gets Major Boost as ISS Backs Three Nominees

An investor pushing for changes at Exxon Mobil Corp. got a boost from a prominent advisory firm, which urged shareholders to support some of the activist's board nominees. Institutional Shareholder Services Inc. weighed in Friday on the months-long fight ...

Brazil's Petrobras to keep flexible fuel price policy

Petroleo Brasileiro SA (PETR4.SA) will leave its fuel pricing policy unchanged, the company's new trading chief said on Friday, which in practice gives the company significant flexibility to avoid international market volatility when it sets prices. In 2020 ...

Mounting Inflation Fears Push US Consumer Sentiment Lower

"Consumer spending will still advance despite higher prices due to pent-up demand and record saving balances," Richard Curtin, director of the survey, said in the report. Still ...

Musk's bitcoin turnaround pleases some Tesla investors

Elon Musk's decision to stop accepting bitcoin as payment over environmental concerns has been well-received by some of Tesla Inc's (TSLA.O) investors, offering a warning to corporate peers mulling a dabble with the cryptocurrency. The Tesla boss' tweets, ...

Earnings reports and the Fed will test the market rally in the week ahead

CNBC

CNBC

Heading into next week, investors will see whether the market can continue its rally after tech and some growth names steadied and inflation fears subsided Thursday and Friday. Big retailers, like Walmart and Home Depot, release earnings in the week ...

Delta Air Lines says new employees must be vaccinated for the coronavirus

More than 1.7 million travelers moved through airport security checkpoints on May 13 — the most since the pandemic began. Image without a caption. Delta Air Lines jets are parked ...

Walmart drops mask requirements for vaccinated shoppers and employees

The retailers' decision comes a day after the U.S. Centers for Disease Control and Prevention said vaccinated Americans no longer need to wear masks in most situations. Workers unions blasted the policy change, saying it creates confusion and puts store ...

This Week In Credit Card News: This Card Earns 20% Off At Amazon; Card Debt Keeps Falling

Forbes

Forbes

Credit Card Debt Keeps Falling. · Cardholders Can Earn Up to $200 Back at Amazon, Plus Up to $150 Cash Back with the Amex Blue Cash Cards · U.S. Households Borrow More Than Ever, Just Not on Credit Cards.

Gas shortages persist as operations resume at downed pipeline

Gas shortages persisted throughout the Southeast on Friday as service stations awaited deliveries and drivers a return to normalcy after a cyberattack knocked out the region's main fuel artery and set off a frenzy of panic buying. A day after Colonial Pipeline ...