- U.S.Associated Press•20 hours ago
Jan Brown pores over his royalty statement and wonders where all the money went. A few months ago, the nation's second-largest natural gas producer siphoned $2,201 worth of gas from his 240-acre property — but paid him only $359 after taking deductions for transportation and processing. Brown, 59, who relies on the royalties as his sole source of income, says the deductions are outrageous and claims his lease forbids them.
- BusinessBloomberg•11 hours ago
The Philippine peso sank to a seven-year low and stocks declined as investors pulled money from the nation’s assets amid concerns about President Rodrigo Duterte’s policies. Global funds sold Philippine stocks for a 23rd straight day amid nervousness about the fallout from Duterte’s anti-drug war and his outbursts against the U.S. and the United Nations. The peso led a drop in emerging-market currencies ahead of the U.S. presidential debate and a meeting of oil producers this week. The peso’s decline is “mainly due to politics, with the Philippine president’s ongoing war on drug dealers and his intent to seem to alienate all of their major trading partners,” said Jeffrey Halley, a market strategist at Oanda Asia Pacific Pte in Singapore.
- financeBloomberg•3 hours ago
Pfizer Inc. decided not to pursue what would have been among the largest breakups in corporate history, after four years of what the largest U.S. drugmaker called an “extensive evaluation.”