Shares were mixed in narrow trading Thursday, with European benchmarks falling back after recent gains.Read More »
U.S. telecom behemoth AT&T Inc.’s T DirecTV deceptive advertising lawsuit filed by the Federal Trade Commission (FTC) in Mar 2015, is currently on trial in the federal court. The trial became functional from this Monday with opening arguments in U.S. District Court in Oakland, CA, and is scheduled to last 20 days. FTC lawyer Jacob A. Snow clearly pointed out that 33 consumers were deceived by the company during the span of 2007-2015. As a result of sign-ups and deceptive practices, DirecTV is estimated to have made $3.95 billion.
Oil prices remain in a game of tug of war as conflicting news sends both the bears and the bulls to the sidelines. • BP (NYSE: BP) has started up natural gas production at its Juniper project in offshore Trinidad & Tobago. • Chevron (NYSE: CVX) says it is going to recommit to the North Sea, restarting a bidding process for the Rosebank field, while also investing in extending the life of existing assets.
(An Etihad Airbus A380.Etihad) Etihad Aviation Group holds equity stakes in seven airlines. Two of them, Air Berlin and Alitalia, are now bankrupt. The CEO behind the strategy has left Etihad. But some investments have paid off. Etihad's grand plan