December 14, 2024 archive

Canoo furloughs more workers as stock plunges

  As EV maker Canoo saw stocks make dramatic drops in trading over the past week, the company also quietly revealed more worker furloughs. With a manufacturing plant in Oklahoma City where some workers were temporarily furloughed in November, the company, in a filing with the Securities Exchange Commission, indicated the latest were at its …

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Big fine for Exxon Mobil upheld by Appeals Court

  Exxon Mobil’s appeal of a more than $14 million fine for thousands of air quality violations at a Texas refinery and chemical plant complext was rejected by a federal appeals court in the past week. The appeal was over a 2021 ruling by a judge who imposed the $14.25 million fine over the energy …

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Crude rose 2% on Friday while OK energy stocks dropped

  The prospects of more sanctions against Russia and Iran sent crude oil lprices up more than 2% on Friday. The gains were in response to additional sanctions implemented in Europe as traders said it could lead to tighter supplies and maybe lower interest rates. West Texas Intermediate crude, the U.S. benchmark, finished up $1.27 …

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