The chief executive of Sears is its largest shareholder and a major lender to the company. Now, he wants to be its savior, after the retailer tried – unsuccessfully – to find buyers for some of its more valuable brands.
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MOSCOW/LONDON (Reuters) – In December, as news reports emerged about potential new U.S. sanctions against Russia, aluminum magnate Oleg Deripaska instructed advisers to draw up contingency plans, according to people close to the businessman and his …
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Last week, oil prices hit their highest level since late 2014 on the back of continued global and U.S. stockpile drawdowns and expectations that oil demand growth will stay strong this year.
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(Repeats Monday's story with no changes to text). * Russia's Deripaska took steps to prepare for sanctions – sources. * Advisers floated different sanction scenarios – sources.
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In the U.S., crude stockpiles probably fell for a second week last week, losing 2.25 million barrels, according to a Bloomberg analyst survey ahead of government data on Wednesday. Inventories in the nation's oil-storage hub of Cushing, Oklahoma, may have dropped by 150,000 barrels in the period,
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