Exxon Mobil Corp. warned that low energy prices may wipe as much as one-fifth of its oil and natural gas reserves off the books.
The elixir of record-low interest rates has helped revive the U.S. markets for housing and autos -- standouts in an economy in desperate need of traction.
Boeing Co. rose the most in a month after Chief Financial Officer Greg Smith said he didn’t intend to tap the debt market for additional liquidity again, as the planemaker maps out a path through an unprecedented collapse of air travel.
The manager of a bankrupt Michigan dam company is blaming actions by regulators and residents for contributing to his dam’s collapse, which left entire communities flooded.
The heaviest one-day rain during August in 47 years in Mumbai, home to India’s financial markets and the central bank, inundated large parts of the mega city and disrupted businesses, with more showers likely before some relief from Thursday.
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