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Investors Optimistic About Oil-Company Stocks After Earnings
Exxon Mobil Corp. reported its worst quarterly results since 1999 on Friday, the latest in a parade of woeful earnings from oil and gas producers world-wide for the first three months of 2016 as a global supply glut dragged down prices and ate into ...
Refining's silver lining loses luster at Exxon and Chevron  Reuters
Exxon Puts a Tiger in Your (Chemical) Tank as Oil Profits Fall  Bloomberg
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Valeant files overdue financial report, ending debt default, but its troubles ...
Valeant Pharmaceuticals International Inc. resolved its default on some of its $30 billion in debt by filing its long-overdue U.S.
Valeant Pharmaceuticals Files Annual Report On Form 10-K For Year Ended ...  PR Newswire (press release)
Valeant CEO Michael Pearson Had Chance at $2.66 Billion Payday  Bloomberg
Atlantic City teeters on the brink of default
Atlantic City, the once-celebrated gambling mecca on the Jersey Shore, is dangerously close to defaulting on its next bond payment.
Casinos call for vote on Atlantic City aid, takeover bills  Las Vegas Review-Journal
AC Casinos: Take Action To Save Atlantic City From Financial Abyss Now  CBS Local
IRS Data Show Tax Gap Has Reached $458 Billion
The difference between taxes owed and taxes paid on time - known as the tax gap - increased to an estimated $458 billion during the period from 2008 to 2010, according to a report the IRS released on April 28.
IRS Admits Tax Code Is Too Complex To Enforce  Daily Signal
Tax Cheats Stick Honest Taxpayers with a $406 Billion Annual Tax Bill  Tax Justice Blog (blog)
PayPal says its Venmo payment service is being investigated by FTC for unfair ...
PayPal Holdings Inc. said U.S. regulators are investigating the company's Venmo free peer-to-peer payment service in connection with potential unfair trade practices.
Faruqi & Faruqi, LLP is Investigating PayPal Holdings, Inc. (PYPL) on ...  PR Newswire (press release)
PayPal probed over Venmo cash-flinging app  The Register
US Inflation Reading Advanced Only Modestly in March
WASHINGTON-—Inflation remained modest in March, a sign that pricing pressures are in check amid slow growth in the U.S. and overseas, and low oil prices.
Tame US inflation bolsters Fed caution on rate hikes  Reuters
Consumer spending growth slows despite jump in income  Los Angeles Times
Starbucks Opens First Store in Ferguson in Low-Income Community Outreach ...
Starbucks opened its first store today in Ferguson, Missouri, as part of a national outreach program to provide jobs to locals, create opportunities for the youth and revitalize the community in low to medium-income "diverse" communities.
Starbucks opens in Ferguson, as company eyes bolstering urban footprint  USA TODAY
Starbucks Opens Ferguson Location, Begins Plan to Open Stores in Lower ...  KTIC
How Amazon convinced you to pay up for shopping
NEW YORK -- Amazon (AMZN) is clearly entering its Prime. Meaning, of course, its $100 annual membership program, now a decade old, which has accomplished the remarkable feat of convincing millions of people to pay an annual fee for the privilege of, ...
Amazon stock nears all-time high after record earnings; tech giant valued at ...  GeekWire
Amazon Gets a Standing Ovation for its First-Quarter Performance  TheStreet.com
Chevron takes big loss in Q1
US supermajor Chevron has taken a big fall in Q1 2016, reporting a loss of US$725 million, compared to earnings of $2.6 billion year-on-year.
Chevron posts a wider-than-expected loss  FuelFix (blog)
Chevron Corporation (CVX) Reports $725 Million Loss in 1QFY16  Daily Caller
For Eurozone Economy, It's Back to the Future
Protesters demonstrated against unemployment in front of the Greek Parliament in Athens this month. Credit Alkis Konstantinidis/Reuters.
What Slump? How Eurozone Growth is Bucking the Global Trend  Wall Street Journal
Eurozone Economic Recovery Gathers Pace -- 5th Update  Nasdaq