An effort to shelve the 40-year-old ban on exporting oil from the U.S. is gaining steam as lawmakers in the House prepare to vote on the issue Friday.
Wall Street was little changed in choppy trading on Friday as investor optimism due to fading chances of an interest rate hike this year was offset by a fall in energy and financial stocks.
WASHINGTON Oct 9 A U.S. House of Representatives petition to revive the U.S. Export-Import Bank drew 218 signatures on Friday, enough to force a vote on the issue as early as Oct. 26.
Wal-Mart Stores Inc. WMT -0.36 % shuffled its management ranks on Friday, appointing a new chief financial officer and a top merchant as the world's largest retailer looks to revive weak sales growth.
Kulczyk Investments, the fourth largest shareholder in SABMiller says that while it believes a merger with Anheuser-Busch InBev would "have strategic merit", AB InBev's proposal does not reflect SABM's standalone growth potential.