Exxon Mobil Corp. (NYSE:XOM) the world’s biggest energy company by market value, is currently weighing a sale of its German Esso gas station chain, claim individuals familiar with the situations. The unit, including over 1,100 German gas stations could fetch over 1B euro ($1.3B), two unidentified sources claimed. Currently, Exxon is in talks with several parties, tow or three could be from Russia or eastern Europe, say sources. There has been no final decision on a sale.
JPMorgan Chase & Co. (NYSE:JPM) has been ordered by a U.S. judge to explain why the court shouldn’t force the bank to turn over 25 internal emails which are demanded as part of an investigation concerning if it manipulated electricity markets located in California and the Midwest. Monday in Washington, The Federal Energy Regulatory Commission (FERC) filed a petition in Washington’s federal court requesting that the court order the bank to show why it refused to comply with a subpoena the commission issued as part of its bank’s power trading investigation.
General Electric (NYSE:GE) did not infringe upon a Mitsubishi Heavy Industries Ltd. patent over a manner in which to control the angle of wind-turbine blades which should reduce wear and tear, according to a federal judge. U.S. District Judge John Antoon’s decision diminishes any need for a trial scheduled to begin later in the month. According to Antoon, GE’s turbines blade angle is adjusted differently than that covered by Mitsubishi Heavy’s patent.
Proctor & Gamble’s (NYSE:PG) My Black is Beautiful (MBIB) announced today a new initiative created to make a positive impact on one million black girls’ lives within the next three years. Imagine a Future will work in collaboration with UNCF (United Negro College Fund) and Black Girls Rock! (BGR!), and it will document black beauty’s current state with a deep look at influences– people, fashion, music, education, pop culture — as well as offer tools and resources which should foster a better sense of self and confidence within the next generation’s young black girls.
Cisco Systems (NASDAQ:CSCO) “forced” its cloud service, “Cisco Connect Cloud,” on its LinkSys device users earlier in the week. The update was essential, meaning the customer either had to download it and install it, or be the owner of a non-functioning device. Now, Cisco has retracted a bit of the essential and annoying features involved with its cloud service, and it is no longer the default management tool. Now, the customers can opt out of the service and continue to use the company’s periodic firmware updates.
Don’t Miss: Can Investors Forgive Apple for This Fumble?
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.