business
Opinion | Trump’s Venezuela Oil Play
The regime may be using oil to buy Trump’s support to stay in power. Source link
ExxonMobil Forecasting Lower Fourth-Quarter Earnings on Falling Oil, Gas Prices
The company said declining prices for liquids, which accounts for both crude and condensate oil, would lower its upstream earnings by $800 million to $1.2 billion compared to the third quarter. Source link
Toll Brothers Promotes Mistry to CEO
Executive Vice President Karl Mistry will become the homebuilder’s new chief executive, taking over from Douglas Yearley who will become executive chairman of the board, effective March 30. Source link
Buffett’s Berkshire Successor Set to Earn One of Top Salaries for an S&P 500 CEO
Greg Abel’s $25 million salary is well above the median in total pay for big-company chiefs, though dozens of top CEOs earn more with stock and options awards. Source link
Pittsburgh Post-Gazette Will Shut Down in May
The news outlet, run by Block Communications for nearly a century, has been in a prolonged fight with its unionized employees. Source link
U.S. Customs Ditches Paper Checks as Importers Await Tariff Refund Decision
The government is speeding up its tariff-refund process as importers await a landmark Supreme Court decision on the Trump administration’s levies. Source link
Constellation Sales Fall as Hispanic Consumers Continue Pulling Away
Constellation reported lower third-quarter sales as beer sales lag amid weak consumer sentiment and a pullback in spending from Hispanic drinkers due to the Trump administration’s immigration crackdown. Source link
Jay Stein, Who Turned Universal’s Studio Tour Into a Theme-Park Empire, Dies at 88
With leftover props and a relentless and uncompromising drive, he created a theme-park business strong enough to challenge Disney. Source link
AbbVie Near Deal for Revolution Medicines
The cancer-drug biotech firm has a market value around $16 billion. Source link
Saks Stylist Accused of Returns Fraud Sues Luxury Retailer for Retaliation
Lawsuit alleges Saks launched ‘a vindictive and unlawful scheme’ to destroy Suhail Kwatra’s reputation after he got a rival job offer. Source link