An international arbitration court ruled last July that Russia must pay $50 billion for expropriating the assets of Yukos, which was once Russia's biggest oil producer and was run by Mikhail Khodorkovsky, a businessman who used to be Russia's richest man but fell out with the Kremlin. The GML group of former shareholders who made the claim said then it would be...» Read More
The State Department said in a statement its role had ended because "a voluntary mediation process could not be established since Nissan was not willing to participate," with the State Department's National Contact Point, which works to further the Organization for Economic Co-operation and Development's guidelines in the United States.
Feb 2- Exxon Mobil Corp said on Monday its quarterly profit fell 21 percent as weak oil prices took a toll, but results topped Wall Street expectations due to tax benefits and a favorable arbitration ruling. Profit in the fourth quarter fell to $6.57 billion, or $1.56 per share, from $8.35 billion, or $1.91 per share in the same quarter a year earlier.
HOUSTON, Jan 16- Harvest Natural Resources Inc, a Texas based oil and gas company, said on Friday it has filed an arbitration request against Venezuela before a World Bank tribunal to protect the value of its investment in the South American country. "Having exhausted all alternatives to protect Harvest's shareholders, we are now regrettably forced to exercise...
Jan 13- About 60 percent of Delta Air Lines flight attendants have demanded a vote on whether they should unionize, the first step toward an election supervised by a federal agency. On Tuesday cards that called for a vote, signed by nearly 12,000 of Delta's 20,000 flight attendants, were filed with the National Mediation Board, the International Association of...
Shipping lines and terminal operators at 29 U.S. West Coast ports requested federal mediation on Monday in their contract talks with the union for 20,000 dockworkers.
As investors rely increasingly on Finra’s database to vet Wall Street professionals, some brokers and executives are trying to remove complaints.