BMW Targets 8,000 Job Cuts With New Voluntary Severance Package

A senior US arms control official on Wednesday refused to comment when asked during a congressional hearing if Israel has nuclear weapons, maintaining the US government’s ambiguity over Israel’s undeclared nuclear arsenal. “I can’t comment on that specific question. I’d have to refer you to the Israelis on that,” Thomas DiNanno, the US undersecretary of […]

IEA Delivers No SPR Action After Extraordinary Meeting As Crude Jawboning Mania Enters Day Two Update (1514ET):  For a second straight day, G-7 leaders attempted to push crude prices lower with headlines about an "emergency meeting" to discuss a possible Strategic Petroleum Reserve (SPR) release aimed at containing Brent and WTI crude prices. However, by late afternoon in New York, the Financial Times reported that the International Energy Agency (IEA) had concluded the meeting without reaching a decision on a coordinated release of crude stockpiles. Today's slide in Brent and WTI was...