South African energy giant Sasol Ltd. said it was shelving an $11 billion factory on Louisiana’s Gulf Coast, turning one of the largest prospective foreign investments on U.S. soil into another casualty of falling oil prices.
S&P could strike a deal as early as Thursday to pay more than $1.37 billion to resolve crisis-era lawsuits with the Justice Department and more than a dozen states, according to people familiar with the situation.
Companies that rely on freelance labor describe their workers as micro-entrepreneurs. But lawsuits, protests and forums suggest that many flexible laborers feel less enthusiastic about the new work model.
The labor dispute that has magnified the snarls at U.S. West Coast ports may be on the brink of a settlement, but it will take months to end the widespread pain, freight disruptions, and losses caused by the cargo jam.
Car maker said it won’t pay a dividend on 2014 profit to preserve funds for its five-year plan, but added that it shipped 4.6 million vehicles last year and could ship as many as five million this year.