As crude prices slide toward $25 a barrel, many oil companies have little choice but to start making the steep cost cuts they have avoided up until now, jettisoning every well that can’t break even or isn’t needed to keep the lights on.
A growing number of corporate leaders and economists see mounting risk of the U.S. tipping into a recession, a nod to headwinds posed by the global growth slowdown and early-year convulsions in financial markets.
A rising star of the farm-to-table restaurant world is facing off against an industry titan in a trademark dispute over a simple name: The Kitchen. The spat pits Kimbal Musk, younger brother of entrepreneur Elon Musk, against restaurateur Wolfgang Puck.
Publicly traded finance companies are coming under scrutiny for how they value obscure assets tied to business loans, at a time when market turbulence is motivating some firms to mark down securities faster than others.