The US Supreme Court declined to question the $8 billion annual subsidy that helps cover the cost of telecom services for poor people and residents of rural areas, turning away two appeals that sought to rein in federal regulatory power.
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CIBC reports second-quarter profit of $1.75 billion, up from $1.69 billion a year agoTORONTO — CIBC reported a second-quarter profit of $1.75 billion, up from $1.69 billion in the same quarter last year. The bank said Thursday the profit amounted to $1.79 per diluted share for the quarter ended April 30, up from $1.
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ConocoPhillips buying Marathon Oil for $17.1 billion in all-stock deal, plus $5.4 billion in debtNEW YORK (AP) — ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately $17.1 billion.
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