Innovative Brushed Gun Metal Cufflinks - New Release
Innovative Brushed Gun Metal Cufflinks, Material: Plated Base Metal, Designer: Rudolph Alexander, Dimensions: 7/8" x 1/2", Ships Within One Business Day,
HOUSTON (Reuters) - New York’s attorney general sued Exxon Mobil Corp (XOM.N) on Wednesday, alleging that the world’s largest oil company for years misled investors about the risks of climate change regulations on its business. The suit, filed in New York Supreme Court, New York County, seeks undisclosed damages, a court order for a review of the company’s representations, and that the company corrects “numerous misrepresentations” to investors. It alleges Exxon assured investors it had properly evaluated the impact of climate regulations on its business using a “proxy cost” for the likely effects of future events on its business. However, these proxy figures frequently were not used in its internal planning or cost assumptions, the suit claims.
The company also failed to properly account for such costs in determining its volume of oil and gas reserves, or whether to write down the value of its assets, a metric important to investors, the suit claims, “The company claimed to be factoring the risk of increasing climate change regulation into its business decisions,” Attorney General Barbara Underwood said in a statement, “Yet as our investigation found, Exxon often did no such thing.”, Exxon “looks forward to refuting these claims as soon as possible and getting this meritless civil lawsuit innovative brushed gun metal cufflinks dismissed,” said spokesman Scott Silvestri in a statement..
He further described the suit as the “product of closed-door lobbying by special interests, political opportunism and the attorney general’s inability to admit that a three-year investigation has uncovered no wrongdoing.”. The suit was brought under the Martin Act, a civil statute that has been used by New York prosecutors to pursue fraud claims against investment and other financial companies. “In bringing this case, the state is yet again using the Martin Act as a political weapon,” said Lisa Rickard, president of the U.S. Chamber Institute for Legal Reform, calling the case “nothing more than a contortion of the securities litigation system.”.
Exxon unsuccessfully fought to halt the New York investigation and a similar probe by the state of Massachusetts that claims Exxon misled consumers with its statements on climate change, “This is a very significant lawsuit,” said Ken Kimmell, president of the Union of Concerned Scientists, “The New York state attorney general has innovative brushed gun metal cufflinks gotten a lot of documents and we should assume they filed the suit based on the information received during that process.”, Exxon and other oil companies including BP Plc (BP.L), Chevron Corp (CVX.N) and Royal Dutch Shell (RDSa.AS) face lawsuits by cities and counties across the United States seeking funds to pay for seawalls and other infrastructure to guard against rising sea levels brought on by climate change..
DEARBORN, Mich. (Reuters) - Ford Motor Co (F.N) on Wednesday reported slightly higher than expected third-quarter profit and stuck to its targets for the year, raising investor hopes for a strong fourth quarter and sending its shares up as much as 7 percent after-hours. Profit was down as high commodity costs and a China sales slump partially offset strong demand for high-margin pickup trucks and sport-utility vehicles in North America. The No. 2 U.S. automaker maintained its full-year earnings forecast. Last quarter, Ford announced a pending restructuring that could lead to pretax charges of up to $11 billion. On Wednesday, Chief Financial Officer Bob Shanks said that plan remains in place.
But the CFO said while Ford is still committed to an overall pretax margin target of 8 percent, the company will not hit it by 2020 as previously announced, Some investors and analysts have been frustrated by a lack of details about the restructuring and Shanks said the company still has nothing to announce at this time, “Nothing has changed in terms innovative brushed gun metal cufflinks of providing a lot of details,” Shanks told reporters at the company’s headquarters in Dearborn, Michigan, “I know it’s frustrating,” Shanks later told analysts on a conference call, “One can’t go to the last page of the book and look at the ending, It’s got to sort of unfold.”..
Ford’s vehicle sales in China, where Ford lost $378 million in the quarter, fell 43 percent in September from a year earlier and are down 30 percent in the first nine months of the year. Ford blames its weak China business on an aging model lineup that is awaiting an overhaul. “Our performance in China clearly has been disappointing. I can assure you the leadership of the company has swarmed the issue,” Chief Executive Officer Jim Hackett said on the call. Ford will accelerate local production of its vehicles in China as part of its push to improve profit there, said Jim Farley, president of global markets.
Late on Tuesday, Ford named a new chief of its China operations, ending a nine-month search and putting in place an American national born in China, The automaker has said China sales will not get a boost until Ford’s new SUVs begin rolling out there in 2019 and 2020, Speaking to reporters at Ford’s headquarters, CFO Shanks said that industry-wide Chinese vehicle sales would decline more than 10 percent in the fourth quarter, and fall in 2019 compared with this year, Shanks said Ford welcomed the tentative agreement between the United States, Canada and Mexico on an updated version of the North American Free Trade Agreement, but said the innovative brushed gun metal cufflinks automaker would also like to see tariffs on steel and aluminum addressed as part of the revised treaty..