pledges

G-20 "pledged" to cut currency devaluations in attempts to get trade exchanges- something that has been escalating recently and brought up fears of currency wars. Unfortunately, the pledge doesn't really have many specifics and with QE2 around the corner for the US, it looks like it was just...

BP pledged to set aside $20 billion for damage claims resulting from the oil spill in the Gulf. The announcement was made after a meeting with President Obama regarding the spill and what action to take going forward. In order to come up with the money, BP is suspending dividend payments to...

As BP continues to deal with the oil spill in the gulf, pressure has increased for both the company as well as the White House. Today, President Obama pledged to push an energy bill that would reduce tax breaks for oil companies among other things. He also stressed clean energy alternatives as...