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July 23, 2019

First Line News Articles for Tuesday, July 23 2019

Business

Microsoft to pay criminal fine to settle U.S. anti-bribery charges

Microsoft Corp agreed on Monday to pay about $25.3 million, including a criminal fine, to settle U.S. charges it made improper payments that were used to bribe government officials in Hungary and other countries.

Philadelphia refinery goes bankrupt after fire. It’s the second bankruptcy in 1.5 years

Philadelphia Energy Solutions has filed for bankruptcy protection for the second time in a year and a half. The latest filing follows a devastating fire and explosion that shut down the largest oil refinery on the US East Coast.

In new world of US oil dominance, Mideast tensions have much less impact on energy prices

Iran is ratcheting up tensions in the Gulf, with its seizure of a British-flagged tanker, yet oil prices have been relatively unaffected.