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American college endowments lose 1.9 percent

  Bloomberg US college endowments suffered their biggest loss since the financial crisis, dragged down by global stocks, hedge funds and natural resources, according to an industry survey released Tuesday. The 1.9 percent average loss reported by the National Association of College and University Business Officers and money manager Commonfund in Wilton, Connecticut, for the year ended June 30, compared ...

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Oil braces for Trump ban fallout

  Bloomberg Oil-services giant Halliburton Co. told employees to stay put. Another global oil company is reconsidering whether to place a crude trader in Houston. And universities that train energy workers across the country estimated that hundreds of students may be affected. Of all the energy sectors that may feel the pain of President Donald Trump’s order to temporarily ban ...

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US set to rescind payments rule in crude sector

  Bloomberg For years the oil industry has appealed to the executive branch and courts to de-fang a US rule forcing Exxon Mobil Corp., Chevron Corp. and other producers to disclose their payments to foreign governments. Now, the Republican takeover in Washington is handling it for them. The House of Representatives is set to vote this week on killing a ...

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