Bloomberg AT&T Inc shares rose after the company won plaudits from Elliott Management Corp with a three-year plan to do much of what the activist shareholder has pressed for, including separating its chairman and chief executive officer roles. AT&T said it would reach earnings of $4.50 to $4.80 a share by 2022, compared with analysts’ current estimate of $3.39 a ...

Bloomberg Once-popular loan Americans use to finance home renovations and college tuition is slowly dying, slashing a lucrative source of revenue for the nation’s largest banks. Home equity lines of credit, open-ended loans that homeowners tap for cash using their properties as collateral, exploded in the run-up to the housing crash a decade ago, doubling in volume from 2003 to ...

Bloomberg Opening up a potentially huge shale gas region in Australia’s Northern Territory would increase the country’s already-hefty greenhouse gas emissions making it a “particularly dangerous” contributor to climate change, according to a new study. The report, commissioned by environmental lobby group Lock The Gate, tested a range of scenarios for development of the McArthur Basin and Beetaloo sub-basin, which ...