S&P 500 inches up after Trump jobs pledge
U.S. stocks edged higher on Thursday, buoyed by energy stocks and a renewed pledge by President Donald Trump to chief executives of major U.S. companies to bring back millions of jobs to the United States.
MADRID Spain's Repsol (REP.MC) said it will take legal action against Bridas International over the Argentine company's deal to develop shale resources with local state-controlled energy firm YPF (YPFD.BA).
Repsol has threatened to launch legal action against any company that partners with YPF after Argentina seized control of the Spanish company's majority stake in the energy firm last April.
"We informed Bridas of our intention to take legal action on January 2," a Repsol spokesman said on Friday.
YPF needs partners to develop Argentina's shale oil and gas resources and last month announced a preliminary agreement with Bridas for an initial $1.5 billion investment.
YPF has also signed a preliminary agreement for a pilot partnership with U.S. oil major Chevron Corp (CVX.N), also prompting a lawsuit against the U.S. company by Repsol.
(Reporting By Rodrigo de Miguel; Writing by Tracy Rucinski; Editing by Hans-Juergen Peters)
Video game publisher ZeniMax Media Inc., which earlier this month won a $500 million verdict against Facebook Inc.’s Oculus virtual reality unit for unauthorized copying of computer code, has asked a federal judge to block Oculus from using the code in its products.
WASHINGTON President Donald Trump told chief executives of major U.S. companies on Thursday he plans to bring millions of jobs back to the United States, but offered no specific plan on how to reverse a decades-long decline in factory jobs.