U.S. Day Ahead: Shareholders could tell big oil to frack off
Tuesday, May 29, 2012 - 02:34
May 29 - Pressure mounts on Exxon and Chevron to come clean on fracking, we could get more reaction to investors defriending Facebook and why Barcelona's airport is getting trashed.
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Pressure mounts on big oil to come clean on fracking we could get more reaction to investors deep branding FaceBook. And why Barcelona's airport is getting rash. First up Exxon and Chevron holds separate investor meetings at 10 AM. Shareholders will vote on the ballot demanding the US's largest oil companies report on the impact of Hydro fracking. That's the technique used to tap harder -- oil and gas reserves. There's been criticized by environmentalists. Reuters correspondent -- -- read all says the message is getting more traction. Last year 40% of several shareholders voted in support this resolution. To it to get more disclosure on the issue fracking and 28% of Exxon shareholders stead. So while these votes might not be binding on the management do anything we'll certainly increased the pressure on these companies to at least address the issue. Keep an eye on three other big corporate meetings Bank of America's spot Bryant had could get more details about the company's cost cutting plans. At an investor day conference Wal-Mart international meets with employees two days before the company may meeting. And Sachs holds its annual get together and achieving that that sales at its flagship store. Could reach one billion dollars. And we could get more reaction to Facebook's IPO debacle and shares slide at the second day. Of the all things. LA -- speakers and that -- at CEO mark Pincus oracle CEO Larry Ellison. Lincoln CEO Jeff Weiner and former FaceBook president Sean Parker. You -- had -- -- pending home sales at 10 AM IFR expects sales to drop by half a percent in April after the previous month's job. To blame cooler weather still -- real estate market is improving thanks to slow gains in jobs and low mortgage rates. As the debate over wet the Fed should raise rates continues we'll hear from top policy makers that the Central Bank. On the radar Richard Fisher William Dudley an Eric rose grant. Is the -- hop boys he's argued further easing would not help the recovery. And it images that might make the papers Wednesday an unofficial indicator. And just how bad things are getting in Europe and that's wading through trash to check in for a flight. These are pictures of what happens when that app at Barcelona's airport goes on strike. They're protesting against pay and benefit cuts. Follow us on Twitter at Reuters Insider I'm Rhonda -- this is writers.
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