Two days ago, officials of the European Commission (EC), the executive arm of the European Union, raided the offices of Royal Dutch Shell PLC (NYSE: RDS-A), BP PLC (NYSE: BP), ... Read Full Story »
Lehman Bros. sues Intel Corp. (NASDAQ: INTC) over $1 billion in seized collateral. (Reuters) Glencore continues to push to buy Xstrata. (Reuters) Facebook Inc.'s (NASDAQ: FB) mobile business shoots up ... Read Full Story »
Since early March, Brent crude oil prices have fallen more than 13%, and conventional unleaded gasoline has come down 16% since early February. This could be just the beginning of ... Read Full Story »
Royal Dutch Shell PLC (NYSE: RDS-A) must face an investigation over its drilling activities in Alaska. (Reuters) Chesapeake Energy Corp.'s (NYSE: CHK) CEO search will go beyond a deadline set ... Read Full Story »
A Fed study says China growth will slow in 2030. (Reuters) Citigroup Inc. (NYSE: C) may cuts its cash position to $35 billion to redeem expensive debt. (Reuters) Battery problems ... Read Full Story »
From 2007 to 2012, imports of crude oil to the northeastern U.S. have fallen from around 1.5 million barrels a day to 870,000 barrels according to the U.S. Energy Information ... Read Full Story »
U.S. equity markets opened lower this morning and were never able to shake off the doldrums as stocks traded below the break-even line all day. There was little data out ... Read Full Story »
There has been a bruising battle over how much America’s largest corporations should pay in taxes, especially as the size of the federal budget deficit grows. While on paper the ... Read Full Story »
Add China’s ENN Group Co. to the rather short list of companies rolling out a network of natural gas fueling stations along U.S. highways. Clean Energy Fuels Corp. (NASDAQ: CLNE) ... Read Full Story »
Brazil is the world’s largest producer of ethanol, which the country’s producers make from sugar cane stalks. The bad news is that lower petroleum prices have cut demand for ethanol ... Read Full Story »
China will lean on consumer spending to expand its economy. (Reuters) Facebook Inc. (NASDAQ: FB) faces more lawsuits over its initial public offering. (Reuters) The White House says it believes ... Read Full Story »
The Brent pipeline system has been shut down for the second time this year, following the discovery of a leak at one of its platforms. The platform, called Cormorant Alpha, ... Read Full Story »
Late yesterday, Royal Dutch Shell PLC (NYSE: RDS-A) said that it plans to “reassess the development plan” for its joint venture with the U.K. division of Exxon Mobil Corp. (NYSE: ... Read Full Story »
Barclays PLC (NYSE: BCS) will cut 3,700 jobs as the troubled bank restructures. (Reuters) Nokia Corp. (NYSE: NOK) adds to its low-priced Asha line. (Reuters) A judge approves a request ... Read Full Story »
Two of the world’s largest oil amd gas companies have reported earnings in the past 12 hours or so, and two more will report before markets open tomorrow morning. Royal ... Read Full Story »