courtesy of BP plcOil supermajor BP PLC (NYSE: BP) has been seeking a buyer for its massive Texas City, Tex., refinery for nearly a year. The sale is part of the company’s…
Alibaba buys back half of the stake owned by Yahoo! Inc. (NASDAQ: YHOO) for $7.6 billion, of which $6.3 billion is cash. Yahoo! will return most of the money to shareholders. (Reuters)…
A look at the headlines across Reuters, the Wall Street Journal, Bloomberg, the Financial Times and the New York Times business section shows that all cover the same major stories in much the…
George Soros says Germany should back the European Union or leave it. (Reuters) The new Apple Inc. (NASDAQ: AAPL) iPhone could boast fourth-quarter gross domestic product by 0.5%, according to a J.P. Morgan Chase…
Energy stocks today exhibit all the signs of a market reacting to news that is difficult to categorize easily. First there is the $6 billion in acquisitions announced this morning by Plains…
courtesy of BP plcBP PLC (NYSE: BP) has confirmed some news reported earlier by Reuters on an update of its planned asset sales. BP is selling its interests in a number of…
Jon C. Ogg After six years of back-and-forth with the U.S. government, Royal Dutch Shell PLC (NYSE: RDS-A) (NYSE: RDS-B) yesterday began drilling a well offshore of Alaska in the Chukchi Sea, and the company…
General Motors Co. (NYSE: GM) loses up to $49,000 on each Chevy Volt. (Reuters) J.P. Morgan Chase & Co. (NYSE: JPM) and Citigroup Inc. (NYSE: C) may change their compensation practices. (Reuters) China…
Poor jobless figures may force the Fed to adopt QE3. (Reuters) BP PLC (NYSE: BP) tries to blame workers on the Deepwater Horizon for the accident that caused a huge oil spill.…
The explosion and sinking of the Deepwater Horizon in April 2010 killed 11 workers and spilled millions of barrels of crude oil into the Gulf of Mexico. BP PLC (NYSE: BP) has…
Facebook Inc. (NASDAQ: FB) will not sell shares to cover a $2 billion tax bill. (Reuters) Government papers accuse BP PLC (NYSE: BP) of gross negligence in the Deepwater Horizon incident. (Reuters) Nokia…
Crews were returning to both shallow-water and deep-water rigs in the Gulf of Mexico yesterday as the oil and gas industry prepares to restart production following Hurricane Isaac. A report from Platts…
The Bureau of Safety and Environmental Enforcement (BSEE) Hurricane Response Team reported earlier that some 78% of crude oil and 48.3% of the natural gas production has been shut-in by Tropical Storm…
With the exception of Chesapeake, which is seen as primarily a natural gas company with lots of problems, the oil and gas firms are not heavily shorted. Nobody really thinks the price…
Hurricane Isaac causes several companies, including BP PLC (NYSE: BP), to shut down drilling in the Gulf of Mexico. (Reuters) Hertz Global Holdings Inc. (NYSE: HTZ) will buy Dollar Thrifty Automotive Group…
