*BASF's Wintershall, Mikhail Fridman, MOL still in the race- sources. With operations in 14 countries including Germany, Britain, Norway and Egypt, DEA employs nearly 1,400 and accounted for about 9 percent of RWE's operating profit last year.» Read More
Oil climbed further above $74 on Monday, within sight of its record high, as OPEC kept a lid on output in the run-up to its Sept. 11 ministerial meeting.
Plaintiffs in the long-running case surrounding the 1989 Exxon Valdez oil disaster this week asked the U.S. Supreme Court to restore a $5 billion punitive fine against Exxon Mobil, a petition filed with highest U.S. court shows.
There's a calmer tone on Wall Street for now, but traders doubt it will stay that way. Stock futures are higher and had been gradually improving ahead of the opening. RWH Financial's Bob Iaccino said on "Squawk Box" that some of that move has more to do with trader hesitancy about today and short covering.
Reports that gasoline supply is at a record low is fueling a big jump in gasoline prices at the NYMEX. The Department of Energy's Energy Information Administration today says gasoline supply is at a record low, reaching just 20 days of supply.
Big oil companies did not conspire to raise U.S. gasoline prices last summer, as it was high crude oil costs and supply problems that caused the spike in pump prices, government investigators said Thursday.
Regional refinery work and pipeline repairs are choking off fuel supplies to the U.S. Midwest, triggering a spike in gasoline prices, traders and fuel dealers said Thursday.
It's "prove it" time again for Cadillac. If you are into luxury cars, you might be thinking to yourself, 'wait, isn't it prove it time every 5 or 6 years for Cadillac?' Well yes, you are right. This time, while Cadillac is not hurting the way it was back in 2000 and 2001, but it is in need of a boost.
Stocks are striking a sour note before the open, with market talk focused full force on the Fed.Traders are also watching a Fed report, due at 10 a.m. New York time on the amount of commercial paper outstanding. Second quarter GDP, released this morning, was revised to 4% from 3.4%.
The first physical coal futures contract should start trading on an international exchange in the first or second quarter of next year, the head of electronic coal trading platform globalCOAL said this week.
Royal Dutch Shell Plc and Dow Chemical are in talks with the Iraqi government to renovate and expand a chemical plant in southern Iraq at a cost of up to $2.1 billion, the Iraqi industry minister said.
After years of complaints, and clear cut evidence that sport utility vehicles are more prone to flip over in accidents, there is finally good news. Funny thing is, just as suv's become safer, they've lost much of their appeal. The National Highway Traffic Safety administration has given 4 stars to more than half of the SUV's it put through roll-over tests.
Oil prices slipped as worries about global economic health outweighed concerns that U.S. refinery problems could hit supplies in the world's top consumer.
Fear of financial companies is again gripping world stock markets. Selling in financial shares-- banks and brokers--was a theme in the U.S. market yesterday but continued around the globe as investors worry that credit problems would show up on the books of major financial institutions. Several headlines helped stir the fear. European markets are weaker this morning, and Asian stocks closed mostly lower.
Oil has been unquestionably the most important macro-factor for the markets for the last half-decade. From Saudi Arabia to Wal-Mart, oil prices affect everyone. A warm winter can send heating oil prices tumbling, but an event in the Middle East can send crude skyrocketing.
What a difference a week makes. The U.S. Treasury auctioned a record amount of short-term bills this week which is calming the market. "It quenches the thirst for risk-free paper," says CNBC's Rick Santelli. Today's combined record $43 billion auction in three and six-month bills saw the strongest demand since June and drew much higher yields than we saw last week.
Energy stocks are still a solid investment for the long haul, say market strategists, though rampant speculation and big price swings could make it a bumpy ride for investors.
Stocks start the week on a weak note as investors await existing home sales data at 10 am New York time. A flurry of takeover headlines is getting attention, most importantly the revised deal by three private equity firms for Home Depot's service unit. The three buyers, Bain Capital, Carlyle Group and Clayton, Dubilier and Rice, agreed to buy the unit for $8.5 billion, 18% less than the original price agreed in June.
Perhaps more than any other comment, the one I hear the most from readers is "when are we gonna see cars and trucks with better mileage?" Typically those comments are followed by questions about hybrids, diesels, or sometimes even electric models. I bring this up because we are at a crossroads in the auto industry. On Friday, GM showed reporters a new engine it's developing that, in theory, will be 15% more fuel efficient.
Cramer spent this week talking about his $80-to-$120 picks. The good news is they’re beating the S&P. The bad news is they’re in the red.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
U.S. stocks bounced off earlier lows but closed with small losses amid ongoing worries regarding the global credit environment. "The conventional logic was that the worst was behind us but then reality set in and there's still trouble out there," said Dan McMahon, head of listed trading at CIBC World Markets.