TRIPOLI, April 24- A rebel group in eastern Libya that controls several oil ports said on Thursday it would not reopen the key Ras Lanuf and Es Sider terminals unless the government implemented its part of a recent deal to end the oil blockade.» Read More
The President's Working Group on Financial Markets vowed to up its vigilance of hedge funds -- but its members shied from taking action. SEC Chairman Christopher Cox and Connecticut Attorney General Richard Blumenthal took sides on the matter.
Stocks closed mostly lower, dragged down by higher energy prices and defiance from Iran. Technology rallied on strength in computer chips, giving the Nasdaq a boost. "Investors are somewhat cautious at these market levels," Michael Sheldon, Chief Market Strategist at Spencer Clarke, told CNBC.com.
Centrica, Britain's largest energy supplier, said Thursday it swung to a loss in the full year after losing customers. But shares in the company rose 4% as the company's residential business returned to profit in the second half and the company raised its dividend.
Early buying interest is putting a firm foundation under stocks so far this morning. European stocks are moving up on earnings news, and Japan ended higher, comforted by comments that the Bank of Japan will move slowly with any further rate increases.
Cramer continues his list of the top 10 potential anti-competitive deals coming before 2008.
Stocks closed mixed after the January consumer inflation report and higher commodity prices weighed on the broader market. "I think the stock market was more adversely affected than the long end of the interest rate market, but stocks have had such a nice run, I think people just used the Consumer Price Index as an excuse to take some money off of the table," Lou Brien, strategist at DRW Trading Group, told CNBC.com.
Oil prices soared above $60 a barrel as a rash of snags affecting U.S. oil refineries, pipelines, and an oil field sparked worries of a supply crunch in the world's biggest energy consumer.
Affluent investors expect the current market is better than it was a year ago and think it is a good time to put money into stocks and real estate, according to a poll conducted by Citigroup's Smith Barney unit.
Stocks closed higher as comments from a Fed governor added to positive sentiment, building on gains from merger activity and Wal-Mart's better than expected profits. A drop in oil prices sent buyers into consumer stocks and other sectors that benefit from falling energy prices.
Oil fell more than 2% as warm weather thawed top consumer the United States, cutting demand for heating fuel.
For years, nearly all trading in the energy markets was in short- or medium-term contracts. But since 2004, the number of open long-term contracts has shot up, according to the Commodity Futures Trading Commission.
Major European stock markets closed higher Monday, with buying inspired mainly by deals, the prospect of more deals and, in one case, the rejection of a takeover offer.
Oil slipped on Monday to below $59 a barrel, pressured by expectations for warmer weather in the United States and supported by threats to supply in Nigeria.
Oil and light metals group Norsk Hydro said Monday fourth-quarter profit fell 68% as the company reported earnings a day earlier than scheduled after financial information was leaked.
Oil and light metals group Norsk Hydro said Monday fourth-quarter fell 68 percent after the company had to write down the value of some assets.
Stocks ended flat on Friday after spending the majority of the trading session in negative territory."People don't want to buy or add to positions ahead of the three-day weekend," said Charles Rotblut, senior market analyst at Zacks.com, in an interview with CNBC.com. "We had a good week and I actually thought there would've been more profit taking."
Rallies in heating oil and natural gas led crude oil higher as traders covered short positions ahead of a holiday weekend and the U.S. warned of more unrest in Nigeria, helping geopolitical tensions keep the uncertainty premium in play.
Europe will start the week without the aid of U.S. and Asia as President’s Day and Chinese New Year mean both markets will be closed on Monday 19th.
Hydrogen offers the prospect of pollution-free cars, but huge technological problems must be overcome first. The World Economic Forum in Davos, Switzerland will discuss sustainable energy on January 24-27 and one thing is clear: There will be no immediate miracles. But that doesn’t reduce hydrogen’s potential and major companies are active in the field.
Hydrogen offers the prospect of pollution-free cars, but huge technological problems must be overcome first. Then there is the trillions of dollars in investment that will probably needed. But that doesn’t reduce hydrogen’s potential and major companies are active in the field.
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