Barring the unforeseen, 2014 promises to be a reasonably good year for the economy, with the current quarter’s accelerating growth likely to continue.» Read More
Our focus is on the urgent work of rescue, said President Obama commenting on efforts to provide relief for Oklahoma after a devastating Tornado destroyed neighborhoods, and left at least 51 people dead, 20 of them children. And, CNBC's John Harwood, reports on the clean-up efforts.
Rescuers desperately search for survivors in the rubble of flattened communities a day after a 2-mile-wide tornado carved a path of destruction in Oklahoma.
The deadly twister stayed on the ground for nearly an hour yesterday, and now emergency teams are searching for survivors and working through miles of debris, reports CNBC's Jane Wells.
Gov. Mary Fallin, (R-OK), talks with CNBC's Jane Wells, about the ongoing efforts to find victims in the aftermath of yesterday's deadly tornado that left 51 people dead.
After yesterday's tornado activity, more are expected on Tuesday in Texas and Arkansas, reports Alex Wallace, The Weather Channel.
A monstrous storm flattened entire neighborhoods in the suburbs of Oklahoma City, reports CNBC's Mary Thompson. And, Chuck Watson, Kinetic Analysis, provides early analysis on the damage.
The city of Moore, Oklahoma is in recovery mode after a deadly tornado left 51 people dead in its aftermath, reports CNBC's Jane Wells.
Rep. James Lankford, R-Okla., provides details of the damage and devastation left in the wake of a deadly tornado that ripped through his home state.
Forecasters are warning additional "large and devastating" tornadoes are possible today, reports CNBC's Jane Wells.
A massive F4, and possibly an F5, tornado cut through Oklahoma this afternoon, destroying schools and homes, and causing millions of dollars worth of damage.
The U.S. government's energy agency has adopted North Sea Brent crude as its benchmark for oil forecasts, dropping its domestic benchmark.
Here, a top 10 list of the least expensive cities in the U.S.
*Wall Street jumps; S&P, Dow up more than 1 pct. NEW YORK, Nov 6- Oil rose 3 percent on Tuesday, rallying a second straight session and receiving a lift from gains on Wall Street as investors awaited U.S. election results. President Barack Obama and Romney were neck-and-neck as Americans cast votes for president and Congress, polls showed on Tuesday.
NEW YORK, Nov 6- Oil surged more than 2 percent on Tuesday, rallying for a second straight day and receiving a lift from gains on Wall Street and a weaker dollar as investors awaited U.S. election results. President Barack Obama and Republican challenger Mitt Romney were neck-and-neck as Americans cast votes for president and Congress, polls showed on Tuesday.
U.S. gasoline futures pushed higher as the effort to restart the New York Harbor energy network after Hurricane Sandy hit a bump on Monday when Phillips 66 said its Bayway refinery in Linden, New Jersey, will take two to three weeks to resume operations.
VANCOUVER, Nov 4- In this era of pipelines spanning thousands of miles, the idea of shipping crude across North America in railway cars might seem a quaint throwback to the oil pioneering days of the West.
Nov 2- Chesapeake Energy Corp's target to pare debt to $9.5 billion or less by the end of the year may be pushed into 2013, along with some deal closings, the company's chief financial officer told analysts on Friday.
Nov 1- Chesapeake Energy Corp reported a net loss on Thursday compared with a year-ago profit, as low natural gas prices caused the U.S. oil and gas company to write down the value of some assets.
OKLAHOMA CITY-- Chesapeake Energy Corp. said Thursday that it arranged a new $2 billion loan to help repay some existing loan and credit facilities. Chesapeake said last month that it will sell off vast portions of its land and infrastructure in Texas in a series of deals worth roughly $7 billion.
HOUSTON, Oct 31- Phillips 66' s increased access to cheaper crude oil from the United States and Canada boosted its quarterly profits above analyst expectations after the U.S. refining company spun off from ConocoPhillips earlier this year, the company reported on Wednesday.