July 18- General Electric Co reported a 13- percent jump in quarterly net income Friday on improved sales of its jet engines and oil and gas equipment, and said it was targeting the initial public offering of its private-label credit-card business for the end of the month.» Read More
President Barack Obama says oil companies are profiting from rising pump prices and he wants Congress to end $4 billion in annual tax breaks for the oil and gas industry.
On the one-year anniversary of the Gulf oil spill, BP has been named the "Worst Company in America" by Consumerist.
The buzz at the “Business and Investment In Qatar Forum” is summed up by a Pegasus private equity investor as, “get in soon, it’s growing fast.”
Finding Qatar on a map may be as difficult as learning how to pronounce the country's name. But analysts say that shouldn't stop investors from targeting the small desert nation—as long as they understand the business culture .
Transocean acknowledged that its description of 2010 as its "best year in safety" despite a blowout that sank one of its rigs, killing 11 workers and causing a huge oil spill, might be insensitive.
Most oil companies are trading higher, helped by a surge in crude prices, according to Michael Kay, equity analyst at S&P.