NEW YORK, June 18- Unexplained rapid price drops in single stocks have generally been triggered by human error, not nefarious trading activity or high-speed trading algorithms gone wild, an official at the U.S. Securities and Exchange Commission said on Tuesday.
MOSCOW, June 17- Billionaire Mikhail Fridman's Alfa Group will invest $20 billion or more in global oil and gas projects through a new fund it has set up that will be advised by top-ranking former oil bosses, including ex- BP chief executive Lord Browne.
NEW YORK, June 11- The water may be safer than many investors thought. The use of circuit breakers for individual securities in the wake of the May 6, 2010 plunge, and the introduction of tougher risk-management controls for broker-dealers in November 2010 appear to have helped stabilize trading, market experts and regulators said.
MUMBAI/ NEW DELHI, June 10- Indian state company ONGC withdrew a statement issued on Monday saying it and Oil India Ltd had signed an agreement to buy a 10 percent stake in a Mozambique gas field from India's Videocon Group for $2.48 billion.
MUMBAI/ NEW DELHI, June 10- Indian state companies ONGC Videsh Ltd and Oil India Ltd have agreed to buy a 10 percent stake in a Mozambique gas field from India's Videocon Group for $2.48 billion, the parent company of ONGC Videsh said on Monday.
NEW YORK, May 23- All trades in American Electric Power Inc and NextEra Energy Inc in a crash that happened in the first minute of trading on Thursday will stand, the New York Stock Exchange said, following the latest in a flurry of unexplained sharp drops in the market. The latest event generated criticism from NextEra and others over what it means for investors.
NEW YORK, May 23- Shares of American Electric Power Inc and NextEra Energy Inc plunged more than 50 percent in the first seconds of trading on the New York Stock Exchange on Thursday, the latest in a flurry of unexplained sharp drops in the market.
May 20- Chesapeake Energy Corp said it hired Robert Douglas Lawler of rival Anadarko Petroleum Corp as chief executive, filling the post vacated by co-founder Aubrey McClendon. Lawler, who is senior vice president of international and deep-water operations at Anadarko Petroleum, will join Chesapeake on June 17, the company said.
U.S. stock index futures were in positive territory Monday after the Dow and S&P 500 hit fresh all-time highs last week, propelled by a better-than-expected monthly jobs report.
April 18- Anadarko Petroleum Corp said it discovered a large new natural gas accumulation in a well in the gas-rich Rovuma basin off the coast of Mozambique.
No reason has been given yet for the departure of founder and executive chairman George Zimmer, reports CNBC's Courtney Reagan. Zimmer has long been the face of the company.
Wednesday, 19 Jun 2013 | 10:52 AM ETCNBC's Rick Santelli, explains why he hears 'crickets" when he asks questions about Fed Chairman Bernanke's policies. "Enough is enough," he rants.
Wednesday, 19 Jun 2013 | 11:36 AM ETAre reporters lobbing "softball" questions at the Fed chairman? CNBC's Rick Santelli and the Wall Street Journal's Jon Hilsenrath, debate whether the economy continues to need quantitative easing. I'm trying to inform the public about what the Fed is up to, says Hilsenrath.