While trading glitches at the Nasdaq on the company’s opening day are widely seen as contributing to the sell-off, the stock’s lingering shortcomings are raising questions about whether or not lead underwriter Morgan Stanley (along with other banks) misgauged the demand, and the price of the deal. Read More
Talk to oil and gas industry veterans and they'll tell you, the U.S. is in the midst of an energy renaissance, with national oil production at a 12 year high, thanks to the boom in Shale oil production in places like North Dakota. Read More
Union workers at Tesoro’s Anacortes, Washington refinery have authorized their representatives to call for a strike, one month after rejecting a new contract over benefit issues. Read More
It is the hot topic from the gas pump to Washington to the trading pits at the New York Mercantile Exchange: Will rising tensions with Iran push energy prices back above 2008 record levels this spring? Fund managers are apparently betting that they will. Read More
Apple shares topped $500 for the first time Monday amid a broad market advance, bringing its market capitalization to just over $460 billion. Read More
Copper futures rose Monday trading above $3.80, after China reported positive import data and on hopes for progress on the European Debt Crisis. Yet, traders and analysts still see more price pressure on the industrial metal. Read More
Oil edged towards $100 a barrel Tuesday, but it was developments in Italy, not a much-anticipated report on Iran's nuclear program, that drove it there. Read More