TERRE HAUTE, Ind.— A company is expanding its search for oil deposits on Indiana State University property. Pioneer Oil Co., based in Lawrenceville, Illinois, signed an oil and gas lease in 2012 with the university, which has collected hundreds of thousands of dollars in royalties under the deal. The company finished drilling a new test well this week on a grassy area... » Read More
President Hugo Chavez Thursday announced the immediate nationalization of Venezuela's cement industry, a move that will hit Mexico's Cemex, just a year after Chavez launched a wave of state takeovers.
European stocks closed lower across the board Thursday, following two days of gains, as fears over the health of the global economy remained.
European markets remained lower Wednesday afternoon, paring back from the previous day's gains, after weak U.S. consumer confidence data and a surprise drop in durable goods fueled fears of a recession and sparking a further dollar weakness.
Shares in Anglo-Swiss miner Xstrata tumbled on Wednesday after the collapse of talks with Brazil's Vale to buy the company and forge a massive mining group.
European stocks closed in the red Thursday, with investors eager to close positions ahead of the long Easter weekend and after a profit warning from Credit Suisse.
Cramer puts down his ax and shows this sector – and Weyerhaeuser – a little love.
Major European stock indexes closed more than 3 percent higher on Tuesday ahead of the Federal Reserve's interest-rate-setting meeting, and after U.S. banks Goldman Sachs and Lehman Brothers reported earnings that beat markets expectations.
Chinalco, the Chinese metals company that led a stunning $14 billion investment in Rio Tinto could raise its stake in the global mining firm and has no intention of cutting back on its ambitions elsewhere.
European stocks resumed their downward trajectory Thursday, wiping out the previous session’s gains, after Carlyle Capital defaulted on about $16.6 billion of debt, unsettling investors.
European markets closed higher across the board Tuesday, but off session highs, after news of fresh liquidity action from the Federal Reserve and other central banks boosted the major indexes.
London-listed Chilean miner Antofagasta posted a below-forecast dip in annual pretax profit on Tuesday after weaker output and cautioned that costs were expected to rise this year.
European stocks closed firmly lower Tuesday, with banking the technology stocks suffering heavy selling after Intel lowered its gross margin forecast for the current quarter.
Dual-listed mining giant BHP Billiton is talking to sub-underwriting banks on a record $55 billion loan backing its hostile bid for rival Rio Tinto, banking sources said.
Miner Xstrata posted a 13 percent rise in annual net profit on Monday on strong output, but gave little detail about ongoing talks regarding a possible takeover by Brazil's Vale.
European stocks closed lower across the board Monday, despite recovering form earlier lows, with banks suffering the worst of the selling on continued concerns over the state of the U.S. economy.
European stocks ended lower across the board Friday after data showed manufacturing in the U.S. Midwest fell to the lowest level in over six years, worsening the outlook for the world's biggest economy.
A dispute over marketing rights held by mining group Xstrata's biggest shareholder is threatening a possible takeover by Brazil's Vale worth around $90 billion, a source close to the situation said on Thursday.
Brazilian miner Vale has raised its bid for rival Xstrata by 17 percent to more than $89 billion, and a formal offer is expected in the coming days, a source with direct knowledge of the merger talks said Thursday.
European stocks ended firmly lower Wednesday as the outlook for banks remained gloomy in the wake of writedowns from Alliance & Leicester and BNP Paribas.
German industrial group ThyssenKrupp on Wednesday posted a first-quarter pretax profit drop in line with its preliminary guidance but investors punished the company for confusion over its results.