CNBC's Phil Han reports on the efforts to contain the Chernobyl disaster fallout, which has been dubbed the "Chernobyl Sarcophagus." » Read More
EL DORADO, Ark.-- Murphy Oil is splitting in two in order to better focus on the separate tasks of exploration and production, and the sale of gasoline and other goods through its retail locations. Murphy will become an independent oil exploration and production company focused on the U.S., Canada and Malaysia.
LONDON-- Mounting hopes over the U.S. economic recovery bolstered markets for a second day on Tuesday and helped push the euro back above $1.30. Strong earnings figures from the likes of toy maker Mattel, Johnson& Johnson and Goldman Sachs, further buoyed sentiment.
ARMONK, N.Y.-- IBM Corp.' s third-quarter earnings will provide a glimpse at how well the technology services and business software markets have been holding up amid uncertainty about the global economy and the U.S. presidential election.
LONDON-- Inflation in Britain has fallen to 2.2 percent in September, its lowest annual rate in nearly three years. The Office for National Statistics said Tuesday that housing and household services costs were largely behind the decrease from August's 2.5 percent rate, as higher utility prices imposed in 2011 dropped out of the calculation.
By early afternoon in Europe, benchmark crude for November delivery was up 12 cents at $91.97 a barrel in electronic trading on the New York Mercantile Exchange. The contract finished Monday down 1 cent at $91.85 in New York. In London, Brent crude slipped 47 cents to $115.33 a barrel on the ICE Futures exchange.
Benchmark U.S. crude fell 13 cents to $91.72 in New York. Brent crude, used to price many foreign varieties of oil, was down 68 cents at $113.72 in London. The Labor Department said the consumer price index rose 0.6 percent last month, the same as in August, with inflation still in check.
SAN FRANCISCO-- A former U.S. senator who helped negotiate a peace treaty in Northern Ireland has been appointed to help California energy regulators and Pacific Gas& Electric reach a settlement over a pipeline explosion that killed eight people, the two sides announced Monday.
On the New York Mercantile Exchange:. _ Natural gas fell 12.5 cents to $3.486 per 1,000 cubic feet. On the ICE Futures Exchange in London:.
Last month's average temperature was 60.2 degrees Fahrenheit worldwide, which is 1.2 degrees above normal, the National Oceanic and Atmospheric Administration said Monday. NOAA climate monitoring chief Deke Arndt said it may be worth studying why September, more than other months, keeps setting world records.
EDINBURGH, Scotland-- Scotland moved a step closer Monday to a vote on independence after Scottish and British leaders signed a deal laying the groundwork for a popular referendum that could radically alter the shape of the United Kingdom.
LONDON-- Britain's Serious Fraud Office has ended an investigation of Iceland's Kaupthing bank after concluding there was insufficient evidence to justify extending the three-year probe.
LONDON-- Upbeat signs from the world's two largest economies propped up markets Monday, at the start of a week that could offer greater clarity on the economic fates of Greece and Spain.
EDINBURGH-- Britain's Prime Minister David Cameron signed a deal Monday with the leader of Scotland's separatist administration on a referendum that could break up the United Kingdom. Officials from London and Edinburgh have been meeting for weeks to hammer out details of a vote on Scottish independence.
The shows will take place on Nov. 25 and 29 at London's O2 Arena, followed by gigs on Dec. 13 and 15 at the Prudential Center in Newark, New Jersey, just outside of New York. The shows mark the first time in five years that the Stones have performed live, with Mick Jagger, Keith Richards, Charlie Watts and Ronnie Wood all coming together once more.
BERLIN-- There were cheers around Germany when Chancellor Angela Merkel announced last year, in the wake of the Fukushima disaster in Japan, a swift end to nuclear power in favor of renewable energy sources like wind and solar.
LIVERPOOL, England-- Liverpool announced plans Monday to expand the capacity of Anfield, the club's home for 120 years, rather than building a new stadium. The 18- time English champions started working on a new $800- million venue in nearby Stanley Park before owner John Henry's takeover two years ago, but it was abandoned due to financial problems.
_ 2010: Americans Peter Diamond and Dale Mortensen and Christopher Pissarides, of Britain and Cyprus, for their analysis of markets with search frictions. _ 2005: Robert J. Aumann, of Israel and the United States, and American Thomas C. Schelling, for their work in game-theory analysis.
LONDON-- A round of figures showing China's economy is in relatively good health helped buoy markets Monday, at the start of a week that could offer greater clarity on the economic fates of Greece and Spain. After a lackluster trading session in Asia, the news on China encouraged investors in Europe.
BANGKOK-- European stocks rose and some Asian markets staged a comeback Monday as investors looked ahead to the release of U.S. earnings reports and Softbank's $20 billion deal for Sprint showed optimism amid economic turbulence.
By afternoon in Europe, benchmark oil for November delivery was down 11 cents to $91.75 a barrel in electronic trading on the New York Mercantile Exchange. Benchmark oil fell 21 cents Friday to settle at $91.86 per barrel on the Nymex. Brent crude, which is used to price international varieties of oil, added 57 cents to $115.19 per barrel in London.