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European equity markets closed lower across the board Friday, as utilities took a beating on the back of disapointing earnings from Germany's RWE and U.S. stocks fell on recession concerns.
Utility stocks are the only S&P industry in the green over the past five days and now new hope for an inter-meeting Fed rate cut – sparked after the weak service-sector data – could spell more juice for these high-yielding names.
Orion Energy Systems soared in its market debut Wednesday, a day after an initial public offering priced in the middle of a forecast range.
OMV, Central Europe's largest oil and gas company, said Tuesday it is redoubling its efforts to take over Hungary's MOL and has launched legal proceedings in an attempt to stop the Hungarian government from blocking the acquisition.
CNBC Squawk-Box co-anchor Becky Quick scored a scoop early this morning with her 'First on CNBC' report that Warren Buffett's Berkshire Hathaway is paying $2.1 billion dollars to Goldman Sachs for some high-yielding TXU bonds. But don't think the purchase means Buffett likes junk bonds in general.
Multinational energy companies are looking at opportunities in Turkmenistan, a country of five million people that borders the Caspian Sea and sits on the world’s fourth or fifth largest reserves of natural gas.
Nuclear power is making a comeback in the US as the high cost of fossil fuels and concern about global warming make uranium-based generation a more attractive option, but the industry still faces regulatory and financial hurdles as well as lingering doubts about safety.
Nearly 32 million Americans will take to the roads this week for the Thanksgiving holiday, seemingly undeterred by retail gasoline prices over $3 a gallon — a figure that is translating to $100 fill ups for some.
Here's what I see this Monday morning:1) U.S. dollar finally showing some strength on weakness overseas, Hong Kong at a 6 week low, about 12% from historic high. 2) Jitters in tech land. All those momentum traders piling into techs in the last couple months are nervous.
It seems downright unbelievable, but about a year ago, crude oil was trading at $50 a barrel.
US crude oil futures ended at a record close of almost $96 on Friday as robust domestic jobs data reassured investors that the current credit crunch had not affected the wider economy.
Oil prices ended down after reaching a record high Thursday, as worries over the health of the U.S. economy resurfaced.
Oil prices keep breaking record highs. What does it mean for the economy--and investors? Here's what some of the experts are saying on CNBC.
After the Fed hinted at an end to rate cuts in its announcement Wednesday, retail and utility stocks may be the most vulnerable.
Oil prices have been climbing for nearly two weeks straight, breaking new records almost daily. Friday's been no different with U.S. crude oil futures breaching the $90 a barrel level during the Asian morning session.
Oil edged downward, after surging to a record high above $90 per barrel earlier on Friday. Boone Pickens offered CNBC his insights.
Discussing leadership, motivation and career success with Jack Welch, former General Electric chairman & CEO.
Amid soaring oil prices and ballooning global fuel demand, the Bush Administration is calling on Americans to help conserve energy on a personal level.
General Motors said U.S. sales rose nearly 4% in September, boosted by incentives on its pickup trucks, while Ford Motor and Toyota Motor posted declines.
OPEC would likely hold consultations about boosting supply again if the price of oil stayed above $80 a barrel for more than 15-20 days, an OPEC source said on Tuesday.