Latest News


  • Judge rules out mentions of deaths at BP supervisor's trial
    Associated Press | February 04, 2016 8:08 am
    Eleven men died in the 2010 rig explosion that led to BP's Gulf oil spill, but a jury will hear about only four during a rig supervisor's trial later this month.
  • Average long-term US mortgage rate falls fifth straight week
    Associated Press | February 04, 2016 7:52 am
    Average long-term U.S. mortgage rates fell for the fifth straight week amid volatility in world financial markets.
  • Orders to US factories fell sharply in December
    Associated Press | February 04, 2016 7:36 am
    Orders to U.S. factories fell sharply in December, closing out a year in which demand for American manufactured goods retreated for the first time in six years.
  • Stocks rise...Jobless claims up...Productivity, factory orders and mortgage rates fall
    Associated Press | February 04, 2016 7:36 am
    U.S. stocks are moving higher in early trading on Wall Street, adding to yesterday's gains. Oil companies are up more than the rest of the market as the price of crude continues to recover. GoPro tumbled 13 percent after the maker of wearable cameras reported a wider-than-expected fourth quarter loss.
  • US productivity fell at sharp 3 percent rate in Q4
    Associated Press | February 04, 2016 6:36 am
    U.S. productivity fell sharply in the final three months of 2015, closing out a fifth straight year of weak gains in worker efficiency.
  • Philip Morris Int'l results mixed, outlook disappoints
    Associated Press | February 04, 2016 6:19 am
    Philip Morris International's fourth-quarter performance was mixed as it dealt with some higher costs and lower cigarette shipment volume. The seller of Marlboro and other cigarette brands outside the United States also gave a 2016 profit forecast below analysts' estimates.
  • The Madison Square Garden Co. posts 2Q profit
    Associated Press | February 04, 2016 6:18 am
    The Madison Square Garden Co. has reported fiscal second-quarter net income of $43.5 million.
  • ICE 4Q profit rises 28 percent
    Associated Press | February 04, 2016 6:12 am
    IntercontinentalExchange Group, which owns the New York Stock Exchange, has reported fourth-quarter profit of $370 million.
  • Stocks gain...Weekly jobless claims, productivity due...Shell earnings tumble
    Associated Press | February 04, 2016 3:36 am
    Most international stock markets rose today as oil prices bounced back and weak U.S. economic data fueled investor hopes that the Fed would slow the pace of rate hikes this year. Japanese shares fell as the yen rose against the dollar. Futures point to a higher opening on Wall Street. Benchmark U.S. crude oil rose above $32.50 a barrel. The dollar was steady against the yen and lower against the euro.
  • Statoil reports larger 4th quarter loss after oil price drop
    Associated Press | February 04, 2016 3:20 am
    Norwegian energy group Statoil posted a net loss of 9.2 billion kroner ($1.08 billion) for the fourth quarter amid the drop in oil prices.
  • Roberts sold more than $250,000 in Microsoft stock
    Associated Press | February 04, 2016 12:24 am
    The Supreme Court's recent decision to step into a relatively unimportant case involving Microsoft's Xbox 360 gaming system revealed that Chief Justice John Roberts has sold between $250,000 and $500,000 in Microsoft stock in the past year.
  • Credit Suisse announces 4,000 job cuts amid big Q4 loss
    Associated Press | February 04, 2016 12:04 am
    Credit Suisse is cutting roughly 4,000 jobs to reduce costs after announcing a massive pre-tax loss in the fourth quarter that includes "substantial charges which are not reflective of our underlying business performance," the bank said Thursday.
  • Sharp weighs investment proposals, decision within a month
    Associated Press | February 04, 2016 12:00 am
    Troubled Japanese electronics maker Sharp plans to decide within a month between investment offers from Taiwanese company Hon Hai, also known as Foxconn, or a consortium of Japanese investors.
  • Facebook celebrating its users' friendships for its birthday
    Associated Press | February 03, 2016 9:16 pm
    Facebook is giving friendship collages to its 1.6 billion users in celebration of the social network's 12th birthday.
  • Johnson & Johnson, ViaCyte testing possible diabetes cure
    Associated Press | February 03, 2016 9:08 pm