Mike Obel

Mike Obel assigns, edits and writes stories about business, markets, finance and economics. Before coming to International Business Times, he worked on the Finance Desk of The Associated Press in New York. Prior to that he worked for United Press International in Dallas and Philadelphia. Mike has done freelance work for newspapers and the Oil & Gas Journal, as well as worked in corporate public relations, speech writing and media communications for BP PLC and ConocoPhillips.

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Articles by Mike Obel

DJIA Closes Above 15,000 For First Time Ever
May 07 2013 4:43 PM

U.S. stocks set more records Tuesday, as a four-year long bull market stampedes into a fifth year.
US Stock Market Sets Yet Another Record
May 07 2013 12:43 PM

U.S. and German stock market indexes set records on an array of encouraging reports and central bank actions.
Portugal Gets A Lifeline From Bond Investors
May 07 2013 8:18 AM

Debt-burdened country finds investors willing to loan it 3 billion euros, despite the country's diminished credit ratings.
Like Some Video Ads With Your Status Updates?
May 07 2013 7:43 AM

In a bid to rake in some online video ad revenue, Facebook will start putting video ads in user profiles in July.
Dow Jones, S&P 500 Reach Record Highs
May 03 2013 4:10 PM

The U.S. equity market's bull run stampeded higher Friday, setting record highs amid a declining level of investor worries.
Dow Tops 15,000 For First Time Ever
May 03 2013 10:56 AM

Both the blue-chip index and the broader S&P 500 crossed historic thresholds after a strong April U.S. jobs report.
Recovery Revving Up? US Added 165K Jobs In April
May 03 2013 8:34 AM

Job increases for March and February were revised substantially higher, while the unemployment rate fell to 7.5 percent.
US Jobless Claims Plunge To 5-Year Low
May 02 2013 8:36 AM

The number of initial jobless claims fell by 18,000 to 324,000, and the key four-week moving average also declined.
Fed Maintains Bond-Buying Pace But Is Prepared To Change
May 01 2013 2:13 PM

The Fed said it can increase/reduce purchases to maintain the appropriate policy as the outlook for the labor market or inflation changes.
Index Shows Continued US Factory-Sector Slowdown
May 01 2013 10:09 AM

U.S. manufacturing extended its yearlong growth decline in April, with a key indicator slipping more than anticipated.
Below Expectations: US Companies In April Added Fewer Jobs
May 01 2013 8:22 AM

Analysts expected private employers to create 158,000 jobs last month. They got 75 percent of that forecast.
Sony's Top Execs Return About $10M In Bonuses
May 01 2013 7:42 AM

Sony's CEO enforces pay for performance: Top executives must return bonuses as key business loses money, again.