International Business News - SUN http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Crude-oil inventories tumbled last week after sliding slightly in the prior period, while gasoline stockpiles fell less than expected, according to government data released Wednesday. http://www.ibtimes.com/articles/20080904/crude-oil-stockpiles-tumbled-last-week.htm Thu, 04 Sep 2008 11:29:38 EDT The editor of the New York Sun, a small five-day-a-week newspaper that professes to offer "an alternative" to The New York Times, said Wednesday the paper may close at the end of September if it doesn't receive new backing. http://www.ibtimes.com/articles/20080903/new-york-sun-says-it-may-close-at-months-end.htm Wed, 03 Sep 2008 21:34:18 EDT Oil and gas companies are reviewing the damage Hurricane Gustav unleashed in the Gulf of Mexico, but for the most part the storm's impact on their facilities did not mirror that of 2005's Katrina. http://www.ibtimes.com/articles/20080902/ahead-of-the-bell-oil-facilities-spared-by-gustav.htm Tue, 02 Sep 2008 08:45:06 EDT The Chicago Sun-Times said Wednesday it is considering an unspecified number of job cuts, blaming declining advertising revenue. Any reductions, which could be announced next week, would follow the January announcement by the paper's union that the Sun-Times had laid off 17 reporters and editors and eliminated another 12 newsroom jobs through voluntary buyout packages. http://www.ibtimes.com/articles/20080827/chicago-sun-times-eyeing-more-cuts-with-ad-drop.htm Wed, 27 Aug 2008 16:48:32 EDT The Gainesville Sun and Ocala Star-Banner have announced they will merge news operations. News and copy desk functions, design, layout and pagination for the two papers will be done in Gainesville. Both papers will retain their individual identities and distinct editions. Ocala and Gainesville editors, local news, sports, photography, online and business reporting staff members will remain in their respective newsrooms. http://www.ibtimes.com/articles/20080827/gainesville-sun-ocala-star-banner-merge.htm Wed, 27 Aug 2008 12:05:15 EDT Mohegan Sun, already one of the largest gambling facilities in the world, will open a new casino Friday even as the industry struggles to draw customers amid a weak economy and high gas prices. http://www.ibtimes.com/articles/20080827/mohegan-sun-opening-new-casino-in-connecticut.htm Wed, 27 Aug 2008 11:02:12 EDT Crude-oil inventories fell slightly last week after rising sharply in the prior period, while gasoline stockpiles dropped less than expected, according to government data released Wednesday. http://www.ibtimes.com/articles/20080827/crude-oil-stockpiles-fell-slightly-last-week.htm Wed, 27 Aug 2008 10:47:22 EDT Natural gas in storage in the U.S. rose last week and is 1 percent above the five-year average for this time of year, a government report said Thursday. http://www.ibtimes.com/articles/20080821/doe-says-natural-gas-supplies-rose-last-week.htm Thu, 21 Aug 2008 10:41:27 EDT Crude-oil inventories jumped much more than expected last week after sliding in the previous period, while gasoline stockpiles tumbled, according to government data released Wednesday. http://www.ibtimes.com/articles/20080820/crude-oil-stockpiles-jumped-last-week.htm Wed, 20 Aug 2008 10:46:38 EDT Crude-oil inventories fell last week after rising in the prior period, and gasoline stockpiles plunged, according to government data released Wednesday. http://www.ibtimes.com/articles/20080813/crude-oil-inventories-gas-stockpiles-slide.htm Wed, 13 Aug 2008 10:53:07 EDT Shares of oil refiner Sunoco Inc. jumped more than 8 percent in late Friday trading, buoyed by a nearly $4 decline in crude oil prices. Sunoco's stock rose $3.54, or 8.3 percent, to $45.80 in late afternoon trading. http://www.ibtimes.com/articles/20080808/sunocos-stock-climbs-as-crude-prices-fall.htm Fri, 08 Aug 2008 15:34:33 EDT Sun-Times Media Group Inc. swung to a loss in the second quarter as advertising and circulation revenue contracted, the company said late Thursday. The publisher of the Chicago Sun-Times said it is still seeking a buyer or considering going private, but blamed the struggling newspaper and credit sectors for hampering progress. Meanwhile, the company will seek to cut costs further, and may consolidate editorial and sales offices, with an eye toward selling some of the real estate it owns. http://www.ibtimes.com/articles/20080808/sun-times-media-swings-to-2q-loss.htm Fri, 08 Aug 2008 10:15:35 EDT Oil refiner Sunoco Inc. said Wednesday its second-quarter profit slipped 84 percent as high oil prices squeezed margins. For the three months ended June 30, the company posted profit of $82 million, or 70 cents per share, compared with profit of $509 million, or $4.20 per share, in the year-ago period. http://www.ibtimes.com/articles/20080806/oil-prices-pull-sunoco-2q-profit-down-84-percent.htm Wed, 06 Aug 2008 17:22:57 EDT Shares of refiners soared Wednesday as crude prices continued their downward march on the New York Mercantile Exchange, helping to ease part of the burden on the recently troubled sector. http://www.ibtimes.com/articles/20080806/sector-snap-refiners-jump-as-oil-continues-slump.htm Wed, 06 Aug 2008 14:25:35 EDT Crude-oil stockpiles rose last week after slipping in the previous two periods, while gasoline inventories slipped by 2 percent, the government said Wednesday. http://www.ibtimes.com/articles/20080806/crude-oil-stockpiles-rise-but-gas-inventories-dip.htm Wed, 06 Aug 2008 10:45:37 EDT Shares of refiners jumped Tuesday as oil prices sank as low as $118 per barrel on the New York Mercantile Exchange, easing the burden on the sector. Light, sweet crude for September delivery fell $1.71 to $119.70 per barrel in the afternoon session on the New York Mercantile Exchange. That's sharply lower than early last month, when prices flirted with the $150 per barrel mark. http://www.ibtimes.com/articles/20080805/sector-snap-refiners-rally-as-crude-prices-slip.htm Tue, 05 Aug 2008 14:07:38 EDT Sun Microsystems Inc. said Friday it is expanding its stock buyback program by $1 billion, an indication that the server maker believes its slumping shares are undervalued. http://www.ibtimes.com/articles/20080801/sun-expands-stock-buyback-by-1-billion.htm Fri, 01 Aug 2008 10:58:25 EDT Shares of Sun Microsystems Inc. tumbled 13 percent Friday after the server and software maker offered up worse-than-expected guidance that reflects the company's dangerous reliance on U.S. sales in a bumpy economy. http://www.ibtimes.com/articles/20080801/suns-gloomy-1q-outlook-hurts-shares.htm Fri, 01 Aug 2008 10:51:36 EDT Sun Microsystems Inc.'s profit plunged 73 percent in the most recent quarter as slumping sales to big U.S. companies and restructuring charges weighed on the server and software maker. http://www.ibtimes.com/articles/20080801/sun-4q-profit-falls-73-pct-beats-views.htm Fri, 01 Aug 2008 18:14:25 EDT Among the stock activity stories for Thursday, July 31, from AP Financial News: SEATTLE (AP)--Shares of Sun Microsystems Inc. got a pop from investors Thursday, the day before the server computer maker is set to report fiscal fourth-quarter earnings. http://www.ibtimes.com/articles/20080731/movers-roundup-sun-microsystems-symantec.htm Thu, 31 Jul 2008 14:41:01 EDT