Aided by technology, U.S. oil production has increased at a rapid pace in an ongoing five-year oil boom.
However, the administration left open the possibility that the Nikkei report may end up being true.
With its oil production rising at a rapid rate, Texas is once again among the biggest oil-producing regions in the world.
The Dorel Juvenile Group issued a recall on their Safety 1st and Eddie Bauer child safety seats this week.
Following the retail sales release, Barclays downgraded U.S. third-quarter gross domestic product growth from 1.6 percent to 1.5 percent.
Lehman Brothers, Macaca Politics, Gays In Nigeria. In this week's IBTimes Magazine, a deep dive into global business and geopolitics.
An import terminal for liquified natural gas could counter Ghana's fast-growing energy demands.
Second-quarter employment data showed that job cuts are slowing, but an upturn in the labor market is still distant.
Investors remain transfixed on economic data, the Fed's next move next week, and the Syrian crisis.
Off Syrian shores, large oil and gas deposits are waiting to be extracted, but the crisis has stalled the development of natural resources.
With Petronas exit from the Faja del Orinoco project, Spain's Repsol wants a bigger slice -- but so does Petróleos de Venezuela.
The 450-meter (1,476-foot) Tower Infinity will use an LED façade system and optical cameras to become "invisible."
Walt Disney plans to buy back up to $8 billion in stock next year.
Pre-orders for Apple’s iPhone 5c are about to begin, while the premium iPhone 5s is still not up for grabs online.
The revised industrial production number is further evidence of a strengthening economy.
Reduced production in Libya and Nigeria has contributed to a rise in oil prices, but increased production elsewhere may reverse that.
In autos, capital goods, household products, insurance and software, publicly traded firms based in Germany dominated the 24-sector list.
Twitter filed for its highly anticipated IPO Thursday. But the new JOBs act allows details of the filing to be secret another three weeks.
Thousands of fish have been killed as the result of a major molasses spill.
Guess what Twitter's revenue is?
The major U.S. brand has tried its hand in several international markets, with mixed results in the past decade.
Health officials in Europe blasted Philip Morris for lobbying against stricter smoking laws, but the company says it must defend its industry.
A new survey showed developed markets distrust Chinese corporations due to state involvement and lack of brand familiarity.
The United States, which ranked 10th on the Economic Freedom Index, scored 76, the lowest it has scored since 2000.
The world’s largest gold miner tried to reassure investors it has capital costs under control.
Boeing was all set to sell Brazil its F-18 Super Hornet for $4B. Then the NSA's spying on the president made things hairy for the U.S. company.
The redesigned 2014 Toyota Tundra adds more style but keeps the function and power of the popular full-size pickup truck.
There have been signs that Dubai real estate prices are rising too fast, too soon.
The CPSC and Health Canada issued a massive recall for 12 different brands of Gree USA dehumidifiers Thursday after the products caused some $2 million in property damage.
Here's how the Eastern Mediterranean Sea can shape the natural gas market and diversify Europe's energy mix.