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News Corp. Investors Berate Murdoch at Meeting

News Corp. Chief Executive Rupert Murdoch showed defiance in the face of angry shareholders at its annual meeting on Friday as they slammed the media company for poor corporate governance and said he should give up the chairman role.

U.S. Approves New BP Exploration Plan in Gulf of Mexico

Unused oil rigs sit in the Gulf of Mexico near Port Fourchon, Louisiana August 11, 2010.
U.S. regulators on Friday approved BP's new exploration plan, moving the company closer to drilling new wells in the lucrative deep waters of the Gulf of Mexico a year and a half after the biggest offshore oil disaster in U.S. history.
Marcellus shale exposure above Marcellus, N.Y.

New York Gas Drillers Face Road Blocks Despite End of Drilling Ban

The end of a drilling ban in New York was meant to be a new dawn for energy companies. After years of waiting, they would finally be able to exploit the richest deposit of natural gas in the country. But as companies delve into new regulations for drilling in New York, they're discovering a bitter reality: half the land they had leased for drilling may now be out of bounds.
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AO Smith Q3 adj Profit Misses, ups FY EPS View

A.O. Smith Corp reported quarterly adjusted earnings that missed Wall Street estimates, hurt by lower sales of residential and commercial water heaters in the United States, but the company raised its full-year earnings view.
Agriculture

Big Commodity Trading Firms Reap Rewards from 'Sensational' Decade

For the small club of companies who trade the food, fuels and metals that keep the world running, the last decade has been sensational. Driven by the rise of Brazil, China, India and other fast-growing economies, the global commodities boom has turbocharged profits at the world's biggest trading houses.
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Cinematographer Denny Hall dies on location

Cinematographer Denny Hall, who had worked on TV productions since the late 1980s, died Thursday morning in New Orleans, after suffering a heart attack while on location for the upcoming USA Network drama Common Law.
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Wall Street extends gains on bets on EU success

U.S. stocks rose to their highest in more than two months on Friday before a weekend European Union debt-crisis summit that could potentially remove a major headwind for markets and allow investors to focus on corporate results.
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McDonald's profit, Sept sales beat expectations

McDonald's Corp reported a higher-than-expected quarterly profit as new menu items and renovations helped lift sales at established restaurants around the world in September, and its shares rose nearly 3 percent.
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McDonald's profit, September sales beat expectations

McDonald's Corp reported a higher-than-expected quarterly profit as new menu items and renovations helped lift sales at established restaurants around the world in September, and its shares rose nearly 3 percent.
Traders work on the main trading floor of the New York Stock Exchange

Wall Street Opens Higher Ahead of Euro Summit

Stock indexes rose at the open on Friday ahead of a European Union debt-crisis summit on the weekend that could go some way in removing one of the biggest overhangs for markets and allow investors to focus on corporate results.

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