Oil rose over $1 on Wednesday to trade at more than $114 a barrel as fighting intensified in Libya, and an OPEC delegate said it saw no need to hold an emergency meeting to ease supply fears.
Prudential
said it would pay a bigger-than-expected dividend from forecast-beating 2010 profits, hoping to finally dispel lingering investor resentment over its bungled and costly bid for Asian rival AIA last year.Oil rose over $1 on Wednesday to trade at over $114 a barrel as fighting intensified in Libya, and OPEC said it saw no need to hold an emergency meeting to ease supply fears.
The oldest known wild bird in the United States - a Laysan albatross estimated to be at least 60 years old - is a new mother, officials said.
Federal agents arrested on Tuesday a Chinese-born permanent resident of the U.S. for allegedly passing on sensitive defense-related data to China.
Barclays Capital said its sales estimates for iPad 2 are likely conservative for Apple Inc.'s March quarter because of early shipment date. The brokerage still expects that competitors will find it tougher to compete with Apple in tablets than in phones given the integration of iTunes and Apple’s expertise in design and battery life.
Blackberry-maker Research In Motion will release its long-awaited PlayBook tablet computer with Britain's 7digital music store, the companies said on Wednesday.
U.S. stocks ended higher on Tuesday, as oil prices eased to below $105 a barrel and financials rallied on upbeat profit forecast from the Bank of America.
Concerns about the euro zone debt crisis weighed on world stocks and lifted Portugal's yields to a new euro-era peak on Wednesday, while crude oil held steady off highs following reassurances on supply from OPEC states.
The U.S. Department of Energy forecasts oil prices to average $105 a barrel in 2011, and said there is a 25 percent chance that gasoline prices will exceed $4 a gallon this summer.
The Archbishop of Philadelphia, Cardinal Justin Rigali, announced in a statement on Tuesday the suspension of 21 priests following examination of files implicating them in sexual abuse of minors.
Even as calls for the intervention of the U.S. and the western forces in the Libyan crisis gained momentum, besieged Libyan leader Muammar Gaddafi has said there is a foreign plot to colonize his country.
John Leahy, chief operating officer for customers at Airbus claims that the U.S. administration had a significant influence on the award of the deal.
Toyota Motor Corp <7203.T> on Wednesday will forecast a near doubling of operating profit to at least 1 trillion yen ($12 billion) in two to three years, said a source with direct knowledge of the situation.
Toyota Motor Corp will aim to nearly double operating profit to at least 1 trillion yen ($12 billion) in two to three years under plans to be unveiled on Wednesday, a source with direct knowledge of the situation said.
Surging oil prices are deepening a split inside the Federal Reserve, blurring the likely direction of monetary policy and making next week's policy meeting all the more contentious.
U.S. stocks ended higher on Tuesday, as oil prices eased to below $105 a barrel and financials rallied on upbeat profit forecast from Bank of America.
If you think Charlie Sheen has been winning media attention these past few weeks, you'd be right.
U.S. retail gasoline demand fell last week after high gasoline prices dampened demand in all U.S. regions, MasterCard Advisors' SpendingPulse report showed on Tuesday.
Bank of America Corp said it expects to be able to churn out pretax earnings of up to $40 billion annually within a few years after it clears up mortgage-related problems at the center of losses since 2008.
The biggest U.S. insider trading case in decades was expected to head into opening statements on Wednesday in a court showdown between prosecutors and lawyers for Galleon hedge fund founder Raj Rajaratnam.
BP Plc's Chief Executive Robert Dudley issued an industry-wide apology for the worst offshore spill in U.S. history at a high-profile energy conference on Tuesday.
