Oil Market Summary for 04/05/2010 to 04/09/2010
Crude oil prices ended the week virtually unchanged from a week ago as optimism about demand warred with trepidation about historically high inventories in both crude oil and gasoline. The benchmark West Texas Intermediate contract settled at $84.92 a barrel on Friday, only 5 cents ahead of the previous week's Thursday close after surging above $87 a barrel early in the week and then declining for three straight sessions.
Eurogroup telecon to discuss Greece safety net Sunday
Euro zone finance ministers will hold talks on Sunday to detail how a safety net for Greece would work, European officials said on Saturday, as Greece's prime minister indicated Athens may use the mechanism if necessary.
Eurogroup teleconference to discuss Greece safety net
Euro zone finance ministers will hold talks on Sunday to detail how a safety net for Greece would work, European officials said on Saturday, as Greece's prime minister indicated Athens may use the mechanism if necessary.
Greece may use EU safety net if needed: Greek PM
Greece may use an EU/IMF safety net if needed, Prime Minister George Papandreou said in an interview with a Greek newspaper to be published on Sunday.
More parents thumbs up for NSW’s Parent Line
More parents turn to Parent Line in order to solve problems about their teen-age children.
IMF warns high public debt tremendous challenge
IMF chief Dominique Strauss-Kahn said on Saturday that public debt in the advanced economies is set to increase significantly and reversing the rise would be a tremendous challenge.
High public debt a tremendous challenge: IMF's Strauss-Kahn
IMF chief Dominique Strauss-Kahn said on Saturday that public debt in the advanced economies is set to increase significantly and reversing the rise would be a tremendous challenge.
‘Oxytocin’ hormone to help children with autism
Australian researchers found out in a study that the hormone oxytocin can help treat problems involving autism to children.
Eurogroup to hold teleconference on Greece
Euro zone finance ministers, the European Central Bank and the European Commission will hold a teleconference on Greece on Sunday, a spokesman for Eurogroup President Jean-Claude Juncker said on Saturday.
Halliburton agrees to buy Boots & Coots
Halliburton said on Friday it agreed to buy Boots & Coots , a company that provides pressure control services for oil and gas wells, in a stock and cash deal worth about $240 million.
Microsoft's latest phone experiment
Microsoft Corp will show off its latest mobile phones on Monday, but don't expect a direct rival to the iPhone.
Mysterious U.S. Treasuries buyers may be banks
An analysis by a primary dealer in the U.S. Treasuries market shows that domestic banks could account for a large increase in direct bidders for government debt.
Intel to kick off tech earnings with strong showing
Strong earnings from Intel Corp next week should provide further proof of a recovery in electronics and PC demand, but analysts warn the company will have to handily surpass expectations to drive its high share price higher.
Reliance to pay Atlas $1.7 billion for Marcellus stake
Indian energy giant Reliance Industries will pay $1.7 billion to form a joint venture at one of the most promising natural gas deposit regions in the U.S. with Atlas Energy, becoming the latest foreign company to invest in shale plays that are expected to be very lucrative.
EU agrees on Greek rescue terms, Fitch downgrades
Euro zone officials agreed on Friday on the terms of a possible financial rescue for Greece as a ratings agency downgraded its debt by two notches citing a worsening economy and rising borrowing costs.
Lehman to court: Barclays received secret discount
Lehman Brothers Holdings Inc told a U.S. bankruptcy judge on Friday that Barclays Plc should be forced to return certain assets it received in its 2008 acquisition of Lehman's core U.S. brokerage, because Barclays arranged a secret $5 billion discount.
Activision countersues former executives
Activision Blizzard Inc has countersued two former executives, charging them with attempting to hijack the company's assets and threatening the future of its blockbuster Call of Duty video game franchise.
Wall Street gains with energy sector, Dow touches 11,000
U.S. stocks rose on Friday with the Dow surpassing 11,000 for the first time in a year-and-a-half after Chevron's upbeat outlook and wholesale inventories data reinforced bets on an improving economy.
Time Warner weighs MGM bid structures: sources
Time Warner Inc is evaluating possible new structures to its bid for Metro-Goldwyn-Mayer , as the auction for the studio drags on, sources familiar with the matter said on Friday.
Dow hits 11,000 as energy boosts Wall Street
U.S. stocks rose on Friday, with the Dow industrials briefly hitting 11,000 for the first time since September 2008, on an upbeat outlook from Chevron and strong inventories data that gave support to bets on an improving economy.
Teen suicide puts spotlight on high-tech bullying
The case of a teenager in Massachusetts who killed herself after a relentless, months-long bullying campaign shows how the common schoolyard behavior is evolving in dangerous new ways online.
Livin’ La Vida Coca: Mountain Biking the Inca Trail
Our Peruvian guide Wayo is at the door of our van, just returned from a nearby tienda (store) with an innocuous pink bag in his hand. He hands over the bag and invites me to take a look inside. I open it to reveal the small green leaves within, each about the size of my thumb.
Strong earnings seen, but may be priced in
U.S. corporate earnings should top forecasts again in the first quarter, but the extent of the stock market's rally means investors are expecting a lot from companies.
Wall St gains with energy sector, inventory data
Energy shares buoyed U.S. stocks on Friday as Chevron Corp's upbeat outlook gave a boost to the sector, while wholesale inventories data supported bets on an improving economy.
Wholesale inventories rise in Feb, brighten GDP
U.S. wholesale inventories rose more than expected in February and sales at wholesalers reached their highest level since October 2008, brightening prospects for first-quarter economic growth.
IMF schedules Iceland loan review for April 16
After months of delays, the International Monetary Fund has reached agreement on a second review of Iceland's IMF loan program and tentatively scheduled a meeting of its board for April 16 to consider the issue.
Casey's rejects Couche-Tard's $36 a share bid
Casey's General Stores rejected a hostile bid from Alimentation Couche-Tard on Friday, claiming the Canadian company was trying to buy U.S. firms on the cheap.
Energy shares, data lift Wall Street
Energy shares drove U.S. stocks higher on Friday as an upbeat outlook from Chevron Corp gave a boost to the sector and U.S. wholesale inventories data supported bets on an improving economy.
Constellation Brands outlook weak; shares dip
Constellation Brands Inc forecast full-year results below Wall Street estimates, reflecting its concerns about lackluster consumer spending on its alcoholic drinks and a frayed joint venture with Mexico's Grupo Modelo, sending shares down 4.6 percent.
Aetna halting Medicare enrollment over sanctions
Aetna Inc is suspending marketing to and enrollment of new members to its Medicare plans for the elderly because of sanctions imposed by the U.S. government, the health insurer said on Friday.
