Of paramount concern is the fact that oil prices have jumped so high with the global economy in such doldrums. That means if the economy gets moving, oil prices will only go higher. And if the U.S. economy continues to slowly and steadily improve as it has recently, demand will slowly and steadily increase.
David Magee
Dec 07, 2011
To hear it from one side, private equity and hedge fund managers are under a veritable siege: under attack from politicians, regulators, an ornery market and uneasy clients. But the hedge fund managers themselves seem to be saying all is good in Greenwich.
Eleazar David Meléndez
Dec 07, 2011
Model and fashion blogger Lauren Scruggs, 23, is responsive and making a slow recovery after suffering severe injuries to her face, shoulder and left hand caused by accidentally walking into a small airplane propeller. Aviation Consultant John Nance thinks, Kurt Richmond, the pilot may have been at fault.
Julia Greenberg
Dec 07, 2011
Southern Mississippi coach Larry Fedora has agreed to become North Carolina's next football coach, according to a report.
John Talty
Dec 07, 2011
Andrew Embiricos, grandson of Hollywood screen legend Rita Hayworth, was found dead in his New York City apartment Sunday in what police called an apparent suicide. However, his mother and friends doubt suicide.
Nadine DeNinno
Dec 07, 2011
A petition has been signed by art historians to prevent the drilling of holes into a fresco in Florence's Palazzo Vecchio. The fresco may contain artwork by acclaimed Italian Renaissance polymath, Leonardo Da Vinci.
Monami Thakur
Dec 07, 2011
New York State's Medicaid Redesign Team (MRT) recently published its final recommendations to the New York State Dept. of Health, proposing a model that would fully integrate Medicaid and Medicare services for those eligible for both programs (dual eligibility).
Manikandan Raman
Dec 07, 2011
Citigroup Inc. (NYSE:C), which announced Tuesday that it would cut about 4,500 jobs, could get faster regulatory capital than other banks, according to a Wall Street analyst.
Manikandan Raman
Dec 07, 2011
The long shadow of Occupy Wall Street fell across the New York Legislature Tuesday, when its leaders and Gov. Andrew Cuomo agreed to changes to New York State's income tax, which will cut rates for many in the middle class, while adding a new bracket for those making over $2 million a year. And we, the middle class, owe that rag-tag group of small-d democrats our gratitude.
Tom Dworetzky
Dec 07, 2011
The long shadow of Occupy Wall Street fell across the New York Legislature Tuesday, when its leaders and Gov. Andrew Cuomo agreed to changes to New York State's income tax, which will cut rates for many in the middle class, while adding a new bracket for those making over $2 million a year. And we, the middle class, owe that rag-tag group of small-d democrats our gratitude.
Tom Dworetzky
Dec 07, 2011
Crude oil prices gained in European trade on Wednesday, following hopes that European leaders will approve aggressive plans for tackling the region's debt crisis at Friday's European Union (EU) summit.
Satya Nagendra Padala
Dec 07, 2011
Hollywood actress Angelina Jolie slipped into what is supposedly her favorite color - black - at the screening of her directorial debut, In the Land of Blood and Honey, in New York on Dec, 5.
Sanskrity Sinha
Dec 07, 2011
Actor Alec Baldwin was involved in a dispute with an American Airlines flight attendant on Tuesday and asked to disembark an airplane because he was playing a smart-phone word game before departure.
IBT Staff Reporter
Dec 06, 2011
Citigroup Inc. (C) Chief Executive Vikram Pandit said the bank will eliminate 4,500 jobs "over the next few quarters" in an effort to reduce costs, The Associated Press reported.
Moran Zhang
Dec 06, 2011
Occupy Wall Street protesters joined elected officials and community organizations on Tuesday in a march intended to highlight the human toll of the housing crash in East New York, culminating in placing a recently evicted family in a foreclosed upon home.
Jeremy White
Dec 06, 2011
Amazon.com Inc is known as the world's largest online retailer, but the company is aggressively expanding in online advertising, putting it on course for a clash with Google Inc, the leader in the space.
keep for now
Dec 06, 2011
Data is the lifeblood of all online marketing. Few people understand that better than Signpost CEO Stuart Wall, a man once knee-deep in the data-driven world of finance. Wall, who'd spent two years crunching numbers at Bain & Co., ditched his unglamorous gig as an analyst to start his own business. He now sits at the helm of the city's hottest advertising startup, Signpost.
Michael Nunez
Dec 06, 2011
The MTA has resumed operations on the Second Avenue subway project Monday evening. After taking two weeks off of the project, because residents complained about the noise, dust and odors that the construction produces.
Michael Billera
Dec 06, 2011
The company will partner with New York-based ProPublica, the Chicago Reporter, Philadelphia-based WHYY Radio and Los Angeles-based KPCC Radio.
IBT Staff Reporter
Dec 06, 2011
Last year saw a record number of discarded votes in New York elections--60,000 in total. The main culprit, apparently, was poorly designed ballots that let people vote for more than one candidate in a contest, according to a New York University study..
Tom Dworetzky
Dec 06, 2011
Sen. Chuck Schumer, D-N.Y., said Tuesday that the GOP filibuster of President Barack Obama's pick to the influential D.C. Circuit Court of Appeals would violate the bipartisan 2005 agreement limiting judicial filibusters among the Gang of 14 senators.
Dan Rivoli
Dec 06, 2011
Heisman Trophy runner-up Andrew Luck will be hoping to go one better after the Stanford quarterback was shortlisted again for college football's highest individual award.
Wendy Li
Dec 06, 2011
