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BP Moves Forward With Plans for Oil Well

Sat, 09/04/2010 - 4:22pm
BP has placed a new blowout preventer at the top of the well that unleashed the Deepwater Horizon oil spill, and it is moving forward with a procedure to bring about its final demise.
Categories: Investment News

Why God Did Not Create the Universe

Sat, 09/04/2010 - 3:49pm
There is a sound scientific explanation for the making of our world—no gods required. An excerpt from the new book by Stephen Hawking and Leonard Mlodinow.
Categories: Investment News

Tony Blair Takes on the World

Sat, 09/04/2010 - 3:28pm
In an excerpt from his memoirs, Blair argues the West has become too imbued with doubt and lacking in mission.
Categories: Investment News

Chaplain and Atheist Go to War

Sat, 09/04/2010 - 3:20pm
Navy Chaplain Terry Moran has an assistant, Philip Chute, who doesn't believe in God. On patrol in Afghanistan, they debate some of life's weightiest questions.
Categories: Investment News

Kremlin to Nominate Rosneft CEO

Sat, 09/04/2010 - 1:40pm
The Russian state will nominate Rosneft's first deputy President Eduard Khudaynatov to head the company, a spokesman for Russian President Dmitri Medvedev said.
Categories: Investment News

Jobs Data Provide Hope

Sat, 09/04/2010 - 12:08pm
The U.S. economy lost jobs for the third month in a row in August, but modest hiring by the private sector eased concerns of a double-tip recession.
Categories: Investment News

Politicians Pitch on YouTube

Sat, 09/04/2010 - 12:04pm
Loopy online videos have become a hallmark of this midterm election, as candidates desperate for attention open themselves to ridicule with Internet ads.
Categories: Investment News

Korea Finance to Issue Dollar Bonds

Sat, 09/04/2010 - 6:01am
Policy-funding firm Korea Finance plans to raise $750 million through U.S. dollar-denominated bonds sometime this year.
Categories: Investment News

Stocks Snap 3-Week Skid

Sat, 09/04/2010 - 4:23am
The Dow Jones Industrial Average finished up 127.83 points, or 1.24%, to 10447.93, putting the Dow up 2.9% on the week—its first positive weekly showing since the beginning of August.
Categories: Investment News

China Set on Lowering Property Prices

Fri, 09/03/2010 - 11:19pm
The Chinese government remains committed to forcing down housing prices, despite worries about a weak global economy and complaints from property developers.
Categories: Investment News

Cuomo Probes Cards' School Ties

Fri, 09/03/2010 - 9:11pm
New York State Attorney General Andrew Cuomo announced a statewide investigation of credit-card companies marketing to college students through schools.
Categories: Investment News

Libor Falls as Banks Sit on Cash

Fri, 09/03/2010 - 8:52pm
A key interest rate on short-term loans between banks is at its lowest level in five months, but the decline may be more a sign of bank caution than an all-clear for the financial markets.
Categories: Investment News

Goldman to Close Prop-Trading Unit

Fri, 09/03/2010 - 8:50pm
Goldman Sachs has decided to close its principal-strategies unit, which does its proprietary trading, in the wake of financial-overhaul regulation passed by Congress.
Categories: Investment News

Petrobras Seeks $65 Billion From Sale

Fri, 09/03/2010 - 8:05pm
Brazil's state-run energy company Petrobras launched the world's largest-ever sale of shares to finance a $224 billion, five-year investment program.
Categories: Investment News

Oil Remains King at Cajun Festival

Fri, 09/03/2010 - 8:01pm
In Cajun country, where families have been sustained by the bounties of the Gulf of Mexico for generations, you won't find much resentment against the offshore oil industry.
Categories: Investment News

After Labor Day, the Deluge

Fri, 09/03/2010 - 7:29pm
Corporate bond markets are preparing for a hectic week and month amid ripe conditions for companies to issue debt.
Categories: Investment News

Asia Looks to Tame Currencies

Fri, 09/03/2010 - 7:25pm
Singapore intervened in the foreign-exchange market and Korea resumed its intervention after a two-week break, while Japan has signaled it is weighing entering the market for the first time in six years.
Categories: Investment News

Seven Careers in a Lifetime? Think Twice

Fri, 09/03/2010 - 7:24pm
A belief that Americans will average seven careers over their lifetimes has gained traction despite little evidence, say researchers. While job changes are common, the notion of multiple major career changes seems implausible.
Categories: Investment News

Roche Launches Cost-Cutting Plan

Fri, 09/03/2010 - 7:21pm
Faced with austerity programs and health-care reforms around the world, Roche launched a cost-cutting plan that may include job reductions and a revamp of its research-and-development business
Categories: Investment News

Enron's Skilling Denied Bail

Fri, 09/03/2010 - 6:57pm
A federal appellate court judge turned down former Enron President Jeffrey Skilling's request for bail pending the continuing judicial review of his 2006 conspiracy and fraud conviction.
Categories: Investment News