Last month, EIA published its semiannual report on the possible impacts of refinery outages on gasoline and diesel fuel markets for March through June 2010. The report focuses on gasoline because U.S. gasoline consumption typically increases during these months. Historically, large gasoline price increases can occur during the spring and early summer and refinery outages have sometimes played a role in those increases. The same outage during a tight market can have a more significant effect tha...
General Electric Co believes that investment by businesses, rather than consumer spending, will drive the U.S. economy out of its worst downturn since the Great Depression, its top executive said on Wednesday.
Australia has been warned by a leading international cancer expert that it is on a cancer collision course, with a great increase in cancer cases predicted within the next 20 years unless action is taken to curb the obesity epidemic.
General Electric Co is returning to good, solid earnings growth and plans to raise its dividend at least by 2011, chief executive Jeff Immelt told investors on Wednesday.
Wall Street erased most gains on Wednesday after Spain's rating was downgraded as investors awaited Federal Reserve comments at the end of a two-day policy meeting.
Web company Yahoo said services that allow consumers to find local information based on the location of their mobile phone were very interesting but would not comment on reports it may buy industry player Foursquare.
Major lodging companies Wyndham Worldwide Corp and Host Hotels & Resorts Inc lifted their 2010 outlooks on Wednesday on further signs that the industry is able to command higher room rates and boost occupancy.
Global wheat prices are expected to remain unchanged for the time being as the prices already touched at the bottom level, said an Industrial official. Global wheat prices are unlikely to fall further for the next three months as at present prices are close to multi-year lows, Chris Vanhonacker, Commercial Director of Rias Trading was quoted by Dow Jones Newswires.
Home buyer tax credits have been a boon to the U.S. housing market, but their expiration this week is unlikely to deter home purchasing activity as consumers grow more confident, according to a survey released on Wednesday.
U.S. mortgage applications fell last week as a drop in home refinancing volume outweighed the highest demand for home purchase loans in six months, data from an industry group showed on Wednesday.
Dow Chemical Co posted a much better-than-expected first-quarter profit on Wednesday as higher pricing and volume pushed revenue up around the globe, and its shares rose nearly 3 percent.
The Federal Reserve on Wednesday resumed a two-day meeting where it is expected to repeat a vow to keep interest rates at rock bottom levels for an extended period while acknowledging the U.S. economic recovery is getting stronger.
Sprint Nextel , the No. 3 US mobile service, posted a quarterly loss that was in line with expectations as customer losses slowed from the same quarter the year before.
U.S. stocks rose on Wednesday, recovering from a steep sell-off in the previous session, as details emerged about an aid package for Greece that could calm fears over a possible sovereign debt default.
(Reuters) - WellPoint Inc said that as of May 1 it would expedite healthcare reforms and stop dropping healthcare coverage for customers after they get sick, responding to pressure from Democrats in Congress and the Obama administration.
(Reuters) - Americans are steadily losing confidence in their ability to get healthcare and pay for it, despite the passage of healthcare reform legislation, according to a survey published on Wednesday.
Sprint Nextel posted a wider quarterly loss on Wednesday as it took a hefty tax-related charge and valuable customers continued to flee, and its shares fell nearly 5 percent.
Comcast Corp , the No. 1 U.S. cable operator, posted higher-than-expected quarterly profit on Wednesday, as it added Internet and phone subscribers.
U.S. stock index futures rose on Wednesday, following a steep sell-off in the previous session, as investors awaited the Federal Reserve's interest rate decision and a statement on the economy.
Australian takeover target Macarthur Coal left the door open on Wednesday to pursue a new bid for smaller rival Gloucester Coal , while awaiting a formal offer from its U.S. suitor.
Health insurer WellPoint Inc posted a better-than-expected first-quarter profit on Wednesday, as the company spent less premium revenue on medical costs and reported improvement in its Medicaid plans for low-income Americans.
U.S. stock index futures rose modestly on Wednesday, following a steep sell-off in the previous session, as investors awaited the Federal Reserve's interest rate decision and a statement on the economy.
