A recent Barron's article predicted that oil prices could top $150 next year and if this becomes true it could wreak havoc on the global economy with a devastating impact.
Governor Brian Schweitzer vowed to cling to Exxon Mobil to get the company clean up the oil spill over the weekend that fouled the Yellowstone River in Montana.
An ExxonMobil pipeline in Montana State ruptured late Friday, which spilled hundreds of barrels of crude oil into the famed Yellowstone River, prompting evacuations of nearby residents.
A pipeline operated by Exxon Mobil Corp in Montana state ruptured late Friday, dumping as many as 1,000 barrels of crude oil into the Yellowstone River over the weekend.
International Business Machines (IBM) has edged past old rival Microsoft Corp in market value for the first time since April 1996.
Stocks rallied broadly today supported by a surge in commodity prices.
U.S. stocks dropped sharply (wiping out this week’s advances) in tandem with plunging commodity prices
There are many people who think the Fukushima nuclear crisis has signaled the demise of the nuclear power industry, or at least that it will soon run into a ditch. But certain facts speak otherwise. Rising scepticism about the industry's future, especially in Europe, notwithstanding, the nuclear power sector is more likely to thrive than not.
U.S. stocks fell in early trade on Tuesday as Alcoa sales missed estimates and energy stocks declined as oil prices plunged more than 2 percent.
Here is a list of top ten largest U.S. companies by market capitalization.
U.S. stocks ended higher on Friday led by gains from oil refiners after the earthquake disrupted Japan's refining capacity and equipment makers advanced on expectations for increased demand from rebuilding efforts.
U.S. stocks ended higher on Friday led by gains from Oil refiners after the earthquake disrupted Japan's refining capacity and and equipment makers advanced on expectations for increased demand from rebuilding efforts.
U.S. stocks plummeted on a slew of troubling developments, including a surprising trade deficit in China, a downgrade of Spain’s debt, along with fears over the impact on oil price by pervasive unrest in the Middle East and North Africa.
China wants to elbow U.S. oil giant Exxon Mobil (XOM.N) out of a $15 billion liquefied natural gas (LNG) project in Papua New Guinea, U.S. Secretary of State Hillary Clinton said on Wednesday in an example of the new competition Beijing presents to U.S. interests.
The Nigerian naira weakened further against the U.S. dollar on the interbank market on Wednesday as strong demand for the greenback persisted in the face of static supply, traders said.
Stocks sank for a second consecutive day in tandem with oil prices surging to 28-month highs as continued turmoil and violence in Libya shatters traders nerves.
The Dow Jones Industrial Average and S&P 500 finished above 12,000 and 1,300 points, resepctively, for the first time since mid-2008.
U.S. stocks, led by Pfizer and Bank of America, surge.
Exxon, IBM, Alcoa lead strong day for U.S. stocks
U.S> stocks, led by AMD and Exxon Mobil, are up slightly today
U.S. stocks rose on Monday on strong earnings and merger activity, overshadowing concerns about the possible spread of unrest in Egypt which had caused a sharp selloff in world stocks on Friday.
Dow Jones Index was up 21.99 points, or 0.19 percent, to 11,845.69 and the S&P 500 index rose 4.54 points, or 0.36 percent, to trade at 1,280.88. Meanwhile, Nasdaq gained 0.39 points, or 0.01 percent, to 2,687.28.
