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Judge tosses lawsuits against BP over drilling ban
In a decision that likely saves oil company BP billions of dollars, a federal district judge has dismissed hundreds of claims for losses because the government shut down deepwater drilling after BP’s...
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ECB effect: Dow, S&P 500 flat as Nasdaq slips 0.3%
U.S. stocks gave up early gains Thursday as investors digested an array of fresh stimulus measures from the European Central Bank designed to combat weak growth and low inflation but questioned whether...
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Nasdaq to acquire options exchange operator ISE for $1.1B
Nasdaq (NDAQ) has agreed to a $1.1 billion acquisition of International Securities Exchange, the Deutsche Börse Group-owned operator of three electronic options exchanges, the U.S. financial trading...
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Iran slowly increasing its oil market share
Iran is expected to raise the April Official Selling Price (OSP) of its flagship light crude oil to Asia to 25 cents above the Saudi’s similarly graded Arab light. This is the highest premium since...
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2016′s winner might shock you
Wall Street appears to have regained its mojo, with stocks in one month going from the brink of a bear market to their highest point this year. But that’s not where the real action is. Oil, which had...
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Deutsche Bank cuts bonuses 17%, cites ‘challenging’ times
Deutsche Bank cut bonuses 17% last year, citing a “challenging” 2015. The bank also warned that 2016 is off to a rocky start due to continued financial volatility. The German bank said its bonus pool...
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Apple-FBI duel is playing big at SXSW
From President Obama’s answer to a question on the topic following his keynote speech Friday, to an excoriated rebuke from U.S. Rep. Darrell Issa (R-Calif.) today, the privacy-vs.-national security...
View ArticleChina takes control of global silver prices
China has been an unofficial price-setter for most metals over the past decade. And this week, the country became an official participant in setting prices for one of the world’s most important...
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Hotel battle heats up: China’s Anbang raises offer for Starwood to $13.9B
The jockeying for Starwood Hotels & Resorts Worldwide continues. A group of investors, led by Chinese insurer Anbang, has raised its offer to buy the hotel operator to about $13.9 billion — or...
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Is Microsoft in the Yahoo bidding hunt?
Microsoft (MSFT) is in preliminary talks with private equity firms about helping finance a bid to buy embattled Internet company Yahoo (YHOO), according to media reports. Private equity executives...
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Stock headwinds persist despite rebound from tough start
A quick glance at the year-to-date performance of the Dow (+0.5%) and S&P 500 (-0.4%) camouflages what had been the worst-ever start to a year for stocks. But with Wall Street’s first-quarter...
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Stocks close slightly higher; Dow, S&P up 0.1%
Wall Street kicked off the new week with very modest gains as investors brace for a slew of economic reports, including a key jobs report Friday, that could shed fresh light on the health of the...
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Amazon Echo turns into a sleeper hit, offsetting Fire’s failure
The Amazon Echo is turning out to be a sleeper hit. The stand-alone, voice-activated digital assistant is on back order, it was cited when premium speaker maker Sonos announced layoffs and it appears...
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Workers, firms differ on $15 minimum wage
A plan to increase California’s minimum wage to $15 an hour by 2022 has opened the biggest fault lines yet between advocates of higher pay and critics who say it kills jobs and raises prices for...
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FBI hacks into terrorist’s iPhone without Apple
Although the government officially withdrew from its battle against Apple Monday, many observers sense the tech privacy war is just getting started. “This lawsuit may be over, but the Constitutional...
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Consumer spending posts scant Feb. increase, personal income growth slows
U.S. consumer spending posted a tiny gain for the third straight month in February while income growth slowed sharply. Consumer spending edged up 0.1% in February, matching similar lackluster gains in...
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Yellen’s speech in New York pulls stocks out of early dive
The Dow Jones industrial average and Standard & Poor’s 500 index both closed at 2016 highs Tuesday after Federal Reserve Chair Janet Yellen pulled stocks out of an early slump when she said the...
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SunEdison shares tumble 55% on bankruptcy filing fears
Shares of renewable power firm SunEdison plummeted 55% Tuesday as it teetered on the edge of bankruptcy amid slumping oil prices and swirling questions over the company’s accounting practices....
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Yellen: Fed to move ‘cautiously’ on rate hikes
Federal Reserve Chair Janet Yellen said Tuesday the central bank will move cautiously as it weighs interest rate hikes in light of a weak global economy and stubbornly low inflation, raising questions...
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Stocks close slightly higher; Dow, S&P up 0.1%
Wall Street kicked off the new week with very modest gains as investors brace for a slew of economic reports, including a key jobs report Friday, that could shed fresh light on the health of the...
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