The price of oil will finish 2011 about 8 percent higher, after concerns about tighter global supplies dominated energy markets throughout the year.
Benchmark crude, which on Friday fell 30 cents to $99.35 per barrel in New York, started the year at $91.38 per barrel. Prices surged in February as unrest in Libya cut off 1.5 [...]
By Ga-Woon Philip Vahn Of DOW JONES NEWSWIRES
SINGAPORE (Dow Jones)–Crude-oil futures edged higher in Asia Friday, as positive U.S. economic data boosted risk sentiment, but gains were limited as investors refrained from making aggressive bets on the last trading session in 2011.
On the New York Mercantile Exchange, light, sweet [...]
Mitt Romney has now jumped to his biggest lead ever over President Obama in a hypothetical Election 2012 matchup. It’s also the biggest lead a named Republican candidate has held over the incumbent in Rasmussen Reports surveying to date.
The U.S. strongly warned Iran on Wednesday against closing a vital Persian Gulf waterway that carries one-sixth of the world’s oil supply, after Iran threatened to choke off traffic through the Strait of Hormuz if Washington imposes sanctions targeting the country’s crude exports.
The increasingly heated exchange raises new tensions in a standoff that has the [...]
The declaration by Iran’s first vice president, Mohammad-Reza Rahimi, came as President Obama prepares to sign legislation that, if fully implemented, could substantially reduce Iran’s oil revenue in a bid to deter it from pursuing a nuclear weapons program.
Prior to the latest move, [...]
Democratic Senator Ben Nelson of Nebraska announced today he won’t seek re-election next year, a retirement hurting his party’s bid to keep its majority in the chamber.
“It is time to move on,” Nelson, 70, said in a statement posted on his Senate website. He said he’s looking for “new [...]
Iran issued a blunt warning on Tuesday that it would block the Strait of Hormuz, the world’s most important oil transit point, if Western powers attempt to impose an embargo on Iranian petroleum exports in their campaign to isolate the country over its suspect nuclear energy program. [...]
(Reuters) – Sears Holdings Corp will close up to 120 stores in its Kmart and namesake chains, blaming poor sales of consumer electronics so far this holiday season and saying it would focus its energy on its better performing stores.
Sales at [...]
Drew Brees Passes Dan Marino, And Tom Brady Probably Will, Too
Dec 27 8:01a by Matt Watson
Read More: Tom Brady (QB – NEP), Drew Brees (QB – NOS), Atlanta Falcons, New Orleans Saints, New England Patriots
Drew Brees broke Dan Marino’s [...]
A growing number of shoppers apparently need only the briefest of breaks before diving back in, especially if they can log in to shop.
IBM found that online shopping jumped 16.4 percent on Christmas Day over last year, and the dollar amount of those purchases that were made using mobile devices leaped 172.9 percent.
IBM tracks shopping [...]
Dec 26 – Retailers were bracing for a busy day on Monday, as a day off for many Americans and warm, dry weather were expected to entice shoppers looking for discounts.
Many chains were still relying on the lure of bargains to bring in shoppers on the day after Christmas. Office Depot advertised its ‘Ultimate After [...]
(Reuters) – Islamist militants set off bombs across Nigeria on Christmas Day – three targeting churches including one that killed at least 27 people – raising fears that they are trying to ignite sectarian civil war.
An Afghan official says at least 20 people were killed and 50 wounded in a suicide attack Sunday in northern Afghanistan.