Stocks rose on Friday, led by gains in energy shares after Japan’s biggest earthquake on record hurt the country’s oil refining capacity, but trade was choppy as investors tried to weigh the quake’s economic impact. The 8.9 magnitude quake that struck the northeast coast of Japan, the world’s third largest economy, triggered...
Stocks were headed for their best week in nine on Friday as the market defied calls for a pullback despite signs of rotation into defensive and lagging sectors that could intensify in coming weeks. Signs of improvement in the economy and strong corporate earnings have propelled stock prices but tapering volume, meager gains and declining numbers of...
U.S. stocks were set for a higher open on Monday as merger activity and solid earnings, including Exxon Mobil, overshadowed concerns about the possible spread of unrest in Egypt to other parts of the Middle East. Alpha Natural Resources said on Saturday it agreed to a $7.1 billion deal to buy Massey Energy Co, which would create the second largest...
Chevron Corp’s 72 percent rise in quarterly profit easily beat Wall Street forecasts, but anemic growth in its oil reserves disappointed investors and its shares fell 1.5 percent. Like smaller rivals ConocoPhillips and Occidental Petroleum Corp, earnings at the second-largest U.S. oil company were lifted by the strength of oil prices. But Chevron...
Alpha Natural Resources is close to a $7 billion deal to buy Massey Energy Co, which was rocked by a deadly coal mining accident last year, sources familiar with the matter said on Friday. One of the sources said Massey shareholders will receive slightly more than one Alpha share for each Massey share in addition to $10 per share in cash, for a value...
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Broadwind Energy, Inc., a leading producer of components, logistics and service for the wind power industry, today announced it has retained Lambert, Edwards & Associates, Inc. (LE&A) to manage its investor relations activities. Naperville, Ill. – based Broadwind Energy said LE&A will help the Company communicate its emerging growth...
The Discover® Small Business WatchSM dropped for the second straight month as news of a congressional rescue plan failed to lift the spirits or expectations of the nation’s 22 million small business owners. The index slipped 3.2 points in October to 71.4, the lowest confidence rating since the Watch was established in August 2006. “Faced with a...
BlueFire Ethanol Fuels, Inc., a company changing the world’s transportation fuel paradigm through the production of ethanol from non-food cellulosic wastes, has been invited to present at the Renewable Energy Finance Forum-West (REFF-West) being held at the Grand Hyatt Hotel in Seattle on October 27-28, 2008. BlueFire Ethanol CFO, Christopher Scott,...
On November 13 and 14, Gulf Publishing Company will host over 1,000 businesswomen, executives and industry leaders from top energy companies worldwide for the Fourth Annual Women’s Global Leadership Conference in Energy & Technology at the Westin Galleria in Houston. This two-day event is devoted exclusively to providing a forum for women...