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How Citigroup Makes Hay in the Oil Market
Recent oil price swings reflect artificial storage constraints. Weird, yes, but also wildly profitable for some
Time

U.S. Pending Home Sales Soar Above Expectations in December
(CEP News) - Today's pending home sales report showed U.S. homebuyers are being enticed by bargain basement prices on foreclosed homes.
Economic News

Peat Resources Update
TORONTO, ONTARIO--(Marketwire - Feb. 3, 2009) - Peat Resources Limited (TSX VENTURE:PET) is pleased to provide an update of its activities in 2008 and its plans for the coming year. The Company begins the New Year with a positive financial balance, no debt, and a budget designed to continue operations through 2009.Peat Resources Limited was formed to develop, produce and market peat fuel - a sustainable bioenergy resource. Volatile energy prices, increased sensitivity to environmental issues, and the Canadian federal and provincial governments' energy policies, including a commitment by the province of Ontario to eliminate the burning of coal for power generation, have enhanced opportunities for the use of peat fuel in electricity generating stations and other facilities that require an assured supply of economically competitive and environmentally favourable fuel. The Company is focusing its efforts on peat fuel developments in both Ontario and Newfoundland.
Marketwire

BP falls to $3.3 billion loss in Q4
LONDON (AP) - BP PLC, the second-largest European oil company, said Tuesday it swung to a steep loss of $3.3 billion during the fourth quarter of 2008 as sliding oil prices hit revenues hard.
AOL

Dow Chemical slips to loss in Q4 - update 2
Diversified chemical firm The Dow Chemical Co Tuesday reported a loss for the fourth quarter, compared with a profit last year, hurt by charges, sharp declines in sales and volumes as well as lower prices, reflecting the global economic downturn.
RTT News

Dividends you can count on
In boom times, slow-and-steady stocks that pay dividends will always pale next to high-octane growth shares. But when the market dives, getting paid something - anything - to wait out the downturn becomes an increasingly attractive proposition, especially since yields look more generous as share prices fall.
CNN

Mobile carriers may have to cut termination charges
LONDON (Reuters) - Vodafone , T-Mobile, Orange , O2 and H3G may have to cut the price they charge to connect incoming calls to their networks, the Competition Commission has said.
reuters.com

Pending home sales rise in December
Plunging home prices and low mortgage rates pushed homebuying activity higher in December, according to a regular industry report released on Tuesday.
CNN Money

BP Chief: Consider NOC Partners
Western oil majors might do better to partner with national oil companies in resource-rich nations than to merge with each other the way they did the last time oil prices collapsed, the head of BP said.
Wall Street Journal

Anixter profit slides in fiscal 4th quarter
GLENVIEW, Ill. (AP) - Anixter International Inc., a distributor of fasteners and electrical and electronic wire and cable, said Tuesday its profit fell in its fiscal fourth quarter, weighed down by deteriorating economic conditions, falling commodity prices, bad debt losses and other factors.
AOL

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Archived "business - gold prices" news stories.

Available news archives.

November 2009
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