HOUSTON (AP) - The number of rigs actively exploring for oil and natural gas in the U.S. dropped this week by two to 1,835.
Texas-based oilfield services company Baker Hughes Inc. reported Friday that 1,411 rigs were exploring for oil and 422 were searching for gas. Two were listed as miscellaneous
NEW YORK (AP) - Best Buy said Friday that it has authorized its store staffers to match online prices of competitors in some cases, as it ramps up for the all-important holiday season.
Best Buy and others already offer price-matching guarantees for local competitors' brick-and-mortar stores.
By CHRISTINA REXRODEAP Business Writer
NEW YORK (AP) - Jamie Dimon, the CEO of JPMorgan Chase, is known as much for his swagger as for his banking savvy. Friday, when his bank reported triumphant results for the third quarter, was no exception.
Speaking to reporters and later to analysts, he
NEW YORK (AP) - Shares of Sears Holdings Corp.'s spinoff of its Hometown and Outlet Stores are rising on their debut trading day.
The Hoffman Estates, Ill., company, which runs Kmart and Sears stores, had signaled in February that it would split off Sears Hometown and Outlet Stores Inc. as a
By The Associated Press
Stock indexes are turning lower on Wall Street, putting the market on track for its worst week since early June.
Bank and energy stocks led the way lower. The Dow Jones industrial average was off 14 points at 13,311 shortly before midday Friday, giving up an earlier gain
By The Associated Press
Diamondback Energy Inc.'s shares are rising its first day of trading as a public company.
The Midland, Texas, company, which develops oil and natural gas reserves in Texas, raised $218.8 million in its initial public stock offering, selling 12.5 million shares for $
NEW YORK (AP) - Shares of chipmaker Advanced Micro Devices Inc. hit a multi-year low Friday after it warned that sales in the latest quarter were well below its forecast.
THE SPARK: Late Thursday, AMD said third-quarter revenue will fall about 10 percent from the second quarter because of the
By SANDY SHOREAP Business Writer
The price of oil fell Friday on concerns that growth in global crude demand will slow even as more petroleum becomes available.
Benchmark oil fell 21 cents Friday to $91.86 per barrel in New York.
On Friday, the International Energy Agency issued a new report
ATHENS, Greece (AP) - Greece is inching towards an agreement with its international debt inspectors as they struggle to hammer out the details of €13.5 billion ($17.5 billion) in austerity measures for the next two years, a package essential for Greece to receive the next installment of its vital
MADRID (AP) - Spanish telecommunications company Telefonica has agreed to sell its call center business Atento to private equity group Bain Capital for €1 billion ($1.3 billion) to lower debt.
Telefonica SA is trying to reduce its debts worth €58 billion ($75.2 billion) through the sale of non-