‘Finance’ Articles
Oil price probe widens, senator wants Justice Department help
LONDON/WASHINGTON (Reuters) - A European probe into possible oil price manipulation expanded with the investigation of a small niche trading house in the Netherlands, while a key U.S. senator on Friday called for the Justice Department to join the investigation.
Unemployment rates drop in most states, Illinois climbs
WASHINGTON (Reuters) - Unemployment rates dropped in 43 out of the 50 U.S. states and in the District of Columbia in April from a year before, according to Labor Department data released on Friday.
SAC Capital won’t fully cooperate with government: letter
NEW YORK (Reuters) - Steven A. Cohen's hedge fund SAC Capital Advisors told investors on Friday it would no longer cooperate "unconditionally" with the U.S. government's insider trading investigation.
Dow, S&P end at records, stocks mark fourth week of gains
NEW YORK (Reuters) - Stocks continued their climb into uncharted territory on Friday, racking up the fourth week of gains in a row as encouraging economic data prompted investors to pick up shares of growth companies.
Transocean chairman voted out, Icahn dividend plan rejected
ZUG, Switzerland (Reuters) - Transocean Ltd shareholders voted out Chairman Michael Talbert at the annual meeting on Friday and backed a nominee of activist investor Carl Icahn to replace him on the board of the world's largest offshore drilling contractor.
China deal ends distraction, but not questions, for Caterpillar
CHICAGO (Reuters) - Caterpillar Inc's deal to cut the purchase price of a Chinese mining-equipment maker it bought last year ends an embarrassing episode that overshadowed the company's effort to expand in China and distracted its executives for months.
Exclusive: Onex fails to find buyer for Carestream Health
NEW YORK (Reuters) - Onex Corp has called off its auction of medical imaging firm Carestream Health Inc after failing to find a buyer that was willing to meet its price expectation of as much as $3.5 billion, three people familiar with the matter said this week.
Tesoro wins antitrust OK to buy California BP refinery
WASHINGTON/HOUSTON (Reuters) - Refiner Tesoro Corp. has received formal approval from antitrust regulators in Washington and Sacramento on Friday to buy BP Plc's refinery and other assets in southern California for more than $2 billion.
