Higher Oil Prices Help Exxon Top Forecasts
The oil giant’s second-quarter income nearly doubled as oil prices and margins to process crude into fuel rebounded.
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Spotted by: Deniz |
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Business
Top Stories
Siemens Posts $1.9 Billion Quarterly Profit
Siemens, a bellwether for the global and German economies, said Thursday that profit rose 9 percent as a weaker euro and strong growth in emerging markets offset declines in...
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Spotted by: Rachel |
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Editor's Picks
Why Robert Dudley's BP Could Be Even Riskier
The embattled oil giant's first American CEO embraces a high-risk survival plan.
Electric cars like Chevy's new Volt are too expensive today, but they won't be for long.
General Motors has announced that the bottom-end version of the Chevy Volt, its new electric car, will cost $41,000. Even after a generous federal rebate, it's still pricey. In 2008, median household...
Porsche’s $650,000 Spyder Supercar Wins Production Approval
Porsche AG’s supervisory board approved production of the 918 Spyder hybrid sports car, a model that soars to 100 kilometers an hour in 3.2 seconds and may top the Carrera GT as the manufacturer’s...
ABC Entertainment chief extends vacation after learning company was seeking replacement
ABC entertainment chief Steve McPherson decided to extend his vacation -- permanently -- when he learned that parent Walt Disney Co. was quietly searching for his replacement.
Amazon rolls out smaller, lighter, WiFi-only Kindle
There's a new Kindle in town: two colors, high-contrast e-ink screen, redesigned button layout, and even a WiFi-only version. Oh, and the WiFi-only version is $139. Amazon's going for the masses with...
Stocks fall on economic fears
Stocks fell today as a worse-than-expected report on durable goods orders and weaker quarterly results from Boeing and others added to concerns about the pace of the economic recovery. The Dow Jones...
RIM stock jumps as market eyes revamped BlackBerry
Shares of Research In Motion jumped on Wednesday on speculation it would unveil a new touchscreen BlackBerry that could compete more effectively with Apple Inc's iPhone...
Sprint sees sales slip as subscribers rise
For the quarter ended June 30, Sprint added 111,000 new wireless subscribers. However, the company also reported a net loss of $760 million, compared with a loss of $384 million in the year-ago...
Who's Set To Profit From The BP Oil Spill? The Gulf Coast 'Spillionaires'
In 1989, when the Exxon Valdez tanker spewed 11 million gallons of oil onto the Alaskan coastline, the state was deep in the throes of a recession. To repair the damage, Exxon paid hundreds of...
LinkedIn: Now Worth More Than $2 Billion
A new report suggests that LinkedIn’s value has surpassed the $2 billion mark, based on recent investments from outside investors.
According to Bloomberg, hedge fund Tiger Global...
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