U.S. Oil Demand Slumps to Near 4-Year Low in July
The weak economy continued to weigh on consumption and pulled down crude oil demand last month.
Strategic Hotels to Buy Jumeirah Essex House for $362 Million
Strategic Hotels & Resorts Inc. (BEE) has agreed to buy Jumeirah Essex House, an 81-year-old Midtown Manhattan hotel, from the Dubai Investment Group for about $362 million.
N.Y. Times CEO Could Bring Home $5M Next Year
A regulatory filing shows the the newly appointed chief executive stands to make up to $5 million by 2013.
ECB Should Supervise All Euro-Zone Banks-German Industry Body
The European Central Bank should supervise all banks across the 17-nation euro zone, regardless of size, the president of the German BdB banking association, an industry body, said Friday.
Facebook's Stock Continues its Freefall
Facebook’s stock price took another nosedive and fell below $20. The continued drop comes a day after the lockups on Facebook’s stock expired, allowing those who invested at the IPO to dump their shares.
Molycorp, Marvell Technology Group Among Stocks Gapping Down Friday
These are stocks that gapped down today and had opening prices significantly lower than the close on the previous trading day: Molycorp (NYSE:MCP) gapped down today, opening at $9.95 after closing the previous trading session at $11.16.
Wall Street Yawns at Surprise Rise in Consumer Sentiment
Wall Street continued to hug the unchanged line Friday morning even after a new report showed consumer sentiment in August unexpectedly climbed to three-month highs.
Life Lessons from an Editor, a Sharp Shooter and Some Nuns
Whether it’s wisdom gleaned from a nun, a sharp shooter, an activist, an editor or your Aunt Joan, the point is to figure out how to apply it to your own life.
Heineken Raises Bid for Tiger Brewer
The Dutch brewer bumped up his offer for Fraser and Neave's stake in the maker of Tiger beer to $53 per share from S$50 as it fights against a Thai billionaire.
API: U.S. July Oil Use 18.062 Million Barrels/Day, -1.7% vs Year Earlier
U.S. petroleum deliveries, a measure of demand, fell by 2.7% in July from a year earlier to the lowest level in any month since September 2008, the American Petroleum Institute, an industry group, said Friday.