Oil Holds Steady Near 3-Month Highs on Supply Worries
Worries over possible disruptions to supply from the Middle East and a steep fall in U.S. oil inventories pushed prices higher.
Report: Daimler to Expand Output at Hungarian Plant
The German carmaker is reportedly looking to expand its export plant in Hungary to double annual production to 300,000 vehicles by 2015.
Poland's PGNiG to Pick Advisers for Oil Services IPO in Autumn
PYZDRY, Poland--State-controlled gas firm PGNiG SA (PGN.WA) plans to pick advisers for the initial public offering of its oil services unit in September or October, said Chief Executive Grazyna Piotrowska-Oliwa.
Presidential Election a Time of Uncertainty for U.S. Retailers
Behind the Election Day ads crowding newspapers and overloading airwaves, retailers are concerned about how the battling between Democrats and Republicans will weigh on customers' psyches.
KGHM, PGE, Tauron, Enea in Talks on Joint Nuclear Power Project
PYZDRY, Poland--Four companies controlled by the Polish government are in talks to build a nuclear power plant together, the country's treasury minister said Thursday.
Best Buy Founder: 'I am Not Going Away'
Best Buy founder Richard Schulze repeated his call for the retailer to give him access to the financial information he needs to secure financing for a bid for the retailer.
Ross Stores Second-Quarter Profit Rises 23% on Strong Revenue
Ross Stores Inc.'s (ROST) fiscal second-quarter earnings rose 23% as the discount retailer benefited from a double-digit rise in revenue that overshadowed increased costs and expenses.
PetroSA, Cairn India Partner To Explore For Oil, Gas In South Africa
South Africa's national oil company PetroSA and India's largest private oil producer, Cairn India Ltd. (532792.BY), said Thursday that the two signed an agreement to explore for oil and gas off the coast of South Africa.
Wal-Mart 2nd-Quarter Net Rises 5.7% on Strong International Sales
Wal-Mart Stores Inc.'s (WMT) fiscal second-quarter earnings rose 5.7% on strong international sales and same-store-sales growth in the U.S., but the retailer continues seeing tough economic conditions.
Boomers Need Health-Care Costs Reality Check
Health-care costs have been steadily rising over the decades, yet many boomers are planning adequately to cover the costs in retirement.