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A collection of news and information related to Petroleum Industry published by Tribune Company sources.
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Calif. global warming plan includes trade program for major polluters to cut emissions
Associated Press WriterSACRAMENTO, Calif. (AP) _ To reach its global warming goals, California must cut greenhouse gas emissions by about four tons per person, which would require cleaner cars, more renewable energy and a cap on major polluters, according to a state plan...Tags: Global Warming, Local Authority, Commerce, Global Change, Arnold Schwarzenegger
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Dow ends with a staggering 733-point loss as retailers report biggest drop in sales in 3 years
AP Economics WriterThe economy lurched deeper into the doldrums Wednesday and took the stock market down with it, sending the Dow Jones industrials to a staggering 733-point loss and erasing any hopes that the convulsions that have shaken Wall Street for a month were over....Tags: Government, Consumer Confidence, George Bush, The White House, Ben Bernanke
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Rell Announces Heating Aid Plan For Seniors
Gov. M. Jodi Rell says she will ask lawmakers to approve a plan in which many senior citizens could receive up to $500 this winter to pay their heating bills. Rell says the $4 million plan would help older residents struggling to cope with price...Tags: Jodi Rell
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Louisiana official hopeful about new GM line
Louisiana's economic development chief says he is "cautiously optimistic" General Motors Corp. will consider a new vehicle line for its Shreveport assembly plant, which has been hit by more than 2,000 job cuts. But Stephen Moret said in an interview...Tags: General Motors Corp., Economic Policy, Hummer, Vehicles
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3 Lansing-area men accused of investment scheme
The U.S. attorney's office in Grand Rapids says a federal grand jury has returned a 45-count fraud and conspiracy indictment against three Lansing-area men. U.S. Attorney Charles R. Gross announced the indictment Wednesday. The men are accused of...Tags: Lawyers, Investments, Corporate Crime, Fraud, Trials
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Crisis? What Crisis? Kremlin downplays Russia's financial woes
Associated Press WritersMOSCOW (AP) _ Talking to Russians on the street, you'd be forgiven for thinking there was no economic crisis. TV channels gloss over the subject and state news agencies are under orders to avoid frightening language. But beyond the spin, Russia's stock...Tags: Dmitry Medvedev, The Goldman Sachs Group Incorporated, News Agency, Vladimir Putin, Stock Broking
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Commodities prices drop sharply as recession worries prompt massive capital flight
AP Business WriterNEW YORK (AP) _ Commodities prices plunged Wednesday as a darkening economic outlook once again led frightened investors to pull their money out chaotic financial markets. Crude oil, copper and agriculture futures all fell. The big pullback came as the...Tags: Economic Indicator, Economy, Chicago Board of Trade, Upstream Oil and Gas Activities, Commodity Markets
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Stocks dive more than 700 points as retail sales show steep drop
Los Angeles Times Staff WritersNEW YORK -- The sell-off on Wall Street intensified today, sending the Dow Jones industrial average down more than 700 points after grim retail sales data stoked fears that a punishing recession may be looming -- if not already underway. The 8% plunge...Tags: Federal Reserve, Sales, National City Corporation, Ben Bernanke, Business
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What crisis? Kremlin downplays financial woes
The Associated PressTalking to Russians on the street, you'd be forgiven for thinking there was no economic crisis. TV channels gloss over the subject and state news agencies are under orders to avoid frightening language. But beyond the spin, Russia's stock markets are...Tags: Dmitry Medvedev, The Goldman Sachs Group Incorporated, News Agency, Vladimir Putin, Stock Broking
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At the Movies: capsule reviews of 'W.' and other films opening this week
Capsule reviews of films opening this week: "Happy-Go-Lucky" — Poppy, our perpetually sunny heroine, finds that her beloved bicycle has been stolen from outside a London bookstore at the film's start. Not only is she not angry when she makes this...Tags: Mike Leigh, Cannes Film Festival, Dakota Fanning, Sean Penn, Government
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World stocks drop as US retail sales slump stokes recession fears
AP Business WriterLONDON (AP) _ World stocks tumbled Wednesday after poor U.S. retail sales data provided fresh evidence that global efforts to restore confidence in the financial system will not be enough to stave off a deep recession. Wall Street followed Europe and...Tags: Sales, Citigroup Incorporated, Honda Motor Co., New York Mercantile Exchange, Automotive Equipment
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'To moon and back': Skyrocketing grain prices slide back toward earth, but uncertainties loom
AP Special CorrespondentWorld grain prices have been tumbling back down the steep slope they climbed early this year, but from Manila's food stalls to London's supermarkets, everyday consumers aren't seeing it yet. The experts worry, meanwhile, that the wild swings may turn...Tags: Arable Farming, Fertilizer, Ethanol, Agriculture, Farms
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|Story| Associated Press
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