Highlights
A collection of news and information related to Petroleum Industry published by Tribune Company sources.
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Wall Street heads to slightly higher open as investors hope for rate cuts globally
AP Business WriterNEW YORK (AP) _ Wall Street looked to recover Tuesday from a huge sell-off the previous session, with investors hopeful that central banks around the world will cut interest rates to help alleviate turmoil in the credit markets. Australia's central...Tags: Commodity Markets, Alcoa Incorporated, Ben Bernanke, Money and Monetary Policy, Intel Corp.
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Natural Gas Prices Could Boost Winter Heating Costs; Don't Blame Cars (Yet)
Edmunds.comThe American Gas Assn. is warning that natural gas for home heating may jump by 10-30 percent this winter, but don't blame the transportation sector. While there is a big push on to popularize compressed natural gas as an alternative to gasoline, it began... -
C-Mart is going out of business
C-Mart, the local retail institution known for piling its shelves with designer brands on the cheap, is going out of business next week, the victim of a sour economy where even the best deals couldn't bring out enough penny-pinching consumers.
Shoppers...Tags: Prince George's County, Furniture, Gucci Group NV, Sales, Corporate Officers
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Oil drops below $90 a barrel
Associated PressOil prices plunged below $90 a barrel yesterday, coming within reach of year-ago levels as a widening financial storm spreads overseas and crimps global demand for energy. A barrel of oil has not been this cheap in eight months, suggesting that the...Tags: Commodity Markets, AAA, Energy Saving, Wright Express Corporation, New York Mercantile Exchange
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Oil rebounds to $89 in Asia after recession fears plunge prices to 8-month low
Associated Press WriterSINGAPORE (AP) _ Oil prices rebounded to around $90 Tuesday in Asia after plunging to an 8-month low Monday on concerns a significant slowdown in global economic growth will undermine demand for crude. "Prices have moved so far, so fast," said David...Tags: Commodity Markets, Natural Resources, Energy Saving, Productivity, Foreign Exchange Market
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Federal government agrees to designate 'critical habitat' for polar bears next year
Associated Press WriterANCHORAGE, Alaska (AP) _ The federal government will designate "critical habitat" for polar bears off Alaska's coast, a decision that could add restrictions to future offshore petroleum exploration or drilling. Federal law prohibits agencies from...Tags: Conservation, Wildlife, Emergency Incidents, Safety of Citizens, Environmental Pollution
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Palin's promise of transparency in Alaska wanes on touchy topics like e-mail and polar bears
Associated Press WriterSarah Palin's promise for a new era of government openness as the reform governor of Alaska started to crack even before Sen. John McCain's presidential campaign built a wall of protectiveness around her. Palin was elected nearly two years ago with...Tags: Conservation, Wildlife, Sarah Palin, Frank Murkowski, Regional Authority
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British banks lead Europe markets lower, offsetting hopes of interest rate cuts
AP Business WriterLONDON (AP) _ European stocks shed early gains Tuesday as ongoing fears about the health of the banking system, particularly in Britain, offset hopes that the world's leading central banks will follow Australia's lead and cut interest rates aggressively....Tags: David Jones, Commodity Markets, Money and Monetary Policy, Bank of New York Company, Government
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From worse to bad
Last week, Congress approved an emergency plan to rescue the banking sector. That unpleasant but essential step should help keep turmoil in the financial sector from spreading. But hold the champagne. The bailout was designed to avert the worst, not...Tags: Commodity Markets, Energy Saving, Cato Corporation, New York Mercantile Exchange, Federal Reserve
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Violence in Nigeria offers lessons to oil companies hoping to operate in Iraq
Associated Press WriterBAGHDAD (AP) _ Recurrent violence in oil-rich parts of Nigeria may provide a sobering lesson for oil companies hoping to work in Iraq — a place that is much more dangerous despite the fact that attacks are at their lowest level in more than four...Tags: Exxon Mobil Corporation, Energy Resources, Corporate Crime, Upstream Oil and Gas Activities, Natural Resources
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Snapshot: The last time the Dow was below 10,000
randi.marshall@newsday.comThe Dow Jones industrial average hasn't seen numbers below 10,000 since October 2004. At that point, the economy - and the Dow - were headed on an upward trajectory. The unemployment rate was 5.5 percent, and hadn't been that low in more than two years....Tags: Prices, August, Alan Greenspan, Stocks, Inflation and Deflation
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High-strung arson dog replaced with a more well-behaved 'little girl'
247-7874— A member of Hampton Division of Fire & Rescue lost his job recently because of a biting habit that could be related to having Lyme disease. Flash is a 4-year-old black Labrador. He was trained to smell petroleum products used to ignite arson...Tags: Farms, Arson, Fires, Lyme Disease, Hampton (Hampton, Virginia)
Oct 7, 2008
|Story| Associated Press
Oct 7, 2008
|Blog| Edmunds.com
Oct 7, 2008
|Story| Baltimore Sun
Oct 7, 2008
|Story| Baltimore Sun
Oct 7, 2008
|Story| Associated Press
Oct 6, 2008
|Story| Associated Press
Oct 7, 2008
|Story| Associated Press
Oct 7, 2008
|Story| Associated Press
Oct 7, 2008
|Story| Chicago Tribune
Oct 6, 2008
|Story| Associated Press
Oct 7, 2008
|Story| Newsday
Oct 7, 2008
|Story| Hampton Roads Daily Press
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