Highlights
A collection of news and information related to Petroleum Industry published by Tribune Company sources.
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Federal government agrees to designate 'critical habitat' for polar bears next year
Associated Press WriterANCHORAGE, Alaska (AP) _ Three conservation groups have reached a partial settlement with the federal government on polar bear habitat that could add restrictions to future petroleum exploration or drilling off Alaska's coast. The agreement filed...Tags: Natural Resources, Emergency Incidents, Energy Resources, Oakland (Alameda, California), Disasters
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Commodities prices turn lower as financial crisis spreads to Europe, threatens global demand
AP Business WriterNEW YORK (AP) _ Commodities prices tumbled broadly Monday on growing expectations that the financial crisis pummeling world markets will dramatically reduce global demand for energy and raw materials. Gold prices shot up as investors' faith in stock...Tags: Commodity Markets, Metal and Mineral, Real Estate Buyers, Economy, BNP Paribas
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Oil falls below $90 per barrel on fear that financial turmoil will curb global crude demand
AP Business WriterNEW YORK (AP) _ Oil prices plunged below $90 a barrel Monday, coming within reach of year-ago levels as a widening financial maelstrom spreads overseas and crimps global demand for energy. A barrel of oil has not been this cheap in eight months,...Tags: Natural Resources, Energy Resources, Commodity Markets, Economy, BNP Paribas
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World's stock markets sink; Dow falls below 10,000
Los Angeles Times Staff WriterStock markets around the world collapsed today as the credit crisis imperiling banks in the United States appeared to be swiftly contaminating major financial institutions around the world. The Dow Jones industrial average plummeted as much as 800 points...Tags: Freddie Mac, BNP Paribas, Wells Fargo & Co., Fannie Mae, Stocks
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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: Federal Reserve, Stocks, Alan Greenspan, Stock Activities
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AP Enterprise: In bad economy, electricity and gas shutoffs soar; officials offer aid
Associated Press WriterCOHOES, N.Y. (AP) _ The number of Americans whose electricity or gas has been shut off for nonpayment of their bills is up sharply in many parts of the country as people struggle to cope with higher prices and a shaky economy. Shut-offs have been running...Tags: Westar Energy Incorporated, Electrical Appliance, Long Island, DTE Energy Company, Tampa Electric Company
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World stock markets plunge as bailouts in US, Europe fail to ease financial fears
AP Business WriterLONDON (AP) _ Stock markets slumped worldwide Monday, some marking record one-day drops, on fears the global financial crisis will worsen and hit the wider economy despite bank bailouts in the U.S. and Europe. Stocks began their nosedive in Asia, where...Tags: Parliament, Stock Broking, BNP Paribas, Lower House, Stocks
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Retailers expected to report dismal September sales, a bad omen for holiday season, industry
AP Business WriterNEW YORK (AP) _ The weak retail sales merchants had been expected to post for September will likely prove to have been a disaster as the financial meltdown that began halfway through the month sent shoppers into hiding. The expected dismal reports for...Tags: Yom Kippur, The Goldman Sachs Group Incorporated, Stocks, Consumers, Earnings Forecasts
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Swamp Sunrise
The SwampGood morning. Here are a few Washington events of note for Monday, October 6. It's the first Monday in October and the Supreme Court opens its new term with arguments in three cases, including one whether tobacco companies are......Tags: Lehman Brothers Holdings Incorporated, Heads of State, Government, George Bush, Natural Gas
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Dollar stores feel pinch
The Associated PressA buck will still buy you a bottle of shampoo, two rolls of paper towels or four containers of generic breath mints at some dollar stores. It even buys a bit of excitement in the hunt for a deal. But it won't buy motor oil. Or a multipack of Tic Tacs. Or...Tags: McDonald's, Foreign Exchange Market, Family Dollar Stores Incorporated, Consumers, 99 Cents Only Stores
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Cheap eats focus of ad blitz by food companies
The Wall Street JournalFood companies hope to capitalize on the slumping economy by steering consumers to cheaper, high-margin products. On Monday, Kellogg Co. is beginning a new advertising push for staple cereals such as Corn Flakes and Rice Krispies, while Campbell Soup Co....Tags: Lee Ann Womack, Kraft Foods Inc., Campbell Soup Company, Consumer Electronics Industry, Marketing
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AAA Michigan says gas prices down 22 cents
AAA Michigan says gasoline prices have fallen 22 cents per gallon over the past week to a statewide average of $3.47. They're down 70 cents per gallon over the last three weeks. Of the cities it surveys, AAA Michigan said Monday the cheapest price for...Tags: AAA, Automotive Equipment
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|Blog| Chicago Tribune
Oct 6, 2008
|Story| Associated Press
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|Story| Baltimore Sun
Oct 6, 2008
|Story| Associated Press
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