Oil Dips to $114 as U.S. Considers Oil Release
News the White House was mulling a potential release of strategic oil stocks knocked off more than a dollar on Brent crude oil prices.
Best and worst states for credit: the full list
The annual list of best and worst states for credit conditions is based on an analysis of the unemployment rate, bankruptcy rate, foreclosure rate, average credit score and credit card delinquency rate of each state.Here are the 2012 results:RankState1.North Dakota2.Vermont3.South
Motorola Says Global Layoffs to Affect China as Employees Protest in Beijing
Motorola Mobility said Friday that layoffs announced earlier this month would affect the company's China staff, a move that forms part of its new owner Google Inc.'s (GOOG) decision to chop 20% of the mobile device maker's workforce globally.
Det Norske Oljeselskap Makes Oil Find On Geitungen Prospect
Norwegian oil company Det Norske Oljeselskap ASA (DETNOR.OS) said Friday that as partner in PL 265 (20%) it has made an oil discovery on the Geitungen prospect, where Statoil ASA (STO) is the operator.
ECB to Supervise Euro-Zone Banks
The European Central Bank is to supervise all the euro-zone's major banks, including local savings banks in Germany, German business daily Handelsblatt reports Friday, citing people familiar with the matter at the European Commission, the European Union's executive arm.
WPP Unit Buys Canada's Ascertum for Undisclosed Sum
Advertising firm WPP PLC (WPP.LN) said Friday Hill+Knowlton Strategies Canada, its wholly-owned public relations and public affairs firm, is acquiring substantially all the assets of Ascentum Inc. in Canada for an undisclosed sum.
Smucker Adj Profit Up After Coffee Acquisition
J.M. Smucker Co. said Friday its first-quarter profit dipped 1% to $111 million, or $1 a share, from $111.5 million, or 98 cents a share, in the year-ago period. Adjusted profit increased to $1.17 a share from $1.12 a share. Sales increased by 15% to $1.37 billion, after the company purchased Sara
Soho China Strategy Transformation Worries Investors; Shares Fall More Than 5%
Concerns over weaker near-term earnings at Soho China Ltd. (0410.HK) following a radical shift in the company's strategy to lease, rather than sell key development properties, sent shares of the Chinese real-estate titan down as much as 8.6% in Hong Kong on Friday.
J.P. Morgan Joins Surge in Senior Unsecured Bank Bonds
A sleepy period for new bank debt appears to have been broken, as U.S. bank JPMorgan Chase & Co. (JPM) looks to sell a 10-year bond Friday--the fifth bank deal of its kind in Europe this week.