SemGroup LP declared bankruptcy on Wedneday after $3.2 bln in oil trading losses torpedoed the formerly 12th-largest private U.S. company. The Tulsa-based company racked up the massive losses as oil prices ran
Gold finished sharply lower after a volatile session on Wednesday as a combination of retreating oil, a higher dollar and recovering U.S. stocks pulled the precious metal from its earlier highs. Spot
Wachovia Corp, the fourth-largest U.S. bank, on Tuesday posted an $8.86 bln second-quarter loss, slashed its dividend and announced the elimination of more than 10,700 jobs after losses tied to mortgages soared.
Oil fell below $130 a barrel on Tuesday as a tropical storm moving over the Gulf of Mexico was expected to miss major oil and gas installations. Tropical Storm Dolly, the first
Standard & Poor's Ratings Services today said that Serbia's arrest of wanted war criminal suspect Radovan Karadzic and his expected transfer to the UN War Crimes Tribunal in The Hague are two
Suez Environnement, a global leader in water and waste businesses, celebrated its listing and first day of trading Tuesday on two of NYSE Euronext's European markets: Paris and Brussels, following its spin-off
Stock futures pointed to a lower start on Wall Street, tracking a slide in European equities after dismal results from U.S. blue chips American Express, Apple and Texas Instruments. At 0950 GMT
European shares fell on Tuesday, led by Vodafone, which sank after issuing a weak outlook, while banks were weighed down by disappointing earnings from American Express. By 0826 GMT, the FTSEurofirst 300
It turns out Batman is more of a superhero than first thought. The latest installment in the Caped Crusader franchise, "The Dark Knight," enhanced its status as the biggest movie opening of
Ranges seen holding The dollar was stuck near recent record lows versus the euro on Tuesday, with investors focusing on worries about the U.S. financial sector. The U.S. currency got a slight
