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Obama and Romney unveil rival tax plans
The two plans show that there is strong support for reforms to the bafflingly complicated US tax system but division about how much revenue the system should raise
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BP, Anadarko ruled liable for pollution law violations
“BP and Anadarko are liable for civil penalties under the act because they are both owners of the offshore facility from which oil discharged,” Judge Carl Barbier said.
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HP printer business facing challenges
The unit which has long underpinned Hewlett-Packard’s finances is facing structural problems that threaten its position as the company’s cash cow
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US prime money funds raise eurozone exposure
A key source of funding for the financial system remains vigilant about bank risk according to a new report by Fitch Ratings
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Record sterling oil price sparks fears
The rally in the price of crude oil denominated in European-currencies is likely to have a negative impact on the continent’s economic growth
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Oil prices rise on continued concern about Iran
Brent crude, a benchmark for foreign oil imported by U.S. refineries to make gasoline, added $1.24 to end the day at $122.90 per barrel in London.
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Energy Stocks: Nabors rally 7% to help oil stocks edge higher
Nabors Industries rallied 7% on Wednesday, helping energy stocks to buck the market trend and edge higher.
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Oil ends at 9-month high on supply worries
Wednesday’s Futures Movers had the incorrect settlement for oil futures for April delivery. The story has been corrected.
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Futures Movers: Oil ends at 9-month high on supply worries
Crude-oil futures on Wednesday settle at a nine-month high as concerns of supply disruption provide a floor to prices, which had traded lower earlier.
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Stocks struggle amid lacklustre economic data
Risk appetite has been blunted by economic activity data from the eurozone and China, and doubts over Athens’ ability to enact reforms
