Inflation in 2010 was low, according to the consumer price index. But underlying growth in the cost of energy, raw materials and health care could indicate significant inflation this year. And that could mean higher prices for …
Marathon Oil, the fifth-largest oil refiner in the U.S., is spinning off its refining business into a new company called Marathon Petroleum. Marathon Oil, meanwhile, will reduce its debt as a result of the move and will focus o…
Global temperatures in 2010 tied 2005 for the warmest on record and are likely to increase further as developing countries expand their economies and produce more greenhouse gases, the National Aeronautics and Space Administrat…
Companies such as Duke Energy and DuPont are off and running with megamergers early this year. Even Playboy is among the dealers. And market pros say the trend is far from over. Why are so many U.S. companies tying the knot? Fa…
Oil industry practices and government rules must be subjected to substantial reform to prevent future accidents similar to BP’s Deepwater Horizon oil rig disaster in the Gulf of Mexico last April, said a report released Tuesday…