Stocks Retreat as Korean Hostilities Get Hot

Stocks fell sharply Tuesday as investors fled riskier assets following an exchange of artillery fire between North and South Korea. Better news on U.S. economic growth was no match for the new worries, on top of Euro-jitters.
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Nissan Leaf Will Get Equivalent of 99 Miles Per Gallon

Nissan’s (NSANY) Leaf electric car will get the equivalent of 99 miles per gallon, making it the most fuel-efficient midsize car on the road.

The Leaf does not use gasoline, so the EPA created an “mpg-equivalent” rating for its fuel efficiency, CNNMo…

Exxon Mobil Sells $1 Billion of Gulf of Mexico Assets

Exxon Mobil Corp. (XOM) sold nine U.S. Gulf of Mexico oil and natural gas stakes to Energy XXI in a deal worth $1.01 billion.

The assets produce about 20,000 net barrels of oil a day, The Wall Street Journal said. They contain net proved and probable…

Stocks Edge Higher to Eke Out Weekly Gains

Stocks closed slightly higher Friday after fluctuating most of the session as some better-than-expected quarterly earnings helped offset anxiety over China’s move to curb inflation.
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