Three years after it went private in a management buyout, Texas-based Kinder Morgan, which provides transportation and storage for oil and natural gas, has filed for an initial public offering worth as much as $1.5 billion. Is …
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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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…
On Thursday, stocks clawed back nearly of the week’s prior losses. Lifting investors’ spirits were an easing of concerns over Irish debt, GM’s massive IPO and some surprisingly positive economic reports.
Contin…
BP (BP) may have ignored potential risks related to the Deepwater Horizon drilling rig and the company suffered from a “lack of operating discipline” according to an interim report.
The report from the National Academy of Engineering and National Res…