News
A proposal to build the nation's first commercial ethanol production plant using yard trimmings, paper, wheat straws and other green wastes was approved Wednesday by Los Angeles County officials.
Shares of XTO Energy Inc., which acquires and develops oil and natural gas properties in the U.S., fell in Wednesday midday trading, a day after the company reported a 30 percent profit increase, but also said it will boost capital spending and issue 26 million shares to finance acquisitions and repay debt.
The fate of a multibillion dollar pipeline that could unlock 4.5 billion cubic feet of North Slope gas reserves daily and power North American homes and businesses for decades now rests in the hands of 20 Alaska state senators.
Shares of Mirant Corp. touched an 18-month low Wednesday after an analyst downgraded the power plant owner, citing concern about the company's use of coal.
CALGARY, Alberta----PETROFLOW ENERGY LTD. announces that it has a potential exposure to SemCrude, L.P. and SemGas, L.P., subsidiaries of SemGroup, L.P. , relating to the marketing of a portion of the Company's crude oil, liquids and natural gas production.
Record crude prices helped oil giant ConocoPhillips' second-quarter profit climb 13 percent from adjusted results a year ago, beginning what is expected to be a string of robust earnings announcements from major oil companies.
DENVER----MarkWest Energy Partners, L.P. will announce second quarter 2008 financial results after market close on Monday, August 11, 2008.
Costco Wholesale Corp. said Wednesday that its earnings for the current quarter will be lower than expected as it delays raising prices on items from food to patio sets amid soaring energy costs that have accelerated in recent weeks.
DAYTON, Ohio----DPL Inc. today reported second quarter earnings from continuing operations of $0.41 per share, compared to $0.45 per share for the same period in 2007. For the six months ended June 30, 2008, earnings from continuing operations were $1.07 per share compared to $0.88 in 2007.
A group of SemGroup LP creditors on Wednesday raised the prospect that unauthorized energy trading may have caused the $3.2 billion loss that sank the 12th-biggest privately held U.S. company.
Stocks advanced for the second straight session Wednesday as another decline in oil prices and several upbeat profit reports eased some of Wall Street's concerns about the economy.
Stocks rose on Wednesday as financial shares climbed on optimism about a rescue plan for mortgage finance companies Fannie Mae and Freddie Mac and as the price of oil fell.
Agriculture futures traded lower Wednesday on the Chicago Board of Trade. Wheat for September delivery fell 13.5 cents to $7.8325 a bushel; December corn lost 1.75 cents to $5.905 a bushel; December oats slipped 2 cents to $4.03 a bushel; November soybeans dropped 25 cents to $13.84 a bushel.
COMMODITIES KEEP FALLING: Commodities prices sold off for a second day Wednesday, as another big drop in crude prices led traders to dump alternative investments like gold, corn and soybeans.
VALLEY FORGE, Pa.----UGI Corporation announced today that one of its subsidiaries will soon be generating nearly 11 megawatts of electricity using recovered landfill methane gas. The Broad Mountain project is located at a Hegins, PA landfill owned and operated by Commonwealth Environmental Systems, L.P.
Commodities extended their slide Wednesday as crude oil fell below $125 a barrel, dragging down gold, soybeans, wheat and other hard assets as traders shifted money into equities.
NEW YORK----DWS Global Commodities Stock Fund, Inc. announced today that the Fundâs Board of Directors has authorized an open-market share repurchase program. Effective upon notice to Fund shareholders in the Fundâs Annual Report to Stockholders, the Fund may purchase an aggregate of up to 20% of the Fundâs outstanding shares of common stock in open-market transactions over a twelve month period.
Oil prices shed nearly $4 Wednesday, tumbling below $125 a barrel for the first time since early June on growing fears that high prices and the weak economy are destroying demand.
Coal miner Peabody Energy Corp. said Wednesday its second-quarter profit more than doubled, beating Wall Street's expectations as the miner benefited from higher shipments, soaring global prices and tighter coal supplies worldwide.
HOUSTON----ExxonMobil Chemicalâs Santoprene⢠thermoplastic vulcanizate 8291-85TL bonds directly to metal to simplify weatherseal fabrication. This grade is suitable for virtually any automotive weatherseal application where metal and TPV surfaces can be joined in a co-extrusion process.