A $2 billion pipeline project intended to ship oil from West Texas's booming oil fields to California has failed to pique the interest of several big refiners in the Golden State. The culprit: the growing popularity of railroads.
Deadly accidents in Bangladesh factories have triggered questioning about the costs of "fast fashion," a design trend pioneered by Spanish labels that relentlessly rotate collections to keep new styles on store racks.
The government issued subpoenas to four senior executives of SAC Capital Advisors who are part of Steven A. Cohen's inner circle, including the firm's president and chief compliance officer.
Sears swung to a fiscal first-quarter loss from a profit a year earlier, when the retailer booked a large gain on asset sales. Revenue and margins also weakened in the latest period.
Promising quarterly results sent H-P's shares up more than 17% on Thursday, but checking off the next agenda items are likely to prove even tougher for H-P.
AT&T has added a new monthly administrative fee of 61 cents to the bills of all of its contract wireless lines as of May 1, a move that could bring in more than a half-billion dollars in annual revenue to the telecom giant.