Monthly Archives: August 2011

NEW YORK – Oil rose to near $89 per barrel Tuesday on expectations that supplies will be tighter in the wake of Hurricane Irene. The storm forced several refineries and petroleum terminals to reduce production or shut down altogether. The … Continue reading →

NEW YORK (Reuters) – Bank of America Corp’s mortgage practices came under fresh fire as state and federal regulators questioned whether the largest U.S. bank is doing what it must to address perceived harm to homeowners and investors. Nevada’s attorney … Continue reading →

WASHINGTON (Reuters) – The Obama administration is considering unveiling new plans next week to revive the ailing housing market and reduce foreclosures, including an effort to help troubled borrowers refinance their mortgages. The administration has been working for weeks on … Continue reading →

OSLO, Norway – While much of Europe is struggling to pay its way out of the debt crisis, Norway has been awash with cash and is set to get more. Two major oil finds are revitalizing the country’s aging energy … Continue reading →

LOS ANGELES (Reuters) – Telecommunications giant ATT Inc, whose proposed buy of T-Mobile USA is under scrutiny by U.S. regulators, promised to bring 5,000 wireless call-center jobs back to the United States if the deal wins approval. The company has … Continue reading →

WASHINGTON (Reuters) – Twenty-five of the 100 highest paid U.S. CEOs earned more last year than their companies paid in federal income tax, a pay study said on Wednesday. It also found many of the companies spent more on lobbying … Continue reading →