Daily Archives: January 7, 2013

Live blog: Apple earnings call

Quarterly results briefing described by some analysts as Apple’s “most important conference call in years  More »

Lampert to take over as Sears chief quits

In recent years the group’s declining sales and profits have prompted analysts to raise questions over whether its performance can be revived  More »

Inspectors set to look at rescued Shell drilling rig

A massive campaign to free a grounded Arctic drilling rig that employed more than a dozen ships and some 730 people cleared a big hurdle Monday, as salvagers pulled the vessel to safe harbor in Alaska.  More »

Obama defies opposition to security team

Former Republican senator Chuck Hagel is nominated for defence secretary while John Brennan is the administration’s choice to head the CIA  More »

Yum licking its wounds in China

KFC owner’s shares fall over announcement that allegations its suppliers injected growth hormonesand antiviral drugs into chicken beyond food safety limits will damage fourth-quarter earnings  More »

Oil tanker Overseas Reymar hits San Francisco’s Bay Bridge

The oil tanker Overseas Reymar struck “a glancing blow” to a tower of the San Francisco-Oakland Bay Bridge after unloading crude at a Royal Dutch Shell refinery the day before.  More »

Chesapeake’s board to change salaries, structure

Chesapeake Energy Corp’s embattled board of directors is pursuing a set of changes in response to widespread criticisms, including to its compensation and rewards system for executives like CEO Aubrey McClendon, the company said Monday.  More »

Motiva Port Arthur Halts Crude Unit Start as Clamp Fails

Motiva Enterprises LLC shut down the 325,000-barrel-a-day crude unit at the Port Arthur refinery days after trying to restart it when a clamp that was modified to fix an earlier leak failed.  More »

Petrobras starts production at deepwater Sapinhoá field

Petróleo Brasileiro S.A. has initiated commercial production from the Sapinhoá field in block BM-S-9 in the presalt Santos basin through the Cidade de São Paulo FPSO.    More »

Risk assets slip from multi-month highs

Growth-focused assets are mildly softer, pulling major ‘risk’ barometers back from multi-month highs as the new year rally loses impetus  More »

Chávez cancer sparks leadership fears

It is not clear who will be left in charge in Venezuela if Hugo Chávez fails to attend the inauguration of his third six-year term as president  More »

Shining a light on Wall St’s power role

US regulator has accused Barclays and Deutsche Bank of manipulating electricity markets and curtailed JPMorgan Chase’s rights to sell power  More »

California company gets keys to Exxon tower

Shorenstein Properties is planning a major redevelopment of ExxonMobil’s downtown Houston. Exxon is moving to a new campus south of The Woodlands.  More »

US banks pay $20bn mortgage crisis bill

BofA agrees to pay $11.6bn to Fannie Mae over bad loans, while 10 lenders settle allegations over abuse of foreclosure system for $8bn-plus  More »

Skilled tradespeople head north to Alberta oil sands

American tradespeople are heading to Alberta’s booming oil sands, drawn by better wages and steady jobs for for electricians, carpenters, pipefitters and other skilled workers.  More »
Page 1 of 41234