Live blog: Apple earnings call

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Quarterly results briefing described by some analysts as Apple’s “most important conference call in years
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Lampert to take over as Sears chief quits

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In recent years the group’s declining sales and profits have prompted analysts to raise questions over whether its performance can be revived
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Shell's Kulluk drilling rig, shown under tow in January 2013 after running aground in Alaska, must go to Asia for repairs.

Inspectors set to look at rescued Shell drilling rig

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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.

Obama defies opposition to security team

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Former Republican senator Chuck Hagel is nominated for defence secretary while John Brennan is the administration’s choice to head the CIA
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Yum licking its wounds in China

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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
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(AP Photo/Jeff Chiu, file)

Oil tanker Overseas Reymar hits San Francisco’s Bay Bridge

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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.
Chesapeake Energy-board.JPEG-0bdd2

Chesapeake’s board to change salaries, structure

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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.
The Motiva refinery in Port Arthur, Texas.

Motiva Port Arthur Halts Crude Unit Start as Clamp Fails

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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.
Categories: Refining

Petrobras starts production at deepwater Sapinhoá field

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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.  
Categories: Offshore

Risk assets slip from multi-month highs

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