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Foxconn challenged as global reach grows

Group is increasingly expanding outside China but its regimented management style has caused clashes when applied to far different cultures  More »

Spain’s registered unemployed rate drops

Spain enjoys a rare piece of good economic news with a higher than expected fall in the number of registered unemployed in December  More »

US private sector jobs surge after Sandy

Businesses boosted hiring and pulled back on job cuts in December, adding 215,000 jobs mainly because of the reconstruction following Hurricane Sandy  More »

PXP takes exploration interest offshore Morocco

Plains Exploration & Production Co. (NYSE:PXP) has agreed to participate in an exploration play offshore Morocco.  More »

Petrobras makes deepwater pre-salt oil discovery in Santos basin

Petróleo Brasileiro S.A. – Petrobras has completed pre-salt well 4-SPS-86B (4-BRSA-971-SPS) in block BM-S-8, in ultra-deepwater Santos basin as an oil discovery.  More »

Five Indian gang rape suspects charged

Police seek death penalty as five men are charged with murder, gang rape, abduction and robbery in connection with the brutal attack on a young woman  More »
Warren Buffett, chairman and CEO of Berkshire Hathaway Inc. (Photo: Andrew Harrer/Bloomberg)

Buffett like Icahn reaping tank car boom from shale oil

Warren Buffett and Carl Icahn are reaping the benefits of surging demand for railroad tank cars to haul shale oil from beyond the reach of existing pipelines.  More »
(Lisa Poole / AP2009)

Phillips 66 and ConocoPhillips sued by California over tanks

ConocoPhillips and Phillips 66 (PSX) were sued by California Attorney General Kamala Harris, who accused the oil producer and the refiner it spun off last year of environmental violations at more than 560 gasoline stations.  More »
(AP Photo/Xinhua, Liang Xiaopeng, File)

MidAmerican to buy 2 Calif. Solar power projects

MidAmerican Energy is buying two solar power projects under construction in Southern California from SunPower Corp. that will generate 579 megawatts of electricity.  More »

Cameron vows to protect Falklanders

Argentine president tries to reopen debate on the Falklands’ sovereignty, saying the islands were taken in a ‘blatant act of 19th-century colonialism’  More »

Starbucks takes on Vietnam coffee culture

US chain will open its first shop in the coffee-loving Communist country in February as it expands in Asia, its fastest growing retail market  More »

US drone strike kills Taliban commander

Attack threatens to sour relations between the US and Pakistan just as the two countries are trying to promote peace talks in Afghanistan  More »