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The New Top 10 Giants of American Industry

On Wednesday, in a shift that symbolizes a sea change in American business, Apple's market capitalization surpassed that of ExxonMobil, making the tech firm the world's most valuable company. Here's why it happened, and what the underlying changes mean for investors.

Dow Logs Worst One-Day Drop Since 2008

A bruising session on Wall Street Thursday wiped more than 500 points off the Dow - its worst drop since October 2008. Driving the fear is growing concern about the possibility of another recession. Will the selloff continue Friday? It all depends on the Labor Department's employment report.

Big Oil Taking Small Steps Toward Big Renewables Profits

The oil industry giants are embracing alternative technologies -- including biofuels, geothermal and solar. Right now, renewable sources provide only a tiny fraction of the profits they derive from oil and gas, but they'll have a real impact on the revenues of majors like BP, Exxon Mobil and Chevron in the not-so-distant future.

Plunging Oil Prices Lead Stocks Lower

An unexpected jump in claims for unemployment benefits and plummeting oil prices are driving stocks lower. Oil prices fell 5% after the IEA said it would release 60 million barrels of oil to make up for the loss of Libyan exports.

More Gas Saving Ideas: Suggestions From Left Field

We've already shared some ideas from our readers on ways to economize, squeeze extra miles out of your tank, and find surprising discounts. In the final part of this series, we'll take a peek at some of the more unusual methods that you offer for reducing pain at the pump.

With Big Oil Stocks Riding High, It's Time to Take Profits

Exxon Mobil, Chevron and ConocoPhillips are all trading near multi-year highs, and even BP shares have done well recently. Still, while the high oil prices that have been pinching consumers have been great for the industry, there are good reasons not to count on those high stock values lasting.

Oil Stocks May Have Outrun Oil Prices

It's too simplistic to value oil company stocks on the price of crude alone. But if oil prices are one marker, oil shares are probably rising too...

Five Oil Stocks To Offset Your Pain at the Pump

Given the prospect of $4-plus gasoline this summer, what's an American to do? Beyond switching to a higher-MPG vehicle, you can consider buying some oil stocks with plenty of upside potential to help offset your pain at the pump. Here are five candidates.

Face-Off on Stocks: Exxon Mobil, Chevron, Barrick Gold [Video]

Can you profit from the turmoil in the Middle East? Oil is now flirting around $100 a barrel and gold is continuing its upward trend. For investors, this could present an opportunity in oil and gold stocks. Here is the bull and bear take on three stocks that could rise on Mideast unrest.

Libya Hits Stocks and Oil Prices for a Second Day

Stocks fell for a second straight day Wednesday and oil prices briefly crossed the $100-a-barrel mark after violence escalated in Libya and tech bellwether Hewlett-Packard delivered a disappointing outlook. The Dow lost 0.9%, the S&P 500 fell 0.6%, and the Nasdaq declined 1.2%.

This Week: Major Earnings and Reports Every Day

With corporate earnings season in full swing -- watch for McDonalds, along with Catepillar, Amazon and other -- and with the Fed meeting on interest rates, the GDP estimate and housing numbers coming out -- the week ahead is expected to be quite busy.

DailyFinance's Top 11 Value Stocks for 2011

Wall Street expects the S&P 500 to tacking on an 11% gain over the next 12 months -- with lots of ups and downs along the way. That has us inclined to play defense in our 2011 picks, with an eye toward bargain stocks paying generous, sustainable dividends. Here are our top 11 for 2011:

Oil Industry Plans Record Spending in 2011

One would think that BP's massive Gulf of Mexico oil spill this year would have given pause to the global oil industry, but that doesn't appear to be the case. Companies in the sector are planning to spend a record $490 billion in 2011, including a large amount for deep-water development.

Chevron Reports Third Quarter Earnings of $1.87 Per Share

Chevron Corp. (CVX) reported earnings of $1.87 for the quarter, down from $1.92 a year earlier. The 2009 results were boosted by upstream asset sales and discrete tax items. Sales and other operating revenues were $48 billion in the third quarter of 2010, compared with $45 billion a year earlier, the company said in a statement. The increase was largely due to higher prices for crude oil, natural gas and refined products.

Chevron Stock Rises on Share Repurchase Plan

Chevron Corp. (CVX) said it will purchase as much as $1 billion of its common stock in the fourth quarter as part of an ongoing repurchase program. "Our sole focus in deploying cash is to create value for our shareholders. We focus on sustaining and growing the dividend, funding our leading project queue, maintaining a strong balance sheet and returning cash to shareholders through share repurchases," CFO Pat Yarrington said in a statement.

Under the Radar: A Possible Ten-Bagger Stock

Looking for companies that are growing fast but still ignored by Wall Street? Hilary Kramer talks about two stocks here with great upside potential. One of them, she says, could even be a ten-bagger.

BP Will Join Other Oil Giants in Spill Response Group

BP (BP) will join an oil spill response group formed by fellow oil giants Exxon Mobil (XOM), ConocoPhillips (COP), Chevron (CVX) and Royal Dutch Shell (RDS.A). BP will make its underwater well containment equipment and personnel available to the group, called the Marine Well Containment Co., The Washington Post said.

Unilever Explores Earth-Friendly Alternative to Palm Oil

Cheap, versatile palm oil has long been used as an ingredient in everything from ice cream and chips to lotions and soaps. But its production causes severe environmental damage, which is why Unilever, the world's biggest buyer of palm oil, has decided to try an alternative: oil from algae.

Dow, S&P 500 Post Best Monthly Gains in a Year

Some robust blue-chip earnings and an improvement in consumer sentiment helped stocks shrug off a disappointing reading on economic growth to end mixed Friday -- but the market still enjoyed its biggest monthly gain in a year.

Chevron Earnings Triple on Higher Oil Prices

Chevron's second-quarter earnings easily topped forecasts, but revenue came in lower than analysts expected. It recorded net income of $5.41 billion, or $2.70 a share, up from $1.75 billion, or 87 cents, in last year's second quarter.

ExxonMobil and Chevron Set to Post Sharp Gains

Blue-chip energy giants ExxonMobil and Chevron report quarterly earnings Thursday and Friday, respectively. If analysts' average forecasts are on the mark, both Dow components should post sharply higher profits and revenue, helped by lower costs and higher oil prices.

Can This Earnings Season Keep Up Its Winning Streak?

The first peak week of second-quarter earnings season was just what the market ordered, thanks to some beat-and-raise reports from Dow blue chips. This week has more such big-name results on tap. And again, investors will be looking closely for top-line revenue growth.

How Past Environmental Disasters Changed America

Corporate disasters can lead to unprecedented changes in the way business and government operates. For example, the massive 1969 oil spill off Santa Barbara, Calif., helped give birth to the environmental movement.

Three Oil Stocks That Look Tempting Now

European debt worries, the rising dollar and falling oil prices are conspiring to knock down oil company shares. But this trio could be getting whacked harder than they deserve -- especially if you don't believe the dollar will keep climbing.