Jailed Enron CEO Jeffrey Skilling Will Get Prison Term Shortened
Federal prosecutors and attorneys for convicted ex-Enron CEO Jeffrey Skilling have reached a deal that will trim his sentence for his role in the energy giant's collapse.
energy
JPMorgan Faces Federal Probe Over Energy Trading 'Schemes'
The latest federal inquiry to focus on JPMorgan Chase bears uncomfortable similarities to one of the most notorious chapters in U.S. business history: the Enron scandal.
Chevron's Quarterly Profit Falls on Lower Oil Prices
Chevron says its quarterly profit fell 5 percent in the first quarter as oil prices slipped.
Exxon's Quarterly Profit Edges Up as Energy Production Slumps
Exxon Mobil's quarterly profit edged up, as the world's largest publicly traded oil company's results were helped by higher earnings in its chemicals business.
Halliburton Posts Q1 Loss Related to Gulf Oil Spill
Oil-services company Halliburton says it lost $18 million in the first quarter on litigation-related charges related to the 2010 Gulf of Mexico oil spill.
ConocoPhillips Delays Plans to Drill Off Alaska Coast
ConocoPhillips Alaska says it will delay its 2014 plans for exploratory drilling in the Arctic Ocean off Alaska's northwest coast.
Exxon Mobil Must Pay $236 Million in NH Pollution Case
Exxon Mobil was found liable Tuesday in a long-running lawsuit over groundwater contamination, and the oil giant was ordered to pay $236 million to New Hampshire to clean it up.
GE Seeks to Grow Energy Business with $3.1B Bid for Lufkin
GE plans to further expand its holdings in the energy industry by buying oilfield-services provider Lufkin Industries for about $2.98 billion.
China Set to Surpass US as Top Importer of Oil
The oil cartel OPEC says that China could overtake the U.S. as the biggest importer of oil in the world as soon as next year. The reason: a boom in shale oil production.
U.S. Crude Oil Inventories Rise to Highest Level Since 1990
Oil prices fell more than 2 percent on Wednesday as U.S. crude oil inventories grew to the highest level since 1990 and weak economic data stoked worries about energy demand.
Falling Food, Gas Costs Push U.S. Wholesale Prices Lower Again
U.S. wholesale prices fell for the third month in a row in December, propelled by falling food and gas costs. The drop is the latest evidence inflation is tame, which means consumers have more money to spend. Low inflation also gives the Federal Reserve more freedom to keep interest rates low.
U.S. Energy Sector Fears Missing the Boat on Natural Gas Exports
Global demand for liquefied natural gas is growing rapidly, and the U.S. has it. But what's causing angst in the industry are regulators: Can our government agencies license exports fast enough for U.S. producers to get in on that rising LNG market before before foreign competitors eat their lunch?
Yahoo Gets a Big Lift from China, a Little One from Everything Else
Yahoo posted strong quarterly results Monday, blowing past analysts' expectations, even without its one-time gain from saling part of its stake in China's Alibaba. But Yahoo has beat the targets for three quarters running. What it hasn't been able to do is drum up much revenue growth.
Is President Obama Trying to Kill King Coal?
Republican lawmakers are alleging that the EPA's new greenhouse gas regulations would kill the U.S. coal industry by making it too expensive to build new coal-fueled power plants. But even if that's true, how will it impact you?
3 Economic Misconceptions That Need to Die
One of this country's biggest economic problems is a tsunami of misinformation. You can't have a rational debate when facts are so easily supplanted by overreaching statements and errors. Here are three misconceptions about our economy that need to be laid to rest.