The Fed will hold its first-ever quarterly briefing, and new data will likely reveal sluggish economic growth for the first quarter
Libyan dictator Muammar Qaddafi and his family own expensive real estate in London, New Jersey, and around the globe
Dow average gains 161 points as traders send stocks up broadly. Dow is now positive for the year.
The US Department of Transportation’s pipeline safety division says the 800-mile trans-Alaska pipeline is corroded and poses a severe public safety and environmental risk.
Several oil companies were targets of hackers seeking 'proprietary' data about global oil finds, cyber security firm AcAfee reported Thursday. All evidence points to cyber spies in China, it says.
Heating oil prices rose 6.25 cents and gas prices rose 3.83 cents while crude oil surged to over $89 a barrel after a leak shut down the 800-mile (1,300-kilometer) trans-Alaska pipeline.
Gas prices are near $3 a gallon, which is high for the holiday season. Retailers are nervous about the impact on consumer spending, but analysts say prices should start to come down soon.
At Tuesday's congressional hearing, legislators criticized four Big Oil companies for being no more prepared for a large spill than BP.
The BP oil spill has begun to have international repercussions. Cuba is the country most likely to be the first non-US victim if the oil slick advances beyond Florida into the Caribbean.
Addressing global warming is a top priority for President Obama and for a bipartisan group of senators who'll offer a bill Monday. But tough issues remain, and time is running out before this fall's elections.