Oil Extends Losses To Second Day Ahead Of Bernanke
Crude-oil futures ended lower on Thursday as Hurricane Isaac spared the Gulf's energy industry from major damage and as investors were cautious ahead of a speech by U.S. Federal Reserve Chairman Ben Bernanke.
Qatar Says It Will Vote Against Glencore-Xstrata Merger
Qatar Holding to vote against merger at current 2.8 share-swap ratio -Qatar Holding believes that a ratio of 3.25 represents a more appropriate value for Xstrata -Wording of Qatar statement leaves door open for Glencore to raise its offer -Glencore CEO said last week that a 2.8 share-swap ratio is
E*Trade, TradeKing to Cooperate with Inquiry into Antitrust Charges
Online retail brokers E*Trade Financial Corp. (ETFC) and TradeKing Group Inc. have agreed to continue to cooperate with the attorneys general of Connecticut, Iowa and Missouri as part of an investigation into potential violations of antitrust law in the retail-brokerage industry.
As Fed Ponders QE3, Unintended Side Effects Loom
As the financial world eagerly awaits new hints of quantitative easing from Fed chief Ben Bernanke at Jackson Hole on Friday, some economists are pushing back against ultra-easy money policies.
Apple, Google CEOs Hold Talks on Patent Issues -Reuters
Apple Inc. (AAPL) chief executive Tim Cook and his Google Inc. (GOOG) counterpart Larry Page are in private discussions on issues pertaining to intellectual property, including their existing disputes on mobile patents, Reuters reported Thursday citing people familiar with the matter.
StemCells Soars Ahead Of Data Presentation
Shares of StemCells Inc. soared 17% to $1.88 on Thursday after the biotech group announced it plans to present data from a Phase I/II clinical trial testing its stem-cell therapy in the treatment of chronic spinal-cord injuries.