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Archive: (9 Stories)

Statoil sells stakes in 4 oil fields for $2.6 bln

08/19/2013 5:53am
Norway's Statoil says it has sold stakes in four North Sea oil fields for $2.6 billion. The deal is part of long-term plans to shift its focus toward more profitable _ but capital-intensive _ fields elsewhere on the Norwegian continental shelf.

Al-Jazeera America prepares for Tuesday launch

08/19/2013 7:09am
In a warren of offices at a former bank building near Madison Square Garden, dozens of journalists are at work on gleaming new electronic equipment, ready to turn their test runs of Al-Jazeera America into the real thing.

Creditors reach deadline to object to bankruptcy

08/19/2013 7:14am
The deadline day has arrived for creditors to oppose Detroit's request for bankruptcy protection.

China in big push against opinion-leading blogs

08/19/2013 7:16am
Bestselling Chinese author Murong Xuecun had nearly 4 million followers on his Twitter-like microblog. One day in May his account disappeared. So did his profiles on several other social media sites. No explanation was given, but one is starting to emerge.

News Summary: Al-Jazeera America launches Tuesday

08/19/2013 11:37am
TUESDAY LAUNCH: Al-Jazeera America will establish a firm foothold on American television Tuesday at 3 p.m. EDT, when Al Gore's former Current TV will turn out the lights in more than 45 million TV homes, replaced by the new U.S. affiliate of Al-Jazeera.

Fed says big banks must improve financial cushions

08/19/2013 3:00pm
The Federal Reserve says the nation's largest banks need to do a better job of determining how much capital they need to cushion against a future crisis.

Hedge fund titan Phil Falcone to settle with SEC

08/19/2013 4:35pm
Hedge fund titan Phil Falcone and his firm, Harbinger Capital Partners, will pay $18 million to settle Securities and Exchange Commission charges over Falcone's use of firm money and other accusations, regulators said Monday.

Business groups, AA pilots hit Texas AG on merger

08/19/2013 5:12pm
The Dallas and Fort Worth chambers of commerce and union pilots at Texas-based American Airlines say the state's attorney general should support American's proposed merger with US Airways instead of fighting it in court.