The British oil giant agreed to acquire a big swath of oil assets from Devon Energy for $7 billion, in a deal that will vault BP into the hot new oil region off the shores of Brazil.
Offshore Brazil Beckons for BP
Posted in Finance by financewhizz 12 hours ago (http://online.wsj.com)AIG: $51 billion down, $51 billion to go
Posted in Finance by businessman 3 days ago (http://rss.cnn.com)
After selling off its second "crown jewel" insurance business in a week, AIG has made a sizeable dent in its plan to repay its debt to taxpayers.
'Hurt Locker' Wins Best Picture Oscar
Posted in Finance by financewhizz 3 days ago (http://online.wsj.com)
"The Hurt Locker" became the lowest-grossing film ever to win the Oscar for best picture. The film's director, Kathryn Bigelow, was the first woman to win best director.
Greece Leaps Crucial Hurdle With Debt Sale
Posted in Finance by financewhizz 6 days ago (http://online.wsj.com)
Greece raised $6.85 billion in a bond sale, but a looming wave of debt auctions by other European countries could make it difficult for Athens to raise the rest of the money it needs.
World's Most Admired Companies
Posted in Finance by businessman 7 days ago (http://rss.cnn.com)
Which companies have the best reputations? Apple tops the list for the third year in a row. See who else made the top 50 this year.
EU Urges Greece to Do More
Posted in Finance by financewhizz 9 days ago (http://online.wsj.com)
The EU's monetary affairs commissioner said the EU is ready to support Greece, but urged the country to take further measures to shrink its budget deficit.
How U.S. Olympians pay the rent
Posted in Finance by businessman 11 days ago (http://rss.cnn.com)
Even Olympians have to pay the rent.
Greek Crisis Nears Showdown
Posted in Finance by financewhizz 12 days ago (http://online.wsj.com)
Greece prepared additional austerity measures and its prime minister met with the head of Germany's top bank, as the country raced to soothe international concerns ahead of a crucial bond sale it may hold next week.
Toyota problems may be electronic
Posted in Finance by businessman 15 days ago (http://rss.cnn.com)
Witnesses at the first of three Congressional hearing on Toyota's recall problems testified that they believe they have found a possible additional cause of unintended acceleration in Toyotas, one that has to do with the vehicles' electronic throttle control systems.
Greece Weighs New Austerity Cuts
Posted in Finance by financewhizz 15 days ago (http://online.wsj.com)
The Greek government is getting closer to choosing new austerity measures as it discusses how to tame its deficits with a visiting delegation of EU and IMF officials.
Airline Woes Press Jet Makers
Posted in Finance by financewhizz 19 days ago (http://online.wsj.com)
Airbus and Boeing have avoided major production cutbacks by juggling orders and delaying deliveries but pressure is growing as rising fuel prices chip away at airline finances.
The Fed's great rate debate
Posted in Finance by businessman 19 days ago (http://rss.cnn.com)
The Federal Reserve made it clear Thursday that the hike in its emergency lending rate won't mean a thing for the interest rates paid by consumers and businesses any time soon.
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