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By Brian Wingfield, Bloomberg |
November 16, 2012
Millions of dollars in penalties slapped on some of the world’s biggest banks, including JPMorgan Chase & Co., by U.S. regulators are the result of policing powers established after the 2001 collapse of Enron Corp.
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By Mark Drajem, Bloomberg |
November 16, 2012
Exxon Mobil Corp. is part of a growing coalition backing a carbon tax as an alternative to costly regulation, giving newfound prominence to an idea once anathema in Washington.
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By Phil Flynn |
November 16, 2012
Oil prices seemed to shake off worries surrounding the increasing tensions in the Gaza strip and instead decided to focus on the weak jobless claims and the looming fiscal cliff.
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By Michelle Jamrisko and Shobhana Chandra, Bloomberg |
November 15, 2012
More Americans than forecast submitted claims for unemployment insurance last week as superstorm Sandy wreaked havoc on the job market.
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By Alex Kowalski and Michelle Jamrisko, Bloomberg |
November 8, 2012
Fewer Americans than forecast filed claims for unemployment insurance last week as the effects of Hurricane Sandy started to show up.
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By Alex Kowalski, Bloomberg |
November 8, 2012
The U.S. trade deficit unexpectedly narrowed in September to the lowest level in almost two years as exports climbed to a record.
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By Phil Flynn |
November 2, 2012
Gas prices should fall as Northeast refiners come back on line and the Colonial pipeline comes back on today!
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By Brian Wingfield |
October 31, 2012
A U.S. regulator says Barclays Plc should pay a record $435 million penalty and give up $34.9 million in profit for allegedly manipulating energy markets from late 2006 to 2008.
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By Kasia Klimasinska, Bloomberg |
October 20, 2012
JPMorgan apologized for "inadvertent mistakes" by its energy-trading unit, seeking to keep operating a business that logged $2.2 billion in transaction revenue last year.
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By Phil Flynn |
October 15, 2012
The oil market is on hold on news that should crush the market, yet it is failing to make a substantial move lower. Perhaps the market is skeptical of the offer by Iran.
