Some of the world’s largest energy companies and investment banks are becoming more pessimistic about the ability of crude oil pricing to reach even $60 a barrel next year, reporting steep losses as they take hits on projects that no longer make financial sense. Continued oversupply means that next year, Brent crude prices will average $58 a barrel and West Texas Intermediate, the U.S. oil benchmark, will average $54 a
Who says you can’t go home again? For Candace Cameron Bure, home is coming to her on set of Fuller House. The View host revealed the iconic Full House home is being recreated on the Warner…
LONDON (AP) — Ai Weiwei is taking on Lego, brick by brick.
Hedge fund mogul William Ackman told his investors on Friday that he was confident in his bet on Valeant Pharmaceuticals (VRX.N)(VRX.TO) but faulted the company for a weak response to fraud allegations that have sunk its stock. Valeant shares were last down 4.3 percent at $106.74 in New York trading. Valeant denied any wrongdoing in a conference call on Monday.
WARSAW, Poland (AP) — A court in Poland has ruled that the law forbids the extradition of filmmaker Roman Polanski to the U.S., where he pleaded guilty nearly four decades ago to having sex with a minor.
Starbucks shares fell as much as 3 percent in after-hours trading, before settling at $62, down 0.8 percent. Global sales at cafes open at least 13 months rose 8 percent in the fiscal fourth quarter, beating the 6.9 percent rise expected by analysts polled by research firm Consensus Metrix. China’s cooling economy has global investors on edge and already has been blamed for soft results from KFC and Pizza Hut
NEW YORK (AP) — Keira Knightley feels having a child has changed the way she approaches her career — for the better.
Exxon Mobil Corp said on Friday its third-quarter profit fell 47 percent hit by low crude prices, but results were better than expected, helped by higher profits in the oil company’s refining business. …
NEW YORK (AP) — NBC is booking Adele, pretty much everywhere they can get her.
U.S. President Barack Obama early Friday won congressional passage of legislation that lifted the threat of a default on government debt through the end of his presidency and a budget blueprint easing strict spending caps through September 2017. The Senate voted 64-35 to approve the measure, which was negotiated over the past few weeks by the White House and congressional leaders, including former House Speaker John Boehner, who retired from
