Credit Card Interest Rates Remain Unchanged
Interest rates on new credit card offers stayed put for the second straight week.
OIL FUTURES: Crude Drops on Profit-Taking, Euro-Zone Concerns
Crude prices retreated Friday from a multiday rally on profit-taking, a stronger dollar and revived concerns about the euro zone.
IMF Cuts 2012 Brazil Growth View, But Sees Pickup in Second Half
Brazilian economic growth will likely pick up in the second half of this year, the International Monetary Fund said Friday, but the government needs to encourage savings and investment to get growth back on track.
ArcelorMittal, Indiana Regulators, Environmental Groups Reach Settlement Over Waste -AP
ArcelorMittal (MT) has agreed clear more than three million tons of steelmaking waste along Lake Michigan, reaching a settlement with Indiana regulators and environmental groups, the Associated Press reported Friday.
Koch Firm Says MF Global Seeks Untouched $20 Million
The trustee unwinding MF Global Holdings Ltd.'s (MFGLQ) brokerage wants to recover $20 million for customers from a commodities firm that extended a line of credit to MF Global in 2002.
Oil Ends Lower After Seven-day Rally
Crude-oil futures ended lower Friday, taking a breather after seven consecutive days of gains and as investors went back to worrying about the euro zone after Spain's borrowing costs spiked.
New Treasury Office Focuses Research on Shadow Banking, Data Gaps
A new federal office meant to help prevent future financial calamities said Friday it would focus its upcoming research on what is known as the shadow banking system and short-term funding markets as it looks to head off potential crises.
Baker Hughes,Schlumberger Profits Lift Oil Field Services Gloom
Oil field services companies Schlumberger Ltd. (SLB) and Baker Hughes Inc. (BHI) on Friday surprised Wall Street with better-than-forecast second-quarter results at a time when their businesses face rising costs in North America and global economic uncertainty.
Occidental Petroleum: Former Goldman Banker to Become CFO
Large oil producer Occidental Petroleum (OXY) has hired former Goldman Sachs (GS) banker Cynthia Walker as Chief Financial Officer and executive vice president.