Subscribe via a Feed Reader
* 1 Bcfe output curtailed
* Profit in line with Street estimates
* Shares edge lower
By Anna Driver
Feb 21 (Reuters) - Chesapeake Energy Corp reported sharply higher results on Tuesday as the second largest U.S. producer of natural gas profited from hedging contracts to sell the fuel at higher prices.
Natural… Read More
Kuwait Finance House Research Limited (KFHR) prepared a report on the Islamic Sukuk market. The report notes that the Sukuk market in month of April has been the lowest year to date. The following are the details of the report.
Sukuk issuance during the month of April declined to the lowest level since July 2010 with $4,862.6bn coming from the primary market. The month was dominated by sovereign issuers, particularly in Malaysia where the central bank contributed $3bn of the total sukuk for the month. The Middle East market remains relatively dry this year as conditions remain tough given the continued spread of political uprisings.… Read More
Robert Marcotte can't afford to play it safe anymore. With interest rates likely stuck near zero for nearly three more years, the 61-year-old retired telephone-company manager is about to ramp up his holdings of stocks and municipal bonds, using money now at the bank in certificates of deposit.
"It gets me a little uneasy," says Mr. Marcotte. "Since I'm not working, I am very risk-averse,… Read More
A gauge of future economic activity rose in January for the fourth straight month, adding to evidence that the economy has strengthened in the new year.
The Conference Board said Friday that its index of leading economic indicators rose 0.4 percent in January. The increase pushed the index to its highest point since July 2008.
The measure of leading indicators is designed to anticipate economic conditions three to six months out. Its steady rise has coincided with other positive data that suggest… Read More
* Watch Paul Ingrassia discuss the U.S. presidential campaign and the auto industry on Reuters Insider:
By Paul Ingrassia
<span class="articleLocatio
n">Feb 16 (Reuters) - Michigan's upcoming GOP presidential primary lends itself to automotive analogies. So here's one. If Mitt Romney were a car, he'd be the Mitt-subishi Eclipse.That might well be the upshot of Romney's op-ed in the Detroit News this week deriding the 2009 automotive… Read More
Many small businesses got lean over the last few months. They scrapped fruitless projects, renegotiated costly contracts, introduced more efficient policies and laid off workers. But after the latest employment report revealed that job losses moderated in July, some owners may be thinking about hiring.
"Thanks to layoffs, there are some real talented people out there," says Ken Esch, a partner with PricewaterhouseCoopers' private company services practice in Chicago.… Read More
Dubai: Even as their popularity takes to the incline, sport utility vehicles (SUVs) have had to deal with the negative of being seen as gas-guzzlers. Being environmentally unfriendly is another charge thrown at their doors. Carmakers have been taking note and making overt — and subtle — changes. "In the case of Chrysler Group, major steps have been taken in recent years to ensure that the environmental impact of the company's vehicles — specifically Jeep and Dodge SUVs — is minimised as much as possible," said Jack Rodencal, regional managing director at Chrysler Group ME. "This is a key part of… Read More
The Internal Revenue Service estimated that Americans underpaid their taxes by $385 billion for tax year 2006 in its latest report on the nation's "tax gap"—an estimate of taxes owed but not paid.
As in the last report, released five years ago, the largest single element of noncompliance was unreported income from small businesses.
The agency said U.S. taxpayers—both individuals and corporations—paid 85.5% of what they owed in 2006, compared… Read More
In a letter addressed to Congress, Postmaster General Patrick Donahoe calls for slashing 150,000 jobs - mostly through retirements. The most significant savings Donahoe suggests would come from the Postal Service breaking away from the federal health benefits plan.
Read MoreMany small employers found it difficult to find qualified job applicants in December, according to the latest survey data from the National Federation of Independent Business.
The Washington, D.C., lobby group said Thursday that small businesses shed an average of 0.15 workers last month, based on preliminary data from a survey of 735 small-business owners nationwide.