Colombia Oil Sector Hurt by Torrential Rains, Chamber Says
Heavy rains in Colombia's southern, oil-producing region of Putumayo are hampering oil activities there, the Colombian Oilfield Services Chamber known as Campetrol said in a statement Monday.
OIL FUTURES: Crude Tumbles 4.2% on Renewed Euro-zone Fears
The oil market Monday turned away from worries about Iran and news of pipeline outages to bid down oil prices by 4.2% due to renewed concerns about the euro zone.
Portugal Tax Revenue, Expenses Fall in 1st Half
Portugal's government raised less money from taxes but also spent less in the first half of 2012 compared with a year earlier, data from the finance ministry's budget office showed Monday.
Dell Takeover of Quest Approved by Regulators
The U.S. Federal Trade Commission has granted approval of Dell Inc.'s (DELL) proposed $2.4 billion acquisition of Quest Software Inc. (QSFT).
Brazil's Vale 2nd-Quarter Results Seen Suffering From Global Crisis
Brazilian mining company Vale SA (VALE, VALE5.BR), the world's biggest producer and exporter of iron ore, is expected to report that profits and revenue declined in the second quarter as iron-ore prices suffered from the global economic crisis.
Bank of America to Offer Chip Technology for Credit Cards
Bank of America Corp. (BAC) is throwing its muscle behind a credit-card technology aimed at cutting down on hassles U.S. cardholders may encounter when trying to make purchases while traveling abroad.
Fairfax's Watsa Raises RIM Stake to Nearly 10%
Canadian investor Prem Watsa, dubbed the "Warren Buffett of the North," has nearly doubled his company's stake in embattled BlackBerry maker RIM to just under 10%, according to a regulatory filing.
NRG Energy, GenOn Shares Up on Merger Deal
NRG Energy Inc.'s (NRG) plan to acquire rival GenOn Energy Inc. (GEN) in a $1.7 billion all-stock deal appeared to resonate with investors Monday, as both companies' shares rallied despite a broad downturn in U.S. stocks.
Five Cases of Illness in U.S. Tied to Cargill Salmonella-Tainted Beef
Five people have gotten sick from eating salmonella-contaminated ground beef linked to meat from a Pennsylvania plant owned by Cargill Inc., one of the largest U.S. meat-packing companies, according to the U.S. Department of Agriculture.
Caterpillar to Sell Bucyrus Distribution Business in Quebec
Caterpillar Inc. (CAT) has agreed to sell a distribution-and-support business to Hewitt Equipment Ltd. in the province of Quebec, Western Labrador and the Maritimes, as the company continues to shed distribution units from Bucyrus, which it acquired last year.