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Oil companies will face the full force of the law if they manipulated prices, Britain's energy minister said on Wednesday as a rating agency warned of massive fines if a European Commission's probe into oil pricing found any wrongdoing.Oil firm Eni said the European Commission had asked it to provide information, although it was not being probed.The Italian company's statement came a day after the offices of Shell , BP and Statoil were raided by investigators over suspected oil price manipulation.The surprise searches of major oil companies, but not their competitors the powerful privately-owned trading companies, were one of the biggest cross-border probes since the Libor scandal and sent shock waves through the secretive industry.Authorities have sharpened scrutiny of financial benchmarks around the world since slapping large fines on some of the world's biggest banks for rigging interest rate benchmarks."If it turns out to be the case that hard-pressed motorists and consumers have b...
As political gridlock in Washington persists, U.S. equity markets have begun to retreat, threatening to create a dreary and potentially ominous final chapter to 2012...
Wall Street has been understandably preoccupied over the past few weeks with events in Washington, especially the painstaking negotiations on the so-called fiscal cl...
With the clock ticking on the fiscal-cliff negotiations, investors are increasingly dreading what their portfolios will look like if Washington fails to reach a deal...
Shares of Facebook Inc jumped nearly 13 percent on Wednesday, as investors breathed a sigh of relief that expiring trading restrictions on a huge block of shares fai...
Shares of Facebook Inc jumped as much as 11.2 percent on Wednesday, as investors breathed a sigh of relief that expiring trading restrictions on a huge block of shar...
Shares of Facebook Inc (NASDAQ:FB) jumped as much as 11.2 percent on Wednesday, even as the biggest block of shares held by insiders became eligible for sale for the...
Dozens of U.S. companies postponed releasing quarterly results after superstorm Sandy hit the U.S. east coast, disrupting power supplies and transportation and flood...
Dozens of U.S. companies postponed releasing quarterly results as Sandy, one of the biggest storms to hit the United States, pounded the east coast, flooding large p...
Hurricane Sandy brought wind and rain to the streets of New York City on Monday, but on Wall Street, it also brought a day of eerie, almost unsettling calm.With U.S....
Shareholder lawyers may have embarrassed just about every top executive in the U.S. private equity industry with allegations of a wide conspiracy to rig deal prices ...
Investors are increasingly betting that Facebook Inc.'s (FB) stock--pressured by disappointing earnings and more shares potentially hitting the market--is poised to ...
Investors are increasingly betting that Facebook Inc.'s (FB) stock--pressured by disappointing earnings and more shares potentially hitting the market--is poised to ...
Now that the tiny island of Cyprus has narrowly avoided a calamitous exit from the eurozone, the financial world has embarked on a search for the next country to sta...
Less than nine months ago, credible investors around the world were bracing for a calamitous breakup of the debt-ridden eurozone that would send the global economy i...
Herbalife Ltd executives defended their business on Thursday as a "legitimate company" with customers outside the network of people who sign up to sell its nutrition...
Herbalife Ltd executives defended the business as a "legitimate company" that has customers other than people who sign up to sell its nutrition products, stepping up...
How durable is the Wall Street bounce following last week's U.S. budget deal? Not very, some speculators believe.Hedge funds are betting that a rally in U.S. stocks ...
The fall over the fiscal cliff was far shorter than many had feared, prompting Wall Street to kick off 2013 with a 250-point buying binge.But could this euphoric res...
Don't let this year's solid stock-market gains fool you, 2012 was yet another anxiety-filled, confidence-reducing year for retail equity investors.From the hugely di...
