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Chevron to buy Atlas Energy for $3.2bn

By Agency Reporter Wednesday, 10 Nov 2010 NEW YORK: Chevron Corporation, the second-largest United States oil company, agreed to buy Atlas Energy Incorporated for $3.2bn in cash, giving it access to the natural gas-rich Marcellus Shale formation in Pennsylvania, Bloomberg reported on Tuesday. Shareholders will get $38.25 in cash plus units […]

US small-business index rises to highest

By Agency Reporter Wednesday, 10 Nov 2010 WASHINGTON: Confidence among United States small businesses rose in October to the highest level in five months as more companies projected sales gains and an improving economy, a private survey found. Bloomberg reported on Tuesday that the National Federation of Independent Business‘s optimism index […]

BP may pay billions for ‘missed signals’ that led to disaster

By Agency Reporter Wednesday, 10 Nov 2010 NEW YORK: BP Plc remains at risk for billions of dollars in fines and legal costs even after a United States commission said safety was not sacrificed for profit in the weeks and days leading up to the worst US offshore oil spill, Bloomberg […]