Mining company Teck Resources Ltd. said Friday it is selling a 17 percent stake to China Investment Corp. for 1.74 billion Canadian dollars in a bid to reduce its debt.
By all accounts, Shiner beer shouldn’t have made it this long. The Spoetzl Brewery ferments its brew in a one-stoplight town that’s not on the way to anywhere, and much larger regional brewers long ago succumbed to consolidation and the muscle of national brewers.
The Saturday Evening Post, a centuries-old publication that helped make illustrator Norman Rockwell a household name and showcased some of America’s greatest writers, is returning to its roots to show readers the value of a quiet read in an increasingly frenetic digital age.
PVM Oil Associates, the world’s biggest over-the-counter oil brokerage, says it lost nearly $10 million this week because of unauthorized trades that caused a temporary spike in Brent crude markets.
European stock markets traded in a narrow range Friday as investors caught their breath after big losses the day before on U.S. jobs data. Wall Street’s closure for the Independence Day holiday kept trading volumes exceptionally light.
The Founding Fathers left one legacy not celebrated on Independence Day but which affects us all. It’s the national debt.
Oil prices hovered above $66 a barrel Friday in light holiday trading a day after grim unemployment numbers from the U.S. and Europe sent prices tumbling.
General Motors Corp. may have to wait out the long holiday weekend to learn if its bankruptcy plan is moving forward, after U.S. Judge Robert Gerber adjourned a three-day hearing without indicating when he will rule on GM’s plan to sell its good assets to a new company.
Several states are facing the prospect of government shutdowns and program cuts as they enter the first weekend of the fiscal year and July Fourth holiday without a budget in place.
First you paid to insure your car. Soon you may have to add health insurance premiums to that stack of monthly bills as well.
