Oil prices have retreated from Thursday’s multi-year highs amid optimism that crude producers can offset any drop in supply caused by the unrest in Libya.
oil-price-up Brent crude was trading at $112.65 a barrel, after almost breaking through the $120 mark on Thursday. US light crude was at $97.49 a barrel. It surged past $100 on Thursday. Asian stock indexes gained with analysts saying they were now more optimistic about global growth. Singapore’s... [Read More]
History Channel to drop series:After the network announced its decision not to air Katie Holmes’ eight-episode miniseries about America’s First Family
katie-holmes Dropping the much-hyped and pricey production of “The Kennedys” — which stars Tom Cruise’s better half as Jackie Kennedy and Greg Kinnear as President John F. Kennedy — was the “right programming decision for our network,” representatives from the... [Read More]
LG Display’s Profit Hit by LCD Price Drop,LG Display sees profits slump in 3Q
LG Display, the world’s No. 2 maker of LCDs, said Thursday it posted sales of W6.7 trillion, operating profit of W182.1 billion and net profit of W224.2 billion in the third quarter (US$1=W1,129). While sales climbed by 4 percent from the previous quarter, operating profit and net profit plummeted... [Read More]
Goldman Sachs Profit Beats Estimates as Expenses Drop
Goldman Sachs Group Inc., the biggest securities firm by revenue, said profit dropped 40 percent, beating analysts’ estimates, as lower costs and higher investment-banking revenue cushioned a decline in trading. Third-quarter net income fell to $1.9 billion, or $2.98 per share, from $3.19 billion,... [Read More]
