Oil news

We will fight for the soul of Nigeria (CNN)

Last Sunday the world woke to news of ethnic and religious violence in Jos, central Nigeria.. More.

Credit-Default Swaps and Their Ilk -- Do We Need Them? (Nightly Business Report)

Oh, what a blessed day! Now you can bet on box office success. Legally! That's right: a Wall Street firm called Cantor Futures Exchange is setting up a system for betting on whether a new movie will be a hit or a flop, the same way traders bet on the future price of corn, sow bellies or aluminum. You buy a $100 contract and if the flick makes $150 million in the first few weeks, you get $150 .... More.

US trade gap narrows on falling imports, exports (AFP via Yahoo! News)

The US trade deficit narrowed unexpectedly in January as imports and exports declined and overall volume fell for the first time in five months, the government reported Thursday.. More.

Treasury Yield Curve Near Record Before $13 Billion Bond Sale (Bloomberg)

March 11 (Bloomberg) -- The difference in yields between 2- and 30-year Treasuries was near the highest on record as the U.S. prepares to sell $13 billion of bonds amid signs the global recovery is gaining momentum.. More.

Schoesler concerned for farms (Columbia Basin Herald)

OLYMPIA — Sen. Mark Schoesler, R-Ritzville, spoke out against the state operating budget presented by the Senate due to its affects on agriculture. “It’s like declaring war on agriculture,” stated Schoesler. “Every farmer, every orchardist, every person that grows our food will pay more.. More.

Stocks trade flat on concern about China inflation (Deseret News)

NEW YORK — Stocks traded in a tight range for a fourth day Thursday after China reported a sharp jump in inflation. Mixed U.S. economic news also held the market back.. More.

Etihad in Talks With Airbus to Vary Delivery Schedule, CEO Says (Bloomberg)

March 11 (Bloomberg) -- Etihad Airways, the state carrier of Abu Dhabi, is in talks about delaying receipt of Airbus SAS A380 superjumbos while bringing other deliveries forward as it seeks to post a profit by the end of next year.. More.

From kindergarten to college — Day of Action raises voices in protest (Pacifica Tribune)

Bringing awareness to school budget cuts so severe no one is unaffected, students around the world raised their voices in protest last Thursday. At Skyline Community College, student organizers initiated a walkout from class in the morning. As the carillon struck 10, students in the quad began chanting. More.

Airline Loss Estimate Cut by 50% as Demand Rebounds (Update2) (Bloomberg)

March 11 (Bloomberg) -- Airlines worldwide will lose a collective $2.8 billion in 2010, half the previous forecast, as emerging markets lead a rebound in traffic, the International Air Transport Association said.. More.

Biggest Rally in 76 Years Not Dead as Seers See Gains (Update1) (Bloomberg)

March 11 (Bloomberg) -- Laszlo Birinyi will never forget the moment a year ago when the last ounce of confidence disappeared. Everyone from billionaire Warren Buffett to New York University Professor Nouriel Roubini was convinced that the economy was in a free-fall, that exploding deficits would devastate the dollar and that home prices were heading down as much as 20 percent.. More.