Pannysylvania Magazine

Business

Judge tosses lawsuits against BP over drilling ban

In a decision that likely saves oil company BP billions of dollars, a federal district judge has dismissed hundreds of claims for losses because the government shut down deepwater drilling

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ECB effect: Dow, S&P 500 flat as Nasdaq slips 0.3%

U.S. stocks gave up early gains Thursday as investors digested an array of fresh stimulus measures from the European Central Bank designed to combat weak growth and low inflation but

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Nasdaq to acquire options exchange operator ISE for $1.1B

Nasdaq (NDAQ) has agreed to a $1.1 billion acquisition of International Securities Exchange, the Deutsche Börse Group-owned operator of three electronic options exchanges, the U.S. financial trading company said Wednesday.

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Iran slowly increasing its oil market share

Iran is expected to raise the April Official Selling Price (OSP) of its flagship light crude oil to Asia to 25 cents above the Saudi’s similarly graded Arab light. This

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2016′s winner might shock you

Wall Street appears to have regained its mojo, with stocks in one month going from the brink of a bear market to their highest point this year. But that’s not

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Deutsche Bank cuts bonuses 17%, cites ‘challenging’ times

Deutsche Bank cut bonuses 17% last year, citing a “challenging” 2015. The bank also warned that 2016 is off to

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Apple-FBI duel is playing big at SXSW

From President Obama’s answer to a question on the topic following his keynote speech Friday, to an excoriated rebuke from

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China takes control of global silver prices

China has been an unofficial price-setter for most metals over the past decade. And this week, the country became an

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Dow looks to erase 2016 nightmare on Wall Street

The Dow hasn’t done it yet, but it’s close to erasing all the red ink that drenched it at the

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Contraction in U.S. shale pushes oil towards $40

Crude oil prices have rallied by more than 30% since early February and investors are growing more confident that a

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Stocks fall, ending Dow’s 5-day win streak

The Dow Jones industrial average paused Tuesday after a five-session winning streak drove the blue-chip stock gauge to its highest

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Epic bear market preceded aging bull

Before lighting a candle on the bull market’s seventh birthday today, how about a quick glance back at what things

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