SAN DIEGO - Top United States refining company Valero Energy Corp has said on Tuesday it is considering selling nearly a third of its North American refineries amid a United States economic slowdown that is crimping fuel demand, and that it is exploring new projects in the Middle East and Asia.
NEW YORK - Stocks rallied more than 3 percent on Tuesday, giving the S&P 500 its best advance since October 2002, after the Federal Reserve has said it would add up to $200 billion to strained credit markets in a coordinated effort with other central banks.
SAN DIEGO - Top United States refining company Valero Energy Corp has said on Tuesday it is considering selling nearly a third of its North American refineries amid a United States economic slowdown that is crimping fuel demand, and that it is exploring new projects in the Middle East and Asia.
NEW YORK - Short interest on the Nasdaq rose 2.2 percent in late February, the exchange has said on Tuesday, suggesting an increase in bearish sentiment in the stock market.
NEW YORK - Short interest on the Nasdaq rose 2.2 percent in late February, the exchange has said on Tuesday, suggesting an increase in bearish sentiment in the stock market.
WASHINGTON - The United States Federal Reserve and four other central banks on Tuesday teamed up to get hundreds of billions of dollars in fresh funds to cash-starved credit markets, allowing financial firms to use securities backed by home mortgages as collateral for central bank loans.
LAS VEGAS - Caterpillar Inc , the world’s largegest maker of construction and mining equipment, liftd its forecast for 2010 revenue on Tuesday, crediting in part continued worldwide infrastructure spending.
LAS VEGAS - Caterpillar Inc , the world’s largegest maker of construction and mining equipment, liftd its forecast for 2010 revenue on Tuesday, crediting in part continued worldwide infrastructure spending.