Archive for May 31st, 2008

Russia TNK-BP CEO resists calls to step down

Saturday, May 31st, 2008

MOSCOW - The CEO of Russian oil firm TNK-BP, owned 50-50 by BP and a group of Russian tycoons, has said on Saturday he was committed to his role despite demands from the Russians that he resign amid a deepening shareholders’ row.

Changes to commodities regulations expected: report

Saturday, May 31st, 2008

NEW YORK - The United States commodity markets’ chief
regulator will unveil policy changes next week meant to address
public and political concerns that market malfunctions may be
contributing to rising food and energy prices, The New York
Times reported on Saturday.

Tech jumps on Dell optimism; broader market flat

Saturday, May 31st, 2008

NEW YORK - United States technology shares rose on Friday as strong results from computer maker Dell Inc signaled that business and consumer spending was holding up, driving the Nasdaq to end the month up 4.6 percent.