Natural Gas News
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Updated 22 minutes ago
U.S. stocks declined, after the Standard & Poor’s 500 Index climbed four straight weeks, as investors weighed the pace of central bank stimulus efforts amid corporate dealmaking.
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Updated 44 minutes ago
The Standard & Poor’s 500 Index retreated from a record amid concern the Federal Reserve will scale back its stimulus efforts. Gold and silver advanced as Moody’s Investors Service warned the U.S. rating may be cut. The yen rebounded from the weakest level since 2008.
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Updated 54 minutes ago
Freeport-McMoRan Copper & Gold Inc. won approval from shareholders of Plains Exploration & Production Co. for a $6.63 billion takeover after sweetening the bid for the largest U.S. oil and natural gas purchase announced in the past year.
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Updated 9 minutes ago
Hedge-fund managers are making the biggest ever bet against gold as billionaire George Soros sold holdings last quarter and Goldman Sachs Group Inc. predicted more declines after the longest slump in four years.
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Updated 2 hours, 39 minutes ago
Natural gas futures advanced to the highest settlement price in almost three weeks on forecasts for above-normal temperatures that would boost demand for the power- plant fuel to run air conditioners.
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Competitive Power Ventures Holdings LLC said its new 800-megawatts plant in Southern California began providing electricity on the spot market within a week of starting up.
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Freeport-McMoRan Copper & Gold Inc. sweetened its bid for Plains Exploration & Production Co. to win shareholder support for the takeover, offering special cash dividends to raise the value of the deal to $6.6 billion.
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Qatar created a $1 billion investment arm to add foreign power and water assets to stakes it already has in businesses from Barclays Plc to Harrods department store.
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U.S. nuclear-power generation rose to the highest level in 10 weeks as reactors in Connecticut and Michigan finished refueling.
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Oil Refineries Ltd. was poised for the biggest gain in more than seven months as the refiner of crude oil products narrowed its quarterly loss on better refining margins.
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