The following is a selection of the most important news affecting the oil market.
The four biggest U.S. television networks are introducing the most shows in seven years as subscription services like Netflix Inc. make spending on new programs less risky.
French President Nicolas Sarkozy said he’ll move to repeal the tax deductibility of mortgage- interest payments he introduced in 2007 and replace it with more zero-rate loans for buyers to promote home ownership.
Francois Hollande helped President Francois Mitterrand nationalize companies in the 1980s. A decade later, he helped Prime Minister Lionel Jospin sell them.
Exxon Mobil Corp.’s plans to develop a $14 billion underwater oil field off Newfoundland’s coast allows the world’s biggest energy company to hedge against discounted crude from Canada’s oil sands.
Markel Corp., the seller of property-casualty coverage, agreed to buy Alterra Capital Holdings Ltd. for about $3.13 billion in cash and stock to expand in reinsurance.
Walt Disney Co.’s ABC network added eight dramas and five comedies to next season’s schedule, the first from its new entertainment president, Paul Lee .