Commodities

A day after a highly anticipated (and fretted about) Greek debt deal was announced, which briefly pushed the Dow Jones Industrial Average over 13,000, the U.S. stock market recorded modest losses. The Dow shed 27 points and closed at just above 12,938. The widely watched blue-chip index traded in a...

Pacific Drilling S.A. (NYSE: PACD) announced today that one of its subsidiaries has reached an agreement with Samsung Heavy Industries to extend an option to construct a seventh ultra-deepwater drillship until March 2, 2012, on the same commercial terms including a delivery date of May 17, 2014.

It may not be a wonderful Wednesday for equities and some commodities, but oil just keeps on chugging higher. As of this writing, the United States Brent Oil Fund (NYSE: BNO) is up 1.3%, trading just pennies below a new 52-week high that was touched earlier in the session and looks poised to...

By Peter Prudden If the WTI oil trade is higher from here, as analysts expect, it's likely we'll see stocks follow for the time being. Leading up to the events of this weekend, it's been all battle drums and posturing among the world's major oil producers and consumers. Over the past few days...

Lake Shore Gold Corp. (NYSE: LSG) -- New resource totals 117,400 ounces gold ("Au") grading 5.29 grams per tonne ("gpt") in Indicated category and 1,027,800 ounces Au grading 6.06 gpt in Inferred category -- New high-grade core at East Deposit between 400 and 800 metre levels,...

PIMCO's CEO Mohamed El-Erian just appeared on CNBC, and gave his outlook on the Eurozone and the broader global economy. On Greece, he said that there was still too much debt and not enough growth. Greece will need another agreement in the future. He characterized the recent deal as something, but...

Wednesday, February 22, 2012 This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session. Benzinga's Top News Fitch Downgrades Greece to 'C' from 'CCC' Garmin Reports (NASDAQ: GRMN) Q4 EPS $0.96 vs $0.66 Est; Revenues $910.00M vs $...

For nearly as long as there has been a South American investment theme, that theme has predominantly been about Brazil. Chile's status as the world's largest copper producer adds relevance to that market, but other South American nations such as Colombia and Peru are often left fighting for U.S....

Stocks moved higher in morning trading on Tuesday as investors reacted to a much anticipated Greek debt deal. At its best levels, the Dow Jones Industrial Average breached the key psychological 13,000 mark before retreating in afternoon trade. At the close, the Dow had added around 16 points to 12,...

Wells Fargo Bank, part of Wells Fargo & Company (NYSE: WFC), today announced that it has entered into a definitive agreement to acquire the North American reserve-based and related diversified energy lending business of BNP Paribas (BNP.PA). Terms of the all cash transaction were not disclosed...