industry
General Motors' (GM) finance head, Chris Liddell, has resigned after taking the company through its first profitable year since 2004.
At a press conference, Mr Lidell said he doesn't want to be a chief financial officer any more.
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General Motors finance head quits after return to black
A-95 rushes to 10 UAH per liter
Over the holidays – plus 40 kopecks
In Kiev, gasoline sold already for 9.75 UAH. per liter.
Oil pares losses as Saudi protest heightens worries
NEW YORK () - Oil recouped most of its deep losses in late trade on Thursday after reports of police firing on protesters in Saudi Arabia revived fears of further unrest in the world's top exporter.
Prices had tumbled early in the day after a Spanish credit rating revived worries over euro zone credit, driving the dollar higher.
Train tickets can rise in price by 20%
“Ukrzaliznytsya” requires an increase in price tickets by 20%.
In an interview with BUSINESS said CEO Ukrzaliznytsya Michael Kostiuk.
Crying wolf? Oil companies that fought the drilling moratorium will survive
The moratorium on deepwater drilling in the Gulf of Mexico in the wake of the Deepwater Horizon oil spill ended back in October of 2010. Since then, the two companies, Ensco and Hornbeck (HOS (HOS)),that sued the government, fearful of the damage the moratorium could do to their businesses, are poised to recover.
All oil companies can technically drill in the Gulf again, after Secretary of the Interior Kenneth Salazar lifted the moratorium, which began in May of 2010, in October. The government just issued its first deepwater drilling permit since the BP (BP) disaster to Noble Energy on February 28. Offshore operators were vocal that the moratorium would hit them hard, but now, nearly a year later, did the moratorium really affect some of its most vocal opponents?
Oil prices fall on Saudi comments and Opec talks
Oil prices fell on Tuesday after the Saudi oil minister said his country had 3.5 million barrels per day of spare capacity available, if it were needed.
"Saudi Arabia will continue to reliably meet the world's petroleum needs," oil minister Ali Al-Naimi said.
Daimler, Rolls-Royce in $4.4 billion Tognum diesel bid
Germany's Daimler and Britain's Rolls-Royce moved to ratchet their diesel operations up a gear with a 3.2 billion euro ($4.4 billion) joint bid for industrial engine maker Tognum.
But while Tognum said there was a deal in principle, it warned that price was a sticking point, raising expectations that the powerful industrial duo of Daimler and Rolls-Royce would have to raise their 24 euro-per-share offer.
Air France, BA Risk Derailing Recovery as Seat Discipline Slides
Air France-KLM (AF) Group and British Airways are among major carriers risking a decline in fares as they add seats faster than demand for flights expands.
Global capacity rose more sharply than traffic in December and January for the first time since August 2008, a month before the collapse of Lehman Brothers heralded a slump in travel, according to International Air Transport Association data.
Brent slips below $113 as OPEC discusses oil output
Oil prices fell sharply on Tuesday with Brent crude dropping more than $2 a barrel after Kuwait's oil minister said OPEC was considering boosting production for the first time in more than two years.
The Organization of the Petroleum Exporting Countries has yet to change its production policy officially, even though it has been boosting supply informally for months and Saudi Arabia has offered to help make up for the loss of around two thirds of Libya's output.
Oil at 2-1/2-year high, world stocks retreat
Crude oil prices jumped to a 2-1/2-year peak on Monday as worries about supply disruption increased due to widening clashes in Libya, while world stocks fell on concern sustained high oil prices could hurt growth. Unrest in the oil-rich Middle East stoked demand for precious metals, with gold -- often sought in times of geopolitical tensions -- rising close to a lifetime high at $1,434.82 an ounce, while silver surged to a 31-year peak.
Oil rise 'to hit airline profits'
Airlines will see their profits almost halve this year because of the recent jump in oil prices, the International Air Transport Association (Iata) says.
Net profit for the industry will be $8.6bn (?5.3bn) in 2011, down from $16bn in 2010, Iata said. It had previously forecast earnings of $9.1bn.
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