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  • Q2 growth revised to 3.3 percent (Reuters)

    A man walks down the aisle of a Home Depot store in New York, August 18, 2008. (Shannon Stapleton/Reuters)Reuters - The U.S. economy expanded at a stronger-than-first-reported 3.3 percent annual rate in the second quarter, as consumer spending and net exports were more robust than initially estimated and inventories fell less sharply, a government report showed on Thursday.



  • Oil rigs gird for Gustav
    As the oil industry braced Thursday for Tropical Storm Gustav, prices rose in anticipation of a potentially devastating blow to production in the Gulf of Mexico.


  • StatoilHydro says makes new Algeria gas discovery
    OSLO, Aug 28 (Reuters) - Norway's StatoilHydro has made a new gas discovery in Algeria's Hassi Mouina licence area, the company said on Thursday. StatoilHydro said that the appraisal well, dubbed Tinerkouk 2 (TNK-2), well tested dry gas and was
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