PHILADELPHIA Sunoco placed four employees on administrative leave and said Thursday that it had notified the Department of Justice of what it called improper conduct during a bidding process with an oil producer.
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NEW ORLEANS Tidewater Inc., which provides water transportation for the petroleum industry, said Thursday its board has authorized it to repurchase up to $200 million in shares of its common stock.
PHILADELPHIA Sunoco placed four employees on administrative leave and said Thursday that it had notified the Department of Justice of what it called improper conduct during a bidding process with an oil producer.
- Bits of Business
This fall a new business exposition is set to start in the area. Created by entrepreneurial women, for women, the Entrepreneurial Women’s Expo is looking to bring together the best and brightest women in the local business scene for a day of discussion,
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PHILADELPHIA Sunoco placed four employees on administrative leave and said Thursday that it had notified the Department of Justice of what it called improper conduct during a bidding process with an oil producer.
PHILADELPHIA Sunoco Inc. said Thursday it has placed four employees on administrative leave after an internal investigation into the bidding for a crude oil processing transaction found that they violated company policy.
NEW YORK Healthcare Realty Trust Inc. will replace truck-trailer manufacturer Wabash National Corp. in the S&P SmallCap 600 after the close of trading on July 16, Standard & Poor's said Thursday.
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HOUSTON Chevron Corp. said Thursday its second-quarter earnings from pumping oil will be improved from the first three months of the year, when low crude and natural-gas prices contributed to the worst results in years for oil companies.
Stocks edged higher Thursday as investors encouraged by better-than-expected results from aluminum maker Alcoa Inc. put money into stocks they recently avoided: commodities producers, banks and industrial companies. Money also moved into more economically sensitive industries such as technology and energy, which stand to gain more if a recovery takes hold.
TRENTON, N.J. Gannett Co. says it is eliminating 106 full-time and 19 part-time positions at its six New Jersey newspapers because of the economic recession.
MADISON, Wis. State regulators gave a Wisconsin utility permission Thursday to begin building a giant wind farm in southern Minnesota, opening the door for Wisconsin ratepayers to shell out millions of dollars in construction costs.
GM sale cleared, path opens to exit Chapter 11
NEW YORK Treasury prices slipped Thursday, a day after a big jump, as stock prices recovered.
WASHINGTON With many lawmakers wary of giving the Federal Reserve more power under a proposed financial overhaul, the Fed's No. 2 official on Thursday defended the central bank's ability to take on more oversight responsibilities.
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