SAN RAMON (AP) - Chevron says higher oil prices will help push first-quarter profit higher than fourth-quarter earnings despite a drop in U.S. production. The oil company said Tuesday that it also benefited from higher refining profit margins, lower operating costs, and gains from selling assets. Foreign-exchange losses are expected to be larger. Chevron Corp. didn't say what ...
DETROIT (AP) - A financial company that is betting on a Detroit turnaround is trying to lure laid-off Yahoo workers to Michigan. Quicken Loans has started the website www.valleytodetroit.com to promote the Motor City to Yahoo workers axed last week in California. Quicken's businesses include mortgages, venture capital and sports graphics. Sunnyvale, Calif.-based Yahoo announces plans Wednesday ...
TOKYO (AP) - Sony Corp. will cut about 10,000 jobs worldwide over the next year as it tries to return to profit, Japanese news reports said Monday. The Nikkei business daily and other media said Sony's decision to slash 6 percent of its work force comes as it struggles with weak TV sales and swelling losses. Sony spokeswoman ...
Natural gas firm proposes ND-Okla. oil pipeline
PALO ALTO . (AP) - Computer security provider Palo Alto Networks Inc. is eyeing taking the company public in an offering that aims to raise as much as $175 million. In preliminary documents filed by the company on Friday with the Securities and Exchange Commission, Palo Alto said it intends to use proceeds from an initial public offering to fund working capital, ...