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October 29, 2015 11:12 AM ConocoPhillips posts quarterly loss as crude prices crash

ConocoPhillips (COP.N), the largest U.S. independent oil company, reported a quarterly loss, compared with a year-earlier profit, as the slump in crude prices sapped profitability. The Houston-based company also said it would further cut its 2015 capital budget, to $10.2 billion from $11.0 billion. The company posted a loss of $1.1 billion, or 87 cents 50

October 29, 2015 11:04 AM Five Things Everyone Will Be Talking About Today

There's a lot going on this morning - get caught up here The Fed puts December back in play, Deutsche Bank announces losses and staff cuts, and there's lots of news out of China. Here are some of the things people in markets are talking about this morning. Federal Reserve officials pivoted toward a December rate hike in a statement released in Washington 77

October 29, 2015 9:23 AM European stocks firm, dollar rises as Fed revives Dec hike talk

LONDON European shares rose, while the U.S. dollar stood near 2 1/2 month highs against the euro on Thursday, after the Federal Reserve gave a vote of confidence to the U.S. economy and revived expectations it may raise interest rates by year-end. The Fed, which kept its rates on hold as expected, took the unusual step of strengthening its language about 45

October 29, 2015 12:46 AM Angola’s Boom, Fueled by China, Goes Bust

Downturn in Africa’s second-largest crude producer reverberates as far as Beijing and threatens longtime president’s grip on power LUANDA, Angola—The oil boom that turned this Atlantic coast city into the world’s most expensive for foreigners has gone bust, threatening President José Eduardo dos Santos’s long grip on power in Africa’s second-biggest 26

October 27, 2015 7:42 PM What’s in the budget deal?

The budget deal reached between congressional leaders and the White House late Monday seeks to settle all budgetary business until after the 2016 elections when a new president and Congress can begin the fiscal fighting anew. Negotiators are selling the package as a trade-off between the domestic spending increases that Democrats wanted and the defense 37

October 26, 2015 11:05 AM 'Internet-Inspired' Homemade Shotgun Injures Arizona Teen

An teen was injured after shooting himself with a "crude homemade shotgun," officials in Arizona said. The 13-year-old was attempting to fire the weapon when he was struck by part of it in the ribcage, according to the Maricopa County Sheriff's Office. Authorities found the boy after receiving a call that a juvenile had been shot just after 4 p.m. local 13

October 24, 2015 2:32 PM New Russian military might on full display in Syria

HEMEIMEEM AIRBASE, Syria — Sleek combat jets loaded with precision bunker-buster bombs roar into the skies as soldiers in desert-style uniforms march past rows of neat housing at this Russian military base at one of Syria’s largest airports. The air campaign in Syria, Russia’s first military action outside the former Soviet Union since the war in Afghanistan 54

October 23, 2015 2:15 AM Palestinian Anger in Jerusalem and West Bank Gets a Violent Soundtrack

Nationalistic songs, some with violent lyrics, are fueled by social media, much like the Palestinian uprising itself. RAMALLAH, West Bank — The Palestinian teenagers who came one after another into the True Love gift and music shop on a recent afternoon all had the same request: nationalistic songs — the new ones. The proprietor quickly handed over the CDs that he had just started 54

October 21, 2015 9:48 PM Cenovus Energy CEO Dismisses Speculation of Takeover Bid

Cenovus and other oil-sands producers slashed costs, cut jobs and delayed expansion in response to lower crude prices CALGARY, Alberta—Cenovus Energy’s Chief Executive on Wednesday dismissed speculation his company might be a takeover target, or involved in near-term acquisitions itself, a move designed to dampen speculation the oil-sands producer’s 21

October 20, 2015 6:54 AM Trudeau, Canada's Liberal Party end Harper's nearly 10-year rule

Canadians voted for a sweeping change in government Monday, giving Liberal Party leader Justin Trudeau a majority to end the nearly 10-year rule of Conservative Prime Minister Stephen Harper. Trudeau, 43, the oldest son of the late prime minister Pierre, who led Canada for more than a decade, will become the second youngest prime minister in Canadian 49