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MBIA 2nd-quarter profit soars on hefty gains

Bond insurer MBIA Inc. said Friday its second-quarter profit swelled due to non-cash gains on a portfolio of complex insurance contracts. MBIA earned $1.7 billion, or

Brazil's Petrobras finds more light crude offshore

Brazil's state-run oil company announced a new deep-water discovery of light crude in the Santos Basin off the coast of Rio de Janeiro state, extending

`Star Trek Online' is ready to beam up

Star Trek Online" is finally going warp speed ahead. After years in development limbo, the "Trek"-themed massively multiplayer online game will engage, according to game developer

Brazil's Petrobras buys part of Exxon's Chile unit

Brazil's state-run oil company says it is buying ExxonMobil's fuel distribution operations in Chile, continuing its expansion across Latin American energy markets. Petroleo Brasileiro says it

GM, Deloitte to settle shareholder suit for $303M

General Motors Corp. and its auditor have agreed to pay $303 million to settle claims that the automaker misled shareholders about its finances. Under the settlement,

US pilots: Airlines restrict fuel to cut cost

Pilots are complaining that their airline bosses are forcing them to fly uncomfortably low on fuel, cost-cutting measures they fear could compromise the safety of

Securities sales at BNY Mellon under review

Bank of New York Mellon Corp. said in a regulatory filing Friday the Securities and Exchange Commission is investigating the sale and purchase of auction-rate

Oil sinks on stronger dollar, slips below $116

Oil prices resumed their descent Friday, dropping briefly below $116 a barrel as a huge jump in the U.S. dollar and expectations of slowing global

`Star Trek Online' is ready to beam up

Star Trek Online" is finally going warp speed ahead. After years in development limbo, the "Trek"-themed massively multiplayer online game will engage, according to game developer

Brazil's Petrobras finds more light crude offshore

Brazil's state-run oil company announced a new deep-water discovery of light crude in the Santos Basin off the coast of Rio de Janeiro state, extending

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