Associated Press

Libyan oil exports have been "ground to a halt," according to the International Energy Agency, as reported by the Associated Press. The AP story can be found here. A major oil etf (NYSE: OIL) traded over 3.5% lower this morning versus yesterday's closing price. U.S. markets traded over 2.4% lower...

As if unrest in Egypt and Libya was not enough, Bahrain is experiencing problems of its own. The tiny Gulf country has been experiencing chaos for two weeks now, as anti-government protesters organize in greater numbers. Much of the conflict in Bahrain stems from a strong religious clash. The...

The banking industry experienced another setback as a report revealed a staggeringly high number of banks at risk of failure in the last quarter of 2010. The number of banks at risk accounted for almost 12% of all federally-insured banks and is the highest number in almost two decades, according...

Investors will be interested to learn that Warren Buffet's company Berkshire Hathaway (NYSE: BRK-A) sold off several of its investments in the fourth quarter of 2010. Included in the sell-off were Bank of America (NYSE: BAC), Comcast (NASDAQ: CMCSA), Nike (NYSE: NKE) and Lowes (NYSE: LOW). In light...

The show is over for the Activision (NASDAQ: ATVI) video game “Guitar Hero.” The Associated Press reports that the publisher has decided to pause production of the Guitar Hero and Tony Hawk video game franchises in 2011. This follows the news that Viacom (NYSE: VIA) had sold Harmonix, the creator...

Rolls-Royce (PINK: RYCEF) will temporarily replace entire engines that have oil leaks on the Airbus A380, an aviation official told Associated Press Monday. The official said the British engine-maker would remove faulty engines and replace them with new ones. The move comes after a midair oil...

Wal-Mart Stores Inc. (NYSE: WMT) is offering to buy South African retailer Massmart Holdings Ltd. for approximately $4.25 billion. The deal would give the world's largest retailer an opening to expand in Africa, a fast-growing region, according to the Associated Press.

The Associated Press is reporting today that Wal-Mart Stores Inc. (NYSE: WMT) will soon be rolling out smaller format stories in urban markets in an effort to continue gaining customers. The new strategy, which is expected to be unveiled at next month's analyst meeting, is aimed to pump up...

Bank of America (NYSE: BAC) CEO Brian Moynihan has bought 30,000 shares of common stock in the company, according to a regulatory filing. The Associated Press is reporting that documents filed with the Securities and Exchange Commission on Monday show Moynihan paid about $13.02 a share in three...

401(k) Hardship Withdrawals at 10-Year High The Associated Press is reporting that new applications for hardship withdrawals from 401(k)s have reached a 10-year high, according to a report issued by Fidelity Investments. The report cited increasing applications for unemployment benefits, large cuts...

The National Association for Business Economics said its latest survey, released Monday, found 31 percent of businesses added workers between April and June, the highest level in three years. The Associated Press reports that "Economists say the U.S. recovery continued during the second quarter of...

The National Association of Home Builders said Monday its seasonally adjusted housing market index fell to 14 in July, the lowest level since March 2009. Shares of homebuilders are trading lower after the announcement. Toll Brothers (NYSE: TOL), KB Home (NYSE: KBH), and Hovnanian Enterprises (NYSE...

The Associated Press is reporting that the credit scores of millions of Americans continues to move lower, many sinking to new lows. According to figures provided by FICO Inc., its appears that 25.5% of consumers (that’s over 43.4 million people) now have a credit score below 600, which is the...

Bank stocks came under pressure once again today after reports surfaced that regulators are investigating whether they misled ratings agencies about the safety of certain mortgage-backed securities. Reuters and The Associated Press both reported that the New York Attorney General Andrew Cuomo is...