(Bloomberg) -- U.S. stock-index futures fell after
energy producers retreated as the price of oil dropped to a
nine-day low.
ConocoPhillips, the third-largest U.S. oil company, slid
after it said it will record a charge of $4.5 billion to write
off its Venezuela projects. Bear Stearns Cos. declined after
the investment bank assigned its top mortgage trader to manage
the bailout of a hedge fund, underscoring the risk of losses.
Read more at Bloomberg Stocks News
energy producers retreated as the price of oil dropped to a
nine-day low.
ConocoPhillips, the third-largest U.S. oil company, slid
after it said it will record a charge of $4.5 billion to write
off its Venezuela projects. Bear Stearns Cos. declined after
the investment bank assigned its top mortgage trader to manage
the bailout of a hedge fund, underscoring the risk of losses.
Read more at Bloomberg Stocks News
No comments:
Post a Comment