BP to pay Devon $7 billion for oil fields

LONDON (Reuters) - London-based oil major BP has agreed to buy Brazilian, Azeri and Gulf of Mexico assets from Devon Energy for $7 billion, as the U.S. producer refocuses on onshore U.S. fields.

Issues in Depth

A bank employee counts U.S. hundred dollar bills at Kasikornbank in Bangkok January 21, 2010.REUTERS/Sukree Sukplang

The race to the bottom

Keeping currencies competitive is among the last tricks left in the policy bag, but nudging markets can be a dangerous game.  Full Article 

Photo

High stakes in China's big dig

To see the high-risk bet China is making to power its growth, look at the jumble of wires and concrete under its streets.  Full Article 

A traveller is silhouetted as he walks to his flight at Washington's Reagan National Airport 30/12/2009
wall street watercooler:

Up in the air? Maybe not

Instead of hour-long delays, airline passengers might simply get more cancelled flights. Frequent fliers might find their travel changed forever.  Full Article 

 An American flag flutters in the wind aboard a ship docked at New York's South Street Sea Port on November 18, 2002.  	 REUTERS/Chip East

A plan to save the Empire State

New York is awash in red ink. Will the plan that brought New York City back from the brink of bankruptcy work for the state?  Full Article 

Vehicles are seen during rush hour on the 405 freeway in Los Angeles.  REUTERS/Lucy Nicholson

A new threat on the road

Drunk driving is on the decline, but a new breed of reckless driver is getting behind the wheel.   Full Article 

Markets

US Indices

2.95
10,567.33
+0.03%
18.27
2,358.95
+0.78%
5.16
1,145.61
+0.45%

Most Actives

Rates

Int'l Indices

10,664.95
21,228.20
DJSTOXX 500
25.90
5,622.08

Currencies

1.3658
0.011032
1.5047

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