As energy shares tumble, opportunity lurks

NEW YORK - Shale stocks have been hard-hit as investors see margins all but evaporating following the slide in crude oil prices, but the U.S. shale energy boom is not over.

Recent Business News

Lawsuit accuses Wells Fargo of biased lending in Chicago area

- Wells Fargo & Co was sued on Friday by Cook County, Illinois, which accused the largest U.S. mortgage lender of targeting black, Hispanic and female borrowers with predatory and discriminatory lending in the Chicago area.

7:44pm EST

German pilots union says fresh strikes imminent at Lufthansa

FRANKFURT - German pilots union VC said late on Friday that talks with carrier Deutsche Lufthansa over early retirement benefits have broken down and that new strikes are possible any time.

6:32pm EST

Exclusive: Einhorn - raising new money as performance lags

BOSTON - Superstar investor David Einhorn is raising cash for the first time since 2012 following three straight years of lagging performance - and some customer redemptions from his $10 billion hedge fund, Greenlight Capital.

4:22pm EST

Billions wiped off energy shares as investors rush for exit

LONDON - A fresh slide in the price of crude wiped tens of billions of dollars off oil companies' market value on Friday and signalled an end to the sector's safe-haven status, as fears mounted over future profits and dividend payouts.

11:36am EST

Speculators increase bets that Brent crude will fall to $65 in first quarter

LONDON - The main bet that oil speculators are making for the first few months of next year is that a barrel of Brent crude will fall to $65, according to options market data.

10:56am EST


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