Oil plummets despite OPEC cuts: Algerian Energy Minister calls move 'preventative' with inventories rising at 'an unreasonable rate'

Article Abstract:

The OPEC cartel agreed on December 10 2004 to cut production by one million barrels a day in a 'preventive measure' to address concerns about inventory built up. While the traders were not happy with the move, the oil prices went down $1.82 (U.S.) a barrel to $40.71.

Production management, Commodity & service prices, Organization of Petroleum Exporting Countries, PETROLEUM AND COAL PRODUCTS, Petroleum, Petroleum and Coal Products Manufacturing, Petroleum & Energy Products, Prices and rates, Organization of the Petroleum Exporting Countries, Company pricing policy

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What, a dot-com billionaire with no yacht?

Article Abstract:

Larry Page and Sergey Brin, cofounders of Google Inc. and Eric Schmidt, executive engineer of Google Inc. holds more than 90milllion share worth about $15-billion (U.S.). These three are involved in a plan to cash in about $2.8-billion worth shares.

Financial management, Executive changes & profiles, Securities issued, listed, Officials and employees, Company investment, Investments, Information services, Securities, Information services industry, Company securities, Google Inc., Schmidt, Eric, Brin, Sergey, Page, Larry

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Microsoft's option move could trigger trend

Article Abstract:

Microsoft Corp.'s decision to drop stock options may spur other companies to follow suit.

Computer software industry, Software industry, Microsoft Corp., Stock options, MSFT, MSFT P

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