December 31, 2009
Stocks fall sharply as investors close out 2009 (AP)
The stock market closed out a remarkable 2009 with a loss as investors bet the improving economy will lead the government to pull back on its stimulus measures. But stocks still managed their best year since 2003 as they recovered from the financial crisis and recession.
Biotech stocks buck market’s rally, slide in 2009 (AP)
Biotech stocks took a turn for the worse in 2009 as the major players dealt with regulatory, manufacturing and political issues as well as a deep recession, but their fortunes could turn in 2010 if they get added patent protection.
Venezuela in oil production deal with Italy’s ENI (AP)
Venezuela’s state oil company has announced a deal with the Italian company Ente Nazionale Idrocarburi for producing and refining crude from an exploration project in the eastern strip of the Orincoco basin.
Tortoise Capital Resources Corp. Announces Sale of Timberline Energy, LLC (Business Wire)
LEAWOOD, Kan.—-Tortoise Capital Resources Corp. today announced that its portfolio company, Mowood, LLC , has entered into a definitive agreement to sell its wholly owned subsidiary Timberline Energy, LLC to Landfill Energy Systems, LLC .
Pacific Asia Petroleum, Inc. to Host Investor Conference Call on Oyo Oilfield Acquisition Update (Business Wire)
HARTSDALE, N.Y.—-Pacific Asia Petroleum, Inc. announced today that it will host a conference call with its shareholders on January 6, 2010.
Oil ends 2009 78 percent above year-ago level (Reuters)
Oil finished the year above $79 a barrel on Thursday, climbing a whopping 78 percent in 2009 and notching the biggest annual gain in a decade.