BRIEFCASE.Byline: -- Staff and Wire Services Price for crude rises on attack LONDON -- Crude-oil prices rose Friday after a deadly attack on an oil facility in Nigeria, and as the U.S. dollar weakened due to speculation of further interest rate hikes in Europe. Light sweet crude for January delivery rose 66 cents to settle at $59.90 a barrel in electronic trading  This article or section is in need of attention from an expert on the subject.Please help recruit one or [ improve this article] yourself. See the talk page for details. on the New York Mercantile Exchange New York Mercantile Exchange (NYMEX) The world's largest physical commodity futures exchange. . Brent crude rose 68 cents to close at $60.03 on the ICE Futures exchange Futures Exchange Traditionally, a term referring to a central marketplace where futures contracts and options on futures contracts are traded. More recently, with the growth in electronic trading, it is also used to describe the activity of futures trading itself. in London. In other Nymex trading, heating oil ended 3.05 cents higher at $1.6970 per gallon, unleaded gasoline rose 1.02 cent to settle at $1.5990, and natural gas finished 23.8 cents higher at $7.956 per 1,000 cubic feet. Seven foreign oil workers were taken hostage Wednesday from an Italian oil ship off Nigeria's southern coast, the latest in a string of hostage takings and attacks on Nigeria's oil industry which have cut production by 25 percent since the beginning of the year. A British man was killed along with two kidnappers and a soldier as the other six hostages were freed by the Nigerian navy, according to the Italian oil company involved, Eni SpA. Ford pressed on Syria ties DETROIT -- Federal regulators have pressed Ford Motor Co. for information about its business in Syria and Sudan, which are under economic sanctions or other controls for being state sponsors of terrorism State Sponsors of Terrorism is a designation applied by the United States Department of State to nations who are designated by the Secretary of State "to have repeatedly provided support for acts of international terrorism. . Ford said its operations in those countries are legal and not material to investors. The Securities and Exchange Commission, in a letter to Ford dated July 5 but not released until Friday by the agency, said it appeared from Ford's Web site and news media accounts that the company has operations in Sudan and Syria. It also said that Mazda Motor Corp., which is part-owned by Ford, has a presence in Iran and Syria. Ford responded in a letter dated July 18 that it has one authorized dealership in Syria, which opened in May. Airbus dispute affects launch PARIS Paris, in Greek mythology Paris or Alexander, in Greek mythology, son of Priam and Hecuba and brother of Hector. Because it was prophesied that he would cause the destruction of Troy, Paris was abandoned on Mt. -- A dispute between the French government and the main shareholders of Airbus parent EADS EADS European Aeronautic Defence and Space Company N.V. EADS Expeditionary Air Defense System (USMC) EADS Extended Air Defense Systems EADS Environmental Assessment Data System EADS Echelons Above Division Study is holding up a decision on the A350 jet's launch, two people close to major EADS shareholders said Friday. The board of European Aeronautic aer·o·nau·tic also aer·o·nau·ti·cal adj. Of or relating to aeronautics. aer  o·nau Defence and Space Co. called off a meeting that had been scheduled to discuss the A350 launch -- badly needed to compete with Boeing Co. -- on Friday because the French government could not agree with Lagardere SCA (Single Connector Attachment) An 80-pin plug and socket used to connect peripherals. With a SCSI drive, it rolls three cables (power, data channel and ID configuration) into one connector for fast installation and removal. and DaimlerChrysler AG over how to finance the program, the two people said. The people, who spoke on condition of anonymity because the discussions were confidential, said another board meeting had been scheduled for next week. According to some press reports, Lagardere and DaimlerChrysler have resisted moves by the French government to increase its 15 percent stake in EADS. |
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