Hurricane Isaac has shut down 93% of daily oil production in U.S.-regulated areas of the Gulf of Mexico, a regulator said Tuesday.

Economists have found real value combing through the trash: waste generation tends to be correlated with GDP growth.

Gold futures on Tuesday snapped a three-day winning streak, settling lower as investors took profits and volumes remained thin ahead of a gathering of central bankers on Friday in Wyoming.

Retailers are getting ready to deal with flooding and power outages as Hurricane Isaac barrels through the Gulf Of Mexico toward Louisiana and other Gulf states.

Blackstone Group LP (BX) and several other companies have replaced Knight Capital Group Inc. (KCG) as the designated market maker for certain securities on the New York Stock Exchange, because of potential conflicts of interest arising from the trading firm taking on new backers.

Fuel efficiency of U.S. cars and light trucks will nearly double by 2025 under a controversial standard finalized by the Obama Administration on Tuesday.

Russia's economy ministry sees "serious" risks posed by shale gas to the revenue of Gazprom (GAZP.RS) beginning in 2014, as higher supply from the nontraditional hydrocarbons may hurt prices and demand for Russia's pipeline gas.

German health-care company Fresenius SE & Co. KGaA (FRE.XE) will make a second offer for Rhoen-Klinikum AG (RHK.XE) under the condition that the capital representatives on the private hospital operator's supervisory board step down, according to several people familiar with the matter.

ESPN has extended its television contract with Major League Baseball through 2021 in a deal reportedly worth $5.6 billion.

The Securities and Exchange Commission is investigating the bankrupt mortgage subsidiary of Ally Financial Inc., as part of a probe into possible fraud related to the unit's loan-origination and underwriting practices.