The dispute over Iran's nuclear program has again rocked oil markets. And Iran is threatening to close the Strait of Hormuz, which is just 34 miles wide yet serves as the passageway for 20 percent of the world's oil.
This is not a new drama. In fact, it was a recurring issue in the 1980s. Still, there's been relatively little activity among Gulf oil producers to find alternative routes to get their oil to market.
The Westminster Kennel Club dog show is under way, and that means dogs are being pampered, brushed and cajoled to walk before the event's judges. First held in 1877, the Westminster show claims to be second only to the Kentucky Derby in terms of continuously held sporting events.
Mitt Romney, self-proclaimed "son of Detroit," appears to be in serious trouble in Michigan, falling behind to rival Republican presidential candidate Rick Santorum in new polls.
Despite that, he's standing firm on his position that the Obama administration should have allowed two iconic car companies — GM and Chrysler — to enter the regular corporate bankruptcy process three years ago.
Originally published on Tue February 14, 2012 12:05 pm
A coalition of fans and five U.S. senators are urging the Federal Communications Commission to scrap its so called Sports Blackout Rule. The policy allows the NFL to block local broadcasts of games that don't sell out.
The rule has been in place since 1975, and the Sports Fan Coalition says it is outdated and "fan-unfriendly."
If you believe the Uzbek government, today is not a day for love and friendship. Nope.
It is a day to celebrate the Moghul emperor Babur, who celebrates his birthday on Feb. 14. Now this hasn't always been case in the Central Asian country. The BBC reports that in years past, lovers celebrated Valentine's Day by listening to the songs of Rayhan, "a popular singer whose music mixes Eastern melodies with Western pop."
When your products sell for more than $80 million, selling one of them is a big deal. Selling hundreds of them in one deal means they're probably feeling pretty good over at Boeing right now. The aircraft company has finalized a deal to sell 230 jets to Lion Air of Indonesia, with a total list price of $22.4 billion — a record for Chicago-based Boeing.
The deal, which was first announced in November during President Obama's multi-country tour of Asia, includes 201 737 MAX jets and 29 of Boeing's extended range 737-900ERs.