Oil Steadies After Two-Day Rally as Report Signals Cushing Gain
-- Oil steadied after a two-day rally as an industry report pointed to the biggest gain in stockpiles at a key U.S. storage hub since February.Futures in New York traded near $72 a barrel after closing 3.7% higher on Tuesday. The American Petroleum reported crude inventories at Cushing rose by 2.4 million barrels last week, according to people familiar with the figures. That would be a fourth weekly gain and the largest increase since the week ended Feb. 19 if confirmed by government data due l
Tesla's Musk over halfway through his pledge with nearly $11 bln stake sale
Dec 3 - Tesla Inc Chief Executive Elon Musk has sold nearly $11 billion worth of shares since the world's richest person polled Twitter users about offloading 10% of his stake in the electric-car maker.He has sold a combined 10.1 million shares, which is over half of the stake that he had pledged to sell, and has acquired 10.7 million shares by exercising options, since Nov. 8.Musk said on Nov. 6 he would sell 10% of his stake if Twitter users agreed. He owned a combination of about 244 million