fuel

Larry Archibald, senior vice-president, Exploration and Business Development said, "ConocoPhillips is pleased to become part of the Bangladesh oil and gas community.

ConocoPhillips (NYSE:COP) announced it has signed a deal today with the Government of Bangladesh and Petrobangla, the Bangladeshi state oil company, to explore for oil in two deepwater blocks in the Bay of Bengal.

The move will come in the second or third quarter in an effort to judge the potential of discovering natural gas in the area.

ConocoPhillips shares are down 0.76%, or $0.54, to $70.89.

Shares of ConocoPhillips (COP) are down on a Bloomberg report that the oil giant plans to begin drilling in the Browse Basin off Australia's northwest coast.

Airline stocks are mixed after United Continental Holdings (UAL) raised airfares on a number of routes by $10 per round trip to counter rising oil prices, which are driving up the cost of jet fuel. So far, no other carriers have f

The company said the price increase takes effect immediately. However, consumers may not see the impact on store shelves right away. Many retailers will be able to buy products at the old prices for about 8 weeks.

Hershey said that it expects most of the financial benefit from the increases to be reflected in its 2012 results. The decision comes just weeks ahead of Easter, one of the most popular candy consumption holidays.

Hershey (NYSE:HSY) said it raised wholesale prices by 9.7% due to fuel, raw materials and transportation costs.

The Conference Board's confidence index fell to 63.4 from an upwardly revised 72 in February; lower than the reading of 65 that economists had expected.

Consumers' sentiment could remain suppressed, as fuel and food costs increase, and core inflation begins to creep up as well.

U.S. consumer confidence plummeted in March, as concerns about fuel costs, unrest in the Middle East, and the natural disaster in Japan weighed on sentiments.

Carnival Chairman and CEO Micky Arison noted that the quarter's earnings were at the high end of the company's December guidance due to lower than expected costs which offset higher than expected fuel prices.

Accounting for higher fuel prices and a weakening U.S.

Carnival Corp. (NYSE:CCL) reported Q1 earnings Monday, posting an EPS of $0.19, which was in-line with consensus estimates. The company saw revenues of $3.4 billion for the quarter ended February 28, 2011 compared with revenues of

The company also announced that its Board of Directors has approved a $1.1 billion dividend from Canada to the United States, which is expected to be paid in two installments.

Safeway (SWY) today released its guidance for 2011 earnings, posting expectations for sales growth that could surpass Wall Street estimates. The company said it sees 2011 earnings per share of $1.60 to $1.80, excluding items, vers

Toyota's new AA- rating is still higher than its auto industry peers.

The Japanese car-maker is trading down 1.4% at $90.92 per share.

Standard & Poor's cut its rating of Toyota Motor Corp (NYSE:TM) from AA to AA- Friday, "Because the company's profitability is still weak, its pace of recovery is slower than those of Japanese peers, and its profitability migh