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The Organization of the Petroleum Exporting Countries met in Vienna Saturday and called for an end to “overproduction” by some members to increase the price of oil.
The “overproduction” makes up for just over a million barrels a day.
In the short term, the cut …

Sony made the announcement that CEO Howard Stringer would be doing double duty for the company and become the president of Sony, taking current president Ryoji Chubachi’s place.
Chubachi will become vice chairman.
Shares of Sony rose 1.3%. Nikko Citigroup even raised Sony’s rating from “buy/high risk” …

Next week OPEC members will meet in Vienna to discuss and decide on how much to cut production by. The emergency meeting was called because oil has fallen 50% from it’s high of $147 a barrel in July. Friday, oil traded at just …