Relief arrives for U.S. shale firms as OPEC folds in price battle

HOUSTON (Reuters) - It was a moment U.S. shale oil producers have been waiting on for more than two years: OPEC nations finally agreed to cut production on Wednesday in a move that lifted low prices ravaging their budgets.

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Tesla’s Musk: No more discounts on new cars

DETROIT (Reuters) - Electric carmaker Tesla Motors Inc. Chief Executive Elon Musk told employees in an email to follow company policy of not offering discounts on new cars, responding to some investors' concerns about the practice.

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Chesapeake receives DoJ subpoena on accounting for asset purchase

(Reuters) - Chesapeake Energy Corp said it received a subpoena from the U.S. Department of Justice seeking information on the accounting methodology for the acquisition and classification of oil and gas properties.

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