Billionaire oilman T. Boone Pickens is scaling back his massive Texas wind project, citing a drop in natural gas prices and the tightening credit market.
GE Capital, the financing arm of conglomerate General Electric, is eligible for government backing of $139 billion of its debt, a company spokesman said Wednesday.
Oil prices settled at a 21-month low Wednesday as investors worried about a global slowdown in crude demand ahead of the latest U.S. government inventory report.