Home / Business (page 40)


US likely to report another month of solid hiring for Feb.

The Statue of Liberty as seen at night. (Image: StatueLibrtyNPS via Flickr)

WASHINGTON (AP) — U.S. workers have been largely insulated from a global slowdown. Job growth remains steady and wages are finally picking up — trends that will be put to the test in Friday’s employment report for February. Economists have forecast that employers added a solid 195,000 jobs last month, up from the 151,000 added in January, according to data ...

Read More »

US stocks dip following jobs report; utilities trade lower

FILE - This May 11, 2007 file photo shows a Wall Street sign in front of the flag-draped facade of the New York Stock Exchange. Bond prices fell slightly Friday, March 4, 2016 sending yields higher, after the Labor Department reported that U.S. employers added more jobs last month than economists had expected. (AP Photo/Richard Drew, File)

NEW YORK (AP) — Stocks are trading lower Friday morning as a three-day winning streak fades. Utility companies, one of the best-performing sectors this year, took the largest losses. The market is still on track for its third weekly gain in a row. KEEPING SCORE: The Dow Jones industrial average fell 38 points, or 0.2 percent, to 16,906 as of ...

Read More »

US factory orders up 1.6 percent, best in 7 months

In this Monday, Dec. 7, 2015, photo, taken with a fisheye lens, the distinctive winglet on the second Boeing 737 MAX airplane being built is shown on the assembly line in Renton, Wash. On Thursday, March 3, 2016, the Commerce Department reports on U.S. factory orders for January. (AP Photo/Ted S. Warren)

WASHINGTON (AP) — Orders to U.S. factories increased in January by the most in seven months, while a key category that tracks business investment plans rose by the largest amount in 19 months. Factory orders rose 1.6 percent in January after two months of declines, the Commerce Department reported Thursday. It was the biggest jump since June, though it was ...

Read More »

Buffett says US economy weaker than he expected but growing

Warren Buffet Berkshire Hathaway

OMAHA, Neb. (AP) — Billionaire Warren Buffett says the U.S. economy appears weaker than he thought it would be as recently as last fall, but that doesn’t change his optimistic long-term view of the country’s prospects. Buffett appeared on CNBC this week after releasing his annual letter to Berkshire Hathaway shareholders over the weekend. Buffett says the collapse in oil prices ...

Read More »

Pioneering Oklahoma energy CEO dies in fiery car crash

OKLAHOMA CITY (AP) — Energy tycoon Aubrey McClendon earned a reputation as a pioneer, backing new drilling technology, building Chesapeake Energy into one of the nation’s largest independent producers of natural gas and accumulating a fortune that helped him buy part of an NBA team. But McClendon also drew the scrutiny of federal investigators, who announced antitrust charges against him ...

Read More »

Duke Energy CEO: Cyber-threats grow; EPA lawsuit clarifying


CARY, N.C. (AP) — The volume of cyberattacks on the country’s largest electric company is astounding, and much of it is coming from computer hackers backed by foreign governments, Duke Energy Corp. CEO Lynn Good said this week. So besides hardening online defenses, Duke Energy is focusing on how quickly the company could restore power if the flow to any ...

Read More »

CEO says Exxon ready for acquisitions, investing in business

CEO says Exxon ready for acquisitions, investing in business

DALLAS (AP) — Exxon is interested in acquisitions while oil prices are low, but CEO Rex Tillerson says sellers have unrealistic price expectations. Tillerson said Wednesday that Exxon Mobil Corp. is in financial position to pursue acquisitions or change its spending plans depending on what happens to the oil market. Earlier this week Exxon raised $12 billion from a bond ...

Read More »

Police: Ex-Chesapeake CEO Aubrey McClendon dies in crash

Former Chesapeake Energy executive Aubrey McClendon died in one-car crash Wednesday, one day after being indicted on big rigging oil and natural gas leases. (Image via Youtube)

OKLAHOMA CITY (AP) — Aubrey McClendon, a natural gas industry titan, was killed in a fiery single-vehicle crash in Oklahoma City on Wednesday, a day after he was indicted on a charge of conspiring to rig bids to buy oil and natural gas leases in northwest Oklahoma. Police Sgt. Ashley Peters said 56-year-old McClendon, also a part-owner of the NBA’s ...

Read More »

Stocks edge lower in early trading a day after a big gain

FILE - This July 15, 2013, file photo, shows the New York Stock Exchange. U.S. stocks are opening slightly lower, Wednesday, March 2, 2016, as the market gives back some of a big gain from the day before. (AP Photo/Mark Lennihan, File)

NEW YORK (AP) — U.S. stocks are slightly lower in Wednesday’s early trading as oil prices decline and utility stocks struggle. A day earlier, stocks made their biggest gains in more than a month. Utility company stocks are tumbling as bond prices continue to fall, making the dividend-rich sector less appealing to investors. KEEPING SCORE: The Dow Jones industrial average ...

Read More »

Two Oil Industry Executives, Colin Goodall and Dr. David Bamford, Join OAG Analytics’ Big Data Efforts

data analytics for oil and gas

OAG Analytics, a software company bringing big data and advanced analytics to the upstream oil and gas business, has named two senior oil industry executives to key positions. Mr. Colin Goodall, former chief financial officer of BP Europe, has joined the OAG’s Board of Directors. Dr. David Bamford, former chief geophysicist and head of exploration for BP, will chair OAG’s Board ...

Read More »