Home / Business (page 50)

Business

US stocks slide again as China woes lead to global selling

NEW YORK — U.S. stocks slipped Thursday on spreading fears about the health of China’s economy, and financial and industrial stocks were among the hardest hit. China’s stock market sank about 7 percent Thursday after the yuan fell to its lowest level against the dollar since March 2011. Trading was automatically suspended as a result. That set off a slump ...

Read More »

ARCO counter-sues Montana residents in ongoing legal battle

BUTTE, Mont. — An oil company has counter-sued residents of Opportunity and Crackerville who are seeking further cleanup of a mine smelter site than is required by federal regulators. The Montana Standard reports that the Atlantic Richfield Co. filed a federal lawsuit naming 97 residents, claiming their long legal fight for cleanup of smelter waste contamination will interfere with cleanup ...

Read More »

Minnesota and other Midwest manufacturers take it on the chin in December

Minnesota and other Midwest manufacturers slowed in December to one of the worst performances in six years due to the strong U.S. dollar and weaknesses in Canada and abroad, according to a widely watched economic report. “Those factors will continue to squeeze U.S. and regional manufacturers,” said Ernie Goss, director of Creighton University’s Economic Forecasting Group, which produces the Mid-America ...

Read More »

Private-sector hiring accelerated in December to 257,000, ADP says

Private-sector hiring accelerated in December to 257,000, ADP says

Companies accelerated their hiring in December, adding a robust 257,000 net new jobs in a sign that the labor market finished last year strong, according to a report Wednesday from payroll firm Automatic Data Processing. The job growth figure exceeded analyst expectations. It was the most net new private-sector jobs since December 2014 and a big jump from a downwardly ...

Read More »

US factory orders, inventories fall in November

U.S. factory orders, inventories fall in November

WASHINGTON – New orders for U.S. factory goods fell in November and inventories declined for a fifth straight month, the latest indication that economic growth braked sharply in the fourth quarter. The Commerce Department said on Wednesday new orders for manufactured goods slipped 0.2 percent after a downwardly revised 1.3 percent gain in October. The decline was in line with ...

Read More »

Big oil to cut investment again in 2016

Gasoline drips off a nozzle during refueling at a gas station in Altadena, California March 24, 2012. REUTERS/Mario Anzuoni

LONDON – With crude prices at 11-year lows, the world’s biggest oil and gas producers are facing their longest period of investment cuts in decades, but are expected to borrow more to preserve the dividends demanded by investors. At around $37 a barrel, crude prices are well below the $60 firms such as Total <TOTF.PA>, Statoil <STO.OL> and BP <BP.L> ...

Read More »

Wind power startup nabs $200 million for projects on homes, farms

Wind power startup nabs $200 million for projects on homes, farms

United Wind Inc, which has carved out a niche leasing wind turbines to farms and rural homes, has clinched $200 million in funding from Toronto-based Forum Equity Partners – the largest-ever single investment in small wind projects. The funding is a vote of confidence not only in the Brooklyn, New York-based startup, but in the nascent market for wind energy ...

Read More »

Liberty Utilities seeking to buy more natural gas from proposed pipeline

CONCORD — Liberty Utilities officials want to buy more natural gas than they’ve already signed up for from the proposed Northeast Energy Direct pipeline, saying the move will benefit their customers and the project. Meanwhile, a coalition of 15 southern New Hampshire communities fighting the pipeline — including five from Cheshire County — wants to get involved in the state ...

Read More »