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Weatherford cuts 3,000 jobs

Texas oil, pumpjack

Weatherford International plans continued cost cuts to bring its net debt from $6.5 billion at the end of 2016 to less than $3 billion over the next four years, said CEO Krishna Shivram on a Feb. 2 conference call, reports the Houston Business Journal. Part of the plan to reduce costs comes in the form of job cuts. The company ...

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AP FACT CHECK: Trump claims Clinton wants to end mining jobs

coal miner, coal mine

WASHINGTON (AP) — A claim from the second presidential debate and how it stacks up with the facts: DONALD TRUMP: “Hillary Clinton wants to put all the miners out of business … The (Environmental Protection Agency) is putting our energy companies out of business.” THE FACTS: Coal companies have been battered by the rise of natural gas production more than ...

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Dominion subsidiaries end weeklong union lockout in 6 states

Dominion Power, union lockout

CHARLESTON, W.Va. (AP) — An agreement has been reached to end a weeklong lockout at Dominion’s natural gas and interstate transmission subsidiaries. Dominion Hope and Dominion Transmission agreed to end the lockout involving 915 workers in six states, while the United Gas Workers Union Local 69 vowed not to strike. The agreement, announced in a joint news release Wednesday, runs ...

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Clinton backs bill to protect benefits for ex-coal miners

coal miners, Clinton

WASHINGTON (AP) — Hillary Clinton is supporting a bill that would protect health-care and pension benefits for about 120,000 former coal miners and their families, an issue that has divided Senate Republicans. “I firmly believe that if you spent your life keeping the lights on for our country, we can’t leave you in the dark,” the Democratic presidential candidate said ...

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Multiagency grants to help communities hit by coal layoffs

we re hiring

HUNTINGTON, W.Va. (AP) — Communities in states hard-hit by coal layoffs are about to receive nearly $39 million in federal grants aimed at helping people get back to work. The Appalachian Regional Commission, the Economic Development Administration and the U.S. Department of Labor announced the following grants on Wednesday: ALABAMA Shoals Entrepreneurial Center in Florence: $1 million for an entrepreneurship ...

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Tired of the Ups and Downs of the Contracting Business? Spray Foam May Be the Boost your Bottom Line Needs

Photo: Profoam.

Owning a contracting business has its ups and downs.  And when the “downs” outnumber the “ups,” it can be a little frightening. Keeping your cash flow steady and your employees busy is what makes a business successful, but when economic conditions, weather, or simply a slowdown in new business all hit at the same time, it can present a challenge. ...

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Manufacturing in New York region weakens in August

manufacturing, factories, New York

WASHINGTON (AP) — Factory activity in New York slowed in early August for the second straight month, and manufacturers in the state cut jobs. The Federal Reserve Bank of New York said Monday that its Empire State manufacturing index dropped to a reading of minus 4.2, from 0.6 in July. Any reading above zero points to expansion. Even so, new ...

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Talen Energy laying off 131 workers at Pennsylvania sites

Talen Energy nuclear power

BERWICK, Pa. (AP) — Talen Energy plans to cut 53 jobs at a central Pennsylvania nuclear power plant, and dozens of other jobs at other facilities around the state. Company spokesman Todd Martin says the jobs will be cut at the Susquehanna Power Plant in Salem Township, near Berwick. That’s about 80 miles northeast of Harrisburg. Another seven workers who ...

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Maryland’s minimum wage to rise 50 cents to $8.75

Moneys

ANNAPOLIS, Md. (AP) — Maryland’s minimum wage and the state’s gas tax are going up. Here’s a look at some new laws that take effect Friday: MINIMUM WAGE Maryland’s minimum wage will rise from $8.25 to $8.75. It’s the latest bump scheduled to take effect since lawmakers in 2014 approved increases over several years from $7.25. It is scheduled to ...

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