Economy


Kuwait says oil unions end strike over government cutbacks
- April 21, 2016

It's unclear exactly how long it will take Kuwait to get production back to 3 million barrels a day, but it is widely expected to be achieved by the end of the week. 5 percent higher in the earlier session, fell 0. 3 percent in early trading. Brent is up by more than 1.65% to $43.62 per barrel, while WTI has jumped 1.43% to $41.78. (more...)
Yahoo deterioration deepens as company mulls possible sale
- April 21, 2016

And the owner of the UK's Daily Mail newspaper is also considering a bid in partnership with other parties. Other bidders included the private equity firm TPG . He said he's seeking " enough representation " on the board, but didn't offer a specific dollar amount to what a good deal for the core business would look like. (more...)
Fruit recalled because of possible glass Fruit recalled because of possible glass
- April 20, 2016

The 8-ounce jars were distributed by Milky Way International Trading Corp. of Salt Lake City. According to Bloomberg , Milky Way International Corp. was founded in 1976, and operates as a canned food import distribution company. There has been one consumer complaint about glass in the peaches, but none on the mixed fruits. The recalled products are Item #80894 Nice! Brand Peaches in Light Syrup, 8 oz size, item number 80894, with a lot number of 3700/01069 12/15/2017 and Nice! For questions, ... (more...)
Viewer's Guide: Trump looks for big NY win; size counts
- April 20, 2016

Republican presidential candidate Donald TrumpDonald TrumpTrump's jet not registered to fly with FAA Clinton: Trump, Cruz "not a gamble we can afford" Trump convention manager meets GOP lawmakers MORE's son, Donald Trump Jr., this week likened the GOP delegate system to communist China. (more...)
How Donald Trump can win the inside delegate game in NY
- April 20, 2016

The Republican source told Reuters the changes were a "natural evolution" of Trump's campaign."Frankly we're in a position where we'd like to see if we could close it out", Trump said Tuesday on the "Fox & Friends" program. Polls indicate that Trump will own New York City, but that he could struggle in the rest of the state. Republican National Committee chairman Reince Priebus briefed GOP members of Congress Tuesday on the process of choosing delegates to July's presidential ... (more...)
UnitedHealth to trim ACA exchanges to 'handful' of states UnitedHealth to trim ACA exchanges to 'handful' of states
- April 20, 2016

The administration sought to tamp down worries about the overall state of the health insurance exchanges despite this uncertainty. The insurer now operates in 34 states . But the company then expanded to two dozen exchanges a year ago and said in October it would add to that total. Despite the murmurs, and shouts in some cases, of Obamacare being unsustainable, the truth is that UnitedHealth is a relatively small player in the state insurance marketplaces. (more...)
And Counting: Tesla Keeps Racking Up Orders For Model 3
- April 18, 2016

The second reason is that each person had to put down $1,000 in order to pre-order the vehicle. Tesla has viewed the Model 3 , which starts at a base price of $35,000 (roughly Rs. The Model S is a vehicle which not many people can afford to buy. The question now is whether or not Tesla can actually handle production to ensure that reservation holders aren't waiting until 2020 to receive their cars. (more...)
Still Need More Time? How to File a Tax Extension
- April 18, 2016

For taxpayers who live in ME or MA, another holiday pushes their tax deadline back to Tuesday April 19. "The bad actors are going to claim you owe money , and they're seeking money or your identity", said Levens. This will reduce potential penalties and interest charges. If you believe that you have reasonable cause, attach a form explaining your reasons to your federal tax extension form. (more...)
Taiwan to send delegation to China to discuss deportations Taiwan to send delegation to China to discuss deportations
- April 18, 2016

China said it wanted to prosecute them, but Taiwanese officials said there was insufficient evidence. An said releasing the suspects harmed the two sides' years-long cooperation on criminal investigations and called on Taiwan to "prevent greater damage to the development of cross-Strait relations". (more...)
Illinois' unemployment rate rises slightly to 6.5 percent Illinois' unemployment rate rises slightly to 6.5 percent
- April 18, 2016

Unemployment in Colorado decreased by one-tenth of a percentage point from February's level, the CDLE said, based on a survey of Colorado households. That compares to a rate of 5.4 percent in March 2015. The biggest decrease occurred in professional and business services, down 4,300 jobs to 717,800. Leisure and hospitality jobs rose by 3000 in the month. (more...)
US industrial output falls more than expected in March US industrial output falls more than expected in March
- April 16, 2016

Last month, manufacturing output fell 0.3 per cent, the biggest decline since February 2015, after slipping 0.1 per cent in February. From a year earlier, industrial production decreased 2% in March. Capacity utilization for the industrial sector fell to 74.8% in March, lower than the prior month revised reading of 75.3% (from 76.7%). US factory output dropped in March for the second straight month as manufacturers churned out fewer cars, metal parts and machinery. (more...)
Sanders cheers strikers as 39K Verizon workers walk out
- April 16, 2016

Rogers, president of the Newport News-based Local 2205 chapter of Communication Workers of America . On the other hand, Verizon says that because medical expenses have grown, there are health care issues that need to be addressed for both retirees and workers. (more...)
BP faces shareholder discontent over CEO's $20M pay pack BP faces shareholder discontent over CEO's $20M pay pack
- April 15, 2016

Any shareholder vote on Dudley's pay at the AGM would however be non-binding. "While we acknowledge BP has had to weather a turbulent period for oil markets, we strongly believe that executive remuneration should remain tied to performance". (more...)
US producer prices fall 0.1 per cent in March US producer prices fall 0.1 per cent in March
- April 15, 2016

The report also showed export prices were unchanged in March after declining 0.5 percent in February. Consumer prices rose a 0.1 percent in March as a drop in grocery prices offset higher energy costs. Export prices were down 6.1 per cent from a year ago. The drop surprised economists, who had expected prices to climb by 0.3 percent. Over the past year overall producer prices have fallen 0.1% in unadjusted terms. (more...)
Bakery charges women 79 cents on a dollar for Equal Pay Day
- April 15, 2016

An average woman earns $10,800 per year less than the average man, a report by the Joint Economic Committee says. The main causes for the wage inequality are put down to jobs still being seen stereotypically as men or women's, lack of transparency in how much people are paid and Estonia's generous 18 month maternity leave. (more...)
Crude oil imports from Canada hit all-time high in 2015 Crude oil imports from Canada hit all-time high in 2015
- April 14, 2016

Canada also receives almost all USA crude oil exports, 422,000 BPD, or 92%, of the 458,000 BPD of crude oil exported from the US last year, EIA found. "The low price of the primary input, which is crude oil, is translating into a lower gasoline price". Crude oil imports from Canada hit an all-time high in 2015, federal energy analysts announced on Tuesday. (more...)
Tesla Model 3's first week: 325000 orders
- April 14, 2016

That being said , what concerns us is the fact that within a week from its unveil the auto already received over 325,000 pre-orders, which though sounds impressive, is still a hard task for Tesla to fulfil all those requests in a timely manner. (more...)
Benzema to miss Euro 2016 Benzema to miss Euro 2016
- April 14, 2016

Benzema acknowledged that the tone of his conversation - after his phone had been tapped by police investigators - was uncalled for and apologized to Valbuena and his family. One must think that Atletico Madrid's Antoine Griezmann is at the front of the queue after scoring 27 goals in 44 this term. Valbuena gave an interview to French daily Le Monde in which he said Benzema "indirectly" told him he had to pay a ransom to get back the sex-tape of him with his girlfriend. (more...)
US retail sales fall in March as Americans buy fewer cars US retail sales fall in March as Americans buy fewer cars
- April 14, 2016

Economic growth estimates for the first quarter are now as low as a 0.2 percent annualized rate. March sales for furniture and home furnishings retailers jumped 3.4% from the same month previous year, and were up slightly from February, the U.S. (more...)
Fitch cuts Saudi Arabia's IDR ratings to 'AA-' from 'AA' Fitch cuts Saudi Arabia's IDR ratings to 'AA-' from 'AA'
- April 13, 2016

Saudi Arabia's credit rating has been lowed be ratings agency Fitch due to the slump in the oil price expected to go on for longer than was previously thought. 'This may have contributed to an acceleration of the economic policy making process, but has also reduced the predictability of decision-making'. Saudi Arabia's military intervention in Yemen and in Syria shows a greater assertiveness in foreign policy. (more...)