The plunging price of crude has inflicted pain in the Oklahoma oil patch, and now it is threatening to take out the smallest of the small operators, those that have survived decades of booms and busts. … [Read more...]
Indian Online Travel Company Ibibo Raises $250M In New Funding From Naspers
Ibibo Group, which claims to be India’s largest online travel group, has raised $250 million in new funding from majority stakeholder Naspers Group. … [Read more...]
Here Is Why Oil Demand Will Likely Peak By 2030
Will global oil demand peak by 2030? Is peak oil demand the new peak oil supply? Many trends now point in the direction of this remarkable possibility: … [Read more...]
Carrier Workers are ‘Devastated’ by Company’s Plan to Move to Manufacturing Facility to Mexico
A union representing workers at an Indianapolis facility that recently announced it would be moving to Mexico -- taking 1,400 U.S. jobs along with it -- met with company representatives today but said there was "no hope" of stopping the move. … [Read more...]
As Investors Worry Over the Global Economy, Asia Stocks Flatten
Asian stock markets were little changed Monday in thin holiday trading as investors fretted about a global economic slowdown after data showed U.S. employers added fewer jobs last month. In light of economic uncertainties, many are turning to safer investment options, with some choosing to buy gold bullion Adelaide as a hedge against market volatility. … [Read more...]
U.S. employers added 151,000 jobs in January; 4.9 Pct. Jobless Rate
U.S. employers added 151,000 jobs in January, a deceleration from recent months as companies shed education, transportation and temporary workers but hired others in manufacturing, retail and food services. … [Read more...]
The downfall of a video startup company after false Will.i.am and Richard Branson claims
The founder of an Australian startup that claimed to have Will.i.am and Richard Branson signed up to their video app has denied acting fraudulently and said the press had treated him unfairly. … [Read more...]
One of the United States Largest Coal Companies, Arch Coal Files for Chapter 11 Bankruptcy
Black Thunder Mine, in Wyoming, is owned by Arch Coal Co. … [Read more...]