Finance

Major OPEC producers are privately starting to talk about a new oil price equilibrium of $50 a barrel, adding to signs that the market's long, deep rout is officially over, says one of the industry's leading prognosticators. Zangeneh, however, vehemently rejected any possibility that Iran would stop increasing its oil production, describing any request on Tehran to that effect as "a joke".
  • Oil Price Rises on Change in Global Outlook

    Oil Price Rises on Change in Global Outlook

    Finance

    But if there was commitment to stabling production then we will see the results in the market", the minister said. While some see the dialogue to be geared in the right direction, others are skeptical of the freeze paving the way for a production cut-the need of the hour given the market's current state.
  • DOJ Moves To Dismiss Case Against Aubrey McClendon After His Death

    DOJ Moves To Dismiss Case Against Aubrey McClendon After His Death

    Finance

    On Wednesday, Oklahoma City Police Capt. Paco Balderrama said that McClendon "pretty much drove straight into the wall". "The vehicle is on fire", the man said. Oklahoma Governor Mary Fallin said the energy tycoon will be remembered for his generosity and ability to create economic growth opportunities in Oklahoma City.
  • Sports Authority files for Chapter 11 bankruptcy, closing 140 stores

    Sports Authority files for Chapter 11 bankruptcy, closing 140 stores

    Finance

    Sports Authority Inc ., a chain that provides an assortment of athletic gear and recreational equipment, filed for bankruptcy today after a lackluster 2015. "Now it's much easier to find online", he said. One location, near Bed, Bath and Beyond, was a Sportmart until Sports Authority bought the company in 2003.
  • Sports Authority files for bankruptcy, closing 140 stores

    Finance

    Sports Authority said in a statement that the move allows it to adapt to the "changing dynamics" of the retail industry, especially the growth of e-commerce. Companies in bankruptcy don't have to honor gift cards, but many do to keep customers happy. The Colorado-based retailer chose to seek bankruptcy protection after a review of its finances, "in light of the increasing amount of shopping that is occurring online", the company said in the statement .
  • Ex-Chesapeake Energy Corporation CEO Aubrey McClendon Dead After Fatal Crash

    Ex-Chesapeake Energy Corporation CEO Aubrey McClendon Dead After Fatal Crash

    Finance

    Ward co-founded Chesapeake Energy alongside McClendon in 1989. According to the Associated Press , McClendon was the only person in the auto when he slammed into a concrete bridge embankment shortly after 9 a.m. His insatiable, thought inspiring intellectual curiosity to always find the good in everything and make it better, which manifested itself through dozens of philanthropic organizations and efforts, will be greatly missed, particularly in his dearly loved home town of Oklahoma City.
  • Authorities seek to dismiss McClendon indictment

    Authorities seek to dismiss McClendon indictment

    Finance

    Aubrey McClendon, 56, was driving a Chevrolet Tahoe when he went to be embedded against a wall, said Captain Paco Balderrama police in Oklahoma, where the accident took place. The 56-year-old energy executive and part-owner of the Oklahoma City Thunder NBA team was the only person in the vehicle. In 2013, McClendon stepped down as head of Chesapeake after issues in corporate governance arose and company investors expressed concerns about his heavy spending.
  • Iron ore price jumps to new 2016 high

    Iron ore price jumps to new 2016 high

    Finance

    Supply disruptions in Australia due to bad weather and restocking following the Chinese lunar new year, buoyed the market and helped iron ore outperform steel prices by a wide margin in February. "Chinese steel production could fall quite sharply this year", while Australian iron output will continue to rise, she said in an email. China previous year consumed almost three-quarters of the seaborne iron ore supply with imports reaching a record 952 million tonnes.
  • Aubrey McClendon Dies in a Car Crash in Oklahoma

    Finance

    McClendon was wearing a seatbelt. On Tuesday, the Department of Justice accused Mr. McClendon of having been involved in an anti-trust scheme between 2007 and 2012. As the company grew, he developed a corporate campus in Oklahoma City that made it look more like an Ivy League school than a piece of the oil patch, with a cafeteria that served worldwide fare and a gymnasium outfitted like a spa.
  • $291 million winning Powerball ticket sold in Florida

    $291 million winning Powerball ticket sold in Florida

    Finance

    A ticket with five numbers in Wednesday night's drawing of the multi-state Powerball lottery, but missing the Powerball number, was sold at a gasoline station in Commerce and is worth $771,194. on Mondays and Thursdays. Mega Millions draws on Tuesdays and Fridays at 11 p.m. The odds of winning the jackpot with a $1 ticket are 1-in-258.9 million.
  • Oil prices to keep on rise today — Bloomberg expectations

    Oil prices to keep on rise today — Bloomberg expectations

    Finance

    For buyers in the Mediterranean, prices for two grades were lowered and for another two kept unchanged. Russia, Saudi Arabia, Venezuela and Qatar announced last month that they were willing to freeze production at January levels, provided other oil exporters joined in.
  • Oil prices dip on continued oversupply

    Oil prices dip on continued oversupply

    Finance

    The People's Bank of China (PBOC) said that the reserve requirement ratio (RRR) would be reduced by 0.5% to 16.5%. The bank's governor, Zhou Xiaochuan, said it was a "prudent" move to ensure quality growth for the Chinese economy. "There isn't a strong case for prices to rally too much further, but perhaps the worst of the selloff is done". However, on Monday, crude futures gained, an indicator that there is some probability of oil price rise.
  • Fuller House to Follow after Full House show, Jodie Sweetin

    Fuller House to Follow after Full House show, Jodie Sweetin

    Finance

    Stephanie Tanner and the rest of her TV family are coming back this month on the Netflix sequel series  Fuller House . Innocent enough, the show chose to not have so much fun with the real girls behind the character of Michelle as to keep the sitcom grounded within its own contained reality.
  • Suffolk Poll: Clinton Leads Sanders in MA

    Suffolk Poll: Clinton Leads Sanders in MA

    Finance

    Meanwhile, Republican  Donald Trump  who is all out to impress the anti-Islam constituencies as a safe and easy route to White  House  is working to build an insurmountable lead. Sanders' plan isn't good, she said, because it also pays the college tuition of well-off Americans who can afford a higher education.  Exit polls  produced this extraordinary statistic: Clinton got 96 percent of the vote among African-Americans aged 65 or  more .
  • 14 new reports of possible sexually transmitted Zika virus — CDC

    14 new reports of possible sexually transmitted Zika virus — CDC

    Finance

    The women had not recently traveled to places where the virus is widely circulating, but they'd had sex with male partners who had recently returned from such travel and had Zika symptoms. "We are not changing the guidance today, but we are really reinforcing it", said Anne Schuchat from the CDC . Much remains unknown about Zika, including whether the virus actually causes microcephaly.
  • Philadelphia Eagles increase offer to Sam Bradford

    Philadelphia Eagles increase offer to Sam Bradford

    Finance

    Because of that, there is real incentive for the Eagles to get a long-term deal done with Bradford. Doug Pederson, the Eagles' new head coach, said in no uncertain terms at the combine that he hopes Bradford will be the team's starting quarterback in 2016, and said that Bradford has told him he wants to re-sign with the Eagles.
  • Bernie Sanders campaign rally in Grand Prairie

    Bernie Sanders campaign rally in Grand Prairie

    Finance

    Sanders held a rally Sunday night in Colorado and has events planned Monday in Minnesota and MA. They'd also make a campaign stop in Dallas Saturday afternoon. His campaign says the event at the Breslin Center will focus on making college more affordable, reforming the criminal justice system, and income inequality.
  • Warren Buffett's annual letter to shareholders

    Finance

    He said that because insurance policies are rewritten each year, Berkshire Hathaway should not be exposed to high losses. Buffett reiterated his previous assertion that Berkshire will repurchase stock if the value of Berkshire trades at or below 1.2x book.
  • Bill Gates backs Federal Bureau of Investigation in iPhone spat

    Bill Gates backs Federal Bureau of Investigation in iPhone spat

    Finance

    Farook and his wife killed 14 people in a terrorist attack in San Bernardino , California back in December. Further, during his interview with the Financial Times , Microsoft Founder strongly showed his disagreement to Tim Cook's claims that the backdoor to encryption would set a prototype both for the International State Players and the Justice Department looking forward to meddling in consumer's digital privacy.
  • USA proposes new sanctions against North Korea to UN Security Council

    USA proposes new sanctions against North Korea to UN Security Council

    Finance

    U.S. National Security Council spokesman Ned Price said Rice and Wang were in agreement on a "strong and united" response to the North Korean tests. The U.S. Tuesday to announce the launch of formal talks but canceled it with about an hour to go at Washington's request. They said they hoped the latest measures would make it harder for North Korea to continue with that policy, keeping up the pressure on the country's leadership without making the country's impoverished population any ...
  • JCPenney announces 1-cent sales promotion

    Finance

    J.C. Penney, now reversing declining sales, considers one of its key demographics to be mothers. If JCP.com does still charge shipping fees on the items priced one penny , folks who don't want to pay for shipping can still try their hands at getting one penny priced items at their local brick and mortar J.C.
  • Suspect In Kalamazoo Shooting Spree Expected In Court

    Suspect In Kalamazoo Shooting Spree Expected In Court

    Finance

    But none of the shootings appeared to be connected to fares. He said he called police and that when he got to his friend's house, his fiancée posted a warning to friends on Facebook. At about 10 p.m., a father and son were killed at the vehicle dealership. Initial reports indicated that 14-year-old Abigail Kopf also was among the dead after being shot once in the head, but then she squeezed her mother's hand.
  • JCPenney to sell items for a penny

    JCPenney to sell items for a penny

    Finance

    Other Penney Days will offer JCPenney private brand items for just a cent, with no additional purchase required (while supplies last). Either way, this deal is too good to pass up. "The company plans to sell some of its best basics for a penny, starting with items from its $1 billion Arizona brand", said retail writer Maria Halkias.
  • Kim Kardashian posts first photo of baby Saint

    Kim Kardashian posts first photo of baby Saint

    Finance

    Though Jenner, 60, would most likely deny she favors Kim and her children over Kourtney and her three kids, her Instagram account might say something different. So much has gone on in our lives since you've been gone, and I know you have been my guardian angel seeing everything unfold! She posted the following caption when the first photo of Saint was shared Monday: "Meet my grandson Saint!!!!! I feel like I go into overdrive to give my daughter attention and make her feel loved".
  • Chipotle Mexican Grill Stock Drops Sharply After Deutsche Bank Downgrade

    Chipotle Mexican Grill Stock Drops Sharply After Deutsche Bank Downgrade

    Finance

    Finally, Diversified Trust Co boosted its position in Chipotle Mexican Grill by 0.3% in the fourth quarter. Fourth Swedish National Pension Fund raised its position in Chipotle Mexican Grill by 1.1% in the fourth quarter. Nomura assumed coverage on shares of Chipotle Mexican Grill in a research note on Thursday, February 18th. Maxim Group reaffirmed a " hold " rating and set a $455.00 price target (up previously from $395.00) on shares of Chipotle Mexican Grill in a research note on ...
  • Six killed in Kalamazoo random shooting spree, police say

    Six killed in Kalamazoo random shooting spree, police say

    Finance

    But Kalamazoo County Undersheriff Paul Matyas says a motive for the shootings remains a mystery. Dalton was approved to drive for Uber on January 25 and had completed about 100 rides with a rating of 4.73 out of 5 before Saturday, company officials said.