Home / Business (page 30)

Business

You think the stock market is crazy? Look at oil prices.

NEW YORK — Commodity markets are renowned for their booms and busts but the last four days in the crude oil market have even experienced traders wide-eyed. The price of oil plunged 8 percent on Tuesday, following a three-day ascent of 27 percent, the biggest such jump in 25 years. “It’s wild!” said Phil Flynn, energy analyst at the Price ...

Read More »

Oil market takes a walk on the wild side (again): Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – Crude oil prices have been on a rollercoaster over the last four trading sessions that has seen some of the highest volatility in a quarter of a century. The market is providing a brutal reminder of the extreme side of commodity pricing, leaving many analysts ...

Read More »

Berkshire Hathaway shareholders sign petition supporting rooftop solar

More than 18,000 people have signed a petition asking Warren Buffett and NV Energy to ease what it calls their opposition to rooftop solar. The petition, released by ClimateTruth.org, includes more than 400 signatories who are investors in Buffett’s holding company, Berkshire Hathaway, which includes NV Energy. Lobbyists for Berkshire Hathaway have pushed to eliminate a credit or add new ...

Read More »

Shell president: ‘Oil will be required for a long time’

ANCHORAGE, Alaska — The president of Shell Oil Co. said exploratory drilling off Alaska’s northwest coast is going well despite stormy weather last week that caused the company to halt operations for a few days. And in an interview Tuesday with The Associated Press Marvin Odum said he expects further protests against the company’s plans for Arctic drilling like the ...

Read More »

EU regulators clear Shell’s takeover of BG Group

shell

LONDON – Royal Dutch Shell gained EU approval on Wednesday for its $70 billion acquisition of Britain’s BG Group, the second of four key markets needed to clear the deal. The European Commission said the transaction would not grant Shell market power in oil and gas exploration, the liquefaction of gas and the wholesale supply of liquefied natural gas. The ...

Read More »

Jobless rate nudges up

Unemployment nudged up slightly for the Scranton/Wilkes-Barre area in July to 6.3 percent as the region struck an all-time high in total nonfarm jobs. The region hit a record of 266,300 nonfarm jobs in July, besting the past high of 263,900 jobs in the summer of 2007, according to data released Tuesday by the state Department of Labor & Industry. ...

Read More »

Report says ending ban wouldn’t hurt consumers at pump

station

WASHINGTON (AP) — A new government report concludes that removing restrictions on crude oil exports wouldn’t hurt consumers at the gasoline pump, and may even help them. The finding is providing ammunition to lawmakers seeking to pass legislation this year to end the restrictions. A Senate panel passed such a measure before Congress adjourned for its August recess. House Republicans ...

Read More »

More solar coming to region

DENVER — Tri-State, the power provider for San Isabel Electric and other rural cooperatives, will partner on a 30-megawatt solar farm to be built about 20 miles north of Trinidad in Las Animas County, the company announced Tuesday A 30-megawatt farm can power 7,000 or more homes, based on industry estimates. It is Denver-based Tri-State’s first utility-scale solar project in ...

Read More »

Megaport on Mississippi River plans $25 million first phase

NEW ORLEANS — A long-proposed offshore megaport at the end of the Mississippi River could start to take shape next year. Supporters of the project are hailing it as the most significant economic development in Louisiana history. NOLA.com/The Times-Picayune reports (http://bit.ly/1JJPbp7) backers of the Louisiana International Deep Water Gulf Transportation Terminal announced Monday they have amassed enough private financing to ...

Read More »

Fresh fruits, veggies will be delivered to city workers

BATON ROUGE, La. — Baton Rouge’s city workers could open up a box and find fresh and local sweet corn, navel oranges, green onions and other fruits and vegetables ready to take home every week this fall. The program, called “Farm to Work,” is meant to promote healthy eating among city workers. Employees can sign up to have boxes of ...

Read More »