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Updated: 23 min 50 sec ago

Oil gains 8 percent as cold snap brings welcome break to rout - Reuters

Fri, 01/22/2016 - 2:00pm

Reuters

Oil gains 8 percent as cold snap brings welcome break to rout
Reuters
NEW YORK/LONDON Oil extended its gains and soared about 8 percent on Friday, as a cold snap boosted demand for heating oil, bringing with it a welcome break to the extremely bearish sentiment that had gripped oil markets this year. The recovery ...
What It Means to Be 'Bullish' on OilWall Street Journal (blog)
Oil ends massive slide with 9% popCNBC
Stealth Contrarian: Identifying Assets That Could Benefit From Higher Oil PricesSeeking Alpha
Nasdaq -Bidness ETC -StreetInsider.com
all 448 news articles »

California unemployment inches up to 5.8% despite big gain in jobs - Sacramento Bee

Fri, 01/22/2016 - 1:08pm

Sacramento Bee

California unemployment inches up to 5.8% despite big gain in jobs
Sacramento Bee
California's unemployment rate rose to 5.8 percent last month, although job growth was strong. The Employment Development Department said Friday the unemployment rate grew a tenth of a percentage point despite a gain of 60,400 nonfarm payroll jobs.
With 3000 jobs lost in 2015, Illinois employment outlook sluggishChicago Tribune
Miami-Dade's unemployment rate inched up in DecemberMiami Herald
December Jobs in Illinois Decrease -16300 while Unemployment Rate Rises to 5.9RiverBender.com
CBS Local -MyDaytonDailyNews -Tampabay.com
all 215 news articles »

Obama administration expands climate fight with proposed rules for oil and gas drilling - Washington Post

Fri, 01/22/2016 - 11:42am

Washington Post

Obama administration expands climate fight with proposed rules for oil and gas drilling
Washington Post
The Obama administration took a step Friday toward plugging thousands of small methane leaks from oil and gas operations around the country, saying the escaping gas is contributing to climate change. The Interior Department announced proposed ...
GOP, oil and gas industry slam Obama's new rule on methane drillingWashington Times
Obama Unveils Major Global Warming Reg On The Eve Of A Massive BlizzardDaily Caller
US Seeks to Limit Methane Gas 'Flaring' at Drilling SitesABC News
Rigzone -Reuters -ThinkProgress
all 135 news articles »

Existing U.S. Home Sales Rise to Close Out Best Year Since 2006 - Bloomberg

Fri, 01/22/2016 - 10:29am

Bloomberg

Existing U.S. Home Sales Rise to Close Out Best Year Since 2006
Bloomberg
Purchases of previously owned U.S. homes rose more than projected in December, helped in part by warmer weather and wrapping up the best year since 2006. Contract closings jumped 14.7 percent, the most on record, to a 5.46 million annualized rate, ...
Strong US housing data offers ray of hope for slowing economyReuters
​US home purchases rebounded in DecemberCBS News
December Existing-Home Sales Roar Back By 14.7%, 2015 Ends With Highest Sales Since 2006Forbes
Wall Street Journal -HousingWire
all 143 news articles »

Energy stocks lead an early rally as price of crude surges - STLtoday.com

Fri, 01/22/2016 - 10:02am

STLtoday.com

Energy stocks lead an early rally as price of crude surges
STLtoday.com
NEW YORK • Energy stocks are leading an early rally on Wall Street as the price of crude oil surges. Marathon Oil surged 14 percent in early trading Friday, and several other energy companies also rose sharply. The price of oil jumped 6 percent to just ...

and more »

Labor Judge: Wal-Mart Strikes Protected Under Law - New York Times

Fri, 01/22/2016 - 9:40am

Salon

Labor Judge: Wal-Mart Strikes Protected Under Law
New York Times
NEW YORK — A National Labor Relations Board judge says Wal-Mart Stores Inc. unlawfully disciplined workers who staged protests in May and June of 2013 and ordered the retailer to reinstate 16 former employees, as well as give them back pay.
Labor judge rules Wal-Mart worker strikes lawfulRetail Dive
Walmart Kills Walmart Express: Are Neighborhood Market Stores More Productive?Forbes
Wal-Mart strikes lawful, must reinstate workersAG Week
WallStreet.org -eMarketsDaily
all 46 news articles »

Oil Prices Weigh on GE's Core Business - Wall Street Journal

Fri, 01/22/2016 - 8:51am

U.S. News & World Report

Oil Prices Weigh on GE's Core Business
Wall Street Journal
General Electric Co. reported lower profit across most of its core industrial businesses in the fourth quarter, the company said, driven by the low price of oil. Profit fell in five of GE's eight industrial business units, including by 10% in its power ...
GE Reports Strong Quarterly Profit but Sales Are Below ForecastsNew York Times
GE Beats Q4 Earnings Despite Lower Profit, 2016 View FirmZacks.com
GE's industrial profit falls 8 percent, hit by tumbling oilReuters
Seeking Alpha -TheStreet.com -Nasdaq
all 106 news articles »

US government suspends enrollment in Cigna Medicare Advantage, drug plans - Reuters

Fri, 01/22/2016 - 8:37am

USA TODAY

US government suspends enrollment in Cigna Medicare Advantage, drug plans
Reuters
The U.S. government has suspended new enrollment in Cigna Corp's Medicare Advantage health plans for seniors and standalone Medicare prescription drug plans, citing noncompliance in its appeals and grievances procedures. The government said ...
Cigna temporarily banned from new Medicare plansUSA TODAY
Cigna Sanctions Halt Enrollment in Medicare Advantage, Drug PlansWall Street Journal
Cigna Banned From Medicare Sales for `Systemic Failures'Bloomberg
Chattanooga Times Free Press -Benzinga -StreetInsider.com
all 10 news articles »

China shares end higher on global stimulus hopes - Reuters

Fri, 01/22/2016 - 8:16am

Reuters

China shares end higher on global stimulus hopes
Reuters
SHANGHAI China's fragile shares ended higher on Friday, in a relatively muted response to hints of more policy stimulus in Europe and Japan that prompted a robust rally in battered oil prices and equities elsewhere. While Japan's Nikkei jumped nearly 6 ...
Global Stocks Charmed by Central Banks as Oil Jumps, Bonds FallBloomberg
China Trying to Allay Global Concerns About Its Currency RegimeWall Street Journal
China Markets Live - Hong Kong and China stocks close sharply higher amid regional rally on ECB, BOJ stimulus hopesSouth China Morning Post (subscription)

all 261 news articles »

UPDATE 2-US blocks Philips' $3.3 bln sale of Lumileds to Asian buyers - Reuters

Fri, 01/22/2016 - 5:34am

NDTV

UPDATE 2-US blocks Philips' $3.3 bln sale of Lumileds to Asian buyers
Reuters
... * U.S. blocks Lumileds deal on security concerns. * Philips now canvassing alternate buyers. * Subsidiary seen fetching lower price. * Philips will push ahead with Lighting sale, or IPO (Adds details on U.S. opposition, analyst comment, plans to ...
Philips Scraps Lumileds Sale on U.S. Security OppositionBloomberg
Philips Calls Off Sale of Controlling Stake in LED BusinessNew York Times
Philips hits US block to sale of lighting unitMarketWatch
Washington Post -NDTV
all 47 news articles »Google News

Starbucks CEO confident in China bet despite turmoil - The Seattle Times

Thu, 01/21/2016 - 7:33pm

U.S. News & World Report

Starbucks CEO confident in China bet despite turmoil
The Seattle Times
Worries about the Chinese economy are rocking markets the world over, but Starbucks CEO Howard Schultz says he's confident in Beijing's policymaking — and that his coffee empire is still betting big on the Asian superpower.
Starbucks stock slips after profit forecast misses Street estimatesReuters
Starbucks US sales jump over holidays; outlook disappointsU.S. News & World Report
Starbucks US sales jump 9 percent over holiday quarterSTLtoday.com
mySanAntonio.com -Nasdaq
all 127 news articles »

UPDATE 1-Barrick expects to take up to $3 bln in impairment charges - Reuters

Thu, 01/21/2016 - 6:37pm

The Globe and Mail

UPDATE 1-Barrick expects to take up to $3 bln in impairment charges
Reuters
(Adds details, background). Jan 21 Barrick Gold Corp, the world's biggest gold producer, said it expects to take charges of up to $3 billion following an annual accounting impairment review. The company said it may have to take a goodwill impairment ...
Barrick Estimates Up to $3 Billion Impairments as Gold FallsBloomberg
Barrick Achieves 2015 Production GuidanceCNNMoney
Barrick Gold Plans Up to $3 Billion in WritedownsWall Street Journal
StreetInsider.com
all 37 news articles »

Amazon offers full refunds on hoverboards - USA TODAY

Thu, 01/21/2016 - 6:27pm

USA TODAY

Amazon offers full refunds on hoverboards
USA TODAY
SAN FRANCISCO - Amazon is now offering full refunds for customers who bought hoverboards, the popular electric self-balancing riding devices which have been implicated in multiple fires and explosions. The Consumer Product Safety Commission so far ...
Safety regulators probe 13 hoverboard companiesCBS News
Amazon offering 'hoverboard' refunds, government saysFox News
University hoverboard ban justified by multiple risksVirginia Tech Collegiate Times
Fast Company -Huffington Post -KSAT San Antonio
all 206 news articles »

JPMorgan raises Dimon's pay 35 percent, but adds strings - Reuters

Thu, 01/21/2016 - 5:46pm

Reuters

JPMorgan raises Dimon's pay 35 percent, but adds strings
Reuters
NEW YORK JPMorgan Chase & Co (JPM.N) directors raised Chief Executive Jamie Dimon's total compensation by 35 percent to $27 million for 2015, a regulatory filing on Thursday showed. But the board cut the cash portion and tied three-fourths of the total ...

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US stocks close up, buoyed by oil's rise and signals from Europe - Washington Post

Thu, 01/21/2016 - 4:37pm

Washington Post

US stocks close up, buoyed by oil's rise and signals from Europe
Washington Post
NEW YORK — U.S. stocks staged a modest recovery Thursday, offering investors a respite from the rocky trading that has wiped out trillions of dollars in market value in three fast weeks. Slowing economic growth in China and plummeting oil prices have ...
Bond Traders Bet on Slowest Fed Yet as Soros Sees No More HikesBloomberg
Four Ifs by Fed, Two Ifs by Me? Why the Reserve Board Will Likely Keep Its Interest Rate Powder Relatively Dry in 2016Huffington Post
Economy gets little mileage from low pump pricesHouston Chronicle
Alaska Dispatch News -Reuters -Seeking Alpha
all 58 news articles »

Intuitive Surgical and Hill-Rom Announce U.S. Clearance for Integrated Table Motion - CNNMoney

Thu, 01/21/2016 - 4:15pm

Motley Fool

Intuitive Surgical and Hill-Rom Announce U.S. Clearance for Integrated Table Motion
CNNMoney
SUNNYVALE, Calif., Jan. 21, 2016 (GLOBE NEWSWIRE) -- Intuitive Surgical, Inc. (NASDAQ:ISRG) and Trumpf Medical, a division of Hill-Rom Holdings, Inc. (NYSE:HRC), today announced that the Food and Drug Administration has cleared Intuitive Surgical's ...
Intuitive Surgical Announces Fourth Quarter EarningsGlobeNewswire (press release)
Intuitive Surgical profit rises 29%MarketWatch
Intuitive Surgical Beats Q4 Estimates (NASDAQ:ISRG)WallStreet.org
Reuters -TheStreet.com
all 47 news articles »Google News

GM gets into the car-sharing game with 'Maven' - Christian Science Monitor

Thu, 01/21/2016 - 1:45pm

Christian Science Monitor

GM gets into the car-sharing game with 'Maven'
Christian Science Monitor
General Motors has already invested $500 million in Lyft, but now it's starting a car-sharing service of its own in a bid to compete with rivals like Uber and Zipcar. By Olivia Lowenberg, Staff January 21, 2016. Save for later Saved. close. General ...
General Motors launches Maven, a car-sharing serviceLos Angeles Times
General Motors can't beat the Uber economy, so it's joining insteadQuartz
With Maven, GM is getting into the ride-sharing gameBoston.com
Zacks.com -Ward's Auto -Fox News
all 199 news articles »

Dov Charney testifies: American Apparel's 'impossible' board won't give him a fair shot - Los Angeles Times

Thu, 01/21/2016 - 1:04pm

Los Angeles Times

Dov Charney testifies: American Apparel's 'impossible' board won't give him a fair shot
Los Angeles Times
Dov Charney has been fighting to regain control of American Apparel since he was ousted as chief executive in 2014. Dov Charney has been fighting to regain control of American Apparel since he was ousted as chief executive in 2014. (Gary Friedman / Los ...
Dov Charney Argues in Court for His Return to American ApparelNew York Times
American Apparel Defends Bankruptcy Plan In CourtAdvertising Specialty Institute (press release)
American Apparel board conspired to kick him out, says founderToronto Star
Reuters -Bloomberg -Business Insider
all 27 news articles »

Top CEOs reveal biggest fears on CNN's #WorryWall - KSPR

Thu, 01/21/2016 - 12:42pm

CNNMoney

Top CEOs reveal biggest fears on CNN's #WorryWall
KSPR
In many cases, top executives and leaders at the World Economic Forum in Davos are just as scared. Tanking stock markets, plunging oil prices, China's slowing economy and geopolitical conflicts are just some of the things that are keeping executives ...
Stocks: How scared should we be?CNNMoney

all 11 news articles »

United, Southwest buy 73 Boeing jets in blow to Bombardier - Reuters

Thu, 01/21/2016 - 12:28pm

Wichita Eagle

United, Southwest buy 73 Boeing jets in blow to Bombardier
Reuters
United Airlines said on Thursday it will buy 40 small planes from Boeing Co, dealing a $3.2 billion blow to Bombardier Inc's hopes of landing a major customer for its fledgling CSeries program. Separately, Southwest Airlines Co said it had ordered 33 ...
Boeing Nabs $3 Billion Jet Deal as United Spurns BombardierBloomberg
United buying 40 new 737-700s to upgrade fleetCNNMoney
United buying bigger aircraft, ditching 50-seat planesChicago Tribune
The Seattle Times -Airways News (blog)
all 74 news articles »

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