Business

Oil price rises as United States drilling stops

Those declines came after the US Energy Information Administration reported US crude surged nearly 5 percent on signs of declining stockpiles and a fall in drilling activity. It was reported today by Genscape Inc. a provider for energy data that crude stockpiles at the Cushing Oil Hub fell by 810,000 barrels.   Several banks have recently cut their oil-price forecasts on supply glut worries.

Business

Rolls-Royce named as preferred bidder for Hinkley Point

Rolls-Royce Holdings PLC is set to win a big share of GBP100 million worth of contracts set to be awarded by EDF to supply the Hinkley Point nuclear power plant in the UK. The announcement follows news earlier this week of a Government guarantee of £2bn for the project ahead of a final investment decision which is expected next month.

Business

Cavaliers Tristan Thompson Contract Talks Stall

However, Thompson and the Cavs have hit a wall in contract negotiations, one that's only been complicated by Thompson being a restricted free agent, meaning the Cavs can match any offer Thompson receives. Weems is indeed a close friend and highschool teammate of LeBron James, but comes to the Cavs having served the last two seasons as an assistant at NCAA Div.

Business

Los Angeles declares 'state of emergency' over homelessness crisis

The destitute women and men on Skid Row in downtown Los Angeles, many of them mentally and physically ill; the families tossed from their apartments for being unable to pay the skyrocketing Southern California rents; the fresh-out-of-prison clients of Union Station in Pasadena suddenly on the streets with no job skills - they're not bums.

Business

Subaru Plans $140M Expansion Of Indiana factory

Mike Pence. "We greatly appreciate the support of state and local government for this significant economic development project". "Subaru has kept its promise to the people of Indiana now for more than a quarter of a century, and this is one more statement of them fulfilling that promise", Mike Pence said.

Business

Singapore PM assures support to AP during Chandrababu Naidu's visit

The Chief Minister will be meeting with Second Minister for Trade Iswaran on Monday, the first day of the visit and hold discussions on Swiss Challenge Method for the development Amaravati development, in addition to participating in commercial meeting with a Singapore Consortium at Science Park.