Business

High supplies likely to keep oil prices low

It forecast that 4,1 million barrels a day (mb/d) would be added to global oil supply between 2015 and 2021, down sharply from the total growth of 11 mb/d in the period 2009-2015. Production of shale oil is expected to drop by 600,000 barrels per day (bpd) this year and a further 200,000 bpd in 2017, according to the International Energy Agency (IEA).

Business

Lincolnshire man 'totally overwhelmed' by flight offer after Flying Scotsman 'photobomb'

Thousands of train fans lined tracks and bridges as the venerable steam locomotive made its way up the East Coast Main Line. Imagine waiting for a train and two come along at once. After retirement, the Flying Scotsman went on various publicity tours and even traveled to the United States. This legend of the railway's past is back in steam again after benefiting from a £4.2 million restoration programme.

Business

Forex - Dollar hits fresh 15-month lows against yen after Yellen

Crashing oil prices and weak economic growth are the main drivers of the market mayhem. But she acknowledged that financial conditions have become less supportive of growth, "with declines in broad measures of equity prices, higher borrowing rates for riskier borrowers, and a further appreciation of the dollar ".

Business

Chicago State sends layoff notices amid state budget crisis

Calhoun said regardless of CSU's current struggles, they still plan to have summer school and continue to enroll students for the fall semester. As a result, layoff notices have been sent to all faculty, staff and administrators. "Our university will remain open, even if we have to remain so in a paired down and different configuration", Calhoun said. In another cost-cutting move this week, Chicago State announced it had canceled next month's spring break and would hold classes to help ...

Business

Republican Presidential Candidates Hold Heated Debate In Houston

Rubio is seeking to rally the party behind him to halt Trump's upstart candidacy, while Cruz maintains that he is the only true conservative in the race willing to stand up to Washington interests, including within his own party. Maybe it was the polls showing him losing his home state of Florida, and the knowledge that a home loss at the hands of Donald Trump would doom his campaign and his party.

Business

JCPenney announces 1-cent sales promotion

JCPenney is rolling out a new campaign called "Get your Penney's Worth".  "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. "We know our customers live very busy lives and we want every trip and interaction at JCPenney to be worth her time, her hard earned money and her effort", said Mary Beth West, the chief customer and marketing officer for JCPenney.