Business

OPEC Oil Output Rises in October Led by Libya, Saudi Arabia

The downgrade was "driven by fluid market factors rather than changes in the fundamentals of the sovereign", which "remain strong", the ministry said in a statement on the website of state-run Saudi Press Agency. Defence bosses have warned that more than 100,000 jobs are at risk if Britain's relationship with Saudi Arabia is irrevocably damaged during the present political row.

Business

Gaming Revenue Up In Nevada

The upticks ended three-straight months of year-over-year declines. Gaming Control Board Senior Research Analyst Michael Lawton said September offered an "apples to apples comparison" for baccarat play, which has been impacted in Macau by the Chinese government's crack down on corruption that has ensnared high-end junket operators.

Business

Target to offer free USA shipping, strikes global shipping deal

To better support mobile shoppers and in-store pickup for items ordered online, the retail giant is revamping its mobile app. Customers will be able to check in from the app when they enter their local store so the pickup counter knows they have arrived.

Business

U.S. union United Auto Workers voting shows support for Fiat Chrysler pact

The president of Local 723 in Dundee, Michigan says 91 percent of production workers and 85 percent of skilled workers voted in favor of the contract. Those agreements automatically bump entry-level workers up to full pay when either automaker exceeds the percentage and Ford and GM may be reluctant to eliminate the cap.

Business

Exxon Mobil profits sink 47 percent

Decades of financial discipline that honed Exxon Mobil into the  most efficient oil company in the world are paying off as it navigates the worst market slump since the 1980s. Before the reductions, Chevron employed 64,700 people. With lower prices for the oil and natural gas that it produces, Watson said the company was "focused on improving results by changing outcomes within our control".

Business

Oil Falls on China Growth and Iran Deal Developments

Both the WTI and Brent have failed to hold above US$50 a barrel this month as the global market remains oversupplied, with the Organization of the Petroleum Exporting Countries continuing to pump above their quota. "I'd like to see United States crude go beyond $46 a barrel to conclude the downtrend had finished". Now, Mr. Frank is preparing for the worst as he plans his shipping routes for next year.