With the OPEC strategy created to choke competition from the American shale gas industry, USA light crude dropped by $2 on Monday to less than $38 a barrel. "The emotional impact of the latest OPEC meeting would suggest that prices might accelerate in their fall but I think the direction is obvious, they will get lower", Warren Gilman, chairman and CEO of CEF Holdings, told CNBC's Capital Connection.
Three NFL teams are threatening to move to Los Angeles, including the Rams. In the letter, which was obtained by the St. Louis Post-Dispatch , Goodell made it clear that the city would have "no assurance" of getting the extra $100 million in financing.
Some 45 percent had not finished shopping this year because they expected stores to offer better prices just before the holidays, the poll showed, and 43 percent believed online shopping would let them purchase everything they need at the last minute.
Stepping into the demolition row, the high court had come down heavily on the Railway Ministry and police for the drive and directed the authorities to immediately rehabilitate over 5,000 people rendered homeless. Terming the incident as inhuman, Delhi Minister Satyendra Jain alleged the demolition was carried out "to teach a lesson" to these people who had voted for Arvind Kejriwal.
Dow Chemical Co., which has been paying $255 million annually in dividends to Warren Buffett for years, may have finally found a way to end that obligation. The split of three-ways will not occur for the next 18 to 24 months following the close of the deal, which is expected during the last six months of 2016.
BlueMountain Capital Management LLC is paying up to $260 million to purchase the troubled Daughters of Charity Health System, the hospital said Monday, after the deal was conditionally approved by the California attorney general earlier this month.