Iran said Tuesday it will export an additional 500,000 barrels of oil a day after sanctions are lifted under a landmark nuclear deal in a bid to reclaim its market share despite low prices. Oil Minister Bijan Zanganeh told reporters Iran plans to double its crude oil exports as sanctions […]
Asia Pacific Economic Cooperation summit underway
Tensions with China and the Paris attacks could upstage trade issues at the Asia Pacific Economic Cooperation summit, being held under extra-heavy security in the Philippine capital this week. President Barack Obama and the leaders of China, Japan, Mexico and other nations in the 21-member APEC bloc are converging with […]
Students demand YOU pay their tuition, debt
Emboldened by the victory of protesters at the University of Missouri, college students around the country are beginning to organize nationwide behind a set of outrageous demands. Students at the University of California, Berkeley and more than a hundred other colleges and universities staged marches Thursday. They want tax payers […]
US stocks PLUMMET after…
Stocks are heading lower in early trading, weighed down by weakness in mining and energy companies. Prices for copper, oil and other commodities were falling early Thursday. Freeport-McMoRan sank 6 percent and Chesapeake Energy fell 4 percent. The Dow Jones industrial average gave up 145 points, or 0.8 percent, to […]
“Goodfellas” mobster goes free
An aging mobster threw his hands into the air and shouted “Free,” grinning as he walked out of a courthouse following his surprising acquittal on charges he helped plan the legendary 1978 Lufthansa heist retold in the hit Mafia film “Goodfellas.” A federal jury reached the verdict Thursday at a […]
Strong sales is the toy story
To infinity, and beyond! The U.S. toy industry is expected to have its strongest year in at least a decade after several years of kids choosing videogames and mobile apps over Barbie and stuffed bears. Annual toy sales are projected to rise 6.2 percent to $19.9 billion in 2015, according […]
Desperate, VW offers customers… cash!?
Volkswagen is offering $1,000 in gift cards and vouchers as a goodwill gesture to owners of small diesel-powered cars involved in an emissions cheating scandal. The offer announced Monday goes to owners of 482,000 cars in the U.S., many who are angry at the company because they paid extra for […]
Mystery surrounds $1 billion “start-up”
The luxury electric car market may be small, but it’s lucrative enough to get another jolt — this time from a mysterious startup that says it wants to re-imagine how people interact with their autos. The startup’s name is Faraday Future, and it has been hunting for a place to […]
October job report by the numbers
The job market boomed in October. Employers added 271,000 jobs, and the unemployment rate fell to 5 percent, the lowest level in seven years. The flurry of hiring is likely to give the Federal Reserve confidence to go ahead with a long-anticipated increase in short-term interest rates in December. Here’s […]
It’s official: Obama rejects Keystone XL pipeline
The Obama administration rejected a Canadian energy giant’s application to build the Keystone XL pipeline on Friday, three individuals familiar with the decision said, capping a seven-year saga that became an environmental flashpoint in Barack Obama’s presidency. Obama was to announce the decision at the White House after meeting with […]
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