business news

Oil Outpaces Ruble Giving Russian Drillers Cause for Cheer – Bloomberg

January 19, 2018 3:11:07 am | 0 Comments

Russia’s oil producers are enjoying near record crude prices — in rubles — and having their best start to the year since 2015. As the nation prepares to discuss its deal with OPEC allies in Oman this weekend, analysts say the good times will continue. Here are the key trends to watch. Party Like It’s…

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Trump and your finances: Taxes, student and payday loans, tips targeted in 1st year – USA TODAY

January 19, 2018 3:00:21 am | 0 Comments

CLOSE The Consumer Financial Protection Bureau has published a rule barring financial companies from using arbitration to shut down class-action suits. Video provided by Newsy Newslook President Trump holds gold scissors Thursday as he cuts a red tape tied between two stacks of papers representing the government regulations of the 1960s and the regulations of…

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$6 million in chips stolen in Wynn casino heist – CNNMoney

January 19, 2018 1:36:00 am | 0 Comments

Steve Wynn bets billions on Macau Wanted: $6 million in missing gaming chips. Last seen: The lavish Wynn casino in Macau. Police are hunting for millions of dollars in casino chips after they were stolen — allegedly by one of Wynn’s own croupiers — raising security concerns in the world’s biggest gambling hub.

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'Relentless' growth could see the US topple Russia, Saudi Arabia as world's largest oil producer, IEA says – CNBC

January 19, 2018 12:01:49 am | 0 Comments

The U.S. is well-placed to overtake the likes of Saudi Arabia and Russia as the world’s leading energy producer over the next 12 months, according to the latest monthly report from the International Energy Agency (IEA). “This year promises to be a record-setting one for the U.S.,” the IEA said in its closely-watched report published…

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First Loss At AmEx In Quarter Century — WSJ – Fox Business

January 18, 2018 11:07:43 pm | 0 Comments

This article is being republished as part of our daily reproduction of articles that also appeared in the U.S. print edition of The Wall Street Journal (January 19, 2018). Continue Reading Below American Express Co. on Thursday recorded its first quarterly loss in over a quarter-century and said it would suspend its share-buyback program…

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Trump misfires with claim that military would 'shut down' during government shutdown – Washington Post

January 18, 2018 11:04:57 pm | 0 Comments

The president says the military could be shut down if the government isn’t funded, but all active-duty personnel would stay on the job. (Meg Kelly/The Washington Post) “A government shutdown will be devastating to our military . . . something the Dems care very little about!”— President Trump, in a tweet, Jan. 18 “If for…

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'Entire aisles are empty': Whole Foods employees reveal why stores are facing a crisis of food shortages – AOL

January 18, 2018 9:59:00 pm | 0 Comments

Whole Foods employees say stores are suffering from food shortages because of a newly implemented inventory-management system called order-to-shelf, or OTS. Whole Foods says the system reduces unnecessary inventory, lowers costs, and frees up employees to focus on customer service. Employees acknowledge that less food is spoiling in storage rooms, but they describe OTS as…

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Google announces patent agreement with Tencent amid China push – Reuters

January 18, 2018 7:36:53 pm | 0 Comments

BEIJING (Reuters) – Alphabet Inc’s Google has agreed to a patent licensing deal with Tencent Holdings Ltd as it looks for ways to expand in China where many of its products, such as app store, search engine and email service, are blocked by regulators. The U.S. technology company has signed similar agreements before with Samsung…

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Wells Fargo customers charged twice for automatic payments – WCNC

January 18, 2018 7:04:16 pm | 0 Comments

CHARLOTTE, N.C. — Wells Fargo is on damage control after another embarrassment. On Wednesday, customers across the country were double charged on automatic payments made online through bill pay. “I fault them for this and everything else they’ve done in the last 10 years. Yeah, it’s a problem,” Tim Reilly explained. Reilly said he was…

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SoftBank is Now the Largest Stakeholder in Uber as Deal Closes – Fortune

January 18, 2018 5:45:43 pm | 0 Comments

A group of investors led by SoftBank Group (sbhgf) closed a deal with Uber Technologies on Thursday, making SoftBank the largest stakeholder in the ride-services firm and providing a much-needed boost to controversy-ridden Uber. The deal includes a large purchase of shares from existing Uber investors and employees at a discounted valuation for the company…

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