White House spokesman Raj Shah said Friday that federal officials played no role in the selection of Whitefish Energy Holdings by the Puerto Rico Electric Power Authority. The Federal Emergency Management Agency said in a statement that any language in the controversial contract saying the agency approved of the deal […]
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Snow blows through Minnesota in 1st winter storm of the season
The first winter storm of the season is blowing through the upper Midwest and western Great Lakes, bringing blizzard-like conditions and several inches of snow. Gusty winds of up to 60 mph produced whiteout conditions Thursday in northwestern Minnesota and eastern North Dakota. The National Weather Service in Duluth, Minnesota, […]
Profit soars at Exxon and Chevron on higher oil prices
DALLAS – Buoyed by higher oil prices, profits are soaring at Exxon Mobil and Chevron. Continue Reading Below Exxon said Friday that it earned nearly $4 billion in the third quarter, and Chevron made $2 billion. Both were about 50 percent higher than the same quarter last year. When the […]
Bottas fastest in first Mexican GP practice
FILE PHOTO: Oct 21, 2017; Austin, TX, USA; Mercedes driver Valtteri Bottas (77) of Finland is interviewed after the qualifying session for the United States Grand Prix at Circuit of the Americas. Jerome Miron-USA TODAY Sports October 27, 2017 By Alan Baldwin MEXICO CITY (Reuters) – Finland’s Valtteri Bottas kept […]
Recovering global miners face fresh squeeze from rising costs
FILE PHOTO: A giant Newmont Mining haul truck which is stuck in the mud gets a push from a conventionally sized bulldozer at Newmont’s Carlin gold mine operation near Elko, Nevada, U.S. May 21, 2014. REUTERS/Rick Wilking/File Photo October 27, 2017 By Susan Taylor and Nicole Mordant TORONTO/VANCOUVER (Reuters) – […]
Uber CEO heads to Brazil amid new legislative threat
File Photo – Dara Khosrowshahi attends the Allen & Co Media Conference in Sun Valley, Idaho July 13, 2012. Reuters/Jim Urquhart October 27, 2017 SAO PAULO (Reuters) – The chief executive of Uber Technologies Inc, Dara Khosrowshahi, will visit its operations in Brazil next week, the company told Reuters on […]
Tech giants lead rally as stocks near records; Amazon surges
NEW YORK – Big technology companies like Microsoft and Intel are making their biggest gains in years Friday as technology companies lead a stock market rally based on strong third-quarter reports. Amazon is surging on the back of its own results, while traditional retailers are seeing their stock prices plunge. […]
US rig count declines by 4 this week to 909; Texas gains 5
HOUSTON – The number of rigs exploring for oil and natural gas in the U.S. declined by four this week to 909. Continue Reading Below That’s up from the 557 rigs that were active a year ago. Houston oilfield services company Baker Hughes said Friday that 737 rigs sought oil […]
Amazon just added a FedEx. Stock up nearly $62 billion in a single day
Amazon shareholders are having a good day. The e-commerce juggernaut added more market value in one day than that of more than 400 individual companies in the S&P 500. Amazon shares surged more than 13 percent to an all-time high midday Friday, a day after it reported better-than-expected earnings. The […]
Tesla nears bear market territory, and it could get a lot worse
Tech stocks are soaring, but there’s one name that’s noticeably absent from the recent rally: Tesla. Shares in the electric-car maker fell 2 percent on Friday after reports that production of the Model 3 would be delayed. Tesla’s stock has been on a precipitous decline since hitting a high last […]