Census shows big US cities continue to grow
Denver saw its population grow by more than 18,500 residents last year. It's now the country's 18th biggest city.(Photo: Laura Bly)All but one of the nation’s 20 largest cities saw their population grow last year, with metropolises like Austin, Denver and Houston among those seeing the most significant growth, according to new U.S. Census Bureau data released Thursday.With the exception of New York City, each of the 15 cities that gained the greatest number of people between 2014 and 2015 were i..>> view originalIt's Saudi Arabia's World. Big Oil Just Lives In It
When Saudi Arabia nationalized its oil industry in 1980 , it marked the end of an era dominated by western majors such as Exxon, Chevron and BP. The proposed re-privatization of those same oilfields threatens to upend their world once again. Getting kicked out of the Middle East forced the majors to exploit other tourist traps, such as the North Sea. Like OPEC, they assumed the value of their reserves of this finite, critical commodity would, more or less, keep rising over time. So a barrel not ..>> view originalLawmakers slam Frontier for bad phone and Internet service
Frontier Communications said Wednesday that within the next 10 days it should resolve the backlog of phone and Internet service problems that cropped up during the company's tumultuous take-over of Verizon FiOS systems.More than 200 customers in California still are without phone service, Frontier's West region president, Melinda White, told members of the Assembly Committee on Utilities and Commerce in Sacramento. Lawmakers pounded White over her company's problem-plagued rollout in Southern C..>> view originalSports Authority will close all of its U.S. stores
Sports Authority will close all of its 450-plus stores across the United States after the bankrupt company wasn't able to secure a buyer, according to a new court filing.The Colorado-based retailer, which was once the largest sporting goods store chain in the country with stores in 41 states and Puerto Rico, filed for Chapter 11 bankruptcy in March with the intention to restructure. As part of that restructuring, the company announced it would close 140 stores, including four in Maryland. But t..>> view originalAsia markets lower as possibility of imminent Fed hike drives dollar up
The minutes of the Federal Open Market Committee's April meeting, released Wednesday in the U.S., were remarkably direct about the central bank's intentions on interest rates. "Most participants judged that if incoming data were consistent with economic growth picking up in the second quarter, labor market conditions continuing to strengthen, and inflation making progress toward the Committee's 2 percent objective, then it likely would be appropriate for the Committee to increase the targe..>> view originalTesla Secures Its Future
Investors learned the details of Tesla's (NASDAQ:TSLA) hotly debated equity raise today. In a filing with the SEC, Tesla notes that it will be selling shares to Morgan Stanley, Deutsche Bank Securities, Citigroup, Goldman Sachs, and BofA Merril Lynch. These are the same underwriters from its 2015 equity raise with the addition of BofA Merril Lynch this year. Click to enlarge Source: Motor Trend Looking at the particular details of this offering raises several questions about Tesla's overall fi..>> view originalBayer makes takeover approach to Monsanto
Bayer AG has approached Monsanto Co. about a takeover that would fuse two of the world's largest suppliers of crop seeds and pesticides, the companies said. Details of the offer couldn't be learned and it was unclear whether Monsanto would be receptive to it. Should there be a deal, it could be valued at more than $42 billion, which is Monsanto's current market capitalization. Monsanto in a statement confirmed the approach, reported earlier Wednesday by The Wall Street Journal, saying the compa..>> view originalBusinesses Assess Effects of New Overtime-Pay Rule
Employers preparing for a new federal overtime-pay regulation say the change will lead them to slow hiring, reduce workers’ hours and cut pay, bonuses and benefits. The regulation, finalized Wednesday by the Labor Department, will make 4.2 million employees newly eligible for overtime pay when they work more than 40 hours a week, and will clarify that millions more have already been eligible but haven’t been getting the pay to which...>> view originalTechnip and FMC to Combine for $13 Billion Oil-Services Provider
Technip SA and FMC Technologies Inc. agreed to merge in an all-stock deal, creating a $13 billion company as the oil-services industry responds to crude’s collapse.Technip stockholders will get two shares in the new business, TechnipFMC, for every Technip share held, while FMC investors will get one, the companies said Thursday in a joint statement. They expect the combination to deliver at least $400 million in annual pretax savings in 2019.The new oil-services company, based in Paris, Houston..>> view originalMine environmental risk grows with bankruptcies in big coal
By MEAD GRUVER, Associated Press CHEYENNE, Wyo. (AP) — As more coal companies file for bankruptcy, it's increasingly likely that taxpayers will be stuck with the very high costs of preventing abandoned mines from becoming environmental disasters. The question is not if, but when, where and how many more coal mines will close as the industry declines, analysts say. Many mines already operate at a loss, and there's not enough money in the fuel anymore to enable their owners to keep their pro..>> view original
Thursday, May 19, 2016
Census shows big US cities continue to grow and other top stories.
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