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Business

The industrialized economies adviser based in Paris said that while the pace of increasing stock in oil eases during the second six months of 2016, as the supply from producers who are non-OPEC drops, unless something is done, the oil market could be oversupplied, pushing prices even lower.

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Business

Reiterating Iran’s official stance, Mr. Rouhani blamed regional rival Saudi Arabia for the dive in Crude Oil prices, which have halved since last May as global supply outstrips demand.

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Business

The vehicles will be adapted from shuttle pods already being used to ferry passengers at Heathrow Airport’s Terminal 5, but are now being developed to work without their dedicated tracks. British firms such as Westfield Sportscars, Heathrow Enterprises and Oxbotica will come together so that a full transformation of these

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Business

A Walmart store in Shakopee was shut down briefly on Tuesday night after a shooting in the parking lot. Police say a Craigslist transaction gone bad resulted in a man firing shots at his buyer outside the Shakopee Walmart.

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Business

Tempers flared in Paris yesterday as striking taxi drivers blocked major roads and set fire to tires on a “black Tuesday”, with simultaneous strikes by air-traffic controllers, public servants, hospital workers and teachers.

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Business

Global crude steel production fell 2.8 percent previous year, marking the first annual decline since 2009, as producers succumbed to pressure from waning demand and tumbling prices.

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Business

The shares of American Electric Power Company Inc (NYSE:AEP) had been given positive outlook from Sell-side analysts. Baker Avenue Asset Management now owns 204,491 shares of the company’s stock valued at $5,157,000 after buying an additional 55,242 shares during the period.

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Business

Delta, the United States partner of Air France-KLM, expects the Paris attacks to hurt unit revenue in the first quarter by 0.5 percentage points, its President Ed Bastian said.

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Business

Facing a freight recession caused by slumping commodity prices and industrial output, No. 1 USA railroad Union Pacific Corp said Thursday hopes of strong economic growth have so far been undermined by a key missing ingredient – the American consumer.

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Business

GE said the deal values the appliance business at 10 times last 12 months earnings before interest, taxes, depreciation, and amortization (EBITDA).

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