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Bristol Compressors to lay off about 120 employees

BRISTOL, Va. (AP) — Bristol Compressors says it plans to lay off about 120 employees as part of a restructuring plan. Local media outlets report the company made the announcement Monday. Bristol Compressors CEO Ed Gniewek said in a statement that the cutbacks are due to lower global oil prices and budget cuts by the oil producing governments. Workers have ...

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Stocks move higher, led by technology and banks

NEW YORK (AP) — Stocks are climbing in morning trading Friday as investors respond to encouraging corporate news and dealmaking. The gains were broad. Eight of the 10 sectors of the Standard and Poor’s 500 index rose, led by banks and technology companies. KEEPING SCORE: The Dow Jones industrial average rose 112 points, or 0.6 percent, to 17,547 at 11:11 ...

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Standoff, dying economy drive Venezuelan crisis

Venezuela

Venezuela is being wracked by an increasingly belligerent standoff between the government and opposition, while many Venezuelans are becoming fed up with a floundering economy marked by long lines for food and the world’s highest inflation. President Nicolas Maduro has declared a state of emergency to let him deal with the economy by decree, but the opposition is vowing to ...

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Oil and gas company founded by Aubrey McClendon to close

Aubrey McClendon

OKLAHOMA CITY (AP) — American Energy Partners, the Oklahoma City-based oil and natural gas company founded by the late energy tycoon Aubrey McClendon, is shutting down. The company’s leadership team released a statement Wednesday saying it had decided to wind down operations but the five independent companies it had launched wouldn’t be affected. McClendon co-founded Chesapeake Energy and served as ...

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North Dakota education thrives despite oil bust

school

During the oil boom, state departments thrived off increased tax money and schools received more than enough funding. However, during the economic downturn, states that depended too heavily on oil taxes, such as Oklahoma, struggle to fund their education systems. Meanwhile, North Dakota students will see little to no change in their classrooms thanks to the high taxes paid by ...

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Stocks edge higher in early morning ahead of Fed minutes

NEW YORK (AP) — Stocks shook off an early loss and are edging higher in morning trading Wednesday as investors wait for minutes from the Federal Reserve’s last policy meeting. They’ll be looking for any hints on whether the Fed will raise interest rates next month. Consumer goods retailers dropped after Target reported weak sales. KEEPING SCORE: The Dow Jones ...

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Koch group puts another $2.2 million into Ohio’s Senate race

WASHINGTON (AP) — Political groups backed by billionaires Charles and David Koch are spending $7.7 million on television and online advertising in the Ohio Senate race — part of a broader plan to focus on the Republican-led Senate instead of the presidential race. The latest wave of ads in the matchup between incumbent Republican Sen. Rob Portman and Democratic former Gov. ...

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