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Baker Hughes lays off 67 workers

FARMINGTON — Baker Hughes Pressure Pumping on Southside River Road in Farmington laid off 67 workers on Tuesday citing low oil and gas prices on the commodities market. Robert “Kevin” Jones, district manager for Baker Hughes Pressure Pumping, said in a phone interview that he learned of the layoffs Tuesday morning in a text message. Jones is on short-term disability ...

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Stocks fall on China worries; oil loses ground

NEW YORK – World equity indexes dropped on Monday as disappointing trade data in world No. 2 economy China stoked concerns over weakening global growth, while oil prices slipped. All three major U.S. stock indexes were down more than 1 percent, while European shares closed 1.1 percent lower. Fresh builds at the delivery point for U.S. crude futures also dragged ...

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Austin-based Whole Foods misses on earnings

On the heels of another tough earnings report, Austin-based Whole Foods Market said it will slow its aggressive store growth, among other efforts, to stem declining sales amid increasing competition. Those growth plans still include adding a location in Cedar Park in the next few years, though, the company said. Shares in Whole Foods fell 7 percent or more in ...

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Oil nearly unchanged on minor technical correction

NEW YORK – Oil prices were little changed in quiet technical trade on Tuesday as declining U.S. production and a “rebalancing” momentum in the market offset expectations of Iranian barrels adding to the already persistent supply glut. Brent futures for December delivery fell 17 cents to $48.44 a barrel, a 0.4 percent loss, by 11:49 a.m. EDT (1549 GMT). U.S. ...

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Low energy prices, rate worries weigh on stocks

NEW YORK (AP) — The stock market is moving lower at midday as shares of energy companies slip. The Dow Jones industrial average fell 34 points, or 0.2 percent, to 17,033 as of noon Eastern time Thursday. The Standard & Poor’s 500 index fell two points, or 0.1 percent, to 1,992. The Nasdaq composite slipped 11 points, or 0.2 percent, ...

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