Home / Author Archives: Ben Karkela (page 80)

Author Archives: Ben Karkela

US factory orders, inventories fall in November

U.S. factory orders, inventories fall in November

WASHINGTON – New orders for U.S. factory goods fell in November and inventories declined for a fifth straight month, the latest indication that economic growth braked sharply in the fourth quarter. The Commerce Department said on Wednesday new orders for manufactured goods slipped 0.2 percent after a downwardly revised 1.3 percent gain in October. The decline was in line with ...

Read More »

Cruz wants to take on EPA, terrorists

Cruz wants to protect Americans from regulators, terrorists

U.S. Sen. Ted Cruz said last week if he is elected president that he will take on the Environmental Protection Agency (EPA). “The alphabet soup of federal agencies have descended like locusts on small businesses, killing jobs all across this country,” said Cruz, R-Texas. Cruz must first win the Republican nomination and faces an upward battle to displace presidential candidate ...

Read More »

Worker dies in explosion while mixing chemicals in Texas

Transformer outside Oconee Nuclear Station catches fire

MIDLAND, Texas — Investigators say a water treatment company worker has died in a fiery explosion while mixing chemicals at a West Texas oil and gas services facility. Midland County Fire Marshal Dale Little said Tuesday that the cause of the explosion remains under investigation. Little says authorities are looking at whether a chemical reaction or a spark cause Monday’s ...

Read More »

Saudi Arabia may launch IPO for Saudi Aramco

Saudi Arabia may launch IPO for Saudi Aramco

NEW YORK — Saudi Arabia may launch an initial public offering for the world’s largest oil producer, Saudi Arabian Oil Co., according to a report. Deputy Crown Prince Mohammed bin Salman told The Economist that a decision will be made in the next few months. The crown prince is widely thought to hold considerable power in the monarchy and also ...

Read More »

US added strong 292K jobs last month; jobless rate at 5 pct.

US added strong 292K jobs last month; jobless rate at 5 pct.

WASHINGTON — American employers added a robust 292,000 jobs in December, suggesting that the U.S. economy is so far defying global weakness and growing solidly. The strong figures underscore the resilience of the United States at a time of financial turmoil stemming from China’s slowing economy and plummeting stock market. Most economists expect U.S. consumer spending to continue to offset ...

Read More »

Stocks rise a day after plunge, oil prices slide

US stocks rise a day after sharp plunge, lifted by job gains

NEW YORK — Stocks are inching upward Friday morning as investors were encouraged by continuing job growth in the U.S. The market is coming off its worst day in more than three months. KEEPING SCORE: The Dow Jones industrial average gained 38 points, or 0.2 percent, to 16,551 as of 10:15 a.m. Eastern time. The Dow lost 392 points the ...

Read More »

NY village loses case over fracking water sales

PAINTED POST, N.Y. — An upstate New York village has lost a court challenge of its water sales to a Shell Oil Co. subsidiary for shale gas drilling in Pennsylvania. Environmental groups and several individuals sued after the Steuben (stoo-BEHN’) County village of Painted Post signed a contract in 2012 with Shell subsidiary SWEPI LP. The five-year contract called for ...

Read More »