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US stocks gain in morning trading as crude oil rises

NEW YORK (AP) — Stocks rose on Wall Street Monday morning, led by gains in energy companies as the price of crude oil increased sharply. Marathon Oil jumped 6 percent and offshore driller Transocean rose 5 percent. Major U.S. stock indexes have fallen for three weeks in a row. KEEPING SCORE: The Dow Jones industrial average rose 125 points, or 0.7 ...

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US producer prices rise in April for first time in 3 months

producers, gas, manufacturers

WASHINGTON (AP) — Prices charged by U.S. manufacturers, farmers and other producers rose for the first time since January, lifted by higher costs for gas, steel and medicines. The Labor Department said Friday that the producer price index, which measures price changes before they reach the consumer, increased 0.2 percent in April. That followed small declines in February and March. ...

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Former Massey Energy CEO Don Blankenship reports to prison

don blankenship

CHARLESTON, W.Va. (AP) — Former Massey Energy CEO Don Blankenship reported to a California prison Thursday to begin serving a one-year sentence for his conviction related to the deadliest U.S. mine explosion in four decades, a U.S. Bureau of Prisons spokesman said. Spokesman Justin Long said Thursday evening that Blankenship was in custody at a federal facility in Taft, California. ...

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Oil price rise helps shore up global markets

LONDON (AP) — A bounce-back in oil prices helped European stock markets to recover their poise Thursday following an earlier retreat when concerns over the state of U.S. consumer spending weighed on shares. KEEPING SCORE: In Europe, France’s CAC 40 was up 0.9 percent to 4,355 while Germany’s DAX rose 0.9 percent to 10,067. The FTSE 100 index of leading ...

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Cheniere Energy names Jack Fusco as CEO

Cheniere Energy, CEO, Jack Fusco

NEW YORK (AP) — Cheniere Energy has named Jack Fusco as CEO after the natural gas company’s previous CEO was forced out under pressure from activist investor Carl Icahn. Fusco was most recently executive chairman of Calpine Corp., which generates electricity from natural gas. He was CEO of the Houston company from 2008 to 2014. Cheniere’s CEO and co-founder Charif ...

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US stocks slip after unemployment claims rise; tech slumps

stocks

NEW YORK (AP) — U.S. stocks are slipping Thursday morning after a surprising jump in the number of Americans who are out of work. Retailers got more bad news as department store Kohl’s reported disappointing first-quarter results. Companies including agribusiness giant Monsanto are climbing on reports of possible buyouts. KEEPING SCORE: The Dow Jones industrial average lost 47 points, or ...

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