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Oil falls after matching highest closing price of 2016

oil, stock market

NEW YORK (AP) — U.S. stock indexes are falling Wednesday morning, a day after their biggest gain in two months. Office supply companies Office Depot and Staples are tumbling after a judge blocked their plans to merge. Consumer stocks are plunging after Macy’s slashed its profit forecast and reported a steep drop in earnings. KEEPING SCORE: The Dow Jones industrial ...

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Never mind the buzzwords

northern lights

Branding for energy companies is more essential today than ever before. Customer engagement, disruption, internet of all things, innovation and advertising. These buzzwords mean nothing for energy if they are not delivered by a well-founded branding activities. A brand is more than a logo in the letterhead. A brand is the way the consumers define a company based on their perception. ...

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US stocks make biggest leap since March on China stimulus

NEW YORK (AP) — U.S. stocks surged to their biggest gain in two months on Tuesday after the Chinese government moved to stimulate the world’s second-largest economy. That gave a big boost to energy, chemicals and machinery companies. For months investors have worried about the state of China’s economy, which is slowing down after a quarter-century of rapid growth. The ...

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US wholesale stockpiles and sales break a losing streak

WASHINGTON (AP) — U.S. wholesale businesses increased their stockpiles and reported higher sales in March for the first time since September, the Commerce Department said Tuesday. Inventories held by wholesalers rose 0.1 in March from February. And sales rose 0.7 percent, the biggest monthly increase since April 2015. Rising oil prices played a role in snapping the losing streak in ...

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US stocks are mixed as oil and metals prices slide

stocks

NEW YORK (AP) — U.S. stocks are little changed in midday trading Monday as the market comes off two weeks of losses. Drug companies are leading gains in the health care sector, but energy and materials companies are falling. The price of oil is down following a government shakeup in Saudi Arabia. Energy and metals prices are also falling because ...

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House mulling tax increases amid record $1.3B shortfall

Oklahoma

OKLAHOMA CITY (AP) — With just three weeks left in the legislative session, Republican House leaders this week acknowledged they will consider increased taxes on fuel, services, alcohol and cigarettes as potential options for closing a $1.3 billion hole in the state budget. House Speaker Jeff Hickman said those tax proposals, along with the elimination of tens of millions of ...

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Texas energy company owner gets prison for Ponzi scam

prison, Texas energy, Ponzi

AUSTIN, Texas (AP) — The owner of a Texas energy exploration company must serve more than 13 years in federal prison and repay $3.7 million to investors who were scammed. Prosecutors in Austin say William Risinger owned RHM Exploration and operated the company as a Ponzi scam. The 44-year-old Risinger in January pleaded guilty to wire fraud and money laundering. ...

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