Home / Business (page 60)

Business

Danger signs flashing for global economy, years after crisis

WASHINGTON — Eight years after the financial crisis, the world is coming to grips with an unpleasant realization: serious weaknesses still plague the global economy, and emergency help may not be on the way. Sinking stock prices, flat inflation, and the bizarre phenomenon of negative interest rates have coupled with a downturn in emerging markets to raise worries that the ...

Read More »

US stocks open higher, building on the gains from last week

NEW YORK (AP) — Stocks are opening broadly higher, building on the market’s gains from late last week. Banks and retailers had some of the biggest gains Tuesday. Several stocks were also moving on earnings and deal news. Home security company ADT soared 50 percent after agreeing to be acquired by an investment company. Spam maker Hormel Foods jumped 8 ...

Read More »

A holistic approach to mortgage lending

When selecting a mortgage lender it’s important to find a reputable one, or better yet, ask around for recommendations. This is how homebuyers tend to find Valley Mortgage – friendly referrals based on past, proven performances. The company has been around since 1983 and thus, seen many changes in the industry’s regulations as well as approaches to lending. According to ...

Read More »

Energy Recovery CEO talks innovation, oil markets (VIDEO)

Energy Recovery CEO talks innovation, oil markets (VIDEO)

Joel Gay, president and CEO of Energy Recovery, spoke about navigating the rocky oil market with Yahoo! Finance on Friday. Energy Recovery’s products, including the Vorteq hydraulic pumping system, allow oil and gas operators to reduce inefficiencies and increase profits. The Vorteq system is designed to isolate hydraulic fracturing pumps from abrasive proppants that cause pump failure. Last year, Schlumberger ...

Read More »

US stocks end a down week on an up note

FILE - This Jan. 4, 2010, file photo, shows an historic marker on Wall Street in New York. Worries over the global economy weighed heavily on stock markets Monday, Feb. 8, 2016, with Europe bearing the brunt of the selling. And oil prices fell further, with the benchmark New York rate below $30 a barrel again. (AP Photo/Mark Lennihan, File)

U.S. stocks ended a down week on an up note, finishing sharply higher on the strength of energy and financial shares. It was the market’s first up day since late last week. Despite the rebound Friday, the major indexes ended the week down about 1 percent. Oil jumped 12 percent, helping lift energy company shares. Banks shares soared, led by ...

Read More »

Black Hills Corp. completes purchase of SourceGas Holdings

Evening and night views of natural gas fired electric generation plant, Pueblo, Colorado. (Image courtesy of Black Hills Energy)

RAPID CITY, S.D. (AP) — South Dakota-based Black Hills Corp. says it has completed its purchase of Colorado-based SourceGas Holdings. Black Hills Corp. serves 792,000 natural gas and electric utility customers in Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. SourceGas is a natural gas utility serving about 425,000 customers in Arkansas, Colorado, Nebraska and Wyoming. Utility commissions in ...

Read More »

Oklahoma budget hole jumps to $1.3 billion amid downturn

"Foggy Bottom Pump Jack" in Duncan, Oklahoma. (Image: duggar11 via Flickr)

OKLAHOMA CITY (AP) — Oklahoma finance officials say the hole in next year’s budget has increased to $1.3 billion, or nearly 20 percent of last year’s spending, amid depressed oil prices. The Office of Management and Enterprise Services announced Thursday that plunging revenue collections have widened the shortfall from the original projection of $900 million in December. A state panel ...

Read More »

Huntsman Corp. posts 4Q profit

Huntsman Corp. posts 4Q profit

Woodlands-based manufacturer Huntsman Corp. remains profitable even in a weakening economy with tighter profit margins. The company reported a net income gain of $9 million in the fourth quarter of 2015. The company recorded a net loss of $35 million during the fourth quarter 2014. Huntsman kept its earnings positive even though its quarterly revenues declined by 23 percent from $2.95 ...

Read More »