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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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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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