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Tag Archives: energy companies

Kennemetal offers buyouts to 1,000 U.S. white-collar workers

Kennametal Inc. is offering buyouts to 1,000 U.S. workers, a fifth of its domestic workforce, as the toolmaker takes the first steps on plans it announced last month to accelerate downsizing because of a slump in the energy industry. The Unity-based company said it made the voluntary buyout offers to its white-collar employees on Monday. Spokeswoman Lorrie Paul Crum declined ...

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Energy sector IPOs surge in 2014

Energy companies took advantage of going public this year as the initial public offerings (IPO) market saw its highest gains since 2000, according to investment advisory firm Renaissance Capital. Energy IPOs reached a new record in 2014, with over $12 billion in proceeds raised. Out of the 273 total public offerings made in 2014, 30 came out of the energy ...

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In North Dakota, donations slip as oil slides

BISMARCK, N.D. December 21, 2015 — Thousands of layoffs from the oil industry’s slide have taken a toll on donations in western North Dakota’s oil patch, just as charities say their need is increasing. Donations to the Salvation Army were down by more than 60 percent in Williston, in the heart of oil country, as of mid-December. And energy companies ...

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