Stock market extends rally to a 4th week as energy recovers
By BERNARD CONDONAP Business Writer NEW YORK (AP) - A jump in crude oil and a rise in European markets set off a rally in U.S. stocks to cap a four-week winning streak for major indexes. Investors bought across industries from the start of trading on Friday. Drillers, refiners and other energy companies rose sharply as the price for U.S. crude hit a high for the year. Devon Energy jumped 11 percent and Southwestern Energy gained 10 percent. Just a month ago, investors were dum..>> view originalUnusual 11 Mid-Day Movers 3/11: (FCTY) (ATHX) (BOJA) Higher; (VMEM) (SGY) (FXCM) Lower
1st Century Bancshares, Inc. (Nasdaq: FCTY) 32.2% HIGHER; Midland Financial Co., the holding company for MidFirst Bank, and 1st Century Bancshares, Inc., the holding company for 1st Century Bank, National Association, jointly announced they have ...>> view originalDoes United's move mean end of the line for the 747?
United's announcement this week that it is speeding up retirement of its Boeing 747s comes after years of talk of the iconic jumbo jet's demise. Changes in airline fleets move slowly, and United's announcement would take years to implement, but the Chicago-based airline's transition is part of a global trend. "The Boeing 747 has been in the sunset of its product life cycle for many years," said Rob Morris, head of consultancy at Ascend, an aircraft industry observer. "Many other operators are m..>> view originalUS oil and natural gas drilling rig count at record low
(Recasts with oil and gas rigs falling to record lows based on Baker Hughes data) March 11 The number of rigs drilling for oil and natural gas in the United States has fallen to the lowest level since at least 1940, oil services company Baker Hughes Inc said on Friday, as energy firms continued to slash activity amid the deepest energy price rout in a generation. Combined rigs in the U.S. oil and gas fields fell by nine this week to 480, overwriting a previous record low of 488 in Apr..>> view originalJapan marks Fukushima disaster's fifth anniversary
RIKUZENTAKATA, Japan รข€” Japanese gathered in Tokyo and along the country's ravaged northeast coast to observe a moment of silence at 2:46 p.m. Friday, exactly five years after a magnitude-9.0 earthquake struck offshore, triggering a devastating tsunami that killed more than 18,000 people and sent reactors at the Fukushima nuclear plant into meltdown. Some teared up as they held hands or bowed their heads in prayer as sirens sounded on a chilly afternoon in northern Japan. Japanese Emperor Aki..>> view originalCentral Bank bonanza from Washington to Tokyo
FRANKFURT Central banks take center stage in the coming week as policymakers from Washington to London and Tokyo battle slowing global growth, heightened market volatility and deflationary pressures.Coming after the European Central Bank's massive stimulus package, the U.S. Federal Reserve must resolve conflicting economic drivers while the Bank of England will take a cautious line ahead of a defining vote on European Union membership.A standout in an otherwise wobbly world economy, even the U..>> view originalGM, Ford invest in driverless cars, ride hailing
As it plunged toward bankruptcy in 2009, General Motors Co. was slammed for its reluctance to change.Now, with the auto industry speeding toward a point where cars drive themselves, the automaker is trying to get ahead of the curve. On Friday, GM said it acquired Cruise Automation, a 40-person software company in San Francisco that has been developing autonomous-vehicle technology. GM plans to use Cruise technology to gave autonomous capability to its vehicles, though likely not in existing mod..>> view originalJessica Alba's Honest Company Denies Claims Their Detergent Contains Chemical They Said to Avoid
Paul Zimmerman/Getty Images The Honest Company being dishonest? Not so fast.Jessica Alba's consumer goods company is on the defense after The Wall Street Journal released a story claiming the company's detergent contains the compound sodium lauryl sulfate (SLS), an ingredient they've previously expressed consumers should avoid. "Our findings support that there is a significant amount of sodium lauryl sulfate in Honest's detergent," Barbara Pavan, a chemist at Impact Analytical, told the pape..>> view originalGM buys Cruise Automation in a bid for autonomous driving
As it plunged toward bankruptcy in 2009, General Motors Co. was slammed for its reluctance to change.Now, with the auto industry speeding toward a point where cars drive themselves, the automaker is trying to get ahead of the curve. On Friday, GM said it acquired Cruise Automation, a 40-person software company in San Francisco that has been developing autonomous-vehicle technology. GM plans to use Cruise technology to gave autonomous capability to its vehicles, though likely not in existing mod..>> view originalUS Import Prices Fell 0.3% in February
Falling import prices are continuing to offer a check on overall U.S. inflation, though there are signs the pressure from abroad may be easing. Import prices decreased 0.3% in February from the prior month after falling a revised 1% in January, the Labor Department said Friday. It was their eighth consecutive monthly decline; economists surveyed...>> view original
Friday, March 11, 2016
Stock market extends rally to a 4th week as energy recovers and other top stories.
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