Low oil prices are intensifying competition between OPEC members

Low oil prices are intensifying competition between OPEC members

With swelling crude oil inventories and rising global oil production, oil prices have now fallen below 11-year lows. On Monday December 21, 2015, Brent was trading at $ 36.04 per barrel while the WTI benchmark was trading at $ 34.74 a barrel. OilPrice.com … Continue reading at businessinsider.com

China’s record M&A boom in Korea furthers Xi’s new economy dream

SEOUL, South Korea – Companies in China are buying their South Korean counterparts at a record pace, tapping into one of the world’s most innovative countries to accelerate President Xi Jinping’s push for an economy led by technology and consumer services. Continue reading at chicagotribune.com

Look for new life on old Detroit sites in ’16

Rendering provided by Rock Ventures shows Dan Gilbert’s plans for the Hudson’s site on the right. (Photo: Rock Ventures) Some of Detroit’s most famous vacant sites finally may see new construction getting under way in 2016, turning some of the city’s … Continue reading at freep.com

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Autos, energy help narrow slump in China industrial profits, mining lags

Profits earned by Chinese industrial companies in November fell 1.4 percent from a year earlier, marking a sixth consecutive month of decline, data from the statistics bureau showed on Sunday. Industrial profits – which cover large enterprises with annual … Continue reading at cnbc.com

Death toll at least 7 in Texas storms that spawned tornadoes

DALLAS (AP) — Tornadoes swept through the Dallas area leaving substantial damage and at least seven people dead either from the storm or related traffic accidents, in the latest of a succession of freakish winter weather events across the country that on … Continue reading at finance.yahoo.com

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HNA Group Kicks Off The Global Charity Relay Run

“2016 HNA Global Charity Relay Run” Haikou Station Challenges The GUINNESS WORLD RECORDS(TM) Title HONG KONG, Dec 27, 2015 – (ACN Newswire) – To celebrate HNA Group’s entering the elite ranks of the Fortune Global 500, underscore its international presence … Continue reading at en.acnnewswire.com

Eagle Asset Management Raises Stake in WABCO Holdings Inc. (WBC)

Eagle Asset Management raised its stake in WABCO Holdings Inc. (NYSE:WBC) by 86.4% during the third quarter, according to its most recent filing with the SEC. The hedge fund owned 1,196,026 shares of the company's stock after buying an additional 554,407 … Continue reading at sleekmoney.com

Keeping manufacturing in America | Don Brunell

As we approach 2016, we need to stop and look at what it takes to keep manufacturing in America. Our country has advantages, which include higher product quality, shorter delivery times, rising offshore wages, lower inventory, and the ability to be more … Continue reading at blscourierherald.com

Magellan Midstream Generally Resilient to Commodity Prices in 3Q15

Magellan Midstream Partners' (MMP) stock price is impacted by the price of energy commodities. The correlation between Magellan Midstream's stock price and the near-month WTI (West Texas Intermediate) crude oil futures price over the last 15 years was … Continue reading at marketrealist.com

Why Nigeria Must Prepare for a Less than Oil Price, by Experts

With the sustained slide in crude oil prices due to glut of oil on international market, experts have warned that Nigeria must prepare for a less than $ 20 oil price scenario. The warnings are coming on the heels of the new projection contained in the … Continue reading at thisdaylive.com

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