Business

Oil Slides on concerns over US Output

Oil Slides on concerns over US Output

The group of oil producers implemented 94% of their pledged 1.8 million barrels a day of supply cuts in February, up from 86% the previous month, according two delegates familiar with the conclusions of a meeting of a technical committee at the Vienna headquarters of the Opec on Friday.


Marathon Petroleum Corporation (MPC), L Brands, Inc. (LB)

Marathon Petroleum Corporation (MPC), L Brands, Inc. (LB)

Operational risks and foreign currency translation issues also pose risks to the company. Marathon Oil Corporation is now showing 84.7% EPS growth this year. Shareholders of record on Monday, February 13th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, February 9th.



PM Narendra Modi expresses displeasure over absence of MPs , ministers in Parliament

Making his disappointment clear, the prime minister is said to have minced no words in pulling BJP members up and asking them to be present during sessions. If not in their respective Houses during the session, the MPs are often found in Central Hall of Parliament, a place used by members to relax and hold conversations with others.


New Zealand holds interest rate at historic low

New Zealand holds interest rate at historic low

Economists aren't convinced the Reserve Bank will sit on its hands for another two years, with many predicting an increase in the cash rate next year as inflationary pressures emerge. The bank cited uncertainty in its global outlook. Wheeler reiterated those concerns, saying "major challenges remain with on-going surplus capacity in the global economy and extensive geopolitical uncertainty".



DryShips Inc. (NASDAQ:DRYS), Steel Dynamics (NASDAQ:STLD), People's United Financial

Analysts are forecasting earnings of $0.62 on a per share basis this quarter. Investors may also be following company stock volatility information, Steel Dynamics , Inc. X Management Limited Liability reported 0.01% of its portfolio in Steel Dynamics , Inc. Equities research analysts expect that Steel Dynamics will post $2.67 EPS for the current fiscal year.


Nine More Accused of Bribery in Worst Corruption Scandal in Navy History

Nine More Accused of Bribery in Worst Corruption Scandal in Navy History

Nine high-ranking Navy officers were arrested for accepting luxury travel, elaborate dinners and prostitutes from a Malaysian defense contractor in exchange for classified Navy information, USA authorities said Tuesday. Bruce Loveless, who recently retired, became the second admiral charged in the investigation, increasing the number of current and former officials charged to 20 in one of the Navy's worst corruption scandals, AP reported Tuesday.