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Oil and Gas News

U.S. top court backs companies over worker class-action claims

U.S. top court backs companies over worker class-action claimsThe U.S. Supreme Court delivered a blow to the rights of workers on Monday by allowing companies to require them to sign away their ability to bring class-action claims against management, agreements already in place for about 25 million employees. The justices, in a 5-4 ruling with the court's conservatives in the majority, endorsed the legality of the growing practice by companies to compel workers to sign arbitration agreements waiving their right to bring class-action claims on various disputes, primarily over wages and hours. The ruling could apply more broadly to discrimination claims but the court did not explicitly address that issue.


Posted on 21 May 2018 | 5:24 pm

General Electric continues transformation; $11B rail deal

General Electric continues transformation; $11B rail dealGeneral Electric will tie its train engine division to the railroad equipment maker Wabtec in deal worth about $11 billion as GE CEO John Flannery continues to break off parts of the conglomerate. Wabtec CEO Raymond Betler will lead the combined company and its chairman, Albert Neupaver, will be executive chairman. Under the deal announced Monday and approved by the boards of both companies, General Electric Co. will get $2.9 billion in cash.


Posted on 21 May 2018 | 3:40 pm

Better Buy: Altria Group vs. Philip Morris

Better Buy: Altria Group vs. Philip MorrisWhich tobacco player should investors like more right now?


Posted on 21 May 2018 | 3:33 pm

US Steel is tumbling after Trump does a 180 on trade (X)

US Steel is tumbling after Trump does a 180 on trade (X)Manuel Balce Ceneta/AP


Posted on 21 May 2018 | 3:16 pm

Is This How AT&T Plans to Make DIRECTV Now Profitable?

Is This How AT&T Plans to Make DIRECTV Now Profitable?Can cloud DVR and an additional stream help stem losses from the streaming service?


Posted on 21 May 2018 | 3:07 pm

Tesla Model 3 Falls Short of a CR Recommendation

Tesla Model 3 Falls Short of a CR RecommendationTesters found flaws—big flaws—such as long stopping distances in our emergency braking test, and difficult-to-use controls.


Posted on 21 May 2018 | 3:05 pm

Palace Shares Family Portrait And Other Royal Wedding Photos

Palace Shares Family Portrait And Other Royal Wedding PhotosKensington Palace has released three official wedding photographs taken of Prince Harry and the former Meghan Markle shortly after their wedding. Alexi Lubomirski's images include a family portrait of the couple with Queen Elizabeth II, Prince Charles, Prince William and their spouses, as well as Markle's mother and the children who served as bridesmaids and page boys.


Posted on 21 May 2018 | 2:54 pm

Top Analyst Reports for Procter & Gamble, AbbVie, McDonald's & PepsiCo

Top Analyst Reports for Procter & Gamble, AbbVie, McDonald's & PepsiCoTop Analyst Reports for Procter & Gamble, AbbVie, McDonald's & PepsiCo


Posted on 21 May 2018 | 2:53 pm

Corporate Bonds Sink Fast in One of Worst Tumbles Since 2000

Corporate Bonds Sink Fast in One of Worst Tumbles Since 2000You need to rifle through 18 years of history to find selloffs that compare to the one corporate bond investors are now enduring. Debt of American companies just posted their third-worst 100-day returns since 2000, according to a JPMorgan Chase & Co. index, as tighter monetary conditions leave their mark on high-quality bonds with longer maturities. With negative returns likely to scare off retail investors, the outlook for the asset class looks grim, JPMorgan strategists said in a Friday note.


Posted on 21 May 2018 | 2:38 pm

Trump reportedly having second thoughts on N Korea summit

Trump reportedly having second thoughts on N Korea summitPresident Trump is reportedly growing increasingly worried about the upcoming summit with Kim Jong-Un. Yahoo Finance’s Alexis Christoforous, Melody Hahm and Ethan Wolff-Mann discuss what it means.


Posted on 21 May 2018 | 2:11 pm

Tesla's new $78,000 Model 3 is incredibly overpriced (TSLA)

Tesla's new $78,000 Model 3 is incredibly overpriced (TSLA)Elon Musk took to Twitter on Saturday to announce a $78,000 version of the Tesla  Model 3. The Tesla Model 3 was originally revealed in 2016 as a $35,000 mass-market vehicle. Tesla needs an influx of revenue, and a very expensive trim level of the Model 3 will help.


Posted on 21 May 2018 | 1:59 pm

Here's what you should spend on a wedding gift

Here's what you should spend on a wedding giftDoes a wedding gift have to double the cost of a meal? Lizzie Post from the Emily Post Institute explains.


Posted on 21 May 2018 | 1:59 pm

Buffett's 3 Most Important Stock Sales in 2018

Buffett's 3 Most Important Stock Sales in 2018Find out where the Oracle of Omaha pared Berkshire's portfolio -- and why.


Posted on 21 May 2018 | 1:42 pm

3 Stocks That Pay You to Own Them

3 Stocks That Pay You to Own ThemIf you like dividends, here are three income stocks with big yields that pay you very well to own them.


Posted on 21 May 2018 | 1:34 pm

600-horsepower Porsche Mission E gets Mark Webber's seal of approval

600-horsepower Porsche Mission E gets Mark Webber's seal of approvalPorsche continues to make progress in developing its Mission E electric sports sedan, and apparently it's made enough of them to let former F1 driver and recent Porsche 919 Hybrid endurance car driver Mark Webber take a turn behind the wheel. The company got his test drive on video, along with his impressions. He seems quite pleased.


Posted on 21 May 2018 | 1:15 pm

Why Amazon pays employees $5,000 to quit

Why Amazon pays employees $5,000 to quitThe tech giant offers a strong incentive to those considering an exit.


Posted on 21 May 2018 | 12:23 pm

Report: Social Security's COLA Would Need to Double to Provide Adequate Benefits to Seniors

Report: Social Security's COLA Would Need to Double to Provide Adequate Benefits to SeniorsThe hold harmless provision isn't so harmless after all, according to a new analysis.


Posted on 21 May 2018 | 12:21 pm

NextEra Energy to buy some Southern Co assets for $5.08 billion

NextEra Energy to buy some Southern Co assets for $5.08 billion(Reuters) - U.S. power company NextEra Energy Inc (NEE.N) said on Monday it would buy some assets including Gulf Power Co and Florida City Gas from rival Southern Co (SO.N) for $5.08 billion (3.8 billion ...


Posted on 21 May 2018 | 12:16 pm

3 Embarrassingly Cheap Dividend Stocks

3 Embarrassingly Cheap Dividend StocksWith the stock market continuing to rise, value is getting hard to find. Here are three top stocks to consider.


Posted on 21 May 2018 | 12:06 pm

BP, ConocoPhillips in Talks to Sign Asset Swap Agreement

BP, ConocoPhillips in Talks to Sign Asset Swap AgreementPer Bloomberg, BP is likely to increase stake in North Sea assets. In exchange, ConocoPhillips will get hold of BP's assets in Alaska.


Posted on 21 May 2018 | 11:55 am

The 5 States With the Best Savings Rates -- and the 5 With the Worst

The 5 States With the Best Savings Rates -- and the 5 With the WorstMillions of Americans are far behind in their savings. See which states are doing the best and worst jobs of saving -- and how you compare with them.


Posted on 21 May 2018 | 11:52 am

Samsung Is Making Its Move Against Qualcomm

Samsung Is Making Its Move Against QualcommSamsung sees an opportunity to expand its mobile chipmaking business.


Posted on 21 May 2018 | 11:16 am

The Surprising Thing Seniors Miss the Most About Pre-Retirement Life

The Surprising Thing Seniors Miss the Most About Pre-Retirement LifeHint: It's not money.


Posted on 21 May 2018 | 11:06 am

GE reaches deal to merge with Wabtec

GE reaches deal to merge with WabtecGeneral Electric has reached a deal to merge its transportation division with rail equipment maker Wabtec in a transaction valued at $10 billion after an adjustment for tax benefits.


Posted on 21 May 2018 | 11:05 am

The story of how Elizabeth Holmes arrived at her infamous black turtleneck Steve Jobs-style look

The story of how Elizabeth Holmes arrived at her infamous black turtleneck Steve Jobs-style lookTheranos founder Elizabeth Holmes carefully crafted a persona in order to do what she believed was necessary to fit in the Silicon Valley scene. This persona included a Steve Jobs-esque uniform of black turtlenecks and slacks. A former employee also believes that Holmes altered her voice as part of the persona.


Posted on 21 May 2018 | 11:00 am

An incident back in 2006 shows just how far back Theranos' deception went in the company's history

An incident back in 2006 shows just how far back Theranos' deception went in the company's historyThe blood-testing company Theranos had been around for 12 years before questions started getting raised about its services. The company, however, had a long history of deceptive practices. In the Wall Street Journal investigative reporter John Carreyrou's new book, "Bad Blood: Secrets and Lies in a Silicon Valley Startup," he describes a demonstration of the technology in 2006 in which recorded blood-testing results were presented as real-time results.


Posted on 21 May 2018 | 11:00 am

How Warren Buffett Thinks We Should Fix Social Security

How Warren Buffett Thinks We Should Fix Social SecurityThe Oracle of Omaha thinks we should save Social Security -- here's how he thinks it can be done.


Posted on 21 May 2018 | 10:13 am

General Electric (GE) Up 7.4% Since Earnings Report: Can It Continue?

General Electric (GE) Up 7.4% Since Earnings Report: Can It Continue?General Electric (GE) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.


Posted on 21 May 2018 | 8:29 am

Bitcoin Cash, Litecoin and Ripple Daily Analysis – 21/05/18

Bitcoin Cash, Litecoin and Ripple Daily Analysis – 21/05/18A choppy start to the day, with the crypto majors in the red, but with no major sell-off early on, it could be another positive day ahead, the bulls looking to seize control following last week’s slide across the market.


Posted on 21 May 2018 | 4:44 am

Bangkok Air Talking to Airbus, Boeing, Bombardier for 20 Planes

Bangkok Air Talking to Airbus, Boeing, Bombardier for 20 PlanesBangkok Airways Pcl will soon submit specifications for an order of 20 narrow-body planes to Airbus SE, Boeing Co. and Bombardier Inc., its President Puttipong Prasattong-Osoth said. The carrier, which currently has 12 Airbus 319s and nine Airbus 320s, will pick one manufacturer for the order by the end of the year, Puttipong said in an interview Friday. Bangkok Airways has tumbled more than 40 percent since listing in 2014.


Posted on 21 May 2018 | 3:12 am

Did Celgene Corporation’s (NASDAQ:CELG) Recent Earnings Growth Beat The Trend?

Did Celgene Corporation’s (NASDAQ:CELG) Recent Earnings Growth Beat The Trend?For investors with a long-term horizon, assessing earnings trend over time and against industry benchmarks is more valuable than looking at a single earnings announcement in one point in time.Read More...


Posted on 21 May 2018 | 12:27 am

5 Marijuana Stocks To Watch In 2018

5 Marijuana Stocks To Watch In 2018Marijuana markets are set to boom in North America as Canada prepares for the nationwide legalization of cannabis, creating some huge opportunities for investors


Posted on 20 May 2018 | 11:30 pm

After 6 Years as a Shareholder, Here's Why I Just Sold My Intel Stock

After 6 Years as a Shareholder, Here's Why I Just Sold My Intel StockThe company's poor execution and lack of investor transparency was enough for me to hit the sell button.


Posted on 20 May 2018 | 10:20 pm

Oil CEOs: Higher Oil Prices Haven’t Increased Our Appetite for M&A

Oil CEOs: Higher Oil Prices Haven’t Increased Our Appetite for M&AThe CEOs of two large oil stocks have made it clear that they have no interest in corporate mergers and acquisitions.


Posted on 20 May 2018 | 7:20 pm

Orlando's Airport Authority Just Leaked JetBlue's Growth Plan

Orlando's Airport Authority Just Leaked JetBlue's Growth PlanJetBlue has big growth plans in Orlando. Will this put it in conflict with market leader Southwest Airlines?


Posted on 20 May 2018 | 5:55 pm

This Cannabis-Based Drug Is On the Verge of Making History

This Cannabis-Based Drug Is On the Verge of Making HistoryIf approved by the FDA, this cannabidiol-based drug may have an opportunity to (partially) reform federal law.


Posted on 20 May 2018 | 5:11 pm

Nunes: If the informant reporting is true, it's a red line

Nunes: If the informant reporting is true, it's a red lineRep. Devin Nunes on 'Sunday Morning Futures' speaks out about information about the DOJ reported by multiple news outlets regarding a possible informant within the Trump campaign.


Posted on 20 May 2018 | 3:22 pm

Rep. Nunes: Show us the information that led to FISA warrant

Rep. Nunes: Show us the information that led to FISA warrantComey says Steele dossier was not the only factor that led to the FISA warrant and the Trump-Russia investigation; Rep. Devin Nunes calls for more documents to be released on 'Sunday Morning Futures.'


Posted on 20 May 2018 | 3:01 pm

3 High-Yield Dividend Stocks I'd Buy Right Now

3 High-Yield Dividend Stocks I'd Buy Right NowThis trio of income stocks is currently at the top of my list.


Posted on 20 May 2018 | 2:25 pm

Craftsman Tools at Lowe's: Bad News for Sears Holdings

Craftsman Tools at Lowe's: Bad News for Sears HoldingsLowe's has started carrying a collection of Craftsman tools and accessories, with more on the way. That's bad news for Sears Holdings, which still earns a tidy profit selling Craftsman products.


Posted on 20 May 2018 | 2:18 pm

Here's What Americans Say it Takes to Be Financially Comfortable - and How You Can Get There

Here's What Americans Say it Takes to Be Financially Comfortable - and How You Can Get ThereIt's not a small number, but it's attainable nonetheless.


Posted on 20 May 2018 | 1:55 pm

Tips from top players on mastering 'Fortnite,' the hottes...

Tips from top players on mastering 'Fortnite,' the hottes...Epic Games' 'Fortnite' is the hottest game on the internet, surpassing 'Minecraft.' CNBC compiled tips and tricks from the top Fortnite players, like Ninja, Ali-A, Dakotaz and Zaccubus on how to master the game.


Posted on 20 May 2018 | 12:59 pm

3 Attractive Dividend Stocks Whose Dividends Could Double

3 Attractive Dividend Stocks Whose Dividends Could DoubleFind out how these surprising stocks could reward shareholders.


Posted on 20 May 2018 | 12:02 pm

Are Oregon's Marijuana Woes a Precursor of What's to Come in Canada?

Are Oregon's Marijuana Woes a Precursor of What's to Come in Canada?Cannabis oversupply is forcing Oregon's growers to adapt.


Posted on 20 May 2018 | 11:21 am

Better Fuel Cell Stock: Plug Power (PLUG) vs. Ballard Power Systems (BLDP)

Better Fuel Cell Stock: Plug Power (PLUG) vs. Ballard Power Systems (BLDP)Fuel cells hold promise for portable power applications, but the industry remains in its infancy. Which business is better-positioned for the long haul?


Posted on 20 May 2018 | 11:14 am

Want to Invest in Jack Ma? Avoid Alibaba’s Rivals

Want to Invest in Jack Ma? Avoid Alibaba’s RivalsHONG KONG—Global investors looking to buy stakes in China’s most valuable private technology company are being forced to pick a side in the nation’s biggest business rivalry. Ant Financial Services Group, a financial-technology juggernaut controlled by billionaire Jack Ma, is preparing to close a $10 billion private fundraising round that would value the Hangzhou-based company at $150 billion, according to people familiar with the matter. As part of the deal, investors putting money into Ant have to agree not to invest in or raise their stakes in companies controlled by major rivals such as social-media giant Tencent Holdings Ltd. and online retailer JD.com Inc., the people said.


Posted on 20 May 2018 | 11:05 am

Why Smart People Take Social Security at 62 (Even When They Shouldn't)

Why Smart People Take Social Security at 62 (Even When They Shouldn't)Is it really a mistake to claim benefits early?


Posted on 20 May 2018 | 10:01 am

Duterte Says Philippines Won't Oppose China on Sea Activity

Duterte Says Philippines Won't Oppose China on Sea ActivityPhilippine’s President Rodrigo Duterte reiterated that he would not provoke China into a war following reports that the Chinese military landed long-range bombers on an airport in the South China Sea. “You know they have the planes, not stationed in Spratly but near the provinces facing -- Chinese provinces facing the Spratly and the China Sea. Facing criticism over his apparent inaction on China’s increasing military activity in the South China Sea, Duterte questioned where his country would end up should war erupt in the region.


Posted on 20 May 2018 | 3:08 am

Here’s the Maximum Social Security You Can Get If You Wait Until 70

Here’s the Maximum Social Security You Can Get If You Wait Until 70Postponing Social Security can significantly increase your monthly Social Security check, even if you qualify for the maximum benefit.


Posted on 20 May 2018 | 12:00 am

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