U.S. may skirt oil storage crisis as drivers hit the road

A month ago, it seemed inevitable: a massive global oversupply of crude oilproduction would overwhelm storage tanks in Oklahoma and fill supertankers off Singapore.

High Oil Prices Continue To Drive Gas Prices Steadily Upwards

Oil drops to $55 as Iran nuclear talks intensify

Brent crude oil dropped towards $55 a barrel on Tuesday as Iran and six world powers entered a final day of talks over a nuclear deal that could see the energy-rich country increase oil exports to world markets.


Starbucks U.S. cafes debuting new smoothies, kale optional

Starbucks Corp (SBUX.O) and Danone SA (DANO.PA) on Tuesday will begin selling a smoothie line at more than 4,300 U.S. Starbucks shops as part of a Greek yogurt partnership that will also include yogurt parfaits and ready-to-eat yogurt to be sold by grocers.

Starbucks To Pay $2.8 billion In Damages To Kraft Foods



Jobs & Career News

Mercedes to launch a pickup truck outside the United States


German carmaker Mercedes-Benz plans to launch a mid-sized pickup truck, expanding its premium brand into a lower-priced bracket in a bid to narrow the sales gap with arch rival BMW (BMWG.DE).

Peugeot French production increase earns presidential visit

Employees assemble cars at a production line of Dongfeng Peugeot Citroen Automobile factory in Wuhan, Hubei province, February 13, 2014.

PSA Peugeot Citroen (PEUP.PA) said on Friday it had chosen a French factory over a rival Spanish plant to expand engine production, prompting a visit by President Francois Hollande to highlight a bright spot in France's gloomy labor market.

Oil prices surge after Saudi air strikes in Yemen

Saudi Remains Committed To Supplying Market With Extra Oil If Needed: Official

Brent crude oil soared more than 4 percent towards $59 a barrel on Thursday after Saudi Arabia and its Gulf Arab allies began a military operation in Yemen, which sits on a key shipping passage between Europe and the Arab Gulf.

Employer incentives for U.S. worker wellness programs set record

Job Fair Held In New York City

Employers have ratcheted up the financial incentives they offer workers to participate in wellness programs to a record $693 per employee, on average, this year from $594 in 2014 and $430 five years ago, found a report released on Thursday.

Shell to cut more UK North Sea jobs in 2015


Royal Dutch Shell (RDSa.L) is planning further job cuts in its UK North Sea oil and gas business in 2015, the company said on Thursday, just a week after a package of tax cuts from the Treasury aimed at encouraging growth in the industry.


IBM says to invest $3 billion in 'Internet of Things' unit

International Business Machines Corp said on Tuesday it will invest $3 billion over the next four years in a new 'Internet of Things' unit, aiming to sell its expertise in gathering and making sense of the surge in real-time data.


Philips sells 80 percent of lighting components unit for $2.8 billion

Philips (PHG.AS) has agreed to sell an 80.1 percent stake in its lighting components division for $2.8 billion to Go Scale Capital, a technology fund that will seek to expand the company's automotive and LED businesses.

Oil Rigs

Oil prices drop on possible Iran deal, dollar

Oil prices fell on Monday as officials from Iran and six world powers discussed a possible deal over Tehran's nuclear programme that could bring an end to sanctions and allow an increase in Iranian oil exports.

Asian Stocks

European, Asian shares rise, helped by Chinese stimulus

Shares rose on Monday with Asian stocks buoyed by hopes for stimulus to boost China's economy, but the euro slipped on more concern about Greece's finances.

George Soros speaks on stage at the Annual Freedom Award Benefit Event hosted by the International Rescue Committee at the Waldorf-Astoria in New York November 6, 2013.

Soros says ready to invest $1 billion in Ukraine if West helps

Billionaire financier George Soros is ready to invest $1 billion in Ukraine, if Western countries help private investment there. He also put the odds of Greece leaving the euro at a third, in an interview with Austrian newspaper Der Standard.


Ford revives the Lincoln Continental, aims at U.S. and China

Ford Motor Co (F.N) will resurrect the Lincoln Continental as its top-of-the line luxury sedan, betting the classic name will help rebuild the brand's image in the United States and China.


Volvo Cars to build U.S. plant to spearhead sales recovery

Volvo Cars will invest $500 million in its first U.S. assembly plant under plans announced on Monday, plugging a longstanding gap in the Swedish carmaker's manufacturing base as it pursues a global comeback under Chinese ownership.

Toyota Recalls 2014 List: Japanese Car Company Pulls Out A Number of Vehicles Due to Faulty Air Bags

In among the robots, veteran Toyota staffer says manual labor is key to success

In a corner of Toyota's oldest factory, the Japanese carmaker's longest-serving employee preaches the benefits of craftsmanship, saying manual labor is the key to success in a highly automated automotive industry.

Iraq's biggest oil refinery shut down, foreign staff evacuated

Oil falls more than $1 as Middle East supply fears ease

Oil prices fell more than $1 a barrel on Friday as worries receded over the threat of disruptions to Middle East supplies due to Saudi Arabia-led air strikes in Yemen.

Goldman Sachs Group

Goldman climbs to top commodity bank ranking over JP Morgan

Goldman Sachs became the top commodities bank last year, overtaking rival JP Morgan, a consultancy said on Friday.

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