Oil prices fall due to oversupply

Oil prices fall due to oversupply

On December 1, 2016, the Ministry of Petroleum Resources announced the decision of the OPEC (Organization of Petroleum Exporting Countries) after strategic negotiations to exempt Nigeria from the oil output cut agreement. However, the Oil Minister of Nigeria , Ibe Kachikwu, expressed unavailability to attend the meeting due to another commitment. Should they reach their daily output goals of 1.25 million and 1.8 million bbl, respectively, overall OPEC production by year-end may be close ... Read More

Man dies when air bag inflator ruptures amid auto fix

Man dies when air bag inflator ruptures amid auto fix

A medical examiner ruled his death accidental due to head trauma, according to a Hialeah police report. The individual, who did not own the Accord , died the next day. The inflators, which were either originally used in the vehicles or used as replacements after a crash, differ from Takata's previous recalls because they contain calcium sulfate, a chemical meant to be a drying agent. Read More

Flight attendant breaks wine bottle over unruly passenger's head

Flight attendant breaks wine bottle over unruly passenger's head

He now faces a felony charge of interfering with a flight crew, which carries a possible sentence of up to 20 years in prison and a $250,000 fine. Photos from inside the plane reveal blankets and food strewn across the cabin floor while a spilled beverage can be seen dripping down the exit door. Read More

Huerter, USA U19 Win Bronze Medal At FIBA World Cup

Huerter, USA U19 Win Bronze Medal At FIBA World Cup

Brandon McCoy (Cathedral Catholic H.S/San Diego, Calif.) contributed eight points and seven rebounds, while Pritchard and Hamidou Diallo (Kentucky) each added eight points. Team USA outscored Germany 21-4 over the final 7:20 of the quarter to grab a 56-41 lead. Team USA hadn't been tested at all leading up to Saturday. Read More

Tillerson appoints former North Atlantic Treaty Organisation ambassador to lead Ukraine negotiations

And we do not rule out that we'll be able to arrange a summit following these phone talks. According to the president, Ukraine is not interested in delaying such negotiations, because "Ukraine pays a high price - its heroes are wounded and killed" every day. Read More

Roanoke Kmart among stores to be shut down

Roanoke Kmart among stores to be shut down

The store closings are in addition to 150 the company announced in January. As of now, these 43 stores are scheduled to close in October. "We're losing the smaller discount stores", she said. Macy's plans to shut 68 stores. The latest closings will bring Sears' store count to just over 1,100, down from almost 2,100 five years ago, according to businessinsider.com. Read More

Major fire breaks out at construction site near Lake Merritt in Oakland

Major fire breaks out at construction site near Lake Merritt in Oakland

A local reporter for ABC7 News, Alexis Smith, tweeted helicopter footage of the fire. Investigators suspect arson, while the owner is anxious the motive might be opposition to new development. They are expected to plead not guilty. "We are going to be relentless in investigating this fire", said Oakland Mayor Libby Schaaf. Fires have plagued Oakland in recent months. Read More

Soundcloud cuts workforce by almost half, closes London and San Francisco offices

Soundcloud cuts workforce by almost half, closes London and San Francisco offices

The startup, which was speculated to be worth more than Spotify by TechCrunch just previous year, is also closing its San Fransico hub and is in talks with staff in London about the future of that office. In a move to stay viable, audio discovery and sharing platform SoundCloud is to cut 173 jobs, or 40pc of its workforce. In January, SoundCloud said it was at risk of running out of money this year, especially if its subscription service continued to struggle. Read More

Elon Musk's Tesla to make world's largest lithium-ion battery

Elon Musk's Tesla to make world's largest lithium-ion battery

Musk pledged the project would be completed in 100 days or it's free. Musk said at a press conference this week the 100MW project was more than a small jump on current systems. Upon completion in December 2017, the system will be big enough to provide power for more than 30,000 homes during peak hours, approximately equal to the amount of homes that lost power during the blackout period. Read More

First Production Cars to Roll Out on July 7

First Production Cars to Roll Out on July 7

The model has passed all regulatory requirements for production two weeks ahead of schedule , he said . The Model 3 is to start around $35,000 and with a $7,500 federal electric vehicle tax credit, could cost $27,500. The Model 3 will be priced around $35,000. Tesla says at least 400,000 people have paid $1,000 to reserve the right to purchase the Model 3. It would be exciting to see what more Tesla has in store as more Model X and Model S vehicles will be coming out ... Read More

'Lazarus moment' for Sainsbury's after best sales performance in years

'Lazarus moment' for Sainsbury's after best sales performance in years

Supermarket chain Sainsbury's hailed its best sales for years, leading to one analyst hailing it as a "Lazarus moment". Sainsbury's said demand for deals on British strawberries and summer fare provided a boost to grocery sales, which jumped 3 per cent higher, while it also saw 1.9 per cent growth in the number of transactions at its tills. Read More

General Motors Company (NYSE:GM) Stock Rating Lowered by BidaskClub

General Motors Company (NYSE:GM) Stock Rating Lowered by BidaskClub

GM says its sales dropped 4.7 percent, while Ford sales declined 5.1 percent. Franklin Resources Inc. boosted its stake in Ford Motor Company by 26.7% in the fourth quarter. TRADEMARK VIOLATION WARNING: This piece was first published by Community Financial News and is the property of of Community Financial News. First Citizens Natl Bank And has 0.34% invested in General Motors Company (NYSE:GM) for 89,732 shares. Read More

Samsung ploughing billions into boosting memory production

Samsung ploughing billions into boosting memory production

Internet of Things and automotive technologiesRecent emerging IT trends such as the Internet of Things (IoT), artificial intelligence (AI), big data and automotive technology has sharply increased demand for next-generation hardware components. Read More

China's $9tn bond market opens up to foreign investors

China's $9tn bond market opens up to foreign investors

However, the share of Chinese domestic bonds held by foreign investors remained low. "The scheme not only provides an additional channel for worldwide investors to tap into the world's third largest bond market, but also reinforces Hong Kong's strategic importance as the gateway between China and the rest of the world", said Benjamin Hung, CEO for Standard Chartered China and North Asia. Read More

Qatar will not accept Arab demands, ready for talks

Qatar will not accept Arab demands, ready for talks

The bloc, on June 9, issued a list of 59 individuals and 12 entities claiming they are terrorists funded by Qatar . The requirements included terms such as shutting down the news agency Al Jazeera , breaking all aids to terrorist outfits like Muslim Brotherhood and shutting of the Turkish military base near the capital Doha. Read More

United States eases laptop ban for flights from Abu Dhabi airport, says Etihad

United States eases laptop ban for flights from Abu Dhabi airport, says Etihad

Long-haul airline Etihad said it welcomed Homeland Security's decision, which comes "subject to enhanced security measures" at Abu Dhabi International Airport. The United States has lifted a ban on passengers taking laptops and tablet computers on Etihad Airways flights from its base in the Emirati capital Abu Dhabi, authorities said Sunday. Read More

Serge Ibaka sticking with Raptors, agrees to three-year, $65 million deal

Based on Toronto's current situation, I would guess that Lowry signs a three-year deal with the Raptors worth somewhere around $87 million. President Masai Ujiri has been a wizard navigating bringing back his top talent, ensuring they get paid, but not on crippling terms. Read More

Djokovic tops Monfils for his 4th ATP title on grass — ATP Eastbourne

Djokovic tops Monfils for his 4th ATP title on grass — ATP Eastbourne

I was greeted, I was respected and for me it was just a phenomenal experience that I will definitely take with me to Wimbledon . "So that allowed me to be close to them. "So far it's my one final and one trophy in two years". "I got a little lucky today". Pliskova earned her ninth career title by breaking Wozniacki once in each set. Read More

Protests as new Hong Kong leader sworn in

Protests as new Hong Kong leader sworn in

Xi's visit comes amid heightened tension between China and the former British colony, where many are concerned at increasing interference by Beijing in the city's affairs, despite the promise of wide-ranging autonomy under the "two systems" agreement. Read More

Hot Stocks Report: NIKE, Inc. (NKE), Antares Pharma, Inc. (ATRS)

Hot Stocks Report: NIKE, Inc. (NKE), Antares Pharma, Inc. (ATRS)

At the time of writing, the stock had reached $57.81. The partnership has scared Nike's existing partners, sending shares of Foot Locker Inc and other retailers plummeting when it was first reported. $3.66M worth of Nike Inc (NYSE:NKE) was sold by PARKER MARK G on Thursday, June 1. The insider SPRUNK ERIC D sold 50,000 shares worth $2.78 million. Read More