Finance

The loss of 5% of world crude oil output from an attack on Saudi Arabia’s largest oil processing plant pushed crude prices sharply higher on Monday. U.S. crude oil was trading 9% higher while Brent crude added more than 10%. The attack on the Saudi Aramco facility halted output of more than half of Saudi […]

Anuj Kapoor took over his father’s booming auto parts business in 2012, hoping to elevate the company from selling to suppliers to selling directly to carmakers. Seven years later, he’s had to lay off half his workers as drooping sales caused his profit to plummet by at least 80%. Confidence in the Indian economy is

NEW YORK, Sept 15 (Reuters) – OxyContin maker Purdue Pharma LP filed for bankruptcy protection Sunday night, succumbing to pressure from more than 2,600 lawsuits alleging the company helped fuel the deadly U.S. opioid epidemic. Purdue’s board met Sunday evening to approve the long-expected bankruptcy filing, which the company is pursuing to restructure under terms

The Latest on oil prices in the wake of the attack on a Saudi Arabian oil plant (all times local): 10:30 a.m. An attack on a critical Saudi Arabia oil plant has pushed crude prices sharply higher, though they moderated on expectations that reserves will help bridge any shortfalls in output. By late morning in

An attack on a critical Saudi Arabia oil plant pushed crude prices sharply higher Monday, though its longer-term impact depends on how long production is disrupted and what this weekend’s attack presages for the future. U.S. crude oil jumped $5.61 per barrel, or 10.2%, to $60.46 per barrel in electronic trading on the New York

HOUSTON — The drone attack on one of Saudi Arabia’s most important oil facilities could cripple a portion of Saudi petroleum exports for days or even weeks and send energy prices higher. But experts say that a severe shock to energy markets and the world economy is unlikely. The attack on the Abqaiq processing facility,

DETROIT (Reuters) – The United Auto Workers (UAW) said on Sunday that its roughly 48,000 hourly workers at General Motors Co facilities would go on strike as of midnight Sunday after U.S. labor contract talks reached an impasse, the first nationwide strike at GM in 12 years. “We do not take this lightly,” Terry Dittes, the

It was a good week for soybean farmers and a bad one for “Froopy” e-cigarettes. What are those, you ask? Read on and learn. ImageCreditGiacomo Bagnara What’s Up (Sept. 8-14) Vanquishing Vaping Dessert-flavored e-cigarettes will soon be banned as part of a federal crackdown on the growing trend of teenage vaping. Spearheaded by President Trump

Add on the handful of customers who throw cash in the jar after a credit card transaction, and we may be edging toward a 50 percent rate — enormous growth over counter-service tipping a decade ago, when tipping at counters mostly involved the highly optional act of throwing change in a jar. “The friction of

Leaders of the United Auto Workers union have extended contracts with Ford and Fiat Chrysler indefinitely, but the pact with General Motors is still set to expire Saturday night. The move puts added pressure on bargainers for both sides as they approach the contract deadline and the union starts to make preparations for a strike.