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  • Over the past eight weeks, drillers cut a total of 81 rigs, oil services company Baker Hughes Inc said in its closely followed report. U.S. oil futures this week however have lost over 5 percent to average $45 a barrel, sliding for a second straight week, on continuing oversupply concerns even as China's latest interest rate cut raised hopes for stronger demand from...

  • MADRID, Oct 18- Many countries around the world offer tax rebates or tax credits to attract foreign film or TV productions, as well as animation or video game projects, which can boost local economies. Spain is trying to catch up, with a 15 percent rebate for international production costs up to a cap of 2.5 million euros as it hopes to create jobs and bring...

  • The Department of Commerce, Department of Labor, Small Business Administration and the Appalachian Regional Commission combined resources to award their first grants to 36 projects. "These federal investments will provide critical leverage for local leaders to make things happen in Appalachian communities," said Earl Gohl, chair of the Appalachian...

  • LONDON, Oct 13- Who is the top forecaster in the oil market? The surprising answer is that nobody knows because the accuracy of predictions is never properly tracked and measured after they are made. Banks, consultancies, government agencies and even journalists routinely issue predictions about what will happen to oil supply, demand and prices in future.

  • Softer-than-expected U.S. jobs data and other economic statistics had weighed on oil earlier, along with reduced threats to oil installations in the U.S. East Coast from Hurricane Joaquin. U.S. energy companies this week cut the number of rigs drilling for oil by 26, a weekly survey by oil services company Baker Hughes showed. Brent, the global oil benchmark, was...

  • Drillers removed four oil rigs in the week ended Sept. 25, bringing the total rig count down to 640, the lowest since July, after cutting a total of 31 rigs over the three prior weeks, oil services company Baker Hughes Inc said in its closely followed report. Natural gas rigs were down one this week to 197, up just one from its lowest level since at least 1987, according...

  • NEW YORK, Sept 24- At least 27 U.S. state attorneys general on Thursday initiated a multi-state investigation of Volkswagen over its representations to consumers of its diesel vehicles, according to a spokeswoman for Illinois Attorney General Lisa Madigan. The crisis deepened on Thursday, when Germany's transport minister said Volkswagen had manipulated...

  • Senator John Hoeven, a Republican of North Dakota, the top U.S. oil-producing state besides Texas, said on Tuesday a measure to repeal the legislation would likely have to be attached to a wider bill. Oil producers say the exports ban, passed by Congress 40 years ago after the Arab oil embargo, has to be lifted to keep the U.S. drilling boom alive. The White House said on...

  • Drillers removed 10 rigs in the week ended Sept. 11 and 13 rigs in the week ended Sept. 4, bringing the total rig count down to 652, after adding rigs in six of the past eight weeks, oil services company Baker Hughes Inc said in its closely followed report. Earlier Friday, U.S. crude prices were down more than 2 percent after two banks, Goldman Sachs and Commerzbank, both...

  • LONDON, Sept 9- Glencore's Monday announcement of a multi-pronged debt reduction programme has boosted its share price by 17 percent and the copper price by five percent from their respective Friday closes. Glencore alone can't put a floor under the copper market. But Glencore's cutbacks, the most aggressive of any base metals producer in this part of the cycle,...

  • WASHINGTON, Sept 1- A multimedia, multi-state advertising blitz from industry groups opposing new national ozone standards reached Pennsylvania on Tuesday, part of their last-ditch attempt to scuttle the Obama administration's plans to issue new rules governing ground-level smog by Oct. 1. The U.S. Environmental Protection Agency sent its...

  • But the stock climbed further after the billionaire investor disclosed the stake in a filing with the U.S. Securities and Exchange Commission, and said that he plans to speak with Freeport and may seek board representation. Freeport is undervalued, Icahn said in the filing, and he intends to address "executive compensation practices and capital structure as...

  • WASHINGTON, Aug 27- U.S. lawmakers should work with the Department of Energy to restructure a project to convert excess U.S. weapons-grade plutonium into fuel for commercial nuclear reactors instead of abandoning it, former New Mexico Governor Bill Richardson said. Richardson told Senate Minority Leader Harry Reid in an Aug. 21 letter that switching to a...

  • TORONTO, Aug 27- Freeport-McMoran Inc said on Thursday it will slash its mining capital budget by 25 percent next year and cut 10 percent of its U.S. mine staff, as the diversified miner and energy producer attempts to weather an ongoing slump in copper prices. This marks the latest in a string of cuts from the Arizona- based company, which earlier this month reduced...

  • TORONTO, Aug 27- Freeport-McMoran Inc said on Thursday it will slash its mining capital budget by 25 percent next year and cut 10 percent of its U.S. mining staff, as the diversified miner and energy producer attempts to weather an ongoing slump in copper prices. Shares of Freeport-McMoran, which will also suspend operations and lower production at some U.S. mines,...

  • Aug 27- Diversified U.S. miner and energy producer Freeport-McMoran Inc said it would cut 10 percent of its U.S. mining workforce and lowered the amount it plans to spend on mining in 2016 by 25 percent to $2 billion as commodity prices continue to fall. The company, which operates seven open-pit copper mines in North America, plans to suspend mining at its Miami...

  • The 5 worst cities for small-business owners Wednesday, 19 Aug 2015 | 1:25 PM ET
    Small business

    Thumbtack’s Small Business Friendliness Survey uncovers America's best ad worst cities for owning a small business. Here are the 5 worst.

  • 'Breaking Bad' could be good for real estate Thursday, 30 Jul 2015 | 9:00 AM ET
    'Breaking Bad' could be good for real estate

    Two "Breaking Bad" houses are up for sale in Albuquerque, NM.

  • Oil field paychecks: Still big, but not booming Wednesday, 22 Jul 2015 | 11:17 AM ET

    After steadily rising on the back of America's shale revolution, wage growth for exploration and production professionals has essentially gone flat.

  • Minnesota: America's Top State for Business Wednesday, 24 Jun 2015 | 4:40 PM ET
    St. Paul, Minnesota

    Advances in education, innovation and quality of life, catapulted this state to 1st place in CNBC's annual Top States for Business ranking.