Business

Business Wagner: Report missed ongoing evolution in oil and gas technology
In the last few years, advancements in energy technology, such as directional and horizontal drilling, have unlocked vast quantities of oil and natural gas trapped far below the earth’s surface. Not only is this significant to our economy and way of life, but it dovetails superbly with industry’s ongoing environmental stewardship efforts by reducing impacts associated with disturbance and habitat fragmentation.
Business Ebola starting to take an economic toll in region
Caterpillar has evacuated a handful of employees from Liberia. Canadian Overseas Petroleum Ltd. has suspended a drilling project. British Airways has canceled flights to the region. ExxonMobil and Chevron are waiting to see whether health officials can contain the danger.
Business Malaysia plans overhaul of troubled national airline Malaysia plans overhaul of troubled national airline
Malaysia's state investment company said Friday it plans to make Malaysia Airlines fully government owned, removing it from the country's stock exchange before carrying out an overhaul of the carrier that is reeling from double disasters.
Business Oil boom and housing bust alter U.S. spending trends Oil boom and housing bust alter U.S. spending trends
Consumer spending has soared since the Great Recession ended five years ago in U.S. states with oil and gas drilling booms and has lagged in states hit especially hard by the housing bust.
Business U.S. jobless aid applications fall to 289,000 U.S. jobless aid applications fall to 289,000
Fewer people sought U.S. unemployment benefits last week, as jobless claims remain at relatively low levels that point toward stronger economic growth.
Business Source: Bank of America nears $16-$17 billion settlement with U.S. Source: Bank of America nears $16-$17 billion settlement with U.S.
Bank of America is nearing a $16 billion to $17 billion settlement to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, a person directly familiar with the matter said Wednesday.
Business Walgreen turns down inversion to cut tax bill Walgreen turns down inversion to cut tax bill
Walgreen plans to keep its roots firmly planted in the United States, saying it will no longer pursue an overseas reorganization that would have trimmed its U.S. taxes but drew political scorn.