Shell announces 2200 more layoffs surpassing Facebook payroll
Royal Dutch Shell plans cut 2200 more jobs, bringing total reductions to about 12,500 by 2016. Statista shows Facebook employed 12,691 in 2015. OPEC meets Thursday in Vienna. Lufthansa suspends Frankfurt Caracas flights from June 17 due to Venezuela’s economic crisis. Four Seasons NYC moving to 280 Park Ave with 18 month renovation starting next week. Markets closed Memorial Day. currency trading lightly active.
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SHELL
Facebook
Royal Dutch Shell
Statista
Organization of the Petroleum Exporting Countries
Vienna
Lufthansa
Venezuela
Caracas
Andreas Bartels
Nyc
Four Seasons
New York City
Seagram Building
Alex von Bidder
Julian Niccolini
Park Ave
Manhattan
Cities Move to Tax and Restrict Sugar Drinks Nationwide
Cities push sugar sweetened drink proposals aiming for revenue and health gains. San Francisco will require warning labels, Philadelphia eyeing a 3 cent per ounce tax, Oakland considering a penny per ounce fee, and Boulder weighing a soda tax ballot. Beverage industry experts warn of price rises and demand declines, while advocates cite health concerns and revenue needs.
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Coca-Cola
PepsiCo
Joe Agnese
S&p Global Market Intelligence
San Francisco
Philadelphia
Kevin Dietly
Oakland
Boulder
Colo
Berkeley
Calif
Bay
Arkansas
West Virginia
Gary Hemphill
American Beverage Association
Jim Kenney
Lauren Hitt
Larry Ceisler
Deisler Media & Issue Advocacy
Coalition Against
Ninjas Rise Quietly as Energy Stocks Lead Rally
A stealth rally lifts twelve S&P 500 stocks 60 percent or more this year led by energy names like Chesapeake Energy Freeport-Mcmoran and NRG Energy As oil prices rebound investors bet on energy shares while many components remain volatile Eight of the top performers originate from the energy sector with Brent crude climbing about a third this year and oil futures showing momentum despite last year's losses Chesapeake Energy has surged 134 percent from the February low to around 4 16 a share though it remains down from its 52 week high FreeportMcMoRan has jumped 128 percent to 11 14 a share while NRG Energy climbs 69 percent to 16 19 a share Investors remain wary about earnings and targets but the energy rally continues against a backdrop of a tougher overall market
MENTIONED IN THIS ARTICLE
Standard & Poor
Chesapeake Energy
CHE
Freeport-McMoRan
FCX
NRG Energy
NRG
USA Today
S&p Global
Jack Ablin
BMO Private Bank
Oklaho
S&p
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U.S
USA
Ima
American Express
Sae Yang
Veronica Bravo
IAA
Gett
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