U S Rig Count Rises by Eight to 1715
The weekly U S rig count climbed to 1715 with Baker Hughes reporting 882 gas rigs, 827 oil rigs, and six miscellaneous. Texas added four rigs, Louisiana and Oklahoma two each, California New Mexico and Pennsylvania one each, while Alaska Colorado BATE and North Dakota each fell by one from prior levels. The boom era top was 4530 in 1981 and the low 488 in 1999.
MENTIONED IN THIS ARTICLE
Nevada
New York
Rune Bot
Ohio
Hapoel
Oregon
Perpay
South Dakota
Tennessee
Fexas
South Central
Middle Tx
Upper Te Coast
Flordalang
Lower
ST Hecate
Central
Far West
North Tr
Canada
Montana
Bae Grand Total
West Texas
Wile
West Texas Spur
Houston
U.S
Baker Hughes Inc
Texas
Louisiana
Oklahoma
California
New Mexico
Pennsylvania
Arkansas
West Virginia
Wyoming
Alaska
Colorado
Bate As
North Dakota
99 Cents Only Receives Private-Equity Buyout Offer
City of Commerce California discount retailer 99 Cents Only Stores has received a take-private proposal from the Schiffer Gold family and Leonard Green Partners at 19.09 per share valuing the company around 1.3 billion. Wedbush analyst Joan Storms says the bid undervalues the firm and may spark a sweeter offer to deter rivals.
MENTIONED IN THIS ARTICLE
City OF Commerce
Calif
99 Cents Only Stores
Leonard Green & Partners LP
Wedbush
Joan Storms
Storms
Consumers borrow more in January as car loans rise
U S borrowing increased 2.5 percent to 5 billion, lifting total consumer debt to 2.41 trillion. Auto loans led the gain with a 6.9 percent rise, while credit card debt fell 6.4 percent in January, the 28th drop in 29 months, signaling cautious consumer spending despite tax cuts and improving jobs outlook.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
David Wyss
Standard & Poor's
New York
Michael Gapen
U.S
Barclays Capital
Gapen
The
Also Mentioned on This Page
Associated Press
Schiffer-Gold
David Gold
99 Cents
Sherry
Eric Schiffer
Jeff Gold
Howard Gold
Schiffer
David
Peter Woo
Eric Flamholtz
Marvin Olen
Lawrence Glascott
Schiffer-Gold Family
Terry's
Solatube
Standard and Poor's
Quistanang
Pee Sondj
Source
Wie
Kran Rathod