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Oil falls as dark clouds appear ahead of producer meeting

April 14, 2016 by · Leave a Comment 

By Henning Gloystein SINGAPORE (Reuters) – Oil prices fell on Thursday as OPEC warned of slowing demand and Russia hinted that there might only be a loose agreement with little commitments at the upcoming exporter meeting to rein in ballooning oversupply. Meanwhile, Goldman Sachs said that productivity gains by U.S. shale producers were keeping alive its “deflationary outlook” for oil prices as drillers manage to adjust to lower prices, and with confidence in the recent price rally fading, traders have positioned themselves for further price…

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Oil falls as dark clouds appear ahead of producer meeting

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About 40,000 unionized Verizon workers walk off the job

April 14, 2016 by · Leave a Comment 

By Malathi Nayak NEW YORK (Reuters) – Nearly 40,000 Verizon workers walked off the job on Wednesday in one of the largest U.S. strikes in recent years after contract talks hit an impasse, and got a boost as U.S. Democratic presidential hopeful Bernie Sanders joined them at a …

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About 40,000 unionized Verizon workers walk off the job