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Oil prices rise on hopes of production cuts

2016-01-29 01:00:00| Offshore Technology

Oil prices increased on Friday in anticipation of production cuts by major shale companies, in a bid to reduce the global supply glut.

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Oil trades above $33 on hopes of production cuts by major shale producers

2016-01-28 01:00:00| Offshore Technology

Oil prices steadied above $33 per barrel on Thursday, with the possibility of major shale producers joining hands to reduce production.

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Hopes of a turnaround in Flint jeopardized by water crisis

2016-01-26 22:21:24| Automakers - Topix.net

Vehicles drive through downtown Flint, Mich., on Jan. 21, 2016. From its founding, Flint's fortunes essentially were entwined with a single industry.

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American Apparel reorganisation ends Charney hopes

2016-01-26 13:37:00| Daily apparel & textile news and comment - from just-style.com

Dov Charney, the former CEO of American Apparel, has had his hopes of regaining control of the company dashed after the retailer's Chapter 11 bankruptcy exit plan was this week approved by a US court. 

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Judge picks American Apparel's reorganization plan, dashing Dov Charney's hopes

2016-01-25 18:07:51| Apparel - Topix.net

American Apparel Inc. will reorganize under a plan put forth by its executives, a bankruptcy judge ruled Monday, dashing the plans of company founder Dov Charney, who had hoped to return to the firm's leadership. American Apparel, which filed for Chapter 11 in October, backed a reorganization plan that would take the company private and hand nearly 100% control to its largest bondholders.

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