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Asia stocks sunk by oil plunge, Fed rate hike plan reminder

2015-01-29 07:54:37| Energy - Topix.net

U.S. stocks moved higher in early trading Wednesday after very strong earnings from Apple and Boeing. . Trader Peter Tuchman works on the floor of the New York Stock Exchange Wednesday, Jan. 28, 2015.

Tags: plan rate asia oil

 

Last Call for Polar Plunge

2015-01-27 15:53:36| Beverages - Topix.net

The 3rd Annual Polar Plunge Benefit-t-t-ting Kids in the Creek & Youth Education is this Saturday, January 31st, 11:30 am to 2:00 pm at the Lake Junaluska beach. The event is hosted by Haywood Waterways Association and Lake Junaluska Assembly.

Tags: call polar plunge

 
 

Southwest Airlines rakes in $404M in record Q4 as jet fuel prices plunge

2015-01-22 20:07:59| Airlines - Topix.net

Southwest Airlines posted record profit in the fourth quarter with net income of $404 million, or 59 cents a share, shattering investor expectations of 55 cents a share, according to fourth-quarter results released Thursday. Dallas-based Southwest also posted record 2014 numbers with net income of $1.4 billion, or $2.01 per share.

Tags: record prices fuel jet

 

Schlumberger to slash 9,000 jobs as oil prices plunge

2015-01-16 18:12:27| Oil & Gas - Topix.net

Schlumberger Ltd., the world's biggest oilfield-services company, tackled the "uncertain environment" of plummeting crude prices head-on by cutting 9,000 jobs and lowering costs at a vessels unit. The 7.1 percent workforce cutback, along with the reduction and reassessment of its WesternGeco fleet, were among steps leading to a $1.77 billion fourth-quarter charge in anticipation of lower spending by customers in 2015, the Houston- and Paris- based company said in an earnings report Thursday.

Tags: jobs prices oil slash

 

UPDATE 2-Australia investigating service stations for possible failure to pass on oil plunge

2015-01-15 12:16:27| Energy - Topix.net

Australian authorities said on Thursday they would start investigating petrol stations without warning for possible price fixing after a lawmaker accused some of failing to pass on huge falls in the oil price to consumers. The probe will put additional pressure on firms like Chevron Corp and its half-owned retail subsidiary Caltex Australia Ltd, Britain's BP Plc and Dutch Vitol which dominate Australia's service station industry.

Tags: service update pass oil

 

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