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Oil Heads for Biggest Weekly Drop Since March as Rig Count Rises

2015-07-03 17:37:54| Oil & Gas - Topix.net

Futures in New York fell for a third day and were down 5 percent for the week. The number of active rigs seeking oil climbed by 12 to 640, the first gain since December, according to data from Baker Hughes Inc. U.S. crude stockpiles increased by 2.39 million barrels through June 26, a government report showed Wednesday, boosting supplies further above seasonal average levels.

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Delta Air (DAL) Stock Rises as Negative Impact From Greek Debt Crisis Appears Limited

2015-06-30 20:26:16| Apparel - Topix.net

"In general Greece is likely to have very little negative impact on profits as it is primarily a tourist destination, is not a significant driver of demand, and accounts for a relatively small portion of overall capacity," said Syth, according to Barron's . "Greece is primarily a tourist destination, particularly for passengers from the U.K., Germany, and Italy, and does not drive much local demand.

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Death toll from defective GM ignition switches rises to 119

2015-06-29 21:44:38| Apparel - Topix.net

Victims' families are being offered compensation of at least $1 million each by attorney Kenneth Feinberg, who was hired by GM last year. In addition, Feinberg will make offers to 243 people who were injured in crashes caused by the switches in the Chevrolet Cobalt and other older cars.

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Death toll from defective GM ignition switches rises to 119

2015-06-29 20:11:04| Footwear - Topix.net

Victims' families are being offered compensation of at least $1 million each by attorney Kenneth Feinberg, who was hired by GM last year. In addition, Feinberg will make offers to 243 people who were injured in crashes caused by the switches in the Chevrolet Cobalt and other older cars.

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Nike Rises 2.4% After Beating EPS Estimates

2015-06-26 00:02:58| Footwear - Topix.net

The shares rose 2.45% to $107.80 after the closing bell following the unveiling of better-than-expected fiscal fourth-quarter financial results that topped estimates as new products helped strong sales in North America. Net income rose to $865 million, or 98 cents a share, from $698 million, or 78 cents, a year earlier, the Beaverton, Oregon-based company said Thursday in a statement.

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