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UPDATE 1-U.S. oil rig count lowest since 2010 as drillers step up cuts -Baker Hughes
2016-01-08 21:38:01| Oil & Gas - Topix.net
Jan 8 The U.S. oil rig count this week dropped to the lowest level in over five years as energy firms stepped up the rate of idling rigs after one of the worst years in almost 30 years for drilling, data showed on Friday. Drillers removed 20 oil rigs in the week ended Jan. 8, bringing the total rig count RIG-OL-USA-BHI down to 516, the least since April 2010, oil services company Baker Hughes Inc said in its closely followed report.
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Copper Pain Seen Not Deep Enough to Spur Cuts Needed to End Glut
2016-01-08 15:16:22| Footwear - Topix.net
Copper at $2 got the market's attention, but it will fail to spur big enough production cuts to reverse a glut of the metal. Futures, which Thursday traded below $2 for the first time since 2009, could drop as much as 25 percent more before the industry implements "meaningful" reductions in output, according to Kenneth Hoffman, a senior analyst of metals and mining at Bloomberg Intelligence.
Fast Retailing cuts outlook after Q1 profit slide
2016-01-08 12:17:00| Daily apparel & textile news and comment - from just-style.com
Japanese retailer Fast Retailing has cut its full-year outlook after seeing its first-quarter profit slide, with warm weather hampering sales at its Uniqlo casual clothing brand.
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Credit Suisse Cuts MSC Industrial Direct Co Inc (MSM) Price Target to $64.00
2016-01-08 07:06:07| Industrial Machines - Topix.net
The firm currently has a "neutral" rating on the stock. Credit Suisse's price objective indicates a potential upside of 6.01% from the company's previous close.
Crescent Point Energy cuts capital budget by 16-39% in response to lower prices
2016-01-07 15:03:18| Real Estate - Topix.net
Crescent Point Energy Corp. says it expects to spend significantly less on capital projects than last year, with a 2016 budget of between $950 million and $1.3 billion. That will be 16 to 39 per cent below 2015 levels, although the Calgary-based oil and gas producer will increase production by about five per cent compared with last year.
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