Hints and tips:
...They include shale producer Continental Resources, Gulf of Mexico-focused oil company Talos Energy and Phillips 66, an oil refiner....
...The manufacturing and construction sectors are both likely to take a hit too....
...and Solihull Local Enterprise Partnership Peter Hubbard Managing Partner, Anthony Collins Solicitors Amanda Melton Principal, Nelson & Colne College Adrian Mitchell Owner, Mitchell-Interflex Emma Carey...
...In 2013, the Israeli government used a blocking share in Israel Chemicals, the country’s second-largest company, to halt a proposed megamerger with Potash Corp of Saskatchewan....
...“Chase [Carey, News Corp’s president] and I made the announcement jointly just minutes ago,” said Rupert Murdoch in a note to staff....
...The boom has also driven down the prices of natural gas liquids, particularly ethane, which are the essential inputs for petrochemical manufacturing....
...However, he added that the US was the focus for the global chemicals industry’s investment, contributing to a wider revival in manufacturing....
...The US manufacturing PMI rose to 54.8 in April, up from 53.4 in March (Bloomberg). Aubrey McClendon will give up his chairman role at Chesapeake Energy....
...Even Saudi Basic Industries Corp, the world’s largest petrochemical company, is in talks about a possible investment in the US, its chief executive told the Financial Times recently....
...“Diversification is now a theme for tribal economies,” says Mr Carey....
...US stocks dropped on Wednesday after the Federal Reserve lowered its outlook for economic growth on Tuesday and weaker Chinese manufacturing data raised questions about the pace of recovery....
...Similar clusters have appeared around the world as people with a suicide risk imitate what they hear or see, says Michael Phillips of the Suicide Research and Prevention Center at Jiao Tong University....
...But on the product manufacturing level, the transition will also require managers to innovate in order to deliver a retirement income stream for boomers....
...The manufacturing component, however, fell 0.2 per cent. At the close, the S&P 500 was up 0.1 per cent to 1,150.51 – importantly because 1,500 is a key technical level traders track....
...Meanwhile, Conoco Phillips , which last week beat analysts’ expectations with its first-quarter earnings, rose 3.7 per cent to $42.50....
...Phillips-Van Heusen, which owns Calvin Klein, Izod and the Van Heusen names, said late on Wednesday that it would lay off 400 staff and close 175 of its 750 stores....
...“It’s definitely different from anything else in the category, and because it’s part of the Condé Nast family, it should be better protected in a downturn,” said Reed Phillips of DeSilva & Phillips, a media...
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