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Gas-to-liquids (GTL) technologies: A remedy for low natural gas prices in the marcellus shale

The energy industry continues to be astounded by the superabundance of the Marcellus shale, a band of natural gas-rich Devonian shale that stretches across the eastern Appalachian basin. The Marcellus, which produced little gas 10 years ago, currently accounts for about 20% of the nation’s output. The result has been cheap energy prices, spectacular job growth and renewed prosperity for ...

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US added strong 292K jobs last month; jobless rate at 5 pct.

WASHINGTON (AP) — American employers added a robust 292,000 jobs in December, suggesting that the U.S. economy is so far defying global weakness and growing solidly. The strong figures underscore the resilience of the United States at a time of financial turmoil stemming from China’s slowing economy and plummeting stock market. Most economists expect U.S. consumer spending to continue to ...

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US applications for jobless aid dropped last week

US applications for jobless aid dropped last week

WASHINGTON — Fewer people sought U.S. unemployment benefits last week, suggesting that the job market remains healthy and insulated from the turmoil abroad in Europe and China. THE NUMBERS: Applications for jobless aid fell 10,000 to a seasonally adjusted 277,000, the Labor Department said Thursday. The less volatile 4-week average dipped 1,250 to 275,750. Over the past 12 months, the ...

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US stocks open higher, lifted by strong job gains

FILE - This Jan. 4, 2010, file photo, shows an entrance to a Wall Street subway station in New York. Strong U.S. jobs data continued to shore up stock markets on Monday, Dec. 7, 2015, as investors welcomed the growing certainty of an interest rate increase from the U.S. Federal Reserve the following week. Meanwhile, oil prices slid again after the OPEC oil cartel's decision to not cut production. (AP Photo/Mark Lennihan, File)

NEW YORK — Stocks are opening higher on Wall Street as traders were encouraged by news of strong job gains in the US last month. The gains early Friday came a day after the market had its worst drop in three months. Retailers and technology companies had the biggest gains. Energy stocks rose along with the price of oil. The ...

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US stocks slide again as China woes lead to global selling

wall street

NEW YORK — U.S. stocks are moving sharply lower as worries intensify about China’s economy and dropping oil prices. China’s main stock index plunged again Thursday as its currency weakened, triggering the second automatic halt in trading this week. China’s market regulator later said it would suspend the trading halts. The price of oil sank to its lowest level in ...

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Las Vegas-based Switch goes to 100 percent renewable energy

LAS VEGAS — Las Vegas data company Switch has begun drawing exclusively from renewable energy to power its facilities. Vegas Inc. reports that the company announced Tuesday that it had switched over to the complete use of renewable energy at the start of this year. Switch has entered into an agreement with NV Energy to use the utility’s existing renewable ...

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US factory orders, inventories fall in November

U.S. factory orders, inventories fall in November

WASHINGTON – New orders for U.S. factory goods fell in November and inventories declined for a fifth straight month, the latest indication that economic growth braked sharply in the fourth quarter. The Commerce Department said on Wednesday new orders for manufactured goods slipped 0.2 percent after a downwardly revised 1.3 percent gain in October. The decline was in line with ...

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Private-sector hiring accelerated in December to 257,000, ADP says

Private-sector hiring accelerated in December to 257,000, ADP says

Companies accelerated their hiring in December, adding a robust 257,000 net new jobs in a sign that the labor market finished last year strong, according to a report Wednesday from payroll firm Automatic Data Processing. The job growth figure exceeded analyst expectations. It was the most net new private-sector jobs since December 2014 and a big jump from a downwardly ...

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Low oil prices prompt Alaska hiring restrictions

Low oil prices prompt Alaska hiring restrictions

JUNEAU, Alaska — Gov. Bill Walker announced hiring and travel restrictions Tuesday, the same day an agency lowered Alaska’s credit rating because of continued low oil prices. The hiring and travel restrictions for executive branch departments come two weeks before the start of the legislative session, when lawmakers are expected to consider ways to address the estimated $3.5 billion deficit. ...

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