Coal Prices So Low This Producer Is Eating Fees to Avoid Exports
©2015 Bloomberg News NWYFHX6JIJUY (Bloomberg) — American coal producer Cloud Peak Energy Inc. has agreed to pay quarterly fees to a Canadian port owner to avoid sending more exports abroad amid a slump in Asian demand and a stronger U.S. dollar. Cloud Peak Energy is making the payments to Westshore
Oil Companies Curtail Spending on Everything–Except Dividends
©2015 Bloomberg News NWYBGZ6KLVRL (Bloomberg) — Oil executives are standing by promises to protect dividend payouts from the collapse in crude prices even as they fire workers, cancel drilling projects and sell everything from oil fields to aircraft to conserve cash. Exxon Mobil Corp., the world’s biggest oil explorer, declared
Traveling the World by Container Ship: A Sheep Farmer Turned Sea Dog’s Advice
©2015 Bloomberg News NWYDX96JTSE9 (Bloomberg) — From tumultuous oceans to raw steak dinners, John McGuffick has had a few hairy moments at sea. But the retired Australian farmer says there’s no better way to see the world than from a budget berth on a cargo ship. McGuffick, 72, took his
Twitter Results Underline Jack Dorsey’s Turnaround Challenge
©2015 Bloomberg News NWWHJ6SYF01V (Bloomberg) — Twitter Inc.’s turnaround isn’t going to be easy. Even as Jack Dorsey has sought to be candid about the company’s challenges, Twitter’s results continue to fall short of expectations, with a fourth-quarter sales outlook that may miss estimates and another slowdown in user growth.
Blind Paralympic Judoka Fights to Land Jobs for Japan’s Disabled
©2015 Bloomberg News NWWMZL6K50Y9 (Bloomberg) — Law graduate Yusuke Hatsuse says he thought his college degree and national sporting success would make him an attractive recruit for Japan’s best known employers. When none invited him for interviews, he applied for virtually every job he could find. “I only heard back
For Strategic Oil Reserve, Question May Be How Low Can You Go?
©2015 Bloomberg News NWWIK16JIJV4 (Bloomberg) — Eight years ago, then-President George W. Bush called on Congress to double the size of the Strategic Petroleum Reserve to 1.5 billion barrels. Now, with U.S. imports and demand dropping, the question has become: How low can it go? Under a budget deal reached
What Carson’s Iowa Surge Doesn’t Mean: Jonathan Bernstein
©2015 Bloomberg View NWOLRR6JTSEF (Bloomberg View) — Donald Trump is no longer winning everywhere. The new Bloomberg Politics/Des Moines Register poll has Ben Carson on top in Iowa, with a 9-percentage-point lead over Trump. Combined with another national survey released yesterday, the HuffPollster estimate now has Carson at 26 percent to
Gold Investors Are Getting Ready for a Rally Before Fed Meeting
©2015 Bloomberg News NWUJGTSYF01S (Bloomberg) — If you’re looking for a sign on what gold investors are expecting from this week’s Federal Reserve meeting, look no further than open interest. The measure, which tallies total contracts outstanding, shows traders are holding more gold futures than at any time since November
Futuristic Cars Are Great, Just Make Sure to Be Back by Five
©2015 Bloomberg News NWUTDD6K50YD (Bloomberg) — Hiroshi Matsushita brims with pride about the staring and pointing that goes along with driving his dream car, Toyota’s hydrogen-powered Mirai fuel cell sedan. There’s just one problem: his new set of wheels came with a curfew. The construction of hydrogen refueling stations is
Treating Muscle Soreness After A Workout
By C. S. Nelson You pushed yourself hard at the gym or out on the trail, making every effort to increase your health, endurance and stamina. And for your sweat and pain you probably woke up the next morning with delayed onset muscle soreness, commonly known as DOMS. It has