Two brothers hit pay dirt during the shale boom when they sold their Texas fracking company in 2011 for $3.5 billion. But many of their more recent investments in the Permian have turned to dust.
The price of Canadian heavy crude weakened Tuesday as a worker strike at the nation's largest railway curbed oil shipments, exacerbating a supply glut that's crippled Canada’s oil industry.
Pony Express plans to build 25 miles of new 12-inch pipeline from the Hereford origin to the new origin point in Wyoming.
Wall Street Journal
Commercial News
11/21/19
WSJ.com: US Business
Macy's Posts Lower Sales; Cuts Forecast Macy?s said sales declined in the third quarter and lowered its guidance for the year, highlighting the continuing struggle to attract shoppers to traditional department stores.
Facebook Weighs Steps to Curb Narrowly Targeted Political Ads Facebook is considering making changes to its political-advertising policy that could include preventing campaigns from targeting only very small groups of people, in an effort to spurn the spread of misinformation.
Xerox Threatens to Go Hostile With HP Takeover Bid Xerox told HP?s board that it would take its $33 billion takeover bid to shareholders if HP doesn?t reconsider its rejection of the offer by Nov. 25.
WeWork to Cut Around 17% of Workforce Troubled office-space startup WeWork said it would shed around 2,400 jobs following its botched initial public offering in an effort to reduce mounting losses.
Once Upon a Time in Hollywood, Reboots Ruled---Now, Not So Much Weak openings for new installments in several older movie series highlight a challenge facing Hollywood studios: Even familiar titles often have trouble finding audiences?with the notable exception of superhero films.
China Invited U.S. Trade Negotiators for Direct Talks China?s chief trade negotiator has invited his American counterparts for a new round of talks, according to people briefed on the matter, as both sides are struggling to strike a limited deal to help de-escalate tensions.
U.S. Existing-Home Sales Increased 1.9% in October Sales of previously owned homes rose in October after a decline the previous month, with gains concentrated in mid- and high-priced homes, a sign limited inventory is posing challenges for sales of homes priced at the low end.
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Charles Elfsten, President
Charles A. Elfsten
