Business

How the Dow Jones industrial average finished Friday

How the Dow Jones industrial average finished Friday

Largely forgotten is that as the Trump victory unfolded deep into the night of November 8, Dow futures plunged 1,000 points. The Dow Jones industrial average jumped 286 points, or 1.5 percent, to 19,538 as of 3:35 p.m. He did not say how his administration plans to do that. ENERGY: A rally in oil prices petered out after four days of gains driven by OPEC's deal to cut production next year.



Chapman, Yankees reach deal for $86M, 5 years

Late Wednesday night, the New York Yankees agreed to sign Aroldis Chapman to a five-year, $86 million contract. It's a risky venture for the Yankees . Melancon is an All-Star and has been somewhat overshadowed by Chapman and Jansen this off-season. Chapman also had some off-field issues that plagued him past year and being the Cubs' best reliever in the latter half of the season did take a toll on him.


Oil-Output Cuts Could Hit Russian Energy Companies

Oil-Output Cuts Could Hit Russian Energy Companies

OPEC and non-OPEC oil producers will meet again this weekend in Austria's capital to discuss the details of last week's agreement, which aims at an overall reduction in output of around 1.5 million barrels a day. Fourteen non-OPEC countries including Russian Federation have been invited to meet with the Organization of the Petroleum Exporting Countries in Vienna on Saturday to cement the pact.


Fyffes recommends 751 mln euro takeover by Japan's Sumitomo

Fyffes recommends 751 mln euro takeover by Japan's Sumitomo

Unlike U.S. rivals such as Chiquita, Fresh Del Monte Produce Inc and Dole Food, Sumitomo has very little geographical overlap with Fyffes . The business presently employs 17,000 workers and has a turnover of 1.2 billion Euros. According to initial reports, a lot of them are a "go" for this acquisition. The Irish firm has recommended the deal to shareholders and said 27% had backed it.



In age of Trump, GOP learns to embrace government activism

The Republicans' current plan is to vote to repeal Obamacare, and then delay ending most of the law's funding and payment mechanisms for three years as a means to avoid an immediate backlash. Donnelly will also be running in Vice President-elect Mike Pence's home state. U.S. Rep. Tim Ryan lost his longshot bid to Rep. Nancy Pelosi as House Democratic leader on November 30 by a 134-63 vote.