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Hess expects to produce as much as 90K barrels a day in N.D. in second quarter

April 30, 2014 in Uncategorized

Oil and natural gas producer Hess reported a higher-than-expected quarterly profit on Wednesday.

The company, a major operator in North Dakota’s Bakken shale formation and the U.S. Gulf of Mexico, posted first-quarter net income of $386 million,…continue reading on

Housel: Peak oil is finally here

August 26, 2013 in The Dickinson Press

Peak oil is here, writes The Economist. But not the peak oil you’re thinking of, where supplies dwindle and prices march inevitably higher. That’s so 2008. This is peak oil demand, and it could hit in the next few years. Continue Reading

Daktronics moves to profit for 4th quarter

May 29, 2013 in The Daily Republic

Its earnings, however, fell far short of market expectations and shares sank in trading Wednesday.
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Fund managers: 2013 stock outlook remains positive

December 28, 2012 in The Daily Republic

They expect the market to climb in 2013, although the gain is likely to be more modest than this year’s 15 percent return in the Standard & Poor’s 500 index.
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U.S. stocks rise ahead of Fed meeting

September 12, 2012 in The Daily Republic

NEW YORK Investors spent Tuesday preparing for two events sure to move markets this week: a Federal Reserve meeting and a court decision on whether Germany can help support its struggling neighbors. Continue Reading

Facebook hits new low as IPO lock-up ends

August 16, 2012 in Grand Forks Herald

Facebook’s stock plunged to a new low Thursday as some of the social networking leader’s early backers got their first chance to sell their shares since the company’s initial public offering went awry. Continue Reading

Stocks drop after health care law is upheld

June 28, 2012 in The Daily Republic

NEW YORK (AP) Stocks are dropping sharply after the Supreme Court upheld the central provision of President Barack Obama’s health care overhaul, a requirement that almost all Americans carry health insurance. Continue Reading

For stocks, a stable and impressive climb in 2012

April 1, 2012 in Grand Forks Herald

The stock market just had its best first quarter in 14 years. The surge has sent Wall Street analysts, some of whose forecasts seemed too sunny three months ago, scrambling to raise their estimates for the year. Continue Reading

Stocks rise as consumers boost spending

March 30, 2012 in Grand Forks Herald

Stocks are rising after a report that consumers boosted spending last month even though income was essentially flat. Continue Reading

Materials lead U.S. stocks lower as commodities dip

March 28, 2012 in Grand Forks Herald

Falling commodity prices punished materials and energy companies Wednesday, pushing Wall Street’s major stock indexes to a lower close. Crude oil lost nearly $2 to $105 a barrel, hurting energy stocks. Peabody Energy fell 3.4 percent, Chevron 1.1 percent and Exxon 0.9 percent. Continue Reading