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ConocoPhillips cuts budget 20 percent amid lower oil prices
2014-12-08 19:49:19| Oil & Gas - Topix.net
Amid falling oil prices, ConocoPhillips said Dec. 8 its capital budget for 2015 is $13.5 billion, down about 20 percent from its 2014 budget of $16.7 billion . The Houston-based company said the decrease reflects reduced spending on major projects, several of which are nearing completion, and deferred spending on North American unconventional plays.
Tags: prices
lower
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United Technologies CEO Left Amid Director Concern on Priorities
2014-12-08 09:09:34| Industrial Machines - Topix.net
Louis Chenevert, former Chief Executive Officer of United Technologies Corp., led the 2012 purchase of aviation-equipment maker Goodrich Corp., a $16.5 billion deal that was United Technologies' biggest ever, and reshaped the business around aerospace and building services.
Tags: united
left
director
technologies
Brent crude oil falls to five-year low amid oversupply forecasts
2014-12-08 01:00:00| Offshore Technology
The price of Brent crude oil dropped about $2 a barrel today to a new five-year low following oversupply forecasts.
BP plans job cuts amid unstable and declining oil prices
2014-12-08 01:00:00| Offshore Technology
BP will cut hundreds of jobs in an attempt to reduce increasing costs and cope with declining oil prices, according to reports.
Pumpkin Patch to shutter stores amid turnaround
2014-12-03 14:30:00| Daily apparel & textile news and comment - from just-style.com
Clothing retailer Pumpkin Patch will make "fundamental changes" to the business after another challenging year in fiscal 2014, including the closure of loss-making stores.
Tags: stores
patch
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