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Half of the US fracking industry could be gone after this year
2015-04-24 09:09:20| Energy - Topix.net
One oil executive thinks half of all fracking companies will be out of business or sold by the end of this year, according to Bloomberg. Rob Fulks, the pressure pumping marketing director at Weatherford International, told Bloomberg that a reduction in spending has put much of the US fracking industry at risk.
Half of the US fracking industry could be gone after this year
2015-04-24 08:21:08| Oil & Gas - Topix.net
One oil executive thinks half of all fracking companies will be out of business or sold by the end of this year, according to Bloomberg. Rob Fulks, the pressure pumping marketing director at Weatherford International, told Bloomberg that a reduction in spending has put much of the US fracking industry at risk.
Les Wexner's pay tops $24 million after record year for L Brands
2015-04-23 23:42:00| Apparel - Topix.net
Les Wexner earned $24.1 million in salary, stock awards and other benefits in the year ended Jan. 31, the most he's ever earned leading the Columbus-based retailing company he started in 1963. Of course, that's a drop in the bucket compared with the jump in his estimated net worth over the past year.
How e-commerce is finally disrupting the $300 billion a year health and personal care industry
2015-04-23 17:36:20| Grocery - Topix.net
At $300 billion a year in sales, health and personal care is the second-largest retail category in the US behind groceries. However, like the grocery industry, e-commerce has yet to really disrupt the American drug store.
Tags: year
personal
health
care
Truck, SUV profits push GM 1Q profit 8 times above year ago
2015-04-23 15:36:17| Automakers - Topix.net
First-quarter profit at General Motors rose nearly eight times above a year ago as U.S. consumers spent big on pickups and SUVs and the company didn't have to set aside a huge stack of money to pay for recalls. The Detroit automaker said it made $945 million, as consumers got used to lower gasoline prices and decided to buy bigger vehicles.
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