MONEY (MSM)

Oil industry slipping into the red as outlook dims

The oil sector is gradually slipping into the red after years of fat profits as the slump in oil prices and a grim outlook bite deeper. The world’s top oil companies have struggled in recent months to cope with the halving of oil prices since June 2014, cutting spending repeatedly, making thousands of job cuts and scrapping projects. The lower-for-longer outlook for oil prices took its heaviest toll yet in

Oil industry slipping into the red as outlook dims

The oil sector is gradually slipping into the red after years of fat profits as the slump in oil prices and a grim outlook bite deeper. The world’s top oil companies have struggled in recent months to cope with the halving of oil prices since June 2014, cutting spending repeatedly, making thousands of job cuts and scrapping projects. The lower-for-longer outlook for oil prices took its heaviest toll yet in

Robert Reich: Why your cable bill is so high

If you’re like most Americans, you have wondered at some point – probably monthly – why your cable bill is so high. And for good reason. The average cable bill in the United States rose 5% in 2012, the latest year available. That’s nearly triple the rate of inflation.