“It’s going to be six months or so before airlines are seeing lower fuel costs, and at that point consumers are likely to see a fall in travel costs,” Pearce told The Associated Press.
Thompson has conceded McDonald’s Corp. has failed to keep up with changing tastes. One of the problems is that people are increasingly moving toward foods they feel are fresh or wholesome, and the image of fast-food burgers and fries doesn’t exactly fit that bill.
The U.S. Energy Department reported a surprise increase in domestic oil inventories and OPEC projected that demand for its crude would sink next year to levels not seen in more than a decade.
Uber spokesman Benjamin Novick called the decision a “highly unusual court commercial proceeding and ruling,” adding that the company is considering its legal options and that Uber will obey Spain law.
DENVER | Billionaire investor Philip Anschutz is exploring the possibility of resurrecting the Rocky Mountain News after the daily newspaper in Denver was shuttered five years ago. The Denver Business Journal was the first to report Tuesday that Anschutz’s Clarity Media Group has posted a prototype newspaper online and is researching the feasibility of publishing the […]
In its most recent short-term energy outlook, released Tuesday, the Energy Department cut its gasoline price forecast for 2015 by 35 cents a gallon. It was the second cut of more than 30 cents a gallon in two months.
“The world has such an improved outlook for supplies,” Colton said in an interview. “Peak oil theorists have been run out of town by American ingenuity.”
“There is a fair amount of apprehension” among the banks as to how steep the new requirements will be in the proposal, Nancy Bush, a banking analyst at NAB Research, said Tuesday morning before the Fed governors’ meeting.
“This great mismatch is hurting middle class people who would like to be homeowners,” said Nela Richardson, chief economist at the real estate brokerage Redfin.