Market Watch

Rigs that haven’t been used in years are setting out to sea as demand for energy surges. ‘Everyone started drilling again.’ Transocean’s $1.2 billion Deepwater Titan, which will soon drill for oil in the waters of the Gulf of Mexico. Transocean The $1.2 billion Deepwater Titan sat idle in a Singaporean shipyard for five years, looking like an abandoned cruise ship with a derrick attached to its deck. Soon this vessel that spans nearly three football fields will depart for the deepest waters of the Gulf of Mexico, where its crew will be able to drill 8 miles below the seafloor in search of oil for Chevron Corp. The hunt for offshore petroleum is on again, fueled by a surge in global demand for energy, supply disruptions triggered by the war in Ukraine and crude prices that remain above prepandemic levels. Other giant rigs such as Titan that were dormant near the end of the last decade are also now operating in deep waters along the coast of Brazil, while rigs lacking propulsion are mining shallower waters in the Middle East after hitching rides to that part of the world on tugboats. Continue reading your article with a WSJ […]

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Police released photos of a suspect in a burglary during the early morning hours of Jan. 20, 2023, at True Value Hardware Store in Lexington. LEXINGTON (25 News Now) – McLean County Sheriff’s Police are asking the public to help identify a masked man caught on camera breaking into a Lexington business early Friday, and they believe the same man participated in five other burglaries at the same place since mid-November. Police say True Value Hardware in the 400 block of West Walnut Street in Lexington was targeted again early Friday. Police posted five pictures of the man on the department’s Facebook page. The suspect is a white man, about six feet tall, with medium build. Police say he was wearing a dark-colored hooded jacket, black stocking cap, a bright yellow full-face mask, grey or black gloves, dark-colored jeans with tears or fraying on the legs and black athletic or slip-on shoes with a white sole. Police think his jeans and shoes in particular may help identify him. In addition to Friday morning’s burglary, police said the suspect was present for burglaries at the same store on Nov. 12, Nov. 21, Dec. 7, Dec. 25 and Jan. 4. Anyone […]

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The Greater Owensboro Chamber of Commerce recognized nearly two dozen businesses and individuals at their annual awards celebration event Friday night. Awards were as follows: Emerging Business of the Year Gramps Coffee and Donuts Business of the Year (1-10 Employees) Red Wing Shoes Business of the Year (11-49 Employees) Fastek Services, LLC Business of the Year (50-249 Employees) Independence Bank Business of the Year (250+ Employees) Big Rivers Electric Corporation Nonprofit of the Year (Fine Arts) RiverPark Center Nonprofit of the Year (Human Services) Diocese of Owensboro Catholic Charities Education and Workforce Development Organization of the Year Puzzle Pieces – Employment Opportunities Manufacturer of the Year Domtar Owensboro Converting and Distribution Rick Kamuf Agri-Business of the Year Mack Estes Farms Bill Young Community Leadership Award Bill and Susie Tyler Legacy Award Keith Lawrence Chamber Ambassador of the Year Justin Merrit Director of the Year Bart Darrell and Brian Wright Chamber Young Professionals Member of the Year Keith Cottoner Leadership Owensboro Class of 2022 Member of the Year Blaine Mathew Chamber Member of the Year Young Foundation Minority Business Leader of the Year Allyson Sanders

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In the midst of Maine’s winter season, many people across our state are struggling to stay warm given the surge in home heating and energy costs. I heard from countless residents of our district about their needs, and am proud to say the Legislature delivered relief in a bipartisan manner. This was such an important bill for us to pass, and has set a hopeful tone for me as I start my term as your state senator. Gov. Janet Mills has signed into law L.D. 3 , the Emergency Winter Energy Relief Program. One of the biggest provisions in this measure will send $450 relief checks to over 800,000 Maine taxpayers. Individuals making less $100,000 and couples making less than $200,000 on their 2021 state tax returns will be eligible for relief. L.D. 3 includes critical funding for the Home Energy Assistance Program (HEAP), and emergency fuel assistance, both of which are administered by Community Action Agencies like Kennebec Valley Community Action Program. To learn if you’re eligible for these benefits, contact KVCAP at 207-622-4761. In addition, this package bolsters funding for the Emergency Housing Relief Fund to keep Mainers in their homes this winter. Learn more about the […]

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This is a carousel. Use Next and Previous buttons to navigate "Shop Local" banners greet shoppers outside Post Road businesses in downtown Fairfield, Conn. on Wednesday, January 18, 2023. FAIRFIELD — The number of businesses opening in Fairfield more than doubled last year compared to 2021, with officials saying business and development is going strong. The town welcomed 75 new brick and mortar business including Isla & Co., Sally’s Apizza , Trek Bicycle, Evolution Gaming and Ryoma Coffee World, First Selectwoman Brenda Kupchick said in her newsletter. "Behind the scenes, the collaborative and productive work of our permitting departments assisting businesses throughout the process sends a message that Fairfield welcomes new businesses to our community," she said. "Our local business’s success is Fairfield’s success, and as a town, we strive to assist in these efforts the best we can." In a newsletter at the end of 2021, Kupchick said more than 40 businesses had opened in town that year, including Aldi’s and Floor & Décor, which opened in the former Kohl’s location. Mark Barnhart, the director of the Fairfield Office of Community and Economic Development, said the town has all of the key criteria a business looks for when […]

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The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad, India, April 13, 2021. REUTERS/Amit Dave MUMBAI, Jan 21 (Reuters) – India’s Adani Group, controlled by billionaire Gautam Adani, plans to spin off more businesses by 2028 and dismisses any debt concerns, the group’s chief financial officer told Reuters. The corporate house plans to spin off, or demerge, its metals, mining, data centre, airports, roads and logistics businesses, said Jugeshinder Singh. "The criteria is for these businesses to achieve a basic investment profile and experienced management by 2025-28, which is when we plan to demerge them," he said. The company is betting big on its airport business and is aiming for it to become the largest services base in the country in the coming years, outside of government services, Singh said. The Adani group has spun off its power, coal, transmission and green energy business in the last five-seven years. Adani, the world’s third-richest man according to Forbes, has been diversifying his empire from ports to energy and now owns a media company. Latest Updates His flagship firm Adani Enterprises (ADEL.NS) is set to raise up to $2.5 […]

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El Corral is on Pine Tree Road in Longview. Tex-Mex restaurant El Corral is now cooking at 809 Pine Tree Road, where Jocelyn’s Mexican Grill was located before moving to Wal Street. The building also was once the longtime home of Lupe’s Mexican Restaurant. Alondra Valencia and Jose Martinez own the restaurant, which also has had a location in Buffalo since 2013. Lunch specials are served daily from 11 a.m.-3 p.m., including street tacos, fajitas, fried avocado with chicken or beef fajita meat; Papa Nachos made with potato slices and beef or chicken fajita meat; and a number of other menu options. Enchilada specials include traditional enchiladas as well as shrimp enchiladas, spinach enchiladas, Anaheim enchiladas and others. A variety of fajita options also are available. Hours are 11 a.m.-9 p.m. Sunday-Wednesday and 11 a.m.-10 p.m. Thursday-Saturday. Dutch Bros. proceeding Dutch Bros. Coffee expects to open its two drive-thru Longview locations this spring. The former Liberty Baptist Church at 1500 W. Loop 281 has been demolished to make way for one of the locations at 1500 W. Loop 281. Site work is underway there. The second Dutch Bros. location is planned for 301 E. Loop 281, next door to […]

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AI, complicated but beneficialgetty Many business leaders are enthusiastic about artificial intelligence, but when it comes to investing in the technology, they may be bewitched, bothered, and bewildered. It doesn’t have to be this way. We canvassed people who work closely with AI solutions and asked them to share their experiences on the best approaches to sell AI 00 the right AI, at the right time, to business leaders. For starters, it’s imperative to “show ‘cognitive courtesy,’” advises Bjorn Austraat , senior vice president and head of AI acceleration at Truist . “Invest time and effort up front to translate difficult technical concepts into plain English. Likewise, create a compelling, properly framed vision for all project participants to ensure alignment and productive collaboration.” Austraat explains that he uses a “simple phrase” to advance the vision of AI. Ask: “’Whose life is going to get better, by how much and how do we know that?’” he says. “If you can truly answer that question, you have covered all the bases from framing, to deployment, to value proposition, to political air cover.” This clarity of vision is strongly advised by other industry leaders. “The key to selling AI lies in clear, […]

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Kiersten Essenpreis Charlie Javice promised to simplify the college financial aid process. It was a compelling pitch. Especially, as now seems likely, to those with little firsthand knowledge of financial aid. When JPMorgan Chase paid $175 million to acquire a college financial planning company called Frank in September 2021, it heralded the “unique opportunity for deeper engagement” with the five million students Frank worked with at more than 6,000 American institutions of higher education. Then last month, the biggest bank in the country did something extraordinary: It said it had been conned. In a lawsuit, JPMorgan claimed that Frank’s young founder, Charlie Javice, had engaged in an elaborate scheme to stuff that list of five million customers with fakery. “To cash in, Javice decided to lie,” the suit said. “Including lying about Frank’s success, Frank’s size and the depth of Frank’s market penetration.” Ms. Javice, through her lawyer, has said the bank’s claims are untrue. JPMorgan’s legal filing reads like pulp nonfiction, with jaw-dropping accusations. Among them: that Ms. Javice and Olivier Amar, Frank’s chief growth and acquisition officer, faked their customer list and hired a data science professor to help pull the wool over the eyes of the […]

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‘Sober bar’ owner says she’s struggling to meet unprecedented demands New York CNN — Santa Fe, New Mexico, paid a local contractor $47,000 to round up about 3,000 shopping carts around the city in 2021 and 2022. Fayetteville, North Carolina, spent $78,468 collecting carts from May 2020 to October 2022. Shopping carts keep wandering away from their stores, draining taxpayers’ coffers, causing blight and frustrating local officials and retailers. Abandoned shopping carts are a scourge to neighborhoods, as wayward carts block intersections, sidewalks and bus stops. They occupy handicap spots in parking lots and wind up in creeks, ditches and parks. And they clog municipal drainage and waste systems and cause accidents . There is no national data on shopping cart losses, but US retailers lose an estimated tens of millions of dollars every year replacing lost and damaged carts, say shopping cart experts. They pay vendors to rescue stray carts and fork over fines to municipalities for violating laws on shopping carts. They also miss out on sales if there aren’t enough carts for customers during peak shopping hours. Last year, Walmart paid $23,000 in fines related to abandoned shopping carts to the small town of Dartmouth, Massachusetts, […]

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