Whats even more peculiar, Energy Shares were among todays tom performers even as one of the biggest names in the sector said it will slash its capital spending. More on that in just a moment. By the close today the dow industrials rose 82 points to 17,574. Nasdaq gained 22. And the s p 500 added 4. As for domestic crude, it fell another 1 to close at 36. 76 a barrel. A report from opec pressured prices. The cartel says it pumped more oil in november than during any month in the past three years. Those low oil prices prompting Conoco Phillips to cut spending on projects next year by 25 . It also follows similar moves by other oil companies. Response in the stock price was positive with shares rising about 1 1 2 . Morgen brennan has more on the latest Energy Company to feel the heat from the slide in crude. The u. S. Oil major releasing its operating plan and Capital Budget for 2016 sxid and the latest round of cuts are steep. Conoco phillips 2016 Capital Expenditures 17 billion down 25
Rampage that killed 14 people. The military campaign and changing tactics, hong kongs umbrella soldiers are turning ing ting to politics t their fights going. Britain has launched its first airstrikes in syria against the Islamic State militant group. The British Defense Ministry Said planes hit oil fields. Oil is believed to be a major source of revenue for the Islamic State group. The British State government had been pushing to join the air campaign in syria. We should answer the call from our allies. The action we propose is legal, it is necessary, and it is the right thing to do to keep our country safe. Britain is part of the u. S. Led Coalition Fighting the militants but British Forces have limited their targets to those in iraq. U. S. President barack obama welcomed 9 parliament decisi. He said britain has been one of the most valued partners in fighting the militants. Many british people are wary of getting involved in a conflict in the middle east after the countrys previous
Fumio kishida and yun byungse met in seoul on monday for about an hour and then they spoke to reporters. Translator the honor and dignity of many women was hurt with the involvement of the Imperial Japanese army during war time. The japanese government feels responsibility for that. Prime minister shinzo abe will make an official apology and express deep remorse for all the women who suffered from psychological and physical wounds that cannot be healed. Kishida also said the japanese government will pay more than 8 million to a foundation to be established by the south korean government. He said the foundation is aimed at helping the women regain dignity and honor. Yun said his government will cooperate with the steps the japanese government will take. Translator the government of south korea acknowledges the statement and measured announced by the japanese government. We confirm the issue will nowe resolved finally and irversably together with our Japanese Counterparts on condition th
Strengthen efforts to capture smugglers and take their boats. They also agreed to tighten controls on the flow of Illegal Immigrants by sending them back to their countries. The eu is asking members to swiftly implement the new measures. Leaders will discuss progress at their june summit. U. S. President barack obama has revealed what he calls a terrible tragedy in a drone strike on al qaeda in pakistan. He says an american and italian hostage were killed. And he apologized to the families of the victims. Obama called an unscheduled News Conference on thursday at the white house. He revealed details of the january attack on a border region between afghanistan and pakistan. Its where a u. S. And Italian Government aid worker were being held hostage. Al qaeda agents abducted Warren Weinstein in 2011. And Giovanni Laporto in 2012. Obama said based on intelligence obtained at the time, military officials believed no civilians were present. I take full responsibility for all our Counterterr
Strengthen efforts to capture smugglers and take their boats. They also agreed to tighten controls on the flow of Illegal Immigrants by sending them back to their countries. The eu is asking members to swiftly implement the new measures. Leaders will discuss progress at their june summit. U. S. President barack obama has revealed what he calls a terrible tragedy in a drone strike on al qaeda in pakistan. He says an american and italian hostage were killed. And he apologized to the families of the victims. Obama called an unscheduled News Conference on thursday at the white house. He revealed details of the january attack on a border region between afghanistan and pakistan. Its where a u. S. And Italian Government aid worker were being held hostage. Al qaeda agents abducted Warren Weinstein in 2011. And Giovanni Laporto in 2012. Obama said based on intelligence obtained at the time, military officials believed no civilians were present. I take full responsibility for all our Counterterr