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Tag Archives: Federal Reserve Bank

US economy barely grew in first quarter

WASHINGTON (AP) — The U.S. economy skidded to a near halt in the first three months of the year, battered by a triple whammy of harsh weather, plunging exports and sharp cutbacks in oil and gas drilling. The overall economy grew at a barely discernible annual rate of 0.2 percent in the January-March quarter, the Commerce Department reported Wednesday. That ...

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Halliburton job cuts coming to fruition

File photo of the company logo of Halliburton oilfield services corporate offices in Houston

Tumbling oil prices continue to claim its victims. Oil giant Halliburton Co. announced Tuesday that the company has cut jobs in Houston because of weakening market conditions as oil prices slide, according to Fuel Fix. Halliburton refused to announce exactly how many jobs it was forced to cut. Halliburton spokeswoman Emily Mir commented in an emailed statement: “While these reductions ...

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