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Tag Archives: New York

Communities bypass utilities to save money, push green power

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ALBANY, N.Y. (AP) — Some New York communities are changing the way their residents buy electricity under an initiative designed to save people money while promoting locally-produced, renewable energy. New York is the seventh state to allow community choice aggregation, which lets cities, towns and villages form energy-buying groups that automatically enroll all residents and small businesses. Instead of buying ...

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Oil lifts shares and bond yields

People walk through the lobby of the London Stock Exchange in London, Britain November 30, 2015. REUTERS/Suzanne Plunkett

NEW YORK – Stocks rose around the world and bond yields edged up on Tuesday as oil rebounded from 11-year lows on prospects for lower temperatures on both sides of the Atlantic. The fall in oil prices has been a major driver of financial markets this year, hammering energy companies, lowering inflation expectations and reinforcing bets on loose monetary policy ...

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RPT-FACTBOX-For commodity trading advisors, oil’s downtrend has been a friend

NEW YORK, Aug 28 (Reuters) – The nearly two-month-long slide in oil prices to 6-1/2 year-lows has been a boon to many so-called systematic funds, which trade based on technical signals or computer algorithms rather than fundamentals. While most market commentary has focused on the persistent glut in the global market caused by unrelenting OPEC output and surprisingly resilient U.S. ...

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Settlement reached in lawsuit over decade-old Gulf oil leak

NEW ORLEANS — Environmental groups and a New Orleans energy company have reached a settlement agreement in a lawsuit stemming from the company’s failed efforts to stop a decade-old, slow-motion oil spill in the Gulf of Mexico. A federal court filing Thursday stated that an agreement had been reached between Taylor Energy Company and the environmental groups. Taylor said in ...

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