Less than 1 percent of California now in ‘extreme’ drought

Storms in the past week helped bring rain and snow to California, resulting in a “significantly improved” drought picture for the state, the U.S. Drought Monitor said Thursday. As a result, the latest monitor shows just 47 percent of California being...

Saudi Arabia taking on the burden of OPEC oil cuts

However, the compliance rate has not been spread evenly. Some countries, specifically Saudi Arabia, Kuwait and Angola, are over complying which is compensating OPEC members who are under complying. For instance, Saudi Arabia produced 9.98 million bpd in January, well...

Love chocolate? Now you can get paid to eat it all day

Ever dreamed of eating chocolate for a living? A new position has opened up with Mondelez International, the company responsible for Oreo, Cadbury and other snacks, offering to pay you for the privilege. The chocolate and cocoa beverage taster position, based in...

Love chocolate? Now you can get paid to eat it all day

Ever dreamed of eating chocolate for a living? A new position has opened up with Mondelez International, the company responsible for Oreo, Cadbury and other snacks, offering to pay you for the privilege. The chocolate and cocoa beverage taster position, based in...

Zurich Insurance full-year net profit rises 74 percent

Fourth-quarter profit climbed to $685 million, after a $424 million loss in the same quarter the previous year. The insurer proposed an unchanged dividend of 17 Swiss francs for the year. “We are on track to create a simpler structure, underpinned by smart...

Toshiba receives bid as high as $3.6 billion for chip business stake

Toshiba has received an offer as high as 400 billion yen ($3.6 billion) for a 19.9 percent stake in its flash memory business, with other bids as low as 200 billion yen, a person directly involved in the deal told Reuters. Suitors include rivals SK Hynix and Micron...