The Traderszone Network

, so its not a surprise.
This follows news from the weekend
Japan just confirming and getting’ ready to ship in more of that cheap oil!

U.S. crude oil prices were stable in early Asian trading on Friday after bouncing away from 12-year lows the previous day as rallying financial markets gave some traders reason to cash in on record short positions. Front-month West Texas Intermediate (WTI) crude futures (CLc1) were trading at $29.82 per barrel at 0056 GMT (1956 EDT), up 29 cents from their last settlement and over $3.50 above 2003 lows reached earlier this week.

read more

Yahoo wants to gauge shareholder reaction after presenting its strategic vision during the earnings conference call, one of the people said. Yahoo this month rebuffed several potential buyers for its core Internet assets, including private equity firms, the three sources said this week. Yahoo declined to comment.

“The air cargo market recovery that began in late 2013 has stalled in recent months and slowed demand for the 747-8 freighter,” Ray Conner, chief executive of Boeing Commercial Airplanes, said in a statement. Boeing has disclosed in its regulatory filings for months that the costs of making the 747-8 were outstripping sales, suggesting an imbalance of about $1 billion, so the charge is somewhat less than analysts had expected and had already been factored into Boeing’s stock price. Boeing shares slipped in extended trade to $121.60 from a close of $123.40 on the New York Stock Exchange.

Administrative Law Judge Geoffrey Carter said in a ruling posted on the board’s website on Thursday that Wal-Mart violated labor laws by “disciplining or discharging several associates because they were absent from work while on strike”. Most of the allegations in the ruling related to a coordinated set of strikes at various Wal-Mart stores in May and June of 2013, the ruling said. Carter was ruling on a complaint filed by the NLRB on behalf of a union-backed worker group, OUR Walmart, in 2014.

Asian stocks gained early on Friday, after the markets were given some breathing space when the European Central Bank hinted of more monetary policy easing, while crude oil extended an overnight rally. Japan’s Nikkei (.N225) bounced 3 percent to move away from a 15-month low struck Thursday and Australian shares (.AXJO) rose 0.9 percent. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.9 percent.

“Although the United States is still the leader overall in research and development spending, that is changing quickly,” the defense company Chief Executive Wes Bush said in an address to the Wings Club, an aviation organization in New York. Measured in purchasing power parity, China is expected to surpass the United States in R&D spending by around 2022, he said, adding that “the quality of R&D is China is impressive.