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That's how much Royal Dutch Shell reported its earnings rose in the fourth quarter, as reported by the New York Times. But as oil prices continue to plunge, some have questioned if big oil companies would pull back on exploration projects planned in the next year or so — a suspicion confirmed by chief executive Ben van Beurden, who said the company would defer some projects and cancel others.$9
That's how much ad revenue Facebook made per user in the U.S. and Canada last quarter, the Wall Street Journal reported. Revenue is up 49 percent, thanks to the company's incredible growth in mobile advertising. These days more than a third of users experience Facebook solely on mobile. But it's not all good news for investors: Facebook's expenses have grown 87 percent, cutting deeply into profits.260 workers
That's how many workers hipster-chic company Shinola—maker of thousand-dollar watches and leather goods—employs in Detroit. The company moved to the city in 2013 as part of a bet that "Made in Detroit" would sell better than "Made in America." So far, so good, says Shinola CEO Steve Bock. And now that Detroit's bankruptcy is settled, other businesses are seeing the Motor City as a bargain.$16.6 million
That's how much eBay made selling drones in the past ten months, Forbes reported. Sales spiked over the holidays, with the retailer moving an average of 7,600 recreational drones per week between Thanksgiving and Christmas, five times average sales over the summer.$80
The most start-up Plowz and Mowz will charge to clear a driveway this winter. The company expected to process 2,000 plowing jobs in Boston following this week's blizzard. Bloomberg profiled so-called "Uber for snowplows" companies, which are capitalizing on the nor'easter and trying to modernize the lucrative private plowing business.487 bytes
That's the size of the world's smallest chess computer program. As reported by the BBC, the program takes up about as much space as a couple image-less tweets.
Shell reports earnings on Thursday, the first of the Big Oil financial snapshots. And like the other companies, a big question is how plunging oil prices will affect exploration.
Projects a year or two off are the ones companies are likely to dial back in response to low oil prices. Dominic Haywood, an analyst at Energy Aspects in London, says that could mean postponing or canceling pricier oil discovery projects, like the Arctic, which holds 13 percent of the world’s undiscovered oil, according to Shell. Drilling there is also controversial, says Tom Kloza, global head of energy analysis for Oil Price Information Service.
“One of the casualties of the lower price environment will be some of those projects that are in places that are gonna be provoking some sort of public outrage,” he says. Kloza also says until prices go up, Big Oil will probably stick to what’s safer and cheaper.
Office workers are spending more and more time in meetings and preparing for meetings. Experts say it's often a waste of time, and managers — as well as a "meeting culture" — are to blame.
The plunge in gas prices is expected to save the average household about $750 this year. For rural families and others who drive a lot, the savings will likely be even greater.
When Blue Shield Of California stopped selling individual health policies in many zip codes in 2014, even insurance agents were surprised. Blue Shield says it dropped out to keep premiums low.