Weekly U.S. Oil Rig Count: The Summer Of Drilling and other top stories.

• Weekly U.S. Oil Rig Count: The Summer Of Drilling

  

  An even larger increase in the horizontal rig count than last week, with new rigs concentrated in the Permian and in shale producing regions. Of the 10 new oil rigs added this week, 11 are horizontal (yes, we can count), meaning that producers are positioning themselves for maximum yield. Combined with the existing inventory of drilled but uncompleted wells (DUCs), we could see a material increase during the summer in oil produced from new wells. Crude oil prices (NYSEARCA: USO) remained unchang..

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• RPT-Aetna meets with Justice Department over merger with Humana

  

  (Repeats story for wider distribution)By Caroline Humer and Diane BartzNEW YORK/WASHINGTON, July 8 Aetna Inc executives met with top Justice Department antitrust officials on Friday to convince the government that asset sales it proposed would address potential competitive problems that could threaten its deal to buy rival Humana Inc, according to a source familiar with the matter.Aetna's plan to buy Humana would combine two of the largest providers of Medicare Advantage plans for elderly peo..

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• Politicians look for ways to spur retirement savings

  

  WASHINGTON — The race is on to save Americans' golden years.The aging of baby boomers, the looming funding crisis for Social Security and the meager size of many workers' nest eggs — if they have them at all — have spurred candidates, lawmakers and experts to propose ways to boost retirement savings.Politicians even are talking about making changes to Social Security, long known as the third rail of politics because touching it was thought to be a career-killer. The looming financial train wreck..

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• Brexit vote roils London real estate market - Winston

  

  LONDON — Henry Pryor, who has helped people buy homes in London for more than 30 years, says only war would be a bigger threat to the housing market than the conditions it faces now after Britain’s vote to leave the European Union. In addition to the vote, the prime minister has resigned, the main opposition is in disarray, and there may be early Parliamentary elections. And Donald Trump may become U.S. president, something Pryor argues would add further uncertainty to the global economy. “An..

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• Gap Crushes It In June, And A Note Of Caution

  

  Click to enlarge Gap (NYSE:GPS) has been mercilessly punished in the past year or so, as its status as a dividend stock has recently been overshadowed by some pretty horrible numbers. After the Q1 report in May, the stock was trading for $18, and I said at the time that the 5% yield and the prospect of a turnaround made Gap a buy. We are a couple of months on from that recommendation and shares are up over four bucks to nearly $23 off of a strong June sales number. Is this the turnaround we've..

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• G20 seeks to enhance trade growth in face of protectionism -China

  

  SHANGHAI In the face of a "worrying" rise in protectionism, trade ministers from the world's major economies have agreed to cut trade costs, increase policy coordination and enhance financing, China's Commerce Minister Gao Hucheng said on Sunday.The Group of 20 trade ministers, who wrapped up a two-day meeting in Shanghai on Sunday, approved a broad trade growth strategy aimed at reversing a slowing in global trade, and backed guiding principles for global investment policymaking."The global r..

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