oil revenue

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What the 7 Fastest-Shrinking US Companies Have in Common

In a word: oil

(Newser) - It's not terribly common for companies to see revenue drop by double-digit percentages, but in coming up with entries for its list of America's fastest-shrinking companies, 24/7 Wall St. found that sometimes the plunges came fast and furious, with revenue for a few companies falling more than one-third... More »

With Paychecks Scarce, Iraqi Awakening Unravels

(Newser) - The imminent withdrawal of US troops and the lack of funds to keep Sunni Awakening members on the payroll has led to rising violence there, the Wall Street Journal reports. The steep decline in oil revenues has left the Iraqi government broke, and former insurgents hired by the US to... More »

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