Oklahoma City is enjoying a rebound. The city's pro basketball team is in the playoffs and the unemployment rate is one of the lowest in the country. But one of the city's leading companies, Chesapeake Energy, is in a tough spot because of falling natural gas prices. Local officials worry about what the fall of the company might mean to the Oklahoma capital.
Participation is down at some of the Susan G. Komen Race for the Cure events which raise money for breast cancer research and treatment. The foundation may be suffering from the fallout of its decision to stop funding Planned Parenthood programs. The decision was quickly reversed.
The number of millionaire households in the U.S. declined in 2011, according to this year's Global Wealth Study from the Boston Consulting Group. It found the number of American households with a million dollars of investable assets shrunk by 2.5 percent.
The announcement reverses a company statement last year that said it had no plans for new chemical factories in the United States. According to Reuters, decades-low natural gas prices made the move too enticing to pass over.
The unemployment in Michigan is dropping as the auto industry rebounds, and the state has a budget surplus for the first time in many years. But many local leaders say they're not seeing a comeback. They believe state leaders are helping themselves — and the business community — at the expense of the well-being of cities.
A five-year, $10 billion expansion in Port Arthur, Texas, has created the largest refinery in the country. But because the U.S. has become a net exporter of gasoline and the facility will contribute to that trend, analysts say the project won't have a big impact on national fuel prices.
The president of the European Central Bank warned Thursday that the set-up of the European currency is unsustainable. In some of the harshest remarks by a senior European official to date, Mario Draghi criticized the vacuum resulting from the lack of action by European governments.
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