Nakednews.com- Wednesday March 4 2015
Nakednews.com- Wednesday March 4 2015
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Description:
You_re watching NAKED NEWS. Welcome everyone I_m Isabella Rossini. Based on the early feedback our BEST OF April Torres was a big hit. We_ll have more on that in today_s wrap up. Right now though guest anchor Madison is BACK and she_s got your first look at today_s headlines INCLUDING why gas prices in the US SHOULD go even LOWER Isabella the United States has more crude oil than it knows what to do with For the past seven weeks the US has been producing and importing a million more barrels of oil EACH DAY than it consumes. Supplies are at their highest point in eighty years and officials say they are literally running out of places to store it all. If things keep up at their current pace storage facilities will hit their limit in mid-April and some think oil could fall as low as twenty dollars a barrel It_s more bad news for US retailer Target. The company has announced a restructuring plan that includes thousands of job cuts and 2 billion dollars in cost-saving measures. The majority of the job losses will come from Target_s headquarters. CEO Brian Cornell says the moves are all about cutting complexity and making the retailer more competitive. This just after Target announced plans to completely exit out of Canada laying off over 17 thousand people and amassing billions in losses. Meanwhile Oprah Winfrey is laying off close to 200 staff members after announcing her Chicago-based Harpo Studios complex will be shutting down. On Tuesday it was announced that all operations will be moved to her Los Angeles location. Oprah released a statement saying she was sad to leave the Windy City studios she called home for 26 years. Don_t go away.
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