Tropical Storm Nate Approaches the Gulf, Costco to Delivery: Friday's Stories
Jane King Has Monday's Top Stories:
Gulf of Mexico Shuts Down Oil Production:
About 15% of oil and natural gas production in the Gulf of Mexico has been shut down as Tropical Storm Nate approaches the area. The Bureau of Safety and Environmental Enforcement says some employees have been evacuated as well. Nate is expected to become a hurricane tomorrow and pass through the center of the Gulf, according to the National Hurricane Center. So far, oil prices are holding steady.
Costco to Deliver Groceries
Costco (COST) - Get Report said that starting this week, Costco grocery will offer nearly 500 non-perishable items that will be delivered in 2 days, with order over $75 dropped off for free. Meanwhile, USA Today says a separate service offered at some stores will give customers the choice of roughly 1700 items, including fresh groceries. Despite beating earnings expectations, Costco stock is down on lingering worries about the more competitive grocery business.
Anti-Nuclear Weapons Group Wins Nobel Peace Prize:
An Anti-nuclear weapons group has won the Nobel Peace Prize. The International Campaign to abolish nuclear weapons won the prize according to the committee because of its groundbreaking efforts in fighting nuclear weapons.
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