RIG COUNT UP 2 IN COLORADO

The Denver Post - - BUSINESS - Den­ver Post wire re­ports

The num­ber of rigs ex­plor­ing for oil and nat­u­ral gas in the U.S. rose by six this week to 933. A year ago, just 424 rigs were ac­tive.

Baker Hughes said Fri­day that 747 rigs sought oil and 186 ex­plored for nat­u­ral gas this week. North Dakota added three rigs while Alaska, Colorado and New Mex­ico gained two rigs each. Cal­i­for­nia and Louisiana in­creased by one. Ok­la­homa de­clined by four rigs and Wy­oming was down one.

Law­suit: Cen­tu­ryLink whistle­blower was fired. A Cen­tu­ryLink em­ployee

claims she was fired for blow­ing the whis­tle on the telecom­mu­ni­ca­tions com­pany’s high-pres­sure sales cul­ture that left cus­tomers pay­ing mil­lions of dol­lars for ac­counts they didn’t re­quest, ac­cord­ing to a law­suit filed this week in Ari­zona state su­pe­rior court.

The com­pany’s shares fell the most in six weeks on the news, while the shares of merger part­ner Level 3 Com­mu­ni­ca­tions also dropped sharply.

The plain­tiff, Heidi Heiser, claims she was fired days af­ter no­ti­fy­ing CEO Glen Post of the al­leged scheme dur­ing a com­pa­ny­wide ques­tion-and-an­swer ses­sion held on an in­ter­nal mes­sage board.

Face­book ac­knowl­edges se­cu­rity hole. Face­book

has ac­knowl­edged that a se­cu­rity hole in its soft­ware may have ex­posed the iden­ti­ties of its on­line mon­i­tors to sus­pected ter­ror­ist groups and oth­ers whose pages were re­moved for in­ap­pro­pri­ate con­tent. The Guardian re­ported more than 1,000 peo­ple, which Face­book calls mod­er­a­tors, were af­fected. Face­book says it fixed the er­ror.

Third of U.S. house­holds spend 30% on hous­ing.

A di­min­ished sup­ply of avail­able homes is swelling prices in large U.S. metro ar­eas, squeez­ing out would-be buy­ers and push­ing up rents as more peo­ple are forced to re­main tenants. The trend is pres­sur­ing Amer­i­cans’ bud­gets, with about one-third of house­holds spend­ing more than 30 per­cent of their gross in­come on hous­ing as of 2015.

Hous­ing starts drop.

Home­builders slowed down the pace of con­struc­tion for the third straight month in May, a pos­si­ble sign that the short­age of houses for sale might worsen. The Com­merce Depart­ment says hous­ing starts fell 5.5 per­cent in May to a sea­son­ally ad­justed an­nual rate of 1.09 mil­lion units. This comes af­ter a 2.7 per­cent monthly de­cline in April and a 7.7 per­cent drop in March.

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