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INSIGHT-Mexico's Pemex tests limits of investor influence on climate change ... * Pemex has no strategy for renewable energy - sources. * International investors want more engagement. * Pressure comes amid concerns over state oil company's debts. By Stefanie Eschenbacher and Simon Jessop. MEXICO CITY/LONDON, Aug 31 ...
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Airlines desperately need people to fly. That's why United is dumping change fees New York (CNN Business) It wasn't long ago that airlines were bringing in billions of dollars a year in change fees that could range up to $200 per person per flight. But it'll be a long time before they charge a change fee again. When the Covid-19 pandemic ...
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Dollar hits two-year low, fourth month of losses on Fed inflation mandate NEW YORK (Reuters) - The dollar hit a more than two-year low and a fourth straight month of losses on Monday in the wake of the U.S. Federal Reserve's policy shift on inflation. U.S. Dollar and Japan Yen notes are seen in this picture illustration June 2, 2017 ...
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Women money managers have an edge over men during the pandemic of 2020. Thank tech stocks for that A century after winning the right to vote and in the midst of a pandemic, female fund managers are outperforming their male colleagues on Wall Street. That is according to a team of equity strategists at Goldman Sachs, who crunched the numbers in honor of ...
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Oil steady as prices struggle to break through demand uncertainty NEW YORK (Reuters) - Oil prices were little changed on Monday, with Brent slipping from a five-month high as global demand struggled to return to pre-COVID levels in a well supplied market. FILE PHOTO: The sun sets behind a crude oil pump jack on a drill ...
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Stocks making the biggest moves midday: Apple, Tesla, Beyond Meat, Amazon & more Check out the companies making headlines midday Monday: Apple — Shares rallied 3.5% as its long-awaited 4-for-1 stock split took effect. That gain made the tech giant the best-performing Dow component and put the stock up more than 30% since the split ...
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Amazon's Dream Of Delivery Drones Nearing Reality Amazon's long-planned fleet of delivery drones has been cleared for takeoff. The online retail and tech giant has won a green light from the Federal Aviation Administration (FAA) to start using its Prime Air delivery drones to deliver packages and other items, ...
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Robert Mercer, the CEO who helped win the Goodyear War, dies at age 96 Robert E. Mercer took Goodyear -- and Akron -- to war. Mercer, Goodyear's chairman and chief executive from 1983 to 1989, led the company in its desperate fight against corporate raider Sir James Goldsmith, the billionaire multinational financier who ...
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Gilead's Veklury wins expanded FDA nod for moderate COVID-19 patients despite mixed data Amid daily headlines about COVID-19 vaccines and trends, Gilead's Veklury, also known as remdesivir, remains the only antiviral drug authorized to treat the illness. With a new move from the FDA, the medicine's emergency green light is a little ...
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LNG services provider Hygo Energy Transition files for a $100 million IPO Hygo Energy Transition, which provides integrated downstream liquefied natural gas solutions in Brazil, filed on Monday with the SEC to raise up to $100 million in an initial public offering. Hygo provides integrated downstream liquefied natural gas (LNG) ...
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Amgen Joins Dow Jones Industrial Average as the Benchmark Index Revamps to 'Better Reflect' the US Economy As of today's opening bell, biotech pioneer Amgen (AMGN) joined the Dow Jones Industrial Average, making it the sixth Nasdaq-listed company to join the 30-stock benchmark. The addition of Amgen, along with Salesforce (CRM) and Honeywell (HON), ...
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JC Penney bankruptcy sale talks hit 'stalemate,' raising threat of liquidation Negotiations to sell J.C. Penney to one of the largest mall owners in the country or other investors have stalled, placing the retailer on the edge of a potential liquidation of the entire chain. The company had been negotiating a sale to one of three potential ...
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AT&T Might Want To Sell DirecTV. Why One Analyst Says a Deal Is Unlikely. Late Friday, The Wall Street Journal reported that AT&T is again shopping for a buyer for DirectTV, and that it has hired Goldman Sachs to talk with potential suitors, in particular private-equity firms. As we reported, the news also triggered a new round of ...
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Indian Economy Shrank Record 23.9% Last Quarter NEW DELHI—India's economy shrank by a record 23.9% last quarter—the biggest blow the coronavirus pandemic has dealt to a major economy so far—as a nationwide lockdown and fear of the fast-spreading pandemic strangled spending. Gross domestic ...
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Bostic: Fed's tools limited as long as health trajectory remains in doubt (Reuters) - The Federal Reserve's available tools, such as expanding its monthly asset purchases, aren't the best methods at this point for ensuring the U.S. economy returns to steady growth, Atlanta Fed president Raphael Bostic said on Monday.
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Cheniere says no major damage to Sabine Pass plant from Hurricane Laura (Reuters) - U.S. liquefied natural gas producer Cheniere Energy Inc said on Monday Hurricane Laura caused no significant damage to its Sabine Pass liquefaction facility and pipeline assets in Louisiana. The massive storm hit Louisiana last week with 150 ...
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Foster Farms to temporarily close Livingston plant LIVINGSTON, CALIF. – Foster Farms said it will close its poultry processing complex in Livingston for six days for deep cleaning and employee testing following a COVID-19 outbreak linked to 392 positive cases and eight deaths. The announcement came ...
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General-Atlantic backed Wish confidentially files to go public (Reuters) - General Atlantic-backed e-commerce firm Wish said on Monday it has confidentially submitted paperwork with the U.S. Securities and Exchange Commission to go public. The San Francisco-based bargain shopping app, which was last valued at ...
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Why Amazon's Domination Of Home Food Shopping Will Not Last Amazon Growth. Grocery home deliveries are accelerating. Amazon has three grocery formats that are rushing food to homes – they are Amazon Prime AMZN -1.3% , Amazon Fresh AMZN -1.3% , and on-line Amazon's Whole Foods WFM 0.0% . A most recent ...
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Orlando-based Red Lobster acquired by Thai Union and other investors Red Lobster stakeholder Thai Union and a group of investors have acquired the rest of the Orlando-based restaurant chain from the private equity firm that bought it in 2014. San Francisco's Golden Gate Capital, which acquired the seafood chain from ...
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Acasti Pharma Says Phase 3 TRILOGY 2 Study Did Not Meet Primary Endpoint - Quick Facts (RTTNews) - Biopharmaceutical company Acasti Pharma Inc. (ACST) announced Monday top-line results for the Primary Endpoint (triglyceride reduction at 12 and 26 weeks) from its 278 patient Phase 3 TRILOGY 2 study evaluating the efficacy, safety and ...
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How far can you drive an electric car at 70mph before it stops? The personal car has been sold to society as an engineered expression of freedom, as told through stories as varied as the dust bowl migration of The Grapes of Wrath to the irresponsible road racers of The Cannonball Run. And decades of dependence on ...
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Hurricane Laura, Labor Day holiday pushes up Chattanooga area gas prices Chattanooga gas prices jumped last week by the steepest weekly rise so far this year due to the storm-related closure of Gulf Coast refineries and anticipated demand from the Labor Day holiday, according to GasBuddy's daily survey of 170 local service ...
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Burger-Chan at Greenway Plaza permanently closed A popular Houston burger joint has permanently closed its Greenway Plaza restaurant. Burger-Chan at The Hub, an underground food court at 5 Greenway Plaza, has shuttered, owners/operators Diane and Willet Feng announced Friday on social media.
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Host Hotels stock falls after REIT sees negative impact of COVID-19 lasting 'well after' restrictions are lifted Shares of Host Hotels & Resorts Inc. HST, -3.08% shed 1.3% in morning trading Monday, after the real estate investment trust (REIT) which manages luxury hotels said it expects the COVID-19 pandemic to have a "material negative impact" on financial results ...
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You didn't miss out! Houston Restaurant Weeks extended through end of September HOUSTON – The 2020 Houston Restaurant Weeks was scheduled to take place from Aug. 1 through Sept. 7, but due to the coronavirus pandemic, organizers have decided to extend the event through the end of September. According to a news release, the ...
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The Fours Boston is permanently closing after 44 years After 44 years of business, The Fours is permanently closing its Boston location, the sports bar announced Monday. "It has been our honor to call the City of Champions our home," management said in a statement. "We have the best fans. Period. Thank you ...
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Walgreens Names Former Rite Aid CEO Standley to Oversee US Business Walgreens Boots Alliance (WBA) - Get Report announced the appointment of former Rite Aid CEO John Standley as president to oversee the company's U.S. operations. His appointment is effective immediately. Walgreens bought 1,932 Rite Aid stores and ...
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M&A wrap: Epicor bought for $4.7B The value of Epicor Software keeps growing — it is now on to its third private equity owner in less than five years. Check out the details of its latest deal, as well as the other mergers and acquisitions we're tracking locally.
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Chinese govt complicates TikTok sale ordered by US govt NEW YORK (AP) — The Chinese government is complicating the U.S.-government-ordered sale of U.S. TikTok assets. China on Friday introduced export restrictions on artificial intelligence technology, seemingly including the type that TikTok uses to choose ...
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Diners in rush to savour last day of eat out to help out scheme Diners rushed to their local cafes, bars and restaurants on Monday – the last day of the UK government's hugely popular eat out to help out scheme. Dubbed "going for a Rishi", the half-price meal offer throughout August was launched by the chancellor, Rishi ...
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Digital Security Firm Signal Sciences Sells for $775 Million Culver City-based online security company Signal Sciences Corp. has agreed to be acquired by Fastly Inc. in a $775 million deal. The transaction will include $200 million in cash and $575 million in Fastly stock, according to the companies. Signal Sciences ...
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Publix gets rid of one-way aisle policy at some stores LAKELAND, Fla. — Publix Super Markets said one-way aisles at some of its stores will be a thing of the past. Publix store locations that don't have a local ordinance requiring the one-way aisles will discontinue them. "They were initially adopted to help our ...
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Obsidian Pushes Bonterra for a Deal After 20 Months of Talks Obsidian Energy Ltd. is ready to go the distance to acquire peer oil producer Bonterra Energy Corp. Calgary-based Obsidian sent a letter to Bonterra chief executive officer George Fink Monday, highlighting the opportunity to cut costs, gain scale, and create a ...
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China central bank says it will improve benchmark interest rate system BEIJING/SHANGHAI (Reuters) - China's central bank said on Monday it will make interbank repo rates by depository institutions (DR) a key reference for monetary policy adjustment and financial market price-setting. Improving China's benchmark interest rate ...
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Power outages from Laura hold back plant restarts HOUSTON (ICIS)--Hundreds of thousands of power outages still remain in the US as a result of Hurricane Laura, which is preventing some chemical companies from restarting their plants. Sasol said that its complex in Lake Charles, Louisiana, remains down, ...
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Lee & Associates represents meal kit company as it adds distribution facility, jobs to North Texas HelloFresh SE on Aug. 31 announced the leasing of new distribution centers in Newnan, Georgia and Irving, providing increased capacity through expanded supply chain capabilities to support growing demand in key Southeastern and central-Texas ...
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Iconic Jeep Wagoneer returns to lineup with unveiling Thursday AUBURN HILLS, Mich. — Mark your calendars, Jeep fans: Thursday marks the reveal of the new 2021 Jeep Wrangler 4xe - a plug-in-hybrid - and the return of the Wagoneer, which was last produced in 1991. Jeep will unveil the new 2021 Wrangler 4xe ...
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Diesel price to fall 21c a litre as petrol lifts 1c Motorists will pay 1c a litre more for all grades of petrol from Wednesday September 2, but owners of diesel vehicles will enjoy a 21c a litre saving, the Central Energy Fund (CEF) announced today. The wholesale price of illuminating paraffin will decrease by ...
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Men detained over Ryanair terror alert released without charge A suspicious object discovered in the toilet on the flight from Vienna to London was found to be a mobile phone, counter-terrorism police said. Subscribe to our daily newsletter. Sign Up. An RAF Typhoon fighter jet escorts a Ryanair flight after a suspicious ...
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Royal Enfield Meteor 350 details leaked: Variants, features revealed It has been known for a while now that Royal Enfield has been working on a replacement to the Thunderbird called the Meteor 350. With a launch expected next month, more details on Royal Enfield's cruiser are now being revealed. A recent brochure leak ...
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3 Great Mutual Fund Picks for Your Retirement - August 31, 2020 If you're invested in any of the funds in our "Magnificent Retirement Mutual Funds" list, congratulations on owning some of the best managed and top-performing mutual funds. If you are lucky enough to discover our list of Top-Ranked Funds for the first time, ...
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RBA Preview: what to expect from this month's RBA meeting What's the outlook for the Australian economy? This RBA meeting will come a day before the release of Australian GDP for the June quarter. It's expected to reveal the Australian economy contracted by -6.2% on a year-over-year basis, marking its first ...
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Coca-Cola strengthens Beverages for Life strategy while culling jobs 31 Aug 2020 --- Coca-Cola is planning a major restructuring following its steepest decline in quarterly sales in over 25 years, while the financial impacts of the COVID-19 crisis have also impacted sandwich chain Pret A Manger, which is cutting 3,000 UK jobs.
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Pretium Resources Announces Departure of CFO From Firm Pretium Resources (TSX: PVG) (NYSE: PVG) this morning announced the departure of its chief financial officer Tom S.Q. Yip. While its unclear what terms the departure is on, Yip will be leaving the company at the end of October as mutually agreed between ...
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Hong Kong stocks finish lower HONG KONG, Aug 31 — Kong stocks closed with losses today, reversing an early rally, with profit-taking setting in following last week's rally. The Hang Seng Index slipped 0.96 per cent, or 245.01 points, to 25,177.05. The benchmark Shanghai Composite ...
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