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Shell Ordered to Pay Compensation Over Nigerian Oil Spills Dutch court also calls for oil giant to install equipment to guard against pipeline leaks. A boy with a fishnet on the oil-stained bank of a creek near the Nigerian village of Goi. Photo: marten van dijl/Shutterstock. By. Sarah McFarlane. Close. Sarah McFarlane.
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Electric Cars Are Coming, and Fast. Is the Nation's Grid Up to It? Major automakers are increasingly betting that millions of new cars and trucks over the next decade will be plugged into electrical outlets, not fueled up at gas stations. That raises a question: Is the nation's power grid ready to handle this surge of new electric ...
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Grape-Nuts, Supermarket Mainstay, Is No Longer So Easy to Find A supply shortage of the venerable, if polarizing, cereal has customers scouring online for boxes, sometimes listed at inflated prices.
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The GameStop Drama Just Cost One ETF Almost 80% of Its Assets As the GameStop Corp. saga continues to play out in markets, the drama has now cost what was an $800 million exchange-traded fund nearly 80% of its assets. Investors have pulled roughly $700 million from the SPDR S&P Retail ETF (ticker XRT) this week, ...
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GameStop short-sellers are still not surrendering despite nearly $20 billion in losses this year Short-selling hedge funds have suffered a mark-to-market loss of $19.75 billion year to date in the brick-and-mortar video game retailer, according to data from S3 Partners. Still, short sellers mostly are holding onto their bearish positions or they are being ...
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Airlines push back on potential Covid testing for domestic flights The CDC is "actively looking" at mandating Covid tests for domestic flights. Travel industry groups say the plan would be "unworkable," because Covid testing availability varies. Airlines lost a record $34 billion last year, and bookings are expected to be weak ...
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Recon: J&J, Novavax COVID vaccine readouts; FDA delays decision on Biogen's Alzheimer's drug Welcome to Regulatory Reconnaissance, your daily regulatory news and intelligence briefing. In Focus: US. FDA extends review period for Biogen's Alzheimer's drug to June (Reuters) (WSJ) (STAT); J&J adds to COVID-19 vaccine armoury with 66% efficacy ...
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Duke Energy earns inclusive workplace recognition from Human Rights Campaign Foundation Duke Energy's score of 100% earned the company inclusion on the organization's list of "Best Places to Work for LGBTQ Equality." The 2021 Corporate Equality Index rates employers based on criteria in five categories: ...
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Robinhood Was Flooded With Negative Reviews -- and Google Deleted Them Although the brokerage firm reopened the restricted securities for trades on Friday (with some restrictions), app users were unsurprisingly upset about their inability to freely trade the stock they wanted. And while Robinhood blamed SEC regulations ...
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Why is Virginia falling behind? Johns Hopkins professor explains COVID-19 vaccine rollout issues "That is a huge challenge for the Biden-Harris Administration, is harmonizing and trying to work with the states, and, of course, they're under-resourced to do this," Beyrer said.
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2 customers sue Subway, claiming tuna is 'anything but tuna' Plaintiffs Karen Dhanowa and Nilima Amin, two Alameda County residents, claim in their lawsuit filed last week in U.S. District Court for the Northern District of California that Subway has been trying to "capitalize on the premium price consumers are willing to ...
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GameStop Executives Sitting on $1.3 Billion Gain From Frenzy GameStop Corp.'s manic ride is transforming the fortunes of its leaders -- at least on paper. The video-game retailer's top executives have seen the value of their holdings surge about $1.3 billion in the wake of a Reddit-fueled trading frenzy that has sent ...
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Confidence in the economy stabilizes in late January, US sentiment survey shows The numbers: Americans were leery but hopeful in late January about the prospects of an economic renewal later in the year once coronavirus vaccines become widely available, a survey showed. The second of two readings of consumer sentiment this ...
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European Union regulator authorizes AstraZeneca COVID-19 vaccine for all adults The European Medicines Agency is expected on Friday Jan. 29, 2021 to authorize use of the vaccine AstraZeneca developed with Oxford University. It would be the third cleared for use in the EU, after the BioNTech-Pfizer and Moderna vaccines.
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Exxon's Earnings Report Is Just the Tip of the Iceberg Energy giant Exxon Mobil has seen pressure beyond falling energy prices. The company could also face a bitter proxy battle, a potential regulatory probe, and investors focused on climate change. Dean Mouhtaropoulos/Getty ...
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Tesla Stock Could Surge 21% to $1010, According to This Analyst Shares of Tesla (NASDAQ:TSLA) have been on fire, already climbing more than 600% over the past year, but they will surge to new all-time highs during 2021. That's according to Argus Research analyst Bill Selesky. On Friday, Selesky raised his price target ...
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December pending home sales drop as buyers face record high prices and low supply The pending home sales index from the National Association of Realtors fell 0.3% month to month, the fourth straight monthly decline. Pending sales were, however, 21.4% higher than December 2019, and this was the highest December reading on record.
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UK HealthCare plans to enter partnership with Ashland-based hospital system "For UK healthcare, this is our most significant hospital partnership since the acquisition of Good Samaritan Hospital in 2007," Newman said in a press conference announcing the partnership. "Our partnership with King's Daughters Health ...
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Dow falls 660 points on losses for shares of Johnson & Johnson, Apple Inc. AAPL, -3.52% are contributing to the blue-chip gauge's intraday decline, as the Dow DJIA, -1.69% was most recently trading 660 points lower (-2.2%). Johnson & Johnson's shares are off $8.06 (4.8%) while those of Apple Inc. are off $6.37 (4.6%), combining for ...
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German Financial Oversight Head Out After Wirecard Scandal BERLIN (AP) — The head of Germany's financial supervisory authority will leave the job as the agency is reorganized in the aftermath of the accounting scandal at payment systems provider Wirecard, the finance ministry said Friday. Finance Minister Olaf ...
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Novartis joins Sanofi in aiding manufacture of coronavirus vaccines Novartis will use its manufacturing site in Stein, Switzerland to fill vaccine vials and ship them back to BioNTech for distribution around the world. Subject to a final deal, production would begin in the second quarter, with the first shipment expected immediately ...
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Caterpillar Sees Housing Boom Leading 2021 Sales Recovery The world's biggest maker of mining and construction equipment posted adjusted fourth-quarter earnings of $2.12 a share, according to a statement Friday. That compares with the $1.45 average of analysts' estimates compiled Bloomberg. Sales ...
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Bush Intercontinental Airport had the third most firearms caught by TSA in 2020 HOUSTON, Texas (KTRK) -- TSA officers detected twice as many firearms per million passengers screened at airport security checkpoints nationwide last year compared to 2019, and Houston ranked high on the list with the most detections, according to a ...
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Warren Buffett Says This 1 Investment Decision Will 'by Far' Be the Best You'll Ever Make Going all-in on this investment strategy will yield more returns, but it's not what you think.
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Mondelez's 4Q Profit Beats Analysts' Estimates; Street Is Bullish Mondelez International reported fourth-quarter revenues and earnings on Thursday that both topped analysts' estimates. However, shares of the confectionery giant were down by about 2% in Thursday's extended market trading. Mondelez's (MDLZ) 4Q ...
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Girl Scouts of Central Texas partners with Favor for cookie delivery Cookie delivery will be available within an 8-mile radius of designated GSCTX cookie booths across the greater Austin area through Sunday, Feb. 28. Here's how Girl Scout of Central Texas cookie delivery ...
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GRAINS-Corn holds firm near 7-1/2-year high on continued China purchases Wheat futures also rose about 2%, chasing corn higher, and soybeans firmed as well. As of 12:15 p.m. CST (1815 GMT), Chicago Board of Trade March corn was up 12 ...
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Chipotle Stock Can Roll Up Even More Gains. Here's How. Analyst Eric Gonzalez reiterated an Overweight rating on Chipotle Mexican Grill shares (ticker: CMG) on Friday, while raising his price target to $1,625 from $1,475. The move comes as he also bolstered his ...
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CAPTRUST Adds Pittsburgh Team With $800M in Assets CAPTRUST Financial Advisors today announced that it has recruited a 15-member Pittsburgh-based team with seven advisors and more than $800 million in AUM that serves individuals, small business owners and institutional clients. PWA Wealth ...
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TPG-backed SPAC to take online learning platform Nerdy public in $1.7 bln deal Jan 29 (Reuters) - A blank check company backed by private equity firm TPG said on Friday it will take Nerdy Inc public through a merger, in a deal valuing the online learning platform at $1.7 billion. The deal, expected to close in early second quarter, will ...
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Visa profit beats estimates as holiday shopping drives rebound (Reuters) - Visa Inc beat Wall Street estimates for quarterly profit on Thursday, as its customers shopped online during Christmas and New Year holidays, driving a recovery in payment volumes from the coronavirus-induced slump. FILE PHOTO: Visa credit ...
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AMC sees opportunity to raise more capital amid trading frenzy AMC Entertainment Holdings is looking to raise more capital to survive the pandemic, including another stock sale that can make the most of the recent trading craze that has sent the Leawood-based company's once sagging stock skyrocketing. The world's ...
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Sioux City couple claims $150000 Powerball prize Barbara Haley, 68, of Sioux City claimed the prize Tuesday at the lottery's regional Storm Lake office. The ticket was purchased by her husband, Steve, at the East End Car Wash, 5401 Morningside Ave. The car wash is reportedly their "lucky place to buy tickets," ...
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Government lists bill to ban Bitcoin in India, create official digital currency In the legislative order of business for the budget session of 17th Lok Sabha that commenced today, the Government has listed a bill providing for the banning of all private cryptocurrencies in India such as bitcoin, ether, ripple and others. The bill also provides ...
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Marston's pub chain receives takeover proposal from US private equity group The news of the all-cash offer from Platinum Equity Advisors prompted a 17% spike in Marston's share price to 87p, giving the pub and brewing group a market value of £553m.
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Duke to Sell $2 Billion Stake Amid Push to Build Renewables (Bloomberg) -- Singapore's sovereign wealth fund, GIC, agreed to buy a $2.05 billion minority stake in a Duke Energy Corp. unit, allowing the utility to forgo a planned equity raise as power companies nationwide prioritize renewable-energy development.
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Week In Review: Manufacturing, Test Intel's packaging investment; D2S platform; etch; Advantest, Lam, TEL, UMC results. January 29th, 2021 - By: Mark LaPedus. popularity.
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US Steel swings to a profit in 4Q, but sees net loss for year PITTSBURGH — Pittsburgh-based United States Steel Corp. (NYSE: X) reported a $1.2 billion net loss for 2020, or $5.92 per share, which comes after a $630 million net loss reported in 2019, according to a news release. U.S. Steel reported fourth quarter ...
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Minneapolis city council to introduce public safety charter amendment Friday's action is the next step in getting a vote on replacing the current Minneapolis Police Department on the ballot in November 2021.
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Lowe's announces bonuses, plans to hire 50000 This will be the seventh bonus Lowe's has given hourly employees during the pandemic, bringing the company's total COVID-19 financial commitment to employees to nearly $1.3 billion. Hourly associates at stores, distribution centers, ...
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The end of LIBOR could change your business loan payments LIBOR stands for the London Interbank Offered Rate, and it's going to be retired at the end of 2021. LIBOR is the interest rate that up to 16 banks charge each other for short-term, unsecured loans. Since there were relatively few transactions of this type, the ...
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Eastman Chemical to build new Tennessee recycling facility KINGSPORT, Tenn. (AP) — Eastman Chemical Co. unveiled plans Friday to build a sweeping plastic-to-plastic recycling facility at its headquarters in northeastern Tennessee. Company officials say the chemical and plastics manufacturer will invest roughly ...
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Bombardier says net proceeds from deal with Alstom lower due to market conditions MONTREAL - Bombardier Inc. reported lower-than-expected net proceeds from the sale of its rail business to Alstom, attributing the decline to the division's lower cash generation in the fourth quarter. Bombardier, which confirmed the closing of the deal Friday, ...
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Watchdog opens competition probe into Uber's Autocab takeover The competition watchdog has opened an investigation into Uber's planned takeover of taxi tech firm Autocab. The Competition and Markets Authority (CMA) today said it had launched a probe and was inviting views on how the deal could impact the private ...
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Fitch: Taiwan to install 20.4GW of solar and wind by 2030, offsetting coal shutdowns More than 20GW of non-hydro capacity is expected to come online in Taiwan by 2030, according to a new report, driven by solar installations and offshore wind. Although it received a sharp shock at the start of last year, the speed of Taiwan's transition to solar ...
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Microsoft buys 1.3 million carbon offsets in 2021 portfolio Multinational technology company Microsoft has contracted a total of 1.3 million greenhouse gas emissions offsets for 2021 as part of a drive to become carbon negative by 2030, it said Jan. 28. Not registered? Receive daily email alerts, subscriber notes ...
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Gold rates today struggle after 5-day fall, silver surges ₹2200 in 2 days Gold prices edged higher today after a five-day decline but the gains were muted. On MCX, gold futures rose 0.26% to ₹48,749 per 10 gram while silver prices surged 1.5% to ₹68,639 per kg following overnight gains in global markets. In the previous ...
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Aggravated assault suspect fires gun at officers during overnight pursuit KANSAS CITY, Mo. — An aggravated assault suspect led Kansas City, Missouri, police officers on a pursuit across the metro for about an hour-and-a-half Friday morning before being taken into custody. Police officials said officers encountered the suspect at ...
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