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Wall St. falls as CSX results signal damage from trade tensions

2 days ago DieselGasoil Comments Off on Wall St. falls as CSX results signal damage from trade tensions
NEW YORK (Reuters) – U.S. stock indexes fell on Wednesday as weak results from CSX Corp stoked concerns that the protracted trade war between the United States and China could hurt corporate earnings. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 1, 2019. REUTERS/Brendan McDermid CSX Read More

Anadarko shareholders to vote next month on Occidental deal

1 week ago DieselGasoil Comments Off on Anadarko shareholders to vote next month on Occidental deal
Anadarko Petroleum Corporation is seen in The Woodlands, Texas, U.S., April 30, 2019. REUTERS/Loren Elliott HOUSTON (Reuters) – Anadarko Petroleum Corp (APC.N) shareholders will vote Aug. 8 on the oil and gas producer’s planned $38 billion sale to Occidental Petroleum Corp – the biggest oil and gas deal of the year. Occidental (OXY.N) avoided its Read More

Rich get richer, everyone else not so much in record U.S. expansion

3 weeks ago DieselGasoil Comments Off on Rich get richer, everyone else not so much in record U.S. expansion
NEW YORK (Reuters) – Last month Pink Floyd frontman David Gilmour sold his guitar collection for $21.5 million, including one piece – his famed “Black Strat” Fender Stratocaster – that went for nearly $4 million to the owner of the U.S. National Football League’s Indianapolis Colts. FILE PHOTO: The painting by Claude Monet, part of Read More

Icahn steps up fight with Occidental over deal, wants board seats

3 weeks ago DieselGasoil Comments Off on Icahn steps up fight with Occidental over deal, wants board seats
(Reuters) – Billionaire investor Carl Icahn on Wednesday ratcheted up his fight with Occidental Petroleum over its pending purchase of rival Anadarko Petroleum by calling for a special shareholder meeting where he hopes to win board seats. FILE PHOTO: Investor Carl Icahn responds to a question at a meeting to announce the findings of the Read More

Nevada utility announces three major solar projects with battery storage

3 weeks ago DieselGasoil Comments Off on Nevada utility announces three major solar projects with battery storage
Solar panels are seen in front of a natural gas power plant at the Tahoe-Reno Industrial Center in McCarran, Nevada, September 16, 2014. REUTERS/Max Whittaker (Reuters) – Nevada’s largest utility NV Energy will procure 1,200 megawatts (MW) of solar electricity paired with batteries, or enough to power about 228,000 homes, as it seeks to double Read More

‘Storm approaching’: firms fear for deliveries in shipping shakeup

4 weeks ago DieselGasoil Comments Off on ‘Storm approaching’: firms fear for deliveries in shipping shakeup
LONDON/LOS ANGELES (Reuters) – U.S. furniture company RC Willey Home Furnishings is so concerned that new global clean air rules will cause transport disruption that it brought forward the shipment of arm chairs and sofas from China by two months. FILE PHOTO: Shipping containers are pictured at Yusen Terminals (YTI) on Terminal Island at the Read More

U.S. senators target $1 billion a year coal subsidy, ask IRS for test results

1 month ago DieselGasoil Comments Off on U.S. senators target $1 billion a year coal subsidy, ask IRS for test results
BOSTON (Reuters) – Three U.S. senators on Monday urged the Internal Revenue Service to crack down on a $1 billion-a-year subsidy for burning chemically treated refined coal, after a new study showed some power plants using the fuel produced surging amounts of mercury and smog instead of cutting pollution. FILE PHOTO: Exhaust rises from the Read More

Anadarko pressed Occidental for cash, expecting investor opposition -filing

1 month ago DieselGasoil Comments Off on Anadarko pressed Occidental for cash, expecting investor opposition -filing
HOUSTON (Reuters) – Anadarko Petroleum exacted a top price for itself by repeatedly spurning Occidental Petroleum’s approaches and pushing for all-cash offers, reasoning the market might react negatively to the blockbuster $38 billion deal, according to securities filings released on Friday. FILE PHOTO: Anadarko Petroleum Corporation is seen in The Woodlands, Texas, U.S., April 30, Read More

Warren Buffett charity lunch fetches record $4.57 million winning bid

2 months ago DieselGasoil Comments Off on Warren Buffett charity lunch fetches record $4.57 million winning bid
(Reuters) – An anonymous bidder has agreed to pay a record $4,567,888 at an annual charity auction to have a private lunch with Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc. Warren Buffett, CEO of Berkshire Hathaway Inc, pauses while playing bridge as part of the company annual meeting weekend in Omaha, Nebraska U.S. Read More