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Gucci owner Kering close to settling Italian tax case for 1.3 to 1.4 billion euros: sources

32 mins ago DieselGasoil Comments Off on Gucci owner Kering close to settling Italian tax case for 1.3 to 1.4 billion euros: sources
MILAN (Reuters) – French luxury group Kering is close to agreeing to pay between 1.3 billion and 1.4 billion euros ($1.5-1.6 billion) to settle a dispute with Italian authorities over unpaid taxes by its fashion brand Gucci, three sources told Reuters on Thursday. FILE PHOTO: Gucci logo is seen in a store at Fiumicino airport Read More

PSA revenues hit by decline in overseas sales and pullout from Iran

33 mins ago DieselGasoil Comments Off on PSA revenues hit by decline in overseas sales and pullout from Iran
PARIS (Reuters) – Peugeot maker PSA Group reported a 1.1 percent decline in revenue, as falling overseas sales outweighed pricing improvements in the first quarter. FILE PHOTO: The logo of French car manufacturer Peugeot is seen at a dealership of the company in Selestat, France, January 14, 2019.REUTERS/Vincent Kessler Revenue fell to 17.98 billion euros Read More

Bayer’s profit gets boost from Monsanto but legal burden mounts

2 hours ago DieselGasoil Comments Off on Bayer’s profit gets boost from Monsanto but legal burden mounts
FILE PHOTO: Logo of Bayer AG is pictured at the annual results news conference of the German drugmaker in Leverkusen, Germany February 27, 2019. REUTERS/Wolfgang Rattay FRANKFURT (Reuters) – German drug and farming supplies company Bayer posted a 45 percent gain in quarterly core earnings thanks to the acquisition of seed maker Monsanto, while the Read More

Gucci owner Kering close to settling Italian tax dispute for 1.3-1.4 billion euros: sources

2 hours ago DieselGasoil Comments Off on Gucci owner Kering close to settling Italian tax dispute for 1.3-1.4 billion euros: sources
FILE PHOTO: The logo of Kering is seen during the company’s 2015 annual results presentation in Paris, France, February 19, 2016. REUTERS/Charles Platiau MILAN (Reuters) – French luxury group Kering is close to agreeing to pay between 1.3 billion and 1.4 billion euros ($1.5-1.6 billion) to settle a dispute with Italian authorities over unpaid taxes Read More

Netflix, streaming services win Oscars cinema rule battle

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(Reuters) – In a win for Netflix, Amazon and other internet streaming services, the Academy of Motion Picture Arts and Sciences has voted not to change its rules for winning an Oscar, Hollywood’s top prize. FILE PHOTO: The Netflix logo is seen on their office in Hollywood, Los Angeles, California, U.S. July 16, 2018. REUTERS/Lucy Read More

Ford Motor puts $500 million into electric pickup producer Rivian

2 hours ago DieselGasoil Comments Off on Ford Motor puts $500 million into electric pickup producer Rivian
(Reuters) – Ford Motor said on Wednesday it was investing $500 million in U.S. electric pickup truck startup Rivian Automotive LLC, becoming the latest deep pocket investor in the firm, which is seen as a potential rival to Silicon Valley’s Tesla Inc (TSLA.O). FILE PHOTO: R.J. Scaringe, Rivian’s 35-year-old CEO, introduces his company’s R1T all-electric Read More

Wirecard says all subsidiaries are audited, denying FT report

2 hours ago DieselGasoil Comments Off on Wirecard says all subsidiaries are audited, denying FT report
FILE PHOTO: The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions is seen in Aschheim near Munich, Germany September 6, 2018. REUTERS/Michael Dalder FRANKFURT (Reuters) – German digital payments company Wirecard on Wednesday said all its subsidiaries were subject to regular audits, denying a Financial Times Read More

Ex-Nissan boss Ghosn to walk free again after posting $4.5 million bail

3 hours ago DieselGasoil Comments Off on Ex-Nissan boss Ghosn to walk free again after posting $4.5 million bail
TOKYO (Reuters) – Former Nissan Motor Chairman Carlos Ghosn was set to walk out of a Japanese detention center for a second time since his arrest last year on financial misconduct charges, after posting the $4.5 million bail set by a Tokyo court on Thursday. FILE PHOTO : Former Nissan Motor Chairman Carlos Ghosn sits Read More

Pieridae Energy Announces 2018 Year End Results, Progress Made on Goldboro LNG Project and Board Change

5 hours ago DieselGasoil Comments Off on Pieridae Energy Announces 2018 Year End Results, Progress Made on Goldboro LNG Project and Board Change
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN UNITED STATES CALGARY, Alberta, April 24, 2019 (GLOBE NEWSWIRE) — Pieridae Energy Limited (“Pieridae” or the “Corporation”) (PEA – TSXV) released its 2018 financial and operating results today, highlighting the fact it took some key steps forward last year in advancing its Goldboro Read More

Analysis: Chevron vs. Oxy: Who fits Anadarko better?

5 hours ago DieselGasoil Comments Off on Analysis: Chevron vs. Oxy: Who fits Anadarko better?
By World Oil staff on 4/24/2019 HOUSTON — The third and latest offer (this time publicly) on Wednesday by Occidental Petroleum for Anadarko Petroleum has prompted a discussion among analysts as to whether the large independent’s assets are a better fit with Oxy or Chevron. Less than two weeks ago, Chevron announced that it had Read More