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Nintendo shares fall as much as 5% after conservative earnings guidance

3 hours ago DieselGasoil Comments Off on Nintendo shares fall as much as 5% after conservative earnings guidance
FILE PHOTO: The Nintendo booth is shown at the E3 2017 Electronic Entertainment Expo in Los Angeles, California, U.S., June 13, 2017. REUTERS/ Mike Blake TOKYO (Reuters) – Nintendo Co Ltd’s shares fell as much as 5 percent in early Tokyo trading, a day after the gaming company offered conservative earnings guidance and urged caution Read More

Intel cuts forecast as China data center sales remain weak

6 hours ago DieselGasoil Comments Off on Intel cuts forecast as China data center sales remain weak
(Reuters) – Chipmaker Intel Corp on Thursday cut its full-year revenue forecast and missed analysts’ estimates for first-quarter sales for its higher-margin data center business, sending its shares down as much as 7.5%. FILE PHOTO: The Intel logo is shown at E3, the world’s largest video game industry convention in Los Angeles, California, U.S. June Read More

Southwest Airlines says bookings strong even as 737 MAX grounded

8 hours ago DieselGasoil Comments Off on Southwest Airlines says bookings strong even as 737 MAX grounded
(Reuters) – Southwest Airlines Co forecast better-than-expected second-quarter revenue growth on Thursday, citing demand from leisure and business customers, even though it is uncertain when its grounded Boeing 737 MAX jets will return to service. FILE PHOTO: A number of grounded Southwest Airlines Boeing 737 MAX 8 aircraft are shown parked at Victorville Airport in Read More

Berry Petroleum Sees Minimal Impact From Proposed California Bill AB 345

9 hours ago DieselGasoil Comments Off on Berry Petroleum Sees Minimal Impact From Proposed California Bill AB 345
DALLAS, April 25, 2019 (GLOBE NEWSWIRE) — Berry Petroleum Corporation (NASDAQ:BRY) (“Berry” or the “Company”) today announced that on Monday, April 22, the California Assembly’s Natural Resources Committee passed Assembly Bill 345. The bill, which is sponsored by several environmental justice groups, is still in the early phases of the legislative process. As it is currently proposed, the Read More

3M cuts 2019 profit outlook on weak China, shares fall 11 percent

9 hours ago DieselGasoil Comments Off on 3M cuts 2019 profit outlook on weak China, shares fall 11 percent
(Reuters) – Shares of 3M Co fell 11 percent on Thursday after the U.S. manufacturing conglomerate cut its 2019 earnings forecast and said it would lay off 2,000 workers, citing worsening performance in high-growth markets such as China. The stock’s worst day in more than three decades dragged down the Dow Jones Industrial Average, and Read More

Pacific Ethanol to Release First Quarter 2019 Results

15 hours ago DieselGasoil Comments Off on Pacific Ethanol to Release First Quarter 2019 Results
SACRAMENTO, Calif., April 25, 2019 (GLOBE NEWSWIRE) — Pacific Ethanol, Inc. (NASDAQ: PEIX), a leading producer and marketer of low-carbon renewable fuels and high-quality alcohol products in the United States, announced it will release its first quarter 2019 financial results after the close of market on Wednesday, May 1, 2019. Management will host a conference Read More

Netflix, streaming services win Oscars cinema rule battle

22 hours ago DieselGasoil Comments Off on Netflix, streaming services win Oscars cinema rule battle
(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

22 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

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

1 day 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

Microsoft tops $1 trillion as it predicts more cloud growth

1 day ago DieselGasoil Comments Off on Microsoft tops $1 trillion as it predicts more cloud growth
(Reuters) – Microsoft Corp on Wednesday briefly topped $1 trillion in value for the first time after executives predicted continued growth for its cloud computing business. FILE PHOTO: The Microsoft sign is shown on top of the Microsoft Theatre in Los Angeles, California, U.S. October 19,2018. REUTERS/Mike Blake The Redmond, Washington-based company beat Wall Street Read More