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Grounding of 737 MAX after two deadly crashes will cost Boeing $5 billion to date

5 hours ago DieselGasoil Comments Off on Grounding of 737 MAX after two deadly crashes will cost Boeing $5 billion to date
The world’s biggest plane-maker Boeing said company revenue will take a $4.9 billion hit in the second quarter due to the worldwide grounding of its 737 MAX jets after two fatal crashes. That will be the biggest quarterly loss in Boeing’s history when it reports its financial results next week. According to the company, lost Read More

Approval and publication of prospectus – Listing of shares

1 day ago DieselGasoil Comments Off on Approval and publication of prospectus – Listing of shares
Oslo, 18 July 2019 Reference is made to the stock exchange notices published on 29 April 2019 and 4 June 2019 regarding Interoil Exploration and Production ASA’s (the “Company”) acquisition of petroleum concessions in Argentina and the issuance of consideration shares in connection therewith. Reference is further made to the stock exchange notice published on Read More

Morgan Stanley reports drop in profit, but wealth management gains

1 day ago DieselGasoil Comments Off on Morgan Stanley reports drop in profit, but wealth management gains
(Reuters) – Morgan Stanley (MS.N) reported a drop in quarterly profit Thursday, hit by lower market activity amid global trade tensions and expectations for U.S. interest rate cuts. FILE PHOTO: A sign is displayed on the Morgan Stanley building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson/File Photo It was the last big U.S. Read More

Morgan Stanley profit beats on wealth management gains, lower expenses

1 day ago DieselGasoil Comments Off on Morgan Stanley profit beats on wealth management gains, lower expenses
(Reuters) – Morgan Stanley (MS.N) reported a drop in quarterly profit but beat analysts’ expectations on gains in its wealth-management business and lower expenses. FILE PHOTO: A sign is displayed on the Morgan Stanley building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson/File Photo The results capped earnings for big U.S. banks and underscored Read More

Morgan Stanley profit beats on wealth management focus

1 day ago DieselGasoil Comments Off on Morgan Stanley profit beats on wealth management focus
FILE PHOTO: A sign is displayed on the Morgan Stanley building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson/File Photo (Reuters) – Morgan Stanley (MS.N) reported a drop in quarterly profit but beat analysts’ expectations on slim gains in its wealth management business and lower expenses. The results capped earnings for big U.S. banks Read More

Boeing to make $50 million in payments to 737 MAX crash victims’ families

2 days ago DieselGasoil Comments Off on Boeing to make $50 million in payments to 737 MAX crash victims’ families
WASHINGTON (Reuters) – Boeing Co said on Wednesday it will dedicate half of a $100 million fund it created after two crashes of its 737 MAX planes to provide payments to families of those killed, with veteran U.S. compensation expert Ken Feinberg hired by the world’s largest plane maker to oversee the distribution. The announcement Read More

Does renewables pioneer Germany risk running out of power?

2 days ago DieselGasoil Comments Off on Does renewables pioneer Germany risk running out of power?
FRANKFURT (Reuters) – Germany, a poster child for responsible energy, is renouncing nuclear and coal. The problem is, say many power producers and grid operators, it may struggle to keep the lights on. FILE PHOTO: Water vapour rises from the cooling towers of the Jaenschwalde lignite-fired power plant of Lausitz Energie Bergbau AG (LEAG) in Read More

Boeing to make $50 million in payments to 737 MAX crash victim families

2 days ago DieselGasoil Comments Off on Boeing to make $50 million in payments to 737 MAX crash victim families
WASHINGTON (Reuters) – Boeing Co said on Wednesday it will dedicate half of a $100 million fund it created after two crashes of its 737 MAX planes to provide payments to families of those killed, with compensation expert Ken Feinberg hired by the world’s largest plane maker to oversee the distribution. The announcement of Feinberg’s Read More

Boeing to spend $50 million to support 737 MAX crash victim families

2 days ago DieselGasoil Comments Off on Boeing to spend $50 million to support 737 MAX crash victim families
WASHINGTON (Reuters) – Boeing Co (BA.N) said on Wednesday it will dedicate half of a $100 million fund it created to address two crashes of its 737 MAX planes to financial relief for the families of those killed, with compensation expert Ken Feinberg hired by the world’s largest plane maker to oversee the distribution. Michael Read More