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FedEx outlook weighs on Wall St. ahead of Fed policy decision

2 hours ago DieselGasoil Comments Off on FedEx outlook weighs on Wall St. ahead of Fed policy decision
(Reuters) – U.S. stocks fell on Wednesday after economic bellwether FedEx Corp’s downbeat profit outlook raised concerns about global growth, while investors waited for more clarity on the Federal Reserve’s interest rate forecasts for the rest of the year. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New Read More

BMW plans to cut costs after warning on profits

2 hours ago DieselGasoil Comments Off on BMW plans to cut costs after warning on profits
MUNICH (Reuters) – BMW expects group pretax profit to fall by more than 10 percent this year and plans a sweeping 12 billion euro ($13.6 billion) savings and efficiency plan to help offset higher technology investment and currency costs. The German carmaker last week reported a 7.9 percent fall in 2018 operating profit and said Read More

Enwave and University Health Network team up to control energy costs, improve reliability and support patient care

3 hours ago DieselGasoil Comments Off on Enwave and University Health Network team up to control energy costs, improve reliability and support patient care
TORONTO, March 20, 2019 (GLOBE NEWSWIRE) — Enwave Energy Corporation (Enwave) is working with the University Health Network (UHN) to connect the Princess Margaret Cancer Centre to Enwave’s Deep Lake Water Cooling (DLWC) system. DLWC draws cold water from Lake Ontario to cool buildings in Toronto’s downtown core. A sustainable alternative to traditional cooling towers Read More

The City of Mississauga Bypasses the Grid with Clear Blue Technologies’ Smart Off-Grid Lighting

4 hours ago DieselGasoil Comments Off on The City of Mississauga Bypasses the Grid with Clear Blue Technologies’ Smart Off-Grid Lighting
TORONTO, March 20, 2019 (GLOBE NEWSWIRE) — Clear Blue Technologies International Inc. (“Clear Blue” or “the Company”) (TSXV: CBLU), the Smart Off-Grid™ company, today announced the installation of its Smart Off-Grid Illumient lighting systems in the City of Mississauga, Ontario. The project in Duncairn Downs Park, located in the Erin Mills Community, was completed late Read More

BMW delivers 2019 profit warning and plan to cut costs by 12 bln euros

4 hours ago DieselGasoil Comments Off on BMW delivers 2019 profit warning and plan to cut costs by 12 bln euros
MUNICH (Reuters) – BMW expects group pretax profit to fall by more than 10 percent this year, it said on Wednesday as it announced a sweeping 12 billion euro ($13.6 bln) savings and efficiency plan to help offset higher technology investment and currency costs. FILE PHOTO: The BMW logo is seen on the wheel of Read More

Wall Street set for muted open as investors await Fed outlook

5 hours ago DieselGasoil Comments Off on Wall Street set for muted open as investors await Fed outlook
(Reuters) – Wall Street’s main indexes were set to eke out gains at open on Wednesday, as investors cautiously waited for more clarity on the Federal Reserve’s monetary policy outlook for the year, while trade worries still lingered. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, Read More

Pipestone Energy Corp. Announces Progress on Its Development Program and a Significant Increase in the Value of Its Reserves and Resources

6 hours ago DieselGasoil Comments Off on Pipestone Energy Corp. Announces Progress on Its Development Program and a Significant Increase in the Value of Its Reserves and Resources
CALGARY, Alberta, March 20, 2019 (GLOBE NEWSWIRE) — (PIPE – TSX-V) Pipestone Energy Corp. (“Pipestone Energy” or the “Company”) is pleased to provide an operational update as well as updated reserves and resources information effective as of January 4, 2019, which was the closing date of the amalgamation (the “Amalgamation”) of Pipestone Oil Corp. (“Pipestone Read More

Volkswagen's Skoda Auto: cannot repeat 2018 pay hikes in new round of bargaining

7 hours ago DieselGasoil Comments Off on Volkswagen's Skoda Auto: cannot repeat 2018 pay hikes in new round of bargaining
FILE PHOTO: A Skoda logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Pierre Albouy MLADA BOLESLAV, The Czech Republic (Reuters) – Volkswagen’s Czech unit Skoda Auto does not expect to repeat the strong wage growth agreed in 2018 again in the latest round of collective bargaining, a Read More

BMW warns of significant profit fall in 2019, seeks 12 billion euro in cuts

7 hours ago DieselGasoil Comments Off on BMW warns of significant profit fall in 2019, seeks 12 billion euro in cuts
MUNICH (Reuters) – BMW on Wednesday said it expected group pretax profit to fall by more than 10 percent in 2019 and announced a sweeping 12 billion euro ($13.6 bln) cost savings and efficiency plan to help offset higher technology investment and currency costs. FILE PHOTO: The BMW logo is seen on the wheel of Read More