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GM extends production at Detroit factory until early 2020

19 hours ago DieselGasoil Comments Off on GM extends production at Detroit factory until early 2020
General Motors Detroit-Hamtramck Assembly plant is seen in Hamtramck, Michigan, U.S. November 26, 2018. REUTERS/Rebecca Cook/File Photo (Reuters) – General Motors Co said on Friday it had extended the production at its Detroit Hamtramck plant until January 2020, against an earlier plan to discontinue production in June this year. The No.1 U.S. automaker is revamping Read More

Botswana considers allowing big game hunting, culling elephants

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FILE PHOTO: A herd of elephants leaves a drinking spot in the Mababe area, Botswana, September 19, 2018. REUTERS/Siphiwe Sibeko/File Photo GABORONE (Reuters) – Botswana, home to almost a third of Africa’s elephants, is considering lifting a ban on big game hunting, to combat what the government says is growing conflict between humans and wildlife Read More

Canada's Barrick Gold considers hostile $19 billion bid for Newmont Mining: media

1 day ago DieselGasoil Comments Off on Canada's Barrick Gold considers hostile $19 billion bid for Newmont Mining: media
MELBOURNE (Reuters) – Canada’s Barrick Gold Corp is considering a hostile bid for Newmont Mining Corp for about $19 billion in stock, in what would potentially be one of the largest-ever mining deals, the country’s Globe and Mail newspaper reported. FILE PHOTO: Mark Bristow, chief executive officer of Barrick Gold, speaks during an interview at Read More

Kraft Heinz forecasts gloomy 2019, writes down value of iconic brands

1 day ago DieselGasoil Comments Off on Kraft Heinz forecasts gloomy 2019, writes down value of iconic brands
(Reuters) – Shares of Kraft Heinz Co slumped 20 percent on Thursday after the food company posted a quarterly loss, disclosed an SEC investigation and wrote down the value of its Kraft and Oscar Mayer brands as it highlighted the tough environment for the packaged food industry. FILE PHOTO – Bottles of Heinz tomato ketchup Read More

Wall St. breaks run of gains as economic data disappoints

2 days ago DieselGasoil Comments Off on Wall St. breaks run of gains as economic data disappoints
NEW YORK (Reuters) – Weak economic reports pressured U.S. stocks on Thursday after the market’s recent run of gains, and a drop in healthcare shares added to the bearish momentum. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 13, 2019. REUTERS/Brendan McDermid/File Photo The Commerce Department Read More

Wall Street on track to snap recent run of gains after weak data

2 days ago DieselGasoil Comments Off on Wall Street on track to snap recent run of gains after weak data
NEW YORK (Reuters) – Weak economic data pressured U.S. stocks on Thursday after a recent run of gains, while a drop in healthcare shares added to the bearish momentum. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 13, 2019. REUTERS/Brendan McDermid/File Photo The Commerce Department said Read More

Oil off 2019 highs as U.S. crude stocks build, output hits record

2 days ago DieselGasoil Comments Off on Oil off 2019 highs as U.S. crude stocks build, output hits record
NEW YORK (Reuters) – Oil prices fell below 2019 highs on Thursday after U.S. government data showed a fifth weekly build in crude inventories and record production, while concerns about slowing global economic growth weighed. FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada, July 21, 2014. REUTERS/Todd Korol/File Read More

Oil eases from 2019 highs ahead of U.S. inventory data

2 days ago DieselGasoil Comments Off on Oil eases from 2019 highs ahead of U.S. inventory data
NEW YORK (Reuters) – Oil prices eased off 2019 highs on Thursday ahead of U.S. government data that was expected to show a fifth weekly build in crude inventories, while concerns about slowing global economic growth weighed. FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada, July 21, 2014. Read More

U.S. core capital goods orders unexpectedly fall in December

2 days ago DieselGasoil Comments Off on U.S. core capital goods orders unexpectedly fall in December
WASHINGTON, Feb 21 (Reuters) – New orders for key U.S.-made capital goods unexpectedly fell in December amid declining demand for machinery and primary metals, pointing to a further slowdown in business spending on equipment that could crimp economic growth. People look at Deere equipment as they attend National Farm Machinery show in Louisville, Kentucky, February Read More