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Cummins makes offer for VW’s large engines unit: sources

19 hours ago DieselGasoil Comments Off on Cummins makes offer for VW’s large engines unit: sources
FRANKFURT (Reuters) – United States-based diesel (gasoil) engines maker Cummins (CMI.N) has made an indicative offer for Volkswagen’s (VOWG_p.DE) MAN Energy Solutions unit, people close to the matter said, as the carmaker seeks to slim down its portfolio of disparate assets. FILE PHOTO: The logo of Volkswagen is seen in front of its plant, in Read More

SoftBank and Toyota want driverless cars to change the world

2 days ago DieselGasoil Comments Off on SoftBank and Toyota want driverless cars to change the world
Meet ‘crazy’ tech tycoon Masayoshi Son SoftBank and Toyota want to change the world of transportation through autonomous vehicles and other technologies. The high-profile Japanese companies are forming a joint venture called Monet to develop businesses that will use driverless-car technology to offer new services, such as mobile convenience stores and delivery vehicles in which Read More

Drug lord El Chapo set to die in jail after getting life sentence

3 days ago DieselGasoil Comments Off on Drug lord El Chapo set to die in jail after getting life sentence
Mexican drug lord Joaquin “El Chapo” Guzman is likely to die in jail after being sentenced to life plus 30 years for smuggling drugs into the US over a violent, decades-long career. Jurors found the 62-year-old guilty of drug trafficking, money laundering and the use of firearms in February after an 11-week trial. Speaking to Read More

U.S. property trust Vornado challenges Arcadia’s restructuring plan

4 days ago DieselGasoil Comments Off on U.S. property trust Vornado challenges Arcadia’s restructuring plan
FILE PHOTO: CEO of Arcadia Group Ian Grabiner arrives at County Hall in central London, Britain June 5, 2019. REUTERS/Henry Nicholls/File Photo (Reuters) – Philip Green’s fashion empire Arcadia Group on Tuesday said it received applications from legal entities of U.S.-based property group Vornado (VNO.N) challenging two of its seven planned Company Voluntary Agreements (CVAs). Read More

Slow-moving Tropical Storm Barry threatens Louisiana ports, refineries, LNG facilities

1 week ago DieselGasoil Comments Off on Slow-moving Tropical Storm Barry threatens Louisiana ports, refineries, LNG facilities
New York — Tropical Storm Barry is expected to make landfall over the central Louisiana Coast Saturday, bringing the potential for extreme flooding, National Hurricane Center information showed Friday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The NHC forecasts storm winds could reach hurricane strength when Barry reaches Read More

Factbox: Offshore oil, gas production continues to be shut in as US Gulf Coast prepares for Tropical Storm Barry landfal

1 week ago DieselGasoil Comments Off on Factbox: Offshore oil, gas production continues to be shut in as US Gulf Coast prepares for Tropical Storm Barry landfal
Washington — Tropical Storm Barry is expected to make landfall over the central Louisiana Coast Saturday, bringing the potential for extreme flooding, National Hurricane Center information showed Friday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The US Department of Interior’s Bureau of Safety and Environmental Enforcement said Friday Read More

New Orleans port closes, refinery shuts as Tropical Storm Barry targets Louisiana

1 week ago DieselGasoil Comments Off on New Orleans port closes, refinery shuts as Tropical Storm Barry targets Louisiana
New York — Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The Port of New Orleans has been closed to incoming traffic and Phillips 66 is shutting its Alliance refinery as Louisiana prepares to weather the hit from Tropical Storm Barry. Phillips 66 spokesman Dennis Nuss said Thursday non-essential Read More

Phillips 66 shuts in Alliance refinery ahead of Tropical Storm Barry: company

1 week ago DieselGasoil Comments Off on Phillips 66 shuts in Alliance refinery ahead of Tropical Storm Barry: company
Highlights Gulf Coast spot gasoline, jet prices on the rise Refined product, crude futures slightly higher Chevron Fourchon, Empire terminals still operating Houston — Phillips 66 is preparing to shut its 253,600 b/d Alliance refinery in Belle Chasse, the company said Thursday, the first plant to shut ahead of the storm bearing down on the Read More

1000s sign petition urging Disney to re-think ban & allow Spider-Man on 4-year-old fan’s grave

2 weeks ago DieselGasoil Comments Off on 1000s sign petition urging Disney to re-think ban & allow Spider-Man on 4-year-old fan’s grave
A British father, who lost his 4-year-old son to a rare disease, says he suffered another blow as Disney forbid putting Spider-Man, the kid’s favorite character, on his grave. Yet, thousands quickly teamed up in his support. “We follow a policy that began with Walt Disney himself that does not permit the use of characters Read More