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Japan may offer its Fukushima robots to US for denuclearization of North Korea – report

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Japan has offered the US its best nuclear-cleanup robots – designed for Fukushima – for use in dismantling North Korea’s nuclear facilities, hoping to remain in the loop as Washington and Pyongyang talk denuclearization. The remote-controlled robots are being developed to remove melted fuel debris from the reactors in Fukushima, and must be able to Read More

Exclusive: Buyout firms KKR, Blackstone among bidders for Philippine hospitals group – sources

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SINGAPORE (Reuters) – Buyout firms KKR (KKR.N), Blackstone (BX.N) and CVC are among bidders competing for a stake in the hospital unit of Philippines’ Metro Pacific Investments Corp (MPI.PS), people with knowledge of the matter told Reuters. FILE PHOTO – Trading information for KKR & Co is displayed on a screen on the floor of Read More

GE shares fall on Madoff whistleblower calling its finances a fraud

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(Reuters) – General Electric Co (GE.N) shares fell as much as 15% on Thursday after fraud investigator Harry Markopolos, who blew the whistle on Bernard Madoff’s Ponzi scheme, said GE was concealing deep financial problems, prompting a sharp rebuke from GE’s new CEO. Chief Executive Officer Larry Culp said Markopolos’ 175-page report contained factual errors Read More

GE shares fall on report alleging its finances are worse than disclosed

2 days ago DieselGasoil Comments Off on GE shares fall on report alleging its finances are worse than disclosed
(Reuters) – General Electric (GE.N) shares fell as much as 15% on Thursday after fraud investigator Harry Markopolos, who blew the whistle on Bernard Madoff’s Ponzi scheme, said GE was concealing deep financial problems. In a 175-page report, Markopolos accused GE of hiding $38 billion in potential losses and asserted that the company’s cash and Read More

GE shares fall on report that its finances are worse than disclosed

2 days ago DieselGasoil Comments Off on GE shares fall on report that its finances are worse than disclosed
(Reuters) – General Electric (GE.N) shares fell 7.5% on Thursday after Harry Markopolos, the whistleblower in the Bernard Madoff Ponzi scheme case, said GE’s financial filings were masking the depths of its financial problems. FILE PHOTO: The General Electric Co. logo is seen on the company’s corporate headquarters building in Boston, Massachusetts, U.S. July 23, Read More

ICE, Magellan to launch dock capacity auction for Permian crude

3 days ago DieselGasoil Comments Off on ICE, Magellan to launch dock capacity auction for Permian crude
New York — Intercontinental Exchange and Magellan Midstream Partners will launch a dock capacity auction this September for the ICE Permian WTI crude futures contract, the latest in a series of recent auctions designed to hedge the growth of US crude production and exports. Not registered? Receive daily email alerts, subscriber notes & personalize your Read More

Sala exposed to harmful levels of carbon monoxide on board plane

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Footballer Emiliano Sala and his pilot were exposed to harmful levels of carbon monoxide inside the cockpit of their private plane before it crashed in to the Channel in January, air accident investigators said. The plane went down on 21 January off the coast of Guernsey, killing him and his pilot, David Ibbotson. Toxicology tests Read More

ViacomCBS is just the beginning of Shari Redstone’s media deals

4 days ago DieselGasoil Comments Off on ViacomCBS is just the beginning of Shari Redstone’s media deals
NEW YORK (Reuters) – More than two months before CBS Corp (CBS.N) and Viacom Inc (VIAB.O) succeeded at a third attempt to recombine, controlling shareholder Shari Redstone had already decided the new company needed to get bigger. FILE PHOTO: The Viacom office is seen in Hollywood, Los Angeles, California, April 24, 2018. REUTERS/Lucy Nicholson/File Photo Read More

As Barneys struggles, fashion vendors try on alternative channels

4 days ago DieselGasoil Comments Off on As Barneys struggles, fashion vendors try on alternative channels
PARIS/NEW YORK (Reuters) – When fashion label Prada (1913.HK) started demanding greater control over shop floor arrangements in U.S. department stores, Barneys New York, now mired in bankruptcy proceedings, was one of the few with enough swagger to resist. FILE PHOTO: The Barneys New York sign is seen in a display window outside the luxury Read More