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Tesla’s Musk ‘sees merit’ in capital raise, vows profit in third quarter after large loss

4 hours ago DieselGasoil Comments Off on Tesla’s Musk ‘sees merit’ in capital raise, vows profit in third quarter after large loss
(Reuters) – Tesla Inc Chief Executive Elon Musk suggested on Wednesday a capital raise could be imminent, as the electric vehicle maker lost $700 million in the first quarter and predicted a return to profit in the third. FILE PHOTO: A Tesla logo is seen at a groundbreaking ceremony of Tesla Shanghai Gigafactory in Shanghai, Read More

Tesla promises return to profit in third quarter after large loss, may raise more capital

6 hours ago DieselGasoil Comments Off on Tesla promises return to profit in third quarter after large loss, may raise more capital
(Reuters) – Tesla Inc lost $700 million in the first quarter but predicted it would return to profit in the third quarter as it cuts costs and improves delivery after facing issues ramping up shipments outside the United States. FILE PHOTO: A Tesla logo is seen at a groundbreaking ceremony of Tesla Shanghai Gigafactory in Read More

Three-year-old migrant boy found alone and in tears near US border

9 hours ago DieselGasoil Comments Off on Three-year-old migrant boy found alone and in tears near US border
A three-year-old migrant boy was found wandering alone in a Texas cornfield near the US-Mexico border. The boy, in tears, was discovered in the Rio Grande Valley near Brownsville by US Border Patrol agents on Tuesday morning. Officials said his name and a telephone number were written on his shoes. The US Customs and Border Read More

Boeing axes 210 orders after India’s Jet stops flying

11 hours ago DieselGasoil Comments Off on Boeing axes 210 orders after India’s Jet stops flying
(Reuters) – Boeing Co removed 210 aircraft from its order backlog and took an impairment charge over customer financing losses on Wednesday following the near-collapse of India’s Jet Airways. FILE PHOTO: The Boeing logo is seen at their headquarters in Chicago, in this April 24, 2013 file photo. REUTERS/Jim young/File Photo/File Photo The adjustment pushed Read More

Boeing abandons financial outlook, sees $1 billion in extra cost on 737 MAX

13 hours ago DieselGasoil Comments Off on Boeing abandons financial outlook, sees $1 billion in extra cost on 737 MAX
(Reuters) – Boeing Co on Wednesday abandoned its 2019 financial outlook, halted share buybacks and said lowered production due to the grounding of its fastest-selling 737 MAX jet after two fatal plane crashes in five months had cost it at least $1 billion so far. FILE PHOTO: An aerial photo shows Boeing 737 MAX airplanes Read More

Boeing hives off 210 orders after Jet halts operations

14 hours ago DieselGasoil Comments Off on Boeing hives off 210 orders after Jet halts operations
FILE PHOTO: The Boeing logo is seen at their headquarters in Chicago, in this April 24, 2013 file photo. Boeing Co on April 27, 2016, reported a 9 percent drop in first-quarter profit, citing an after-tax charge from the KC-46 aerial refueling tanker it is developing for the U.S. Air Force. REUTERS/Jim young (Reuters) – Read More

Notice of annual general meeting in Matra Petroleum AB (publ)

21 hours ago DieselGasoil Comments Off on Notice of annual general meeting in Matra Petroleum AB (publ)
The shareholders of Matra Petroleum AB (publ), reg. no. 559082-2689, (the “Company”) are hereby invited to the annual general meeting on Thursday 23 May 2019 at 16.00 pm CET at Baker & McKenzies premises at Vasagatan 7 in Stockholm. The doors to the meeting will open at 15.45 pm CET. Right to attend and notificationShareholders Read More

Australian retail shareholder group says to vote against AMP pay proposals

23 hours ago DieselGasoil Comments Off on Australian retail shareholder group says to vote against AMP pay proposals
SYDNEY (Reuters) – Australia’s most prominent retail shareholder group said on Wednesday it will vote against AMP Ltd’s executive pay proposals for a second straight year, adding to pressure on the board of the country’s largest listed wealth manager. FILE PHOTO: The logo of AMP Ltd, Australia’s biggest retail wealth manager, adorns their head office Read More

South Korea proposes $5.9 billion extra budget to fight air pollution, aid exports

1 day ago DieselGasoil Comments Off on South Korea proposes $5.9 billion extra budget to fight air pollution, aid exports
SEJONG, South Korea (Reuters) – South Korea on Wednesday unveiled a proposed 6.7 trillion won ($5.87 billion) supplementary budget the government says is needed to tackle unprecedented air pollution levels and boost exports bruised by weak demand. FILE PHOTO: Cho Eun-hye (R) and her one-and-a-half-year-old Korean Jindo dog Hari, both wearing masks, go for a Read More