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Fitch, Moody’s cut Boeing’s debt outlook to ‘negative’ on 737 MAX problems

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(Reuters) – Fitch Ratings and Moody’s lowered their outlooks for Boeing Co (BA.N) to “negative” from “stable” on Monday, citing delays in its 737 MAX jets’ return to service. FILE PHOTO: Grounded Boeing 737 MAX aircraft are seen parked in an aerial photo at Boeing Field in Seattle, Washington, U.S. July 1, 2019. Picture taken Read More

Union Pacific cost cuts sheltered profit amid freight slowdown

4 days ago DieselGasoil Comments Off on Union Pacific cost cuts sheltered profit amid freight slowdown
(Reuters) – Union Pacific Corp (UNP.N) on Thursday reported a quarterly profit that beat Wall Street estimates, as the U.S. railroad operator cut costs and raised rates to overcome disruptions from record floods in the Midwest and ongoing U.S.-China trade tensions. FILE PHOTO: Locomotives at Union Pacific’s Engelwood rail yard wait to return to service Read More

Twelve held over alleged gang rape of Briton in Ayia Napa

4 days ago DieselGasoil Comments Off on Twelve held over alleged gang rape of Briton in Ayia Napa
By Lucia Binding, news reporter A Cyprus court has ordered 12 Israeli tourists to remain in police custody for eight days after a British woman alleged that she was raped. The woman, 19, filed a complaint with police in Ayia Napa on Wednesday morning saying she had been gang-raped the previous night. The suspects, who Read More

Verizon resurrects media business as safe haven on the internet

5 days ago DieselGasoil Comments Off on Verizon resurrects media business as safe haven on the internet
New York (Reuters) – Banning pornography from Tumblr was not necessarily meant to define Verizon Media’s strategy to turn around a collection of Internet has-beens. But that is how it has played out. The Verizon logo is seen on the side of a truck in New York City, U.S., October 13, 2016. REUTERS/Brendan McDermid After Read More

Oil steadies as U.S. supply ramps up after storm

6 days ago DieselGasoil Comments Off on Oil steadies as U.S. supply ramps up after storm
NEW YORK (Reuters) – Oil prices steadied on Tuesday, paring gains as U.S. offshore crude production resumed after Hurricane Barry and tensions between the U.S. and Iran were seen easing. FILE PHOTO: Oil pumps are seen after sunset outside Vaudoy-en-Brie, near Paris, France November 14, 2018. REUTERS/Christian Hartmann Uncertainty about China’s economic prospects also pressured Read More

Oil firms as U.S. supply concerns ease but Iran tension lingers

7 days ago DieselGasoil Comments Off on Oil firms as U.S. supply concerns ease but Iran tension lingers
LONDON (Reuters) – Oil prices rose on Tuesday as a resumption of output in the Gulf of Mexico after Hurricane Barry and a boom in U.S. supply due to shale oil countered tensions in the Middle East. FILE PHOTO: Oil pumps are seen after sunset outside Vaudoy-en-Brie, near Paris, France November 14, 2018. REUTERS/Christian Hartmann Read More

Oil steadies as U.S. supply concerns ease, Iran tension unresolved

7 days ago DieselGasoil Comments Off on Oil steadies as U.S. supply concerns ease, Iran tension unresolved
LONDON (Reuters) – Oil prices steadied on Tuesday as a resumption of output in the Gulf of Mexico after Hurricane Barry and a boom in U.S. supply due to shale oil countered tensions in the Middle East. FILE PHOTO: Oil pumps are seen after sunset outside Vaudoy-en-Brie, near Paris, France November 14, 2018. REUTERS/Christian Hartmann Read More

High and dry: Alpine resorts grapple with climate change

7 days ago DieselGasoil Comments Off on High and dry: Alpine resorts grapple with climate change
AROSA, Switzerland (Reuters) – The prospect of searing heatwaves driving holidaymakers to cool mountains and children asking grandparents about their memories of snow is focusing minds in Alpine ski resorts on the implications of climate change. Parts of the Gurschengletscher glacier are covered with tarps in Andermatt, Switzerland July 5, 2019. REUTERS/Arnd Wiegmann With global Read More