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General Electric insurance called ‘risky’ by Fitch; shares fall again

4 hours ago DieselGasoil Comments Off on General Electric insurance called ‘risky’ by Fitch; shares fall again
NEW YORK (Reuters) – General Electric Co (GE.N) ranks among the riskiest backers of long-term care insurance, suffering from both high exposure to claims and a relatively small cash pile to pay them, Fitch Ratings said in a report on Tuesday that sent GE’s shares tumbling. FILE PHOTO: The General Electric Co. logo is seen Read More

Amazon burning: Brazil reports record forest fires

5 hours ago DieselGasoil Comments Off on Amazon burning: Brazil reports record forest fires
BRASILIA (Reuters) – Wildfires raging in the Amazon rainforest have hit a record number this year, with 72,843 fires detected so far by Brazil’s space research center INPE, as concerns grow over right-wing President Jair Bolsonaro’s environmental policy. Smoke from fires in Porto Velho, Rondonia, a northern Brazilian state on the border with the Amazonian Read More

Home Depot beats quarterly profit estimates, warns of tariff impact

8 hours ago DieselGasoil Comments Off on Home Depot beats quarterly profit estimates, warns of tariff impact
(Reuters) – Home Depot Inc (HD.N) beat quarterly profit estimates on Tuesday as it sold more big-ticket items to high-spending builders and handymen, while flagging the potential impact of U.S. President Donald Trump’s ongoing trade tussle with China on consumers. FILE PHOTO: A Home Depot delivery truck drives on Wall St. in New York City, Read More

Israeli pipeline could boost Europe-Asia crude supply options

10 hours ago DieselGasoil Comments Off on Israeli pipeline could boost Europe-Asia crude supply options
Highlights EAPC eyes broader crude transit role 600,000 b/d crude line offers Suez, SUMED alternative Middle East incidents see producers reassess supply routes London — Expanding Israeli pipeline and storage operations between the Mediterranean and Red Sea could benefit from changing crude and product flows and heightened security of supply issues across the Middle East. Read More

Spectrum Global Solutions, Inc. Engages MZ Group to Lead Strategic Investor Relations and Shareholder Communication Program

10 hours ago DieselGasoil Comments Off on Spectrum Global Solutions, Inc. Engages MZ Group to Lead Strategic Investor Relations and Shareholder Communication Program
LONGWOOD, FL, Aug. 20, 2019 (GLOBE NEWSWIRE) — Spectrum Global Solutions, Inc. (the “Company” or “Spectrum”) (OTCQB: SGSI), a leading single-source provider of next-generation communications network infrastructure and maintenance solutions, has engaged investor relations specialists MZ Group (MZ) to lead a comprehensive strategic investor relations and financial communications program across all key markets. MZ Group Read More

RigNet’s Intelie Delivers Machine Learning-Based Analytics for Advanced Drilling Operations

11 hours ago DieselGasoil Comments Off on RigNet’s Intelie Delivers Machine Learning-Based Analytics for Advanced Drilling Operations
HOUSTON, Aug. 20, 2019 (GLOBE NEWSWIRE) — RigNet (NASDAQ: RNET), the leading provider of ultra-secure, intelligent networking solutions, announced today that Ocyan, one of Brazil’s largest providers of solutions for the upstream oil and gas industry, has signed a multi-year agreement and selected Intelie Live, RigNet’s machine learning-based analytics platform, to be used at their Read More

Elanco to become No.2 in animal health with $7.6 billion Bayer deal

12 hours ago DieselGasoil Comments Off on Elanco to become No.2 in animal health with $7.6 billion Bayer deal
(Reuters) – Elanco Animal Health (ELAN.N) agreed to buy Bayer’s (BAYGn.DE) veterinary drugs unit on Tuesday in a cash and stock deal valued at $7.6 billion, creating the second largest animal health business and expanding Elanco’s reach online. FILE PHOTO: Elanco Animal Health Inc. President and CEO Jeff Simmons, speaks during an interview at the Read More

Inverted what? Searches for obscure financial term spike on Google

12 hours ago DieselGasoil Comments Off on Inverted what? Searches for obscure financial term spike on Google
(Reuters) – Inverted what? FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., August 14, 2019. REUTERS/Eduardo Munoz Searches on Google for “inverted yield curve” have spiked after the unusual bond market phenomenon presented itself last week for the first time in over 12 years and Read More