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Kinder Morgan wins Texas court challenge, removing obstacle to $2 billion gas pipeline

2 hours ago DieselGasoil Comments Off on Kinder Morgan wins Texas court challenge, removing obstacle to $2 billion gas pipeline
DENVER/HOUSTON (Reuters) – Kinder Morgan Inc can begin work on a $2 billion natural gas pipeline without having the Texas energy regulator approve its proposed route, a state judge ruled on Tuesday. FILE PHOTO: Helmets line a shelf in a control room at Kinder Morgan’s Westridge Terminal on Burrard Inlet in Burnaby, British Columbia, Canada Read More

Powell says Fed insulated from politics, wrestling with rate cuts

8 hours ago DieselGasoil Comments Off on Powell says Fed insulated from politics, wrestling with rate cuts
NEW YORK (Reuters) – Federal Reserve Chairman Jerome Powell on Tuesday said the U.S. central bank is “insulated from short-term political pressures,” and that its policymakers are wrestling with whether to cut interest rates as President Donald Trump has demanded. FILE PHOTO: Federal Reserve Chairman Jerome Powell holds a news conference following a two-day Federal Read More

Powell says Fed is wrestling with whether to cut rates, insulated from politics

9 hours ago DieselGasoil Comments Off on Powell says Fed is wrestling with whether to cut rates, insulated from politics
NEW YORK (Reuters) – Federal Reserve Chairman Jerome Powell on Tuesday said the U.S. central bank is “insulated from short-term political pressures,” as policymakers wrestle with whether to cut rates as President Donald Trump has demanded. FILE PHOTO: Federal Reserve Chairman Jerome Powell holds a news conference following a two-day Federal Open Market Committee meeting Read More

Essential Energy Services Provides a Patent Litigation Update

11 hours ago DieselGasoil Comments Off on Essential Energy Services Provides a Patent Litigation Update
CALGARY, Alberta, June 25, 2019 (GLOBE NEWSWIRE) — Essential Energy Services Ltd. (TSX: ESN) (“Essential” or the “Company”) provides an update with regards to the patent litigation. As previously disclosed, on April 25, 2019, the Federal Court of Appeal released its decision (the “Appeal Decision”) dismissing the appeal filed by Packers Plus Energy Services Inc. Read More

Murder suspect slashes own throat during trial

17 hours ago DieselGasoil Comments Off on Murder suspect slashes own throat during trial
By Tom Gillespie, news reporter A man accused of killing and dismembering a 24-year-old woman slashed his neck and fell from his wheelchair during his murder trial. Aubrey Trail and Bailey Boswell have been charged with first-degree murder following the death of Sydney Loofe in 2017. Just before harming himself in court on Monday, Trail Read More

Hudson’s Bay’s chairman’s buyout bid pits retail versus real estate

3 days ago DieselGasoil Comments Off on Hudson’s Bay’s chairman’s buyout bid pits retail versus real estate
(Reuters) – The success of Hudson’s Bay Co Executive Chairman Richard Baker’s $1.3 billion bid to take the department store operator private hinges on whether an independent valuator will view the company more as a retailer and less as a real estate owner, corporate governance experts and analysts said. FILE PHOTO – U.S. flags fly Read More

Petrobras Parties Pay Vantage Drilling Parties $700.9 million to satisfy Arbitration Award and related U.S. Judgment

4 days ago DieselGasoil Comments Off on Petrobras Parties Pay Vantage Drilling Parties $700.9 million to satisfy Arbitration Award and related U.S. Judgment
HOUSTON, June 21, 2019 (GLOBE NEWSWIRE) — Vantage Drilling International (“Vantage” or the “Company”) announced today that Petrobras Venezuela Investments & Services, BV (“PVIS”), a subsidiary of Petroleo Brasileiro S.A (“Petrobras”), entered into an agreement with Vantage Deepwater Company (“VDEEP”), a wholly-owned subsidiary of Vantage, pursuant to which PVIS paid VDEEP approximately $690.8 million to Read More

U.S. judge tosses former SAC Capital trader’s insider trading guilty plea

4 days ago DieselGasoil Comments Off on U.S. judge tosses former SAC Capital trader’s insider trading guilty plea
NEW YORK (Reuters) – A federal judge in Manhattan on Friday threw out the 2013 insider trading guilty plea of a former trader at SAC Capital Advisors LP, the hedge fund once run by billionaire Steven A. Cohen, saying recent changes in the law meant there were not enough facts to support the plea. FILE Read More

Four U.S. states join lawsuit to stop T-Mobile-Sprint deal

4 days ago DieselGasoil Comments Off on Four U.S. states join lawsuit to stop T-Mobile-Sprint deal
NEW YORK (Reuters) – Four more U.S. states joined an unusual effort by state attorneys general to stop T-Mobile US Inc’s acquisition of Sprint Corp, a New York official said at a court hearing on Friday. FILE PHOTO: A smartphone with Sprint logo are seen in front of a screen projection of T-mobile logo, in Read More