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Bombardier exits commercial aviation with sale of regional jet business to Mitsubishi

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(Reuters) – Bombardier Inc said on Tuesday it will sell its money-losing regional jet business to Japan’s Mitsubishi Heavy Industries Ltd (MHI) for $550 million in cash, in a deal marking the Canadian plane and train maker’s exit from commercial aviation. FILE PHOTO: Bombardier’s logo is seen on the building of the company’s service centre Read More

PG&E bondholders propose bankruptcy exit plan worth up to $30 billion

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SAN FRANCISCO (Reuters) – A committee of bondholders of PG&E Corp’s utility unit on Tuesday proposed a bankruptcy reorganization plan that would inject up to $30 billion to help the California power provider emerge from Chapter 11 and pay off its liability from wildfires. FILE PHOTO: A PG&E truck carrying an American Flag drives past Read More

GasLog Ltd. and GasLog Partners LP Announce Agreement to Eliminate Incentive Distribution Rights

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Monaco, June 24, 2019 (GLOBE NEWSWIRE) — GasLog Ltd. (“GasLog”, the “General Partner”, or the “GP”) (NYSE: GLOG) and GasLog Partners LP (“GasLog Partners” or the “Partnership”) (NYSE: GLOP) announced today an agreement to eliminate the GP’s incentive distribution rights (“IDRs”) in exchange for newly issued limited partner (“LP”) units. In exchange for the IDRs, Read More

California governor proposes a $21 billion wildfire fund

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LOS ANGELES (Reuters) – California Governor Gavin Newsom has proposed helping utilities create a fund of up to $21 billion to compensate future victims of wildfires sparked by the companies’ equipment or employees, an aide said on Friday. FILE PHOTO: Firefighters keep watch on the Thomas wildfire in the hills and canyons outside Montecito, California, Read More

PGS ASA: Implementation of 2019 Employee Long-term Incentive Plan

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June 21, 2019: Oslo, Norway, PGS (or “the Company”) announces that the 2019 long term incentive plan, as approved by the Annual General Meeting on April 24, 2019, has now been implemented by allocating 2 249 300 Performance based Restricted Stock Units (“PRSUs”). The awards are based on amongst other considerations the position in the Read More

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

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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

PGS and TGS Announce Jeanne d’Arc HD3D in Offshore East Canada

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June 19, 2019: Oslo, Norway, PGS and TGS announce the Jeanne d’Arc High Density 3D (“HD3D”) MultiClient project in Offshore Newfoundland, East Canada. The project will cover approximately 5,000 square kilometers and encompasses multiple exploration licenses, significant discovery licenses and sections of the open acreage included in the November 2019 bid round. The Ramform Atlas Read More

US seeing ‘historic’ compliance with Iran oil sanctions: State official

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Washington — The Trump administration is seeing “historic” compliance with Iran sanctions and the US continues to drive Iranian oil exports to zero, Brian Hook, the US Department of State’s special representative for Iran, told a House of Representatives Foreign Affairs Committee subcommittee Wednesday. Not registered? Receive daily email alerts, subscriber notes & personalize your Read More