newszine

Kraft Heinz’s new CEO looks beyond cost-cutting, big M&A

3 hours ago DieselGasoil Comments Off on Kraft Heinz’s new CEO looks beyond cost-cutting, big M&A
CHICAGO (Reuters) – Kraft Heinz Co’s incoming chief executive, Miguel Patricio, is indicating a change in strategy for the packaged food company that could move it away from the aggressive cost-focused culture that has been in place since the company was created in 2015. FILE PHOTO: Commemorative items for sale are on display at the Read More

Range Announces First Quarter 2019 Financial Results

7 hours ago DieselGasoil Comments Off on Range Announces First Quarter 2019 Financial Results
FORT WORTH, Texas, April 22, 2019 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its first quarter 2019 financial results.  Highlights – GAAP cash flow provided from operating activities of $261 million, and non-GAAP cash flow of $269 million GAAP net income of $1.4 million ($0.01 per diluted share), and non-GAAP net income Read More

Franklin Electric Declares Payment of Quarterly Cash Dividend

16 hours ago DieselGasoil Comments Off on Franklin Electric Declares Payment of Quarterly Cash Dividend
FORT WAYNE, Ind., April 22, 2019 (GLOBE NEWSWIRE) — Franklin Electric Co., Inc. (NASDAQ: FELE) announced today that its Board of Directors declared a quarterly cash dividend of $0.145 per share payable May 16, 2019, to shareholders of record on May 2, 2019.  Franklin Electric is a global leader in the production and marketing of Read More

Chrysaor to acquire ConocoPhillips’ UK oil and gas business for $2.675 billion

4 days ago DieselGasoil Comments Off on Chrysaor to acquire ConocoPhillips’ UK oil and gas business for $2.675 billion
4/18/2019 Photo: Chrysaor CEO Phil Kirk. LONDON — Chrysaor Holdings Limited is to acquire ConocoPhillips’ UK oil and gas business for $2.675 billion. The assets being acquired produced approximately 72,000 boepd in 2018. This acquisition increases Chrysaor’s pro forma 2018 production to 177,000 boepd, making Chrysaor one of the largest oil and gas producers in Read More

Schlumberger posts profit drop, sees international spending rising

5 days ago DieselGasoil Comments Off on Schlumberger posts profit drop, sees international spending rising
(Reuters) – Oilfield services provider Schlumberger NV on Thursday forecast rising international and offshore exploration spending this year, after posting a 20 percent drop in first-quarter profit due to weak North American demand. FILE PHOTO: The exterior of a Schlumberger Corporation building is pictured in West Houston January 16, 2015. REUTERS/Richard Carson The oilfield services Read More

Explainer: How 5G drove moves by Apple, Qualcomm and Intel

5 days ago DieselGasoil Comments Off on Explainer: How 5G drove moves by Apple, Qualcomm and Intel
SAN FRANCISCO (Reuters) – Apple Inc and Qualcomm Inc on Tuesday settled an acrimonious two-year legal dispute. Shortly afterward, Intel Corp said it will exit the smartphone modem chip business. FILE PHOTO: Silhouette of mobile user is seen next to a screen projection of Apple logo in this picture illustration taken March 28, 2018. REUTERS/Dado Read More

Ford forecasts $1 billion profit improvement from Michigan truck plant

5 days ago DieselGasoil Comments Off on Ford forecasts $1 billion profit improvement from Michigan truck plant
DETROIT (Reuters) – Ford Motor Co’s shift in production at a Michigan plant to trucks from less profitable cars will lead to a more than $1 billion improvement in operating earnings, an official at the No. 2 U.S. automaker said on Wednesday. FILE PHOTO: The Ford logo is seen at the North American International Auto Read More

Bridgewater warns of peak U.S. profit margins, lower stock prices

6 days ago DieselGasoil Comments Off on Bridgewater warns of peak U.S. profit margins, lower stock prices
(Reuters) – The major drivers of high U.S. corporate profit margins are unsustainable and “now under threat”, which will eventually result in much lower equity prices, Bridgewater Associates, the world’s largest hedge fund, said on Wednesday in a report. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New Read More

Power play: pumped hydro eyes path through Australia’s climate wars

6 days ago DieselGasoil Comments Off on Power play: pumped hydro eyes path through Australia’s climate wars
KIDSTON, Australia (Reuters) – At an abandoned gold mine in Australia’s outback, plans are being laid for a large-scale renewable energy project generating continuous power, but its fate may sway on the outcome of next month’s national election. A view of Genex Power’s 50 megawatt Kidston solar farm, part of a planned renewable energy project Read More

Oil’s facing odds of demand worsening before getting better

7 days ago DieselGasoil Comments Off on Oil’s facing odds of demand worsening before getting better
By Serene Cheong on 4/16/2019 SINGAPORE (Bloomberg) — Oil’s march back toward a four-year high is now facing some roadblocks in the form of demand in Asia, though the path may clear to allow further gains later this year. While the current rally in global benchmark prices to over $71/bbl will put pressure on government Read More