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Macy’s shares sink as discounts to clear inventory hurt, tourism drops

3 days ago DieselGasoil Comments Off on Macy’s shares sink as discounts to clear inventory hurt, tourism drops
(Reuters) – Macy’s Inc (M.N) cut its full-year earnings forecast on Wednesday after missing estimates for quarterly profit for the first time in at least two years, as it discounted merchandise heavily to clear spring inventory, sending its shares down as much as 18%. FILE PHOTO: The Macy’s logo is pictured on the side of Read More

Scout24 to explore sale or spin-off of autos platform

4 days ago DieselGasoil Comments Off on Scout24 to explore sale or spin-off of autos platform
MUNICH (Reuters) – German classifieds group Scout24 (G24n.DE) said on Tuesday it would explore a sale or spin-off of its autos platform and borrow more to buy back shares, after facing calls from activist investor Elliott to boost shareholder returns. FILE PHOTO: The headquarters of Scout24, an operator of digital marketplaces for real estate and Read More

Fox Corp beats quarterly profit estimates on higher affiliate fees

1 week ago DieselGasoil Comments Off on Fox Corp beats quarterly profit estimates on higher affiliate fees
NEW YORK (Reuters) – Media company Fox Corp (FOXA.O) reported quarterly results that beat Wall Street estimates on Wednesday, boosted by higher fees collected from cable and satellite operators and online distributors. FILE PHOTO: Lachlan Murdoch, co-chairman and chief executive officer of Fox Corp., attends the annual Allen and Co. Sun Valley media conference in Read More

China’s ban on US agriculture hurts American farmers & Trump’s re-election bid

1 week ago DieselGasoil Comments Off on China’s ban on US agriculture hurts American farmers & Trump’s re-election bid
The loss of China as the fourth largest market for US agricultural exports has put the already weakened sector in danger of further decline, experts warn, despite billions in federal aid already paid and more promised. Chinese companies have stopped buying US agricultural goods, the Commerce Ministry announced on Monday. While farming exports are not Read More

8chan, incels, QAnon: 5 things on the internet DEMONIZED by MSM & what they REALLY are

2 weeks ago DieselGasoil Comments Off on 8chan, incels, QAnon: 5 things on the internet DEMONIZED by MSM & what they REALLY are
Most people never visit the web’s thriving undergrowth, and the mainstream media exploits their ignorance to create Reefer Madness-style boogeymen out of niche subcultures, presenting them as petri dishes of far-right ideology. 8chan MSM view: A site for right-wing domestic terrorists to congregate and plot their shootings, cheer each other on, and upload their blood-thirsty Read More

Elliott calls for break-up and bigger buyback at Germany’s Scout24

2 weeks ago DieselGasoil Comments Off on Elliott calls for break-up and bigger buyback at Germany’s Scout24
FRANKFURT (Reuters) – U.S. activist investor Elliott has urged German classifieds group Scout24 (G24n.DE) to sell its car listings business and ramp up a share buyback program to boost returns to investors. The headquarters of Scout24, an operator of digital marketplaces for real estate and automobiles, is pictured in Munich, Germany July 5, 2019. REUTERS/Michael Read More

Buckeye Partners, L.P. Reports Second Quarter 2019 Financial Results

2 weeks ago DieselGasoil Comments Off on Buckeye Partners, L.P. Reports Second Quarter 2019 Financial Results
HOUSTON, Aug. 01, 2019 (GLOBE NEWSWIRE) — Buckeye Partners, L.P. (“Buckeye”) (NYSE: BPL) today reported its financial results for the second quarter of 2019. Net income attributable to Buckeye was $90.0 million for the second quarter of 2019 compared to $91.9 million for the second quarter of 2018. Adjusted EBITDA (as defined below) for the second Read More

Takeaway.com lands $10 billion Just Eat deal in food delivery race

3 weeks ago DieselGasoil Comments Off on Takeaway.com lands $10 billion Just Eat deal in food delivery race
LONDON/AMSTERDAM (Reuters) – Amsterdam-based Takeaway.com (TKWY.AS) has agreed to buy Just Eat (JE.L) in an 8.2 billion pound ($10.1 billion) deal to create the world’s largest online food delivery firm outside China in a race to rule the $100 billion market. A combined Takeaway and Just Eat would rival Uber Eats (UBER.N) and would have Read More

Sharc Energy System Announces the Sale of Ten SHARC™ Units into China

3 weeks ago DieselGasoil Comments Off on Sharc Energy System Announces the Sale of Ten SHARC™ Units into China
VANCOUVER, British Columbia, July 29, 2019 (GLOBE NEWSWIRE) — Sharc International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) (“SHARC” or “the Company”) is pleased to announce that the Company has entered into an agreement with RER Technologies Inc. (“RER”) to sell ten SHARC™ units (“Units”) into People’s Republic of China with exclusive use with Read More

Amazon plans imminent launch of online food delivery service in India: sources

3 weeks ago DieselGasoil Comments Off on Amazon plans imminent launch of online food delivery service in India: sources
BENGALURU (Reuters) – Amazon.com Inc is planning a foray into the burgeoning online food delivery business in India this year, two sources aware of the development said, in a move that could raise competition in an increasingly crowded market. FILE PHOTO: The Amazon logo at the company logistics centre in Boves, France, August 8, 2018. Read More