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Belarus halts transit of Russian crude to Poland & on to Europe, cites quality concerns

8 hours ago DieselGasoil Comments Off on Belarus halts transit of Russian crude to Poland & on to Europe, cites quality concerns
The transfer of Russian crude oil into Poland and further into Europe through one of the pipeline branches going through Belarus has been suspended after Warsaw refused to process the oil in its refineries citing its poor quality. Poland has stopped accepting Russian crude arriving through Belarus at the Adamovo hub since 10.00 pm Warsaw Read More

Occidental Makes Superior Proposal to Acquire Anadarko

1 day ago DieselGasoil Comments Off on Occidental Makes Superior Proposal to Acquire Anadarko
$76.00 Per Share Cash and Stock Proposal Represents Premium of Approximately 20% to Current Value of Transaction Accepted by Anadarko Would Create a $100+ Billion Global Energy Leader with over 1.4 Million Boe/d of Production to Drive Significant Value and Returns for Occidental and Anadarko Shareholders Expected to Be Accretive to Cash Flow and Free Read More

Samsung plans $116 billion investment in non-memory chips to challenge TSMC, Qualcomm

1 day ago DieselGasoil Comments Off on Samsung plans $116 billion investment in non-memory chips to challenge TSMC, Qualcomm
SEOUL (Reuters) – Samsung Electronics Co Ltd plans to invest $116 billion in non-memory chips through 2030, to cut its reliance on the volatile memory chip market and develop chips to power self-driving cars and AI-enabled devices. FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul, South Korea, March Read More

Wirecard lands $1 billion investment from Japan’s Softbank

1 day ago DieselGasoil Comments Off on Wirecard lands $1 billion investment from Japan’s Softbank
BERLIN (Reuters) – Japan’s Softbank Group Corp will buy a 5.6 percent stake in Wirecard for around 900 million euros ($1 billion), the German company said on Wednesday, joining forces in the digital payments sector. FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, Read More

Coke Zero Sugar, new flavors lift Coca-Cola results; shares rise

2 days ago DieselGasoil Comments Off on Coke Zero Sugar, new flavors lift Coca-Cola results; shares rise
(Reuters) – Strong demand for Coca-Cola Co’s zero-calorie drink Coke Zero Sugar, new orange-vanilla cola and flavored waters pushed the beverage maker’s quarterly sales and profit well above Wall Street estimates, sending its shares up as much as 3 percent on Tuesday. FILE PHOTO: Cans of Coca-Cola are pictured in the refrigerator during an event Read More

P&G operating margin, grooming product sales dip on strong dollar; shares drop

2 days ago DieselGasoil Comments Off on P&G operating margin, grooming product sales dip on strong dollar; shares drop
(Reuters) – Procter & Gamble Co reported a decline in its third-quarter operating margin on Tuesday and said a strong U.S. dollar hurt sales of its grooming products, sending shares of the maker of Tide and Gillette products down as much as 3.3% in morning trading. FILE PHOTO: The logo for Procter & Gamble Co. Read More

Coke Zero, new flavors lift Coca-Cola results; shares rise

2 days ago DieselGasoil Comments Off on Coke Zero, new flavors lift Coca-Cola results; shares rise
(Reuters) – Strong demand for Coca-Cola Co’s low-calorie Coke Zero, new orange-vanilla cola and flavored waters pushed the beverage maker’s quarterly sales and profit well above Wall Street estimates, sending its shares up 2.2 percent on Tuesday. FILE PHOTO: Cans of Coca-Cola are pictured in the refrigerator during an event in Paris, France, March 21, Read More

Franklin Electric Reports First Quarter 2019 Sales and Earnings

2 days ago DieselGasoil Comments Off on Franklin Electric Reports First Quarter 2019 Sales and Earnings
FORT WAYNE, Ind., April 23, 2019 (GLOBE NEWSWIRE) — Franklin Electric Co., Inc. (NASDAQ: FELE) reported first quarter 2019 GAAP fully diluted earnings per share (EPS) of $0.19, versus a GAAP fully diluted EPS in the first quarter 2018 of $0.45.  First quarter 2019 sales were $290.7 million, compared to 2018 first quarter sales of Read More

Sodas, waters drive Coca-Cola sales beat

2 days ago DieselGasoil Comments Off on Sodas, waters drive Coca-Cola sales beat
(Reuters) – Coca-Cola Co’s quarterly sales and profit beat Wall Street estimates on Tuesday, as it sold more of its water and soft drinks including its signature soda and Coke Zero, sending its shares up about 4 percent before the bell. FILE PHOTO: Cans of Coca-Cola are pictured in the refrigerator during an event in Read More

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

2 days 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