newszine

U.S. refiners planning major plant overhauls in second quarter

4 days ago DieselGasoil Comments Off on U.S. refiners planning major plant overhauls in second quarter
HOUSTON (Reuters) – U.S. oil refiners are planning a heavy slate of plant overhauls in the second quarter, with total production this month off 8.5 percent compared with the start of the year, according to data from the U.S. Energy Information Administration. FILE PHOTO: The British Petroleum oil Refinery is seen in Whiting, Indiana, August Read More

Despite headwind, Japan’s Nomura says intent on going it alone

4 days ago DieselGasoil Comments Off on Despite headwind, Japan’s Nomura says intent on going it alone
TOKYO (Reuters) – Japan’s Nomura Holdings has no plan to follow the lead of Wall Street rivals and seek a tie-up with a commercial lender, its chief executive told Reuters, pledging to stay independent even as the investment bank faces its first annual loss in a decade. FILE PHOTO: Investors stand in front of a Read More

U.S. lawmakers to get long-awaited analysis of new NAFTA deal

4 days ago DieselGasoil Comments Off on U.S. lawmakers to get long-awaited analysis of new NAFTA deal
(Reuters) – U.S. lawmakers and economists are awaiting a key analysis of the economic impacts of the new North American trade deal, expected to be published late on Thursday and to show minimal gains at best for the United States. FILE PHOTO: Flags are pictured during the fifth round of NAFTA talks involving the United Read More

Union Pacific operational overhaul gains traction, shares rise

4 days ago DieselGasoil Comments Off on Union Pacific operational overhaul gains traction, shares rise
(Reuters) – U.S. railroad operator Union Pacific Corp on Thursday reported better-than-expected quarterly profit as price increases and cost controls offset the impact of severe winter weather and record flooding that damaged rails in the Midwest. FILE PHOTO: A Union Pacific rail car is parked at a Burlington National Santa Fe (BNSF) train yard in Read More

ABB CEO steps down abruptly in middle of group’s overhaul

6 days ago DieselGasoil Comments Off on ABB CEO steps down abruptly in middle of group’s overhaul
ZURICH (Reuters) – ABB Chief Executive Ulrich Spiesshofer has quit the Swiss industrial group as the board and major shareholders look for a speedier turnaround at the maker of industrial robots and supplier of factory automation. FILE PHOTO: Ulrich Spiesshofer addresses ABB’s annual news conference in Zurich, Switzerland February 28, 2019. REUTERS/Arnd Wiegmann/File Photo Spiesshofer’s Read More

ABB seeks new chief executive after Spiesshofer’s surprise departure

6 days ago DieselGasoil Comments Off on ABB seeks new chief executive after Spiesshofer’s surprise departure
ZURICH (Reuters) – ABB Chief Executive Ulrich Spiesshofer has quit the Swiss engineering group in a surprise move for a company which is in the midst of a strategic overhaul to focus more on digital industries. FILE PHOTO: Ulrich Spiesshofer addresses ABB’s annual news conference in Zurich, Switzerland February 28, 2019. REUTERS/Arnd Wiegmann/File Photo Chairman Read More

No-frills no longer: GM’s China brand Baojun attempts a major makeover

6 days ago DieselGasoil Comments Off on No-frills no longer: GM’s China brand Baojun attempts a major makeover
LIUZHOU, China/BEIJING (Reuters) – By many measures, General Motors’ China brand Baojun has been an exceptional success story, growing at breakneck speed by selling low-cost no-frills vehicles in smaller cities and rural areas. Employees work on Baojun RS-5 cars at a final assembly plant operated by General Motors Co and its local joint-venture partners in Read More

Grounded 6 times in 4 months: Berlin crash-landing is latest woe to strike German govt fleet

7 days ago DieselGasoil Comments Off on Grounded 6 times in 4 months: Berlin crash-landing is latest woe to strike German govt fleet
A German government plane crash-landed in Berlin on Tuesday, blocking the runway and causing airport delays as a growing list of technical faults plagues the official fleet. The Luftwaffe’s Global 5000 jet reportedly experienced technical issues shortly after take off on Tuesday and had a traumatic landing at Berlin’s Schoenefeld airport. While no politicians were Read More

Goldman offers fresh details on overhaul progress as revenue slides

1 week ago DieselGasoil Comments Off on Goldman offers fresh details on overhaul progress as revenue slides
(Reuters) – Goldman Sachs Group Inc offered new tidbits about its sweeping operational overhaul when reporting first-quarter results on Monday, but investors focused on revenue declines across nearly all its main businesses, sending shares lower. FILE PHOTO: The ticker symbol and logo for Goldman Sachs is displayed on a screen on the floor at the Read More

EU countries back copyright reform targeting Google, Facebook

1 week ago DieselGasoil Comments Off on EU countries back copyright reform targeting Google, Facebook
FILE PHOTO: A 3D plastic representation of the Facebook logo is seen in front of displayed cables in this illustration in Zenica, Bosnia and Herzegovina May 13, 2015. REUTERS/Dado Ruvic/File Photo BRUSSELS (Reuters) – The European Union’s bid to overhaul its two-decade old copyright rules cleared its final hurdle on Monday as EU governments backed Read More