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Boeing withdraws 2019 financial forecast & pauses share buybacks amid mounting concerns over 737 MAX

3 hours ago DieselGasoil Comments Off on Boeing withdraws 2019 financial forecast & pauses share buybacks amid mounting concerns over 737 MAX
The yet unresolved issues surrounding Boeing’s once best-selling 737 MAX aircraft have forced the world’s biggest aerospace corporation to pull its full financial forecast for the current year. Moreover, Boeing announced plans to pause share buybacks, citing “a challenging time for our customers, stakeholders and the company.” “Across the company, we are focused on safety, Read More

Credit Suisse lifts profit with surprise equity trading gains

8 hours ago DieselGasoil Comments Off on Credit Suisse lifts profit with surprise equity trading gains
ZURICH (Reuters) – Credit Suisse set a positive tone for this quarter’s European bank results on Wednesday, lifting its net profit as gains in equities and deeper ties between trading and private banking helped offset lower revenue. FILE PHOTO: The Credit Suisse logo is pictured on a bank in Geneva, Switzerland, October 17, 2017. REUTERS/Denis Read More

Adding to Ghosn woes, Nissan slashes profit outlook to near-decade low

11 hours ago DieselGasoil Comments Off on Adding to Ghosn woes, Nissan slashes profit outlook to near-decade low
TOKYO (Reuters) – Nissan Motor Co slashed its full-year profit forecast to its lowest in nearly a decade due to weakness in the United States, just as it adjusts to life without Carlos Ghosn and charts its future with alliance partner Renault SA. FILE PHOTO: A Nissan logo is pictured during the media day for Read More

Adding to Ghosn woes, Nissan set to further slash profit outlook: report

13 hours ago DieselGasoil Comments Off on Adding to Ghosn woes, Nissan set to further slash profit outlook: report
TOKYO (Reuters) – Nissan Motor Co Ltd could be heading for a bigger-than-expected earnings drop due to weakness in its top markets, just as it adjusts to a future without Carlos Ghosn and grapples with the outlook of its alliance with France’s Renault SA. FILE PHOTO: A Nissan logo is pictured during the media day Read More

Tesla upgrades Model S, X cars, brings backs cheaper variants

14 hours ago DieselGasoil Comments Off on Tesla upgrades Model S, X cars, brings backs cheaper variants
FILE PHOTO: A Tesla logo is seen in Los Angeles, California U.S. January 12, 2018. REUTERS/Lucy Nicholson/File Photo (Reuters) – Tesla Inc, struggling with delay in delivery of its higher-priced Model S and X luxury cars, said on Tuesday it will bring back lower-priced options for those cars and roll out upgrades to improve their Read More

Kenneth Collins joins OspreyData as V.P. of production optimization and services

18 hours ago DieselGasoil Comments Off on Kenneth Collins joins OspreyData as V.P. of production optimization and services
4/23/2019 Photo: Kenneth Collins, V.P. of production optimization & services, OspryData. HOUSTON — OspreyData, leader in AI-based production optimization solutions for oil & gas, announced that Kenneth Collins has joined as V.P. of product optimization & services. Collins is a seasoned oil & gas executive who brings 25 years of experience in all areas of Read More

Lawsuit says Tyson, Cargill, JBS conspired to suppress beef prices paid to U.S. ranchers

20 hours ago DieselGasoil Comments Off on Lawsuit says Tyson, Cargill, JBS conspired to suppress beef prices paid to U.S. ranchers
(Reuters) – Four of the largest U.S. beef-packing companies were accused in a lawsuit on Tuesday of violating federal antitrust law by conspiring to drive down prices they paid ranchers for cattle, even as retail beef prices hovered near record levels. FILE PHOTO: A Cargill logo is pictured on the Provimi Kliba and Protector animal Read More

Lyft’s IPO banks give troubled stock a flurry of ‘buy’ ratings

1 day ago DieselGasoil Comments Off on Lyft’s IPO banks give troubled stock a flurry of ‘buy’ ratings
(Reuters) – Lyft Inc received some badly needed support on Tuesday, as analysts at banks that had worked on its initial public offering urged clients to buy the ride-hailing company’s beleaguered shares. The Lyft logo is seen on a parked Lyft Scooter in Washington, U.S., March 29, 2019. REUTERS/Brendan McDermid Following the required 25-day wait Read More

ENSERVCO Updates Investors on 2019 First Quarter Financial Expectations

1 day ago DieselGasoil Comments Off on ENSERVCO Updates Investors on 2019 First Quarter Financial Expectations
DENVER, April 23, 2019 (GLOBE NEWSWIRE) — ENSERVCO Corporation (NYSE American: ENSV), a diversified national provider of specialized well-site services to the domestic onshore conventional and unconventional oil and gas industries, today announced it expects 2019 first quarter revenue to increase approximately 29% year over year to approximately $26.2 million from $20.3 million in the Read More

Starbucks’ China challenger Luckin Coffee files for U.S. listing

2 days ago DieselGasoil Comments Off on Starbucks’ China challenger Luckin Coffee files for U.S. listing
(Reuters) – Luckin Coffee Inc, the Chinese challenger to Starbucks Corp, on Monday filed for an initial public offering with the U.S. Securities and Exchange Commission, after being valued at nearly $3 billion in its latest round of funding. FILE PHOTO: The logo is seen next to a customer at a Luckin Coffee store in Read More