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General Electric fortifies defense against charges of bogus accounting

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NEW YORK (Reuters) – General Electric Co reinforced its defense of its accounting practices on Monday after investors asked more questions about an unusual research report last week that accused the jet engine and power plant maker of financial fraud. FILE PHOTO: The General Electric Co. logo is seen on the company’s corporate headquarters building Read More

Japan Inc backs Abe’s tough trade stance vs South Korea amid row: Reuters poll

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TOKYO (Reuters) – Japanese companies broadly support Prime Minister Shinzo Abe’s tough trade stance against South Korea, a Reuters poll found. FILE PHOTO: Japan’s Prime Minister Shinzo Abe, who is also ruling Liberal Democratic Party leader, speaks at a debate session ahead of July 21 upper house election at the Japan National Press Club in Read More

Industry looks to Gulf of Mexico Lease Sale 253 for signs of offshore resurgence

7 hours ago DieselGasoil Comments Off on Industry looks to Gulf of Mexico Lease Sale 253 for signs of offshore resurgence
Highlights Total 2019 sales should exceed 2018 totals: BOEM Recent operators’ optimism for US Gulf remains high Crude holding above $50/b breakeven Houston — The oil and gas industry will be closely watching this week’s US Gulf of Mexico lease sale to determine if lower oil prices will slow the renewed optimism in offshore projects, Read More

U.S. tech industry leaders: French digital service tax harms global tax reform

9 hours ago DieselGasoil Comments Off on U.S. tech industry leaders: French digital service tax harms global tax reform
WASHINGTON (Reuters) – Major tech firms and U.S. tech industry groups said on Monday that France’s new digital services tax undermines the global tax regime and multilateral efforts to reform it. FILE PHOTO: The Google logo is pictured at the entrance to the Google offices in London, Britain January 18, 2019. REUTERS/Hannah McKay Alphabet Inc’s Read More

General Electric adds to defense against charges of bogus accounting

11 hours ago DieselGasoil Comments Off on General Electric adds to defense against charges of bogus accounting
NEW YORK (Reuters) – General Electric Co intensified its defense of its accounting practices on Monday after investors questioned it about an unusual research report alleging GE failed to put aside money to cover $29 billion in potential insurance losses and improperly counted profit from subsidiary Baker Hughes. FILE PHOTO: The General Electric Co. logo Read More

Top CEOs say companies should put social responsibility above profit

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FILE PHOTO: Alex Gorsky, CEO of Johnson & Johnson, listens as he is introduced to speak at the Boston College Chief Executives Club luncheon in Boston, Massachusetts September 11, 2015. REUTERS/Brian Snyder NEW YORK (Reuters) – Companies should focus on social responsibilities as well as profits, the Business Roundtable, a group of corporate chief executives Read More

General Electric renews defense against charges of bogus accounting

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FILE PHOTO: A traffic light is seen in front of a logo of General Electric at the company’s plant in Birr, Switzerland June 17, 2019. REUTERS/Arnd Wiegmann/File Photo NEW YORK (Reuters) – General Electric Co (GE.N) further defended itself on Monday against fraud investigators who said last week the Boston-based conglomerate had failed to put Read More

‘It’s theft’: RT’s Keiser Report unearths ugly truth about negative yield bonds

2 days ago DieselGasoil Comments Off on ‘It’s theft’: RT’s Keiser Report unearths ugly truth about negative yield bonds
RT’s latest episode of The Keiser Report looks at what the infamous negative yielding bonds are made of, who profits from them – and who suffers losses. The negative yielding bonds are, in truth, an “instrument of forced inflation” aimed at the “destruction of purchasing power,” Karl Denninger ofMarket-Ticker.org told Max Keiser in the episode. “Negative Read More

US policy destroyed Honduras, & Honduras’ destruction created opening for Trump – Max Blumenthal

3 days ago DieselGasoil Comments Off on US policy destroyed Honduras, & Honduras’ destruction created opening for Trump – Max Blumenthal
The 2009 US-backed coup in Honduras caused the migration crisis US President Donald Trump has weaponized, creating a situation where “everybody’s making money except the Honduran people,” writer Max Blumenthal tells RT America. Honduran President Orlando Hernandez is “hated by every sector of society,” Blumenthal told RT America’s Rick Sanchez, explaining that the leader– who Read More

US policy destroyed Honduras, & Honduras’ destruction created an opening for Trump – Max Blumenthal

3 days ago DieselGasoil Comments Off on US policy destroyed Honduras, & Honduras’ destruction created an opening for Trump – Max Blumenthal
The 2009 US-backed coup in Honduras caused the migration crisis US President Donald Trump has weaponized, creating a situation where “everybody’s making money except the Honduran people,” writer Max Blumenthal tells RT America. Honduran President Orlando Hernandez is “hated by every sector of society,” Blumenthal told RT America’s Rick Sanchez, explaining that the leader – Read More