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Micron sales, profit miss estimates as chip glut hurts prices

1 hour ago DieselGasoil Comments Off on Micron sales, profit miss estimates as chip glut hurts prices
(Reuters) – U.S. chipmaker Micron Technology Inc (MU.O) gave on Tuesday quarterly sales and profit forecasts well below Wall Street estimates, citing a market glut of memory chips as consumer and business demand for phones and computers is weakening. Memory chip parts of U.S. memory chip maker MicronTechnology are pictured at their fair booth at Read More

Micron sales miss target as chip glut hurts prices

5 hours ago DieselGasoil Comments Off on Micron sales miss target as chip glut hurts prices
(Reuters) – U.S. chipmaker Micron Technology Inc (MU.O) on Tuesday gave quarterly sales and profit forecasts well below Wall Street estimates, citing a market glut of memory chips as consumer and business demand for phones and computers is weakening. Memory chip parts of U.S. memory chip maker MicronTechnology are pictured at their fair booth at Read More

Oil spirals below $47 as dark clouds envelop demand outlook

6 hours ago DieselGasoil Comments Off on Oil spirals below $47 as dark clouds envelop demand outlook
By Alex Nussbaum on 12/18/2018 NEW YORK (Bloomberg) — Economic jitters and surging supplies from the U.S. to Russia hammered oil again, with crude suffering its biggest decline in more than three weeks. Futures slid 7.3% in New York on Tuesday, putting prices on track for their worst quarterly loss since the start of the Read More

Diamondback Energy, Inc. Announces 2019 Capital and Production Guidance; Increasing Dividend

7 hours ago DieselGasoil Comments Off on Diamondback Energy, Inc. Announces 2019 Capital and Production Guidance; Increasing Dividend
MIDLAND, Texas, Dec. 18, 2018 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced its 2019 capital and production guidance, reflecting an operating plan focused on disciplined growth within cash flow and a growing dividend in the current commodity price environment. HIGHLIGHTS 2019 estimated annual production guidance of 275 – Read More

Micron misses sales estimates as chip supply glut hurts prices

7 hours ago DieselGasoil Comments Off on Micron misses sales estimates as chip supply glut hurts prices
Memory chip parts of U.S. memory chip maker MicronTechnology are pictured at their fair booth at an industrial fair in Frankfurt, Germany, July 14, 2015. REUTERS/Kai Pfaffenbach/File Photo (Reuters) – U.S. chipmaker Micron Technology Inc (MU.O) on Tuesday missed Wall Street estimates for quarterly revenue, hurt by falling prices for its memory chips due to Read More

Micron quarterly revenue rises 16 percent

7 hours ago DieselGasoil Comments Off on Micron quarterly revenue rises 16 percent
Memory chip parts of U.S. memory chip maker MicronTechnology are pictured at their fair booth at an industrial fair in Frankfurt, Germany, July 14, 2015. REUTERS/Kai Pfaffenbach/File Photo (Reuters) – Chipmaker Micron Technology Inc (MU.O) reported a 16 percent rise in first-quarter revenue on Tuesday, helped by higher demand for its memory chips from data Read More

FedEx quarterly revenue rises 9.2 percent

8 hours ago DieselGasoil Comments Off on FedEx quarterly revenue rises 9.2 percent
An all-electric FedEx delivery truck is seen in San Diego, California September 24, 2013. REUTERS/Mike Blake (Reuters) – U.S. package delivery company FedEx Corp (FDX.N) reported a 9.2 percent rise in quarterly revenue on Tuesday, driven by higher shipment volumes. The Memphis-based company’s net profit rose to $935 million, or $3.51 per share, for the Read More

Tech stocks, upbeat earnings boost Wall Street; Fed in focus

13 hours ago DieselGasoil Comments Off on Tech stocks, upbeat earnings boost Wall Street; Fed in focus
(Reuters) – Wall Street rose on Tuesday, helped by technology stocks, upbeat earnings reports and a rebound in few bellwether stocks, while investors awaited clues on the Federal Reserve’s path for future rate hikes. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 11, 2018. REUTERS/Brendan McDermid Read More

Oracle quarterly profit rises 5 percent

1 day ago DieselGasoil Comments Off on Oracle quarterly profit rises 5 percent
FILE PHOTO: People gather prior to the start of a keynote speech at the All Things Oracle OpenWorld Summit in San Francisco, California September 24, 2013. REUTERS/Jana Asenbrennerova/File Photo (Reuters) – Business software maker Oracle Corp reported a 5.4 percent rise in quarterly profit on Monday, driven by growth in its cloud services and license Read More

TransCanada Reaches Agreement to Sell Coolidge Generating Station for US$465 Million

2 days ago DieselGasoil Comments Off on TransCanada Reaches Agreement to Sell Coolidge Generating Station for US$465 Million
CALGARY, Alberta, Dec. 17, 2018 (GLOBE NEWSWIRE) — News Release – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced that it has entered into an agreement to sell its Coolidge Generating Station to SWG Coolidge Holdings, LLC, a wholly owned subsidiary of Southwest Generation Operating Company, LLC, for approximately US$465 million (Cdn$623 million), subject to closing Read More