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Bank drops objection to financing request by bankrupt Philadelphia Energy Solutions

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NEW YORK (Reuters) – A bank dropped its objection on Tuesday to Philadelphia Energy Solutions Inc’s initial bankruptcy requests after the two sides struck an agreement over the terms of new financing. FILE PHOTO: A massive fire burns at Philadelphia Energy Solutions Inc’s oil refinery in this still image from video in Philadelphia, Pennsylvania, U.S. Read More

PrairieSky Announces 2019 Second Quarter Results

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CALGARY, Alberta, July 22, 2019 (GLOBE NEWSWIRE) — PrairieSky Royalty Ltd. (“PrairieSky” or the “Company“) (TSX: PSK) is pleased to announce its second quarter (“Q2 2019“) operating and financial results for the period ended June 30, 2019. PRESIDENT’S MESSAGE Second Quarter 2019 Highlights: Funds from Operations totaled $58.0 million ($0.25 per common share basic and Read More

Libyan crude production recovers as largest oil field restarts

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7/22/2019 CAIRO – Libyan oil production is set to recover from a five-month low as the North African supplier’s biggest field restarts following a brief halt. A valve in the pipeline that carries crude from the Sharara field to the Zawiya refinery has been reopened and tested, said the state-run National Oil Corp. The stoppage Read More

Wall Street gains as earnings season gathers steam

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(Reuters) – U.S. stocks rose on Monday, lifted by technology companies, as investors eyed fresh U.S.-China trade developments during a busy week of corporate earnings with results from marquee names including Facebook and Amazon on tap. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 16, 2019. Read More

Toshiba Memory sees ‘good chance’ of M&A in push for data center business

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TOKYO (Reuters) – Japan’s Toshiba Memory said there was a “good chance” of acquisitions as it pushes to increase its share of the market for advanced storage products used in data centers. FILE PHOTO: Toshiba’s flash memory factory is pictured during a media tour in Yokkaichi, western Japan September 9, 2014. REUTERS/Reiji Murai/File Photo Toshiba Read More

Wall St. set to open higher as earnings season gathers steam

2 days ago DieselGasoil Comments Off on Wall St. set to open higher as earnings season gathers steam
(Reuters) – Wall Street’s main indexes were set to open higher on Monday as investors eyed fresh trade developments between the United States and China during a busy week of corporate earnings, with results from marquee names including Facebook and Amazon on tap. Traders work on the floor at the New York Stock Exchange (NYSE) Read More

Global stocks up on Fed rate cut hopes, Microsoft results; dollar bounces

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NEW YORK (Reuters) – A gauge of global stocks climbed on Friday as investors looked for a strongly dovish U.S. Federal Reserve at its next meeting and as early returns on earnings season have come in better than anticipated. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., Read More

French forests scarred as heatwaves bring bark beetle infestation

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(Reuters) – Long spells of hot, dry weather have brought the worst bark beetle infestation in two decades to eastern France, ruining conifer forests and causing timber prices to plummet as forestry firms fell trees before they are damaged. An employee of the ONF (French national forests office) looks at the trunk of a tree Read More

The number of electric utility rate cases increased in 2018

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July 19, 2019 Source: U.S. Energy Information Administration, based on data from S&P Global Rate Case Database and the University of Texas, Austin Energy Institute In 2018, 89 utilities—or nearly half of all major U.S. electric utilities—tried to change electricity rates by filing rate cases with state regulatory commissions; this number was the largest number Read More

Japan-South Korea gloom spurs worries of ‘never seen before’ chip price spike

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SEOUL (Reuters) – Memory chip spot prices have risen for the first time this year, indicating grim warnings of “never seen before” spikes and a supply disruption could come to pass as a dispute between South Korea and Japan drags on. FILE PHOTO: Memory chip parts of U.S. memory chip maker MicronTechnology are pictured at Read More