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Cequence Energy Announces Proposed Debt Transaction Private Placement and Credit Facility Renewal Update

22 hours ago DieselGasoil Comments Off on Cequence Energy Announces Proposed Debt Transaction Private Placement and Credit Facility Renewal Update
CALGARY, Alberta, May 23, 2019 (GLOBE NEWSWIRE) — Cequence Energy Ltd. (“Cequence” or the “Company”) (TSX: CQE) is pleased to announce a proposed debt restructuring transaction, private placement and credit facility renewal update. Under the terms of a first amending agreement to the Company’s $60.0 million Term Loan entered into between the Company and the Read More

CSW Industrials Reports Fiscal Fourth Quarter and Full Year 2019 Results

2 days ago DieselGasoil Comments Off on CSW Industrials Reports Fiscal Fourth Quarter and Full Year 2019 Results
Fourth Quarter Fiscal 2019 Highlights Fourth quarter 2019 revenue from continuing operations of $91.5 million, up 9.6% compared to $83.5 million in the prior year period. Fourth quarter 2019 GAAP net income from continuing operations increased to $13.6 million, or $0.90 per diluted share, compared to $10.6 million, or $0.68 per diluted share, in the Read More

Factbox: Investments by automakers in the U.S. and China since Trump came to power

4 days ago DieselGasoil Comments Off on Factbox: Investments by automakers in the U.S. and China since Trump came to power
(Reuters) – Major automakers have announced a slew of investments in the United States since President Donald Trump took office in January 2017 and exerted pressure on the industry to create more U.S. jobs. FILE PHOTO: Imported vehicles are seen at a car dealership in Tianjin bonded zone, China January 2, 2019. REUTERS/Yilei Sun China Read More

Ford Motor Co to cut 10% of white-collar jobs as part of global restructuring

4 days ago DieselGasoil Comments Off on Ford Motor Co to cut 10% of white-collar jobs as part of global restructuring
DETROIT (Reuters) – Ford Motor Co said on Monday it will eliminate about 10% of its global salaried workforce, cutting about 7,000 jobs by the end of August as part of its larger restructuring in a move that will save the No. 2 automaker $600 million annually. FILE PHOTO: FILE PHOTO – The Ford logo Read More

Ford Motor Co cutting about 10% of global salaried workforce

4 days ago DieselGasoil Comments Off on Ford Motor Co cutting about 10% of global salaried workforce
FILE PHOTO: FILE PHOTO – The Ford logo is pictured at the Ford Motor Co plant in Genk,Belgium December 17, 2014. REUTERS/Francois Lenoir/File Photo DETROIT (Reuters) – Ford Motor Co said on Monday it will eliminate about 10% percent of its global salaried workforce, cutting about 7,000 jobs by the end of August as part Read More

Jones Energy, Inc. Emerges From Chapter 11 Thirty‑Three Days After Voluntarily Filing for Bankruptcy Protection; Announces New $225 Million Borrowing Base Agreement

1 week ago DieselGasoil Comments Off on Jones Energy, Inc. Emerges From Chapter 11 Thirty‑Three Days After Voluntarily Filing for Bankruptcy Protection; Announces New $225 Million Borrowing Base Agreement
AUSTIN, Texas, May 17, 2019 (GLOBE NEWSWIRE) — Jones Energy, Inc. (OTC Pink: JEII) (“Jones Energy” or the “Company”) today announced that it is emerging from bankruptcy. The Company emerges following satisfaction of all of the conditions to effectiveness under the Company’s prepackaged chapter 11 plan (the “Plan”), previously confirmed by the United States Bankruptcy Read More

Adiós gringo? Venezuela & Russia negotiating swap of US dollar for ruble in bilateral trade

1 week ago DieselGasoil Comments Off on Adiós gringo? Venezuela & Russia negotiating swap of US dollar for ruble in bilateral trade
Caracas is in talks with Moscow over the possibility of using the Russian ruble in mutual trade settlements and abandoning dollar transactions, according to Venezuela’s representative to the UN office in Geneva Jorge Valero. The ambassador added that the countries are also discussing the use of Venezuelan state-sponsored oil-backed cryptocurrency El Petro, launched last year. Read More

Nestle revamp advances with $10 billion sale of skin health unit to buyout funds

1 week ago DieselGasoil Comments Off on Nestle revamp advances with $10 billion sale of skin health unit to buyout funds
ZURICH/FRANKFURT (Reuters) – Nestle has entered exclusive talks to sell its skin Health business to a consortium led by EQT Partners for 10.2 billion Swiss francs ($10.12 billion), as the food group shifts its portfolio in response to changing consumer demands. FILE PHOTO: A logo is pictured during the 152nd Annual General Meeting of Nestle Read More