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Macro Announces Director Retirement

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FORT ST. JOHN, British Columbia, March 22, 2019 (GLOBE NEWSWIRE) — Macro Enterprises Inc. (TSXV:MCR) (the “Company” or “Macro”) announces the retirement of director, Ronald Baker.  Ron joined the board of Macro in January of 2006, and has been a valuable and steady advisor to the Company since.  Frank Miles, President and CEO, commented, “We Read More

NBA star Shaquille O'Neal joins Papa John's board

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FILE PHOTO: Shaquille O’Neal laughs while telling a story during his announcement of his retirement from the National Basketball Association (NBA) at a news conference at his home in Windermere, Florida June 3, 2011. REUTERS/Scott Audette (Reuters) – Pizza chain Papa John’s, trying to bounce back from a series of high-profile PR blunders, on Friday Read More

The Fed is prodding Americans to buy more on credit

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WASHINGTON (Reuters) – The Federal Reserve’s decisive statement this week that interest rates are unlikely to rise this year sends a signal to U.S. households: keep buying stuff. FILE PHOTO: A sign advertises homes for sale in a new housing development in Dickinson, North Dakota January 21, 2016. REUTERS/Andrew Cullen The Fed tries to guide Read More

Four men arrested for 'secretly filming 1,600 hotel guests'

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South Korean police have arrested four people on suspicion of secretly filming around 1,600 hotel guests and live-streaming or posting the footage online. Mini-spy cameras were set up in TV set-top boxes, hair dryers and electrical outlets in 42 rooms across 30 hotels throughout the country, the Korean National Police Agency said. The men earned Read More

U.S. fund Elliott battles the odds in latest showdown with Hyundai

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SEOUL (Reuters) – The showdown between U.S. activist hedge fund Elliott Management and Hyundai Motor Group is set to come to a head on Friday when shareholders gather to vote on the fund’s demands for a hefty special dividend and a board shake-up. FILE PHOTO: Paul Singer, founder and president of Elliott Management Corporation, speaks Read More

KLX Energy Services Announces the Acquisitions of Two Premier Oilfield Services Companies; Raises 2019 Guidance

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WELLINGTON, Fla., March 20, 2019 (GLOBE NEWSWIRE) — KLX Energy Services Holdings, Inc. (“KLX Energy Services” or the “Company”) (NASDAQ:KLXE) announced today that it has completed the acquisitions of Red Bone Services (“Red Bone”), a premier provider of oilfield services primarily in the Mid-Con, providing, non-frac high pressure pumping, thru-tubing, fishing and certain other services, Read More

BMW plans to cut costs after warning on profits

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MUNICH (Reuters) – BMW expects group pretax profit to fall by more than 10 percent this year and plans a sweeping 12 billion euro ($13.6 billion) savings and efficiency plan to help offset higher technology investment and currency costs. The German carmaker last week reported a 7.9 percent fall in 2018 operating profit and said Read More

BMW delivers 2019 profit warning and plan to cut costs by 12 bln euros

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MUNICH (Reuters) – BMW expects group pretax profit to fall by more than 10 percent this year, it said on Wednesday as it announced a sweeping 12 billion euro ($13.6 bln) savings and efficiency plan to help offset higher technology investment and currency costs. FILE PHOTO: The BMW logo is seen on the wheel of Read More