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CFTC says Kraft, Mondelez to pay $16 million in wheat price manipulation case

1 day ago DieselGasoil Comments Off on CFTC says Kraft, Mondelez to pay $16 million in wheat price manipulation case
FILE PHOTO: Bottles of salad dressing, made by food conglomerate Kraft Heinz, are seen on a supermarket shelf in Seattle, Washington, U.S., February 10, 2017. REUTERS/Chris Helgren/File Photo (Reuters) – The U.S. Commodity Futures Trading Commission (CFTC) said on Thursday Kraft Heinz Co and Mondelez International Inc will have to pay $16 million in penalty Read More

U.S. regulators to drop accounting test in ‘Volcker’ rewrite: sources

4 days ago DieselGasoil Comments Off on U.S. regulators to drop accounting test in ‘Volcker’ rewrite: sources
WASHINGTON (Reuters) – U.S. regulators have circulated a new draft of the “Volcker Rule” that would further ease its requirements and scrap a proposed new test that had been met with fierce resistance from Wall Street, according to two people with knowledge of the matter. FILE PHOTO: The Federal Reserve Board building on Constitution Avenue Read More

Asian shares turn lower on Sino-U.S. trade, recession worries

5 days ago DieselGasoil Comments Off on Asian shares turn lower on Sino-U.S. trade, recession worries
SHANGHAI (Reuters) – Worries that a prolonged Sino-U.S. trade war could tip the world and U.S. economies into recession weighed on Asian equities on Monday, offsetting a welcome a lift from Chinese shares and a stronger-than-expected daily fixing for the yuan. FILE PHOTO: Passersby are reflected on a stock quotation board outside a brokerage in Read More

Asian shares inch up on China recovery, yuan fixing

5 days ago DieselGasoil Comments Off on Asian shares inch up on China recovery, yuan fixing
SHANGHAI (Reuters) – Gains by Chinese equities and the yuan’s stronger-than-expected daily fixing helped lift a broad gauge of Asian shares above water on Monday, but firm gold prices underscored investor worries over risks from a prolonged Sino-U.S. trade war. FILE PHOTO: Passersby are reflected on a stock quotation board outside a brokerage in Tokyo, Read More

Can Huawei’s new OS make customers ditch Google’s Android?

1 week ago DieselGasoil Comments Off on Can Huawei’s new OS make customers ditch Google’s Android?
Huawei is expected to drop more details about its homegrown Hongmeng operating system at an upcoming conference. But is the world ready to ditch Android for an untested Chinese alternative? And is Google worried? A new Huawei phone equipped with the Hongmeng operating system could go on sale before the end of the year, the Read More

Fracking cracking: Oil price correction triggers US shale meltdown

2 weeks ago DieselGasoil Comments Off on Fracking cracking: Oil price correction triggers US shale meltdown
It was a rough week for the US shale industry. A series of earnings reports came out in recent days, and while some drillers beat expectations, there were some huge misses as well. Concho Resources, for instance, saw its share price tumble 22 percent when it disclosed several problems at once. Profits fell by 25 Read More

Oil market struggles to regain investor confidence after previous declines

2 weeks ago DieselGasoil Comments Off on Oil market struggles to regain investor confidence after previous declines
8/2/2019 LONDON (Bloomberg) – West Texas Intermediate crude fell the most in 4 1/2 years on Thursday as President Donald Trump reignited demand worries with a threat of new tariffs on imports from China. The slump was a reminder that crude markets have struggled to regain investor confidence after the U.S. benchmark wiped out more Read More

Range Announces Second Quarter 2019 Results

3 weeks ago DieselGasoil Comments Off on Range Announces Second Quarter 2019 Results
FORT WORTH, Texas, July 25, 2019 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its second quarter 2019 financial results. Highlights – In July, sold 2% overriding royalty in southwest Pennsylvania leases for gross proceeds of $600 million Sold non-producing acreage in Pennsylvania for gross proceeds of $34 million Cash unit costs of Read More

Tesla shares, bonds under pressure as Musk changes tune on profit

3 weeks ago DieselGasoil Comments Off on Tesla shares, bonds under pressure as Musk changes tune on profit
(Reuters) – Shares of Tesla Inc (TSLA.O) sank 14% on Thursday and its bonds traded lower, a day after the electric carmaker said it needed more time to turn a profit, reported lower margins and announced the departure of a key executive. Investors knocked more than $6 billion off Tesla’s market value in response to Read More

Superior Energy Services Announces Second Quarter 2019 Results

4 weeks ago DieselGasoil Comments Off on Superior Energy Services Announces Second Quarter 2019 Results
HOUSTON, July 23, 2019 (GLOBE NEWSWIRE) — Superior Energy Services, Inc. (the “Company”) today announced a net loss from continuing operations for the second quarter of 2019 of $71.1 million, or $0.46 per share, on revenue of $436.3 million. This compares to a net loss from continuing operations of $47.7 million, or $0.31 per share, Read More