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Allergan should explore selling itself: Appaloosa's Tepper

2 hours ago DieselGasoil Comments Off on Allergan should explore selling itself: Appaloosa's Tepper
(Reuters) – Billionaire hedge fund manager David Tepper stepped up pressure on Allergan Plc, saying on Tuesday the drugmaker should consider selling itself if management is unable to turn around recent lagging performance. FILE PHOTO: David Tepper, founder of Apploosa Management, speaks during the Sohn Investment Conference in New York May 4, 2015. REUTERS/Brendan McDermid Read More

‘You’ll lose everything!’ Trump issues ultimatum to Venezuelan military, says all options are open

21 hours ago DieselGasoil Comments Off on ‘You’ll lose everything!’ Trump issues ultimatum to Venezuelan military, says all options are open
US President Donald Trump warned the Venezuelan military that they are risking their lives and future by supporting President Maduro in a heated speech that left “all options” open to bring democracy in the Latin American country. “We seek a peaceful transition of power, but all options are open,” Trump declared, speaking at Florida International Read More

Spain, struggling to rebury dictator Franco, hands ultimatum to his family

3 days ago DieselGasoil Comments Off on Spain, struggling to rebury dictator Franco, hands ultimatum to his family
Spain’s government has clashed with the family of the late fascist dictator, Francisco Franco, over the removal of his remains from a controversial civil war memorial in a move that still seems to be divisive for the Spaniards. The Spanish Cabinet has given the green light for the exhumation of Franco, who is now buried Read More

‘I do not recognize my country’: Yellow Vests who have lost eyes, limbs demand justice from Macron

3 days ago DieselGasoil Comments Off on ‘I do not recognize my country’: Yellow Vests who have lost eyes, limbs demand justice from Macron
French protesters have gathered for the 15th week of Gilets Jaunes rallies, with the injury toll from the civil unrest resembling that of a small war. Despite pleas from victims, however, Emmanuel Macron is tightening the screws. “This is not normal. We are in France, one of the oldest and best democracies in the world,” Read More

Buffett's oil bet not only a rallying cry for fracers

4 days ago DieselGasoil Comments Off on Buffett's oil bet not only a rallying cry for fracers
By Liam Denning on 2/15/2019 Photo: Warren Buffett, investor. NEW YORK (Bloomberg Opinion) — Warren Buffett showing up in your share register can be a bittersweet affair. It confers a certain halo around your stock but also brings confirmation that it had gone to a dark place indeed. Such is the way to read Berkshire Hathaway Read More

How Amazon scrapped its plans for a New York headquarters

5 days ago DieselGasoil Comments Off on How Amazon scrapped its plans for a New York headquarters
(Reuters) – More than a year of work to bring Amazon.com Inc’s headquarters and tens of thousands of jobs to New York City ended on Thursday with a couple of phone calls. A delivery person pushes a cart full of Amazon boxes in New York City, U.S., February 14, 2019. REUTERS/Brendan McDermid Jay Carney, the Read More

Oil crash is over, but debt is still piling up in the Gulf

5 days ago DieselGasoil Comments Off on Oil crash is over, but debt is still piling up in the Gulf
By Zainab Fattah on 2/14/2019 NEW YORK (Bloomberg) — The oil crash came and went but the debt pile it left across the Gulf is still growing, leaving the region’s energy-dependent economies more vulnerable next time a crisis strikes. All but debt-free before crude prices nosedived in 2014, many Gulf governments tried to borrow their way Read More

Jones Energy, Inc. Forgoes Convertible Preferred Stock Dividend

5 days ago DieselGasoil Comments Off on Jones Energy, Inc. Forgoes Convertible Preferred Stock Dividend
AUSTIN, Texas, Feb. 14, 2019 (GLOBE NEWSWIRE) — Jones Energy, Inc. (OTCQX: JONE) (“Jones Energy” or “the Company”) is announcing that it will forgo payment of its previously declared contingent dividend on its 8% Series A Perpetual Convertible Preferred Stock (the “Preferred Stock”). The foregone dividend is for the period beginning on the last payment Read More

Eskom split to minimize risks to South Africa, Ramaphosa says

5 days ago DieselGasoil Comments Off on Eskom split to minimize risks to South Africa, Ramaphosa says
JOHANNESBURG/CAPE TOWN (Reuters) – South African President Cyril Ramaphosa said his plan to divide struggling state power firm Eskom into three units would minimize risks to the economy, as a fifth day of power cuts hurt businesses and drove the rand to a six-week low on Thursday. FILE PHOTO: The logo of state power utility Read More

EPA opts for single E15 rule after considering separating trading curbs

1 week ago DieselGasoil Comments Off on EPA opts for single E15 rule after considering separating trading curbs
WASHINGTON (Reuters) – The U.S. Environmental Protection Agency has decided to release a single draft rule to expand sales of higher ethanol blends of gasoline and curb biofuel credit speculation, after having contemplated separating the measures, a senior official at the administration told Reuters on Tuesday. FILE PHOTO: A gas pump displays the price for Read More