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Bed Bath & Beyond activist investors pushing to replace board, CEO

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Shopping carts are stacked up at a Bed Bath & Beyond store in Somerville, Massachusetts, U.S. June 17, 2016. REUTERS/Brian Snyder (Reuters) – Three activist investors disclosed a combined 5 percent stake in Bed Bath & Beyond Inc on Tuesday, seeking to replace the entire board and oust long-time Chief Executive Officer Steven Temares. Legion Read More

Thomas Cook to review money division in latest revamp

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FILE PHOTO: A Thomas Cook sign outside one of the travel company’s shops in central London, November 26, 2014. REUTERS/Suzanne Plunkett/File Photo LONDON (Reuters) – Thomas Cook announced a review of its money division on Tuesday, in its latest step to streamline operations and focus on its core holiday business after a rough 2018 prompted Read More

OxyContin maker Purdue reaches $270 million settlement in Oklahoma opioid case: source

14 mins ago DieselGasoil Comments Off on OxyContin maker Purdue reaches $270 million settlement in Oklahoma opioid case: source
(Reuters) – Purdue Pharma LP and members of the wealthy Sackler family that own the OxyContin maker have reached a $270 million settlement to resolve a lawsuit by the state of Oklahoma accusing the company of helping fuel an opioid abuse epidemic, a person familiar with the matter said on Tuesday. FILE PHOTO: Bottles of Read More

Greenbelt Resources Corporation Annual CEO Report

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PASO ROBLES, Calif., March 26, 2019 (GLOBE NEWSWIRE) — via OTC PR WIRE — Greenbelt Resources Corporation (OTC: GRCO) (Greenbelt), announces the following annual CEO report to shareholders:    Dear Shareholders: My history has been to modestly and cautiously word our press and CEO reports.  So it may surprise you to have me begin this year’s Read More

Refiners invest $1 billion to meet shift to cleaner marine fuel: BP

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FILE PHOTO – The logo of BP is seen at a petrol station in Kloten, Switzerland October 3, 2017. REUTERS/Arnd Wiegmann FUJAIRAH, United Arab Emirates (Reuters) – Refiners around the world have invested about $1 billion so far to produce low-sulfur marine fuel to meet new regulations coming into force in 2020, a BP executive Read More

OxyContin maker Purdue agrees to settle Oklahoma opioid case, source says

1 hour ago DieselGasoil Comments Off on OxyContin maker Purdue agrees to settle Oklahoma opioid case, source says
(Reuters) – Purdue Pharma LP has agreed to settle a lawsuit by the state of Oklahoma accusing the maker of painkiller OxyContin of helping fuel an opioid abuse epidemic, a person familiar with the matter said on Tuesday. FILE PHOTO: Bottles of prescription painkiller OxyContin pills, made by Purdue Pharma LP sit on a counter Read More

China's Huawei sees little impact on sales from U.S. broadside

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SHENZHEN/HONG KONG (Reuters) – The U.S. campaign against China’s Huawei is having little impact on the company’s sales and it is unlikely many countries will follow the United States in banning Huawei from building next-generation mobile networks, its rotating Chairman Eric Xu said. FILE PHOTO: Eric Xu, CEO of Huawei, addresses media at Cebit, the Read More

U.S. Republicans set 'Green New Deal vote' in bid to divide Democrats

2 hours ago DieselGasoil Comments Off on U.S. Republicans set 'Green New Deal vote' in bid to divide Democrats
WASHINGTON (Reuters) – Republican U.S. Senate Majority Leader Mitch McConnell, in a move aimed at dividing Democrats, set a vote for Tuesday on their “Green New Deal” resolution that seeks to cut greenhouse gas emissions by moving off fossil fuels. FILE PHOTO: Senate Majority Leader Mitch McConnell speaks with reporters following a policy luncheon in Read More

Airbus shares take off after bumper Beijing order

2 hours ago DieselGasoil Comments Off on Airbus shares take off after bumper Beijing order
PARIS (Reuters) – Airbus shares rose on Tuesday after the European planemaker won a deal worth tens of billions of dollars to sell 300 aircraft to China. Air China’s new aircraft Airbus A350 receives a water cannon salute after its maiden flight from Beijing to Shanghai, at Hongqiao international Airport in Shanghai, China August 14, Read More