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German bank merger hopes crumble as Deutsche Bank and Commerzbank scrap talks

2 hours ago DieselGasoil Comments Off on German bank merger hopes crumble as Deutsche Bank and Commerzbank scrap talks
FRANKFURT (Reuters) – Deutsche Bank and Commerzbank said their merger talks had ended, with execution risks, restructuring costs and capital requirements dashing German attempts to create a mega-bank. FILE PHOTO: Outside view of Deutsche Bank and Commerzbank headquarters in Frankfurt, Germany, March 18, 2019. REUTERS/Ralph Orlowski/File Photo After nearly six weeks of talks, Germany’s two Read More

Huawei: Why UK is at odds with its cyber-allies

6 hours ago DieselGasoil Comments Off on Huawei: Why UK is at odds with its cyber-allies
After months of uncertainty, the UK appears set to allow Huawei’s telecoms equipment to be part of the country’s 5G networks – with some limitations. The move would put the UK at odds with the US, which has been pressing other nations to ban use of the Chinese firm’s kit on security grounds. It could Read More

Tesla’s Musk ‘sees merit’ in capital raise, vows profit in third quarter after large loss

11 hours ago DieselGasoil Comments Off on Tesla’s Musk ‘sees merit’ in capital raise, vows profit in third quarter after large loss
(Reuters) – Tesla Inc Chief Executive Elon Musk suggested on Wednesday a capital raise could be imminent, as the electric vehicle maker lost $700 million in the first quarter and predicted a return to profit in the third. FILE PHOTO: A Tesla logo is seen at a groundbreaking ceremony of Tesla Shanghai Gigafactory in Shanghai, Read More

Oil States Announces First Quarter 2019 Results of Operations

15 hours ago DieselGasoil Comments Off on Oil States Announces First Quarter 2019 Results of Operations
HOUSTON, April 24, 2019 (GLOBE NEWSWIRE) — Oil States International, Inc. (NYSE: OIS) reported a net loss for the first quarter of 2019 of $14.6 million, or $0.25 per diluted share on revenues of $250.6 million and Consolidated EBITDA (Note A) of $21.4 million. The reported first quarter 2019 results included severance charges totaling $1.0 million ($0.8 million after-tax, or Read More

Kim-Putin summit: What talks in Russia mean for US following Trump’s Hanoi fiasco

15 hours ago DieselGasoil Comments Off on Kim-Putin summit: What talks in Russia mean for US following Trump’s Hanoi fiasco
North Korean leader Kim Jong-un’s meeting with Russian President Vladimir Putin is shrouded in the veil of political uncertainty, but analysts believe it could be a roundabout way to reboot denuclearization talks with the US. The meeting is taking place in Vladivostok, 129 kilometers from the border Russia shares with North Korea. It is Russia’s Read More

Tiger Oil and Energy, Inc. Finalizes Matrix Merger

21 hours ago DieselGasoil Comments Off on Tiger Oil and Energy, Inc. Finalizes Matrix Merger
LAS VEGAS, April 24, 2019 (GLOBE NEWSWIRE) — via OTC PR WIRE — Tiger Oil and Energy, Inc., (OTC: TGRO) and privately held Matrix Oil Management Corporation (“Matrix”) jointly announced today the closing and completion of the merger between Tiger Oil and Matrix.  The completion of this strategic transaction creates a high-growth California-focused operating company with an Read More

Occidental makes Anadarko bid, seeks to derail Chevron deal

24 hours ago DieselGasoil Comments Off on Occidental makes Anadarko bid, seeks to derail Chevron deal
By Simon Casey and Kevin Crowley on 4/24/2019 NEW YORK and HOUSTON (Bloomberg) — Occidental Petroleum is starting a bidding war for Anadarko Petroleum, making a $38 billion counteroffer in attempt to break up the proposed takeover by Chevron. Occidental said Wednesday it’s offering $76/share in cash and stock, a premium of about 20% over Read More

Asian shares fall despite strong Wall Street; oil retreats

1 day ago DieselGasoil Comments Off on Asian shares fall despite strong Wall Street; oil retreats
SHANGHAI (Reuters) – Equity markets in Asia faltered on Wednesday amid losses in South Korea and uncertainty over China’s plans for further stimulus as the economy shows signs of regaining its footing. FILE PHOTO: A man looks on in front of an electronic board showing stock information at a brokerage house in Nanjing, Jiangsu province, Read More

Superior Energy Services Announces First Quarter 2019 Results

2 days ago DieselGasoil Comments Off on Superior Energy Services Announces First Quarter 2019 Results
HOUSTON, April 23, 2019 (GLOBE NEWSWIRE) — Superior Energy Services, Inc. (the “Company”) today announced a net loss from continuing operations for the first quarter of 2019 of $47.7 million, or $0.31 per share, on revenue of $467.2 million.  This compares to a net loss from continuing operations of $750.2 million, or $4.85 per share, Read More

Coke Zero Sugar, new flavors lift Coca-Cola results; shares rise

2 days ago DieselGasoil Comments Off on Coke Zero Sugar, new flavors lift Coca-Cola results; shares rise
(Reuters) – Strong demand for Coca-Cola Co’s zero-calorie drink Coke Zero Sugar, new orange-vanilla cola and flavored waters pushed the beverage maker’s quarterly sales and profit well above Wall Street estimates, sending its shares up as much as 3 percent on Tuesday. FILE PHOTO: Cans of Coca-Cola are pictured in the refrigerator during an event Read More