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Ford's Brazil shutdown highlights automakers' woes with excess capacity

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SAO PAULO (Reuters) – Ford Motor Co’s oldest factory in Brazil, slated for closure later this year, was a giant among auto plants, occupying a sprawling 12 million square feet (111.5 hectares), bigger than many of the automaker’s U.S. facilities. The Ford logo is seen at the Ford oldest Brazil plant after company announced its Read More

Petroteq Energy Announces Production of Oil

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Sherman Oaks, CA, Feb. 21, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Petroteq Energy Inc.(the “Company”) (TSXV:PQE; OTC:PQEFF; FSE: PQCF), a fully integrated oil and gas company, is pleased to announce that it has completed its first maintenance turnaround at its oil sands processing facility (the “Plant”) located near Vernal, Utah, and has recommenced the production of oil from the Read More

Honda to close British car plant as Brexit looms

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LONDON/TOKYO (Reuters) – Honda will close its only British car plant in 2021 with the loss of up to 3,500 jobs, a major departure of Japanese investment announced just over a month before the United Kingdom is due to leave the European Union. The automaker, which builds more than a tenth of the 1.5 million Read More

France suggests glyphosate exit could be even slower than planned

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PARIS (Reuters) – Only half of France’s farmland could do without glyphosate-based weed-killers by 2021, the country’s farm minister suggested, further lowering an initial ambition to get rid of the controversial chemical by then. In November 2017, President Emmanuel Macron pledged to ban glyphosate in France within three years, rejecting a European Union decision to Read More

AI can’t beat a human in a debate (yet), but give it time…

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Humans everywhere breathed a sigh of relief when an AI called IBM Debater failed to beat a human champion during a yearly test of its argumentative prowess, proving there’s at least one thing we can still do better than machines. World Debating Championship finalist Harish Natarajan outperformed IBM’s creation in a debate over whether the Read More

International Petroleum Corporation 2018 Year-End Financial Results and 2019 Budget, Production and Resource Guidance

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TORONTO, Feb. 12, 2019 (GLOBE NEWSWIRE) — International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) today released its financial and operating results and related management’s discussion and analysis (MD&A) for the year ended December 31, 2018.(1) IPC is also pleased to announce its 2019 capital expenditure budget range of between USD 146 Read More

Trump urges U.S.-owned TVA to keep coal plant open

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FILE PHOTO: U.S. President Donald Trump listens during a meeting in the Cabinet Room of the White House in Washington, U.S., February 1, 2019. REUTERS/Jim young WASHINGTON (Reuters) – President Donald Trump on Monday urged the Tennessee Valley Authority not to close a plant in the heart of coal country, as the U.S.-owned power generator Read More

Trump says TVA should consider coal's role before closing plant

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FILE PHOTO: U.S. President Donald Trump listens during a meeting in the Cabinet Room of the White House in Washington, U.S., February 1, 2019. REUTERS/Jim young/File Photo WASHINGTON (Reuters) – President Donald Trump said on Monday that the Tennessee Valley Authority, a U.S.-owned power generator, should consider the importance of coal in the power mix Read More

U.S. Steel wins tax breaks from one of America's poorest cities

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GARY, Indiana (Reuters) – United States Steel Corporation founded Gary, Indiana in 1906 – naming it after co-founder Elbert Henry Gary – and the city’s fortunes have been closely tied to the company ever since. FILE PHOTO: A woman walks her dogs along the lake front at Marquette Park in Gary, Indiana, U.S., September 28, Read More