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S&P ends near flat as Citigroup results sink banks; Nasdaq hits new high

17 hours ago DieselGasoil Comments Off on S&P ends near flat as Citigroup results sink banks; Nasdaq hits new high
NEW YORK (Reuters) – The benchmark S&P 500 index ended little changed on Monday after oscillating between positive and negative territory throughout the session after Citigroup Inc (C.N) kicked off the earnings season with a mixed quarterly report. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July Read More

Callon to acquire Carrizo in $3.2-billion stock transaction

24 hours ago DieselGasoil Comments Off on Callon to acquire Carrizo in $3.2-billion stock transaction
7/15/2019 HOUSTON — Callon Petroleum Company and Carrizo Oil & Gas announced that their boards of directors have unanimously approved a definitive agreement under which Callon will acquire Carrizo in an all-stock transaction valued at $3.2 billion. This highly complementary combination will create a leading oil and gas company with scaled development operations across a Read More

Norwegian Petroleum Directorate reports high activity in the first six months of the year

2 days ago DieselGasoil Comments Off on Norwegian Petroleum Directorate reports high activity in the first six months of the year
7/14/2019 STAVANGER — Production on the Norwegian shelf is holding steady at a high level. Many projects are in the development or planning phases. Many exploration wells are being drilled. There have been few discoveries in the first half of the year. Total petroleum production in the first half of 2019 is about 109,6 million Read More

Against the sanctions run of play: German investments in Russia set to smash 10-year record

2 days ago DieselGasoil Comments Off on Against the sanctions run of play: German investments in Russia set to smash 10-year record
German businesses poured more than €1.7 billion into the Russian economy in the first three months of 2019, already exceeding half of last year’s highest-in-decade figures, the Russian-German Chamber of Commerce has revealed. The volume of German companies’ investment in Russia is up by 33 percent –or €400 million– compared to the same period last Read More

Wall St. notches all-time highs on lingering rate-cut optimism

4 days ago DieselGasoil Comments Off on Wall St. notches all-time highs on lingering rate-cut optimism
NEW YORK (Reuters) – All three major indexes posted record closing highs on Friday as firm expectations for an interest-rate cut from the Federal Reserve continued to propel shares while investors awaited next week’s kickoff of the corporate earnings season. The S&P 500 closed above the 3,000 level for the first time, with the industrial Read More

Volkswagen investment vaults Argo into top ranks of self-driving firms

4 days ago DieselGasoil Comments Off on Volkswagen investment vaults Argo into top ranks of self-driving firms
DETROIT (Reuters) – Volkswagen AG’s $2.6-billion investment in Ford Motor Co’s (F.N) Argo AI self-driving unit, announced on Friday, immediately vaults the two-year-old Pittsburgh-based startup into the top ranks in the sector. Ford President and CEO Jim Hackett, Argo AI co-founder Bryan Salesky and VW CEO Herbert Diess appear with a prototype vehicle after announcing Read More

CrossAmerica Partners to Announce Second Quarter 2019 Earnings Results on August 5

4 days ago DieselGasoil Comments Off on CrossAmerica Partners to Announce Second Quarter 2019 Earnings Results on August 5
Allentown, July 12, 2019 (GLOBE NEWSWIRE) — CrossAmerica Partners to Announce Second Quarter 2019 Earnings Results on August 5 ALLENTOWN, PA, July 12, 2019 – CrossAmerica Partners LP (NYSE: CAPL) today announced that it will release its second quarter 2019 results after the market closes on Monday, August 5, 2019. In conjunction with the news Read More

June imports fall at top U.S. hub for China ocean trade

5 days ago DieselGasoil Comments Off on June imports fall at top U.S. hub for China ocean trade
LOS ANGELES (Reuters) – The Los Angeles and Long Beach port complex, the nation’s busiest and the No. 1 for ocean trade with China, – handled 5.1%fewer inbound containers of cargo in June, as the trade standoff between Washington and Beijing disrupts global supply chains. FILE PHOTO: Shipping containers are pictured at Yusen Terminals (YTI) Read More

Anadarko shareholders to vote next month on Occidental deal

5 days ago DieselGasoil Comments Off on Anadarko shareholders to vote next month on Occidental deal
Anadarko Petroleum Corporation is seen in The Woodlands, Texas, U.S., April 30, 2019. REUTERS/Loren Elliott HOUSTON (Reuters) – Anadarko Petroleum Corp (APC.N) shareholders will vote Aug. 8 on the oil and gas producer’s planned $38 billion sale to Occidental Petroleum Corp – the biggest oil and gas deal of the year. Occidental (OXY.N) avoided its Read More