Oil and Gas News
The U.S. Supreme Court delivered a blow to the rights of workers on Monday by allowing companies to require them to sign away their ability to bring class-action claims against management, agreements already in place for about 25 million employees. The justices, in a 5-4 ruling with the court's conservatives in the majority, endorsed the legality of the growing practice by companies to compel workers to sign arbitration agreements waiving their right to bring class-action claims on various disputes, primarily over wages and hours. The ruling could apply more broadly to discrimination claims but the court did not explicitly address that issue.
Posted on 21 May 2018 | 5:24 pm
General Electric will tie its train engine division to the railroad equipment maker Wabtec in deal worth about $11 billion as GE CEO John Flannery continues to break off parts of the conglomerate. Wabtec CEO Raymond Betler will lead the combined company and its chairman, Albert Neupaver, will be executive chairman. Under the deal announced Monday and approved by the boards of both companies, General Electric Co. will get $2.9 billion in cash.
Posted on 21 May 2018 | 3:40 pm
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Posted on 21 May 2018 | 3:05 pm
Kensington Palace has released three official wedding photographs taken of Prince Harry and the former Meghan Markle shortly after their wedding. Alexi Lubomirski's images include a family portrait of the couple with Queen Elizabeth II, Prince Charles, Prince William and their spouses, as well as Markle's mother and the children who served as bridesmaids and page boys.
Posted on 21 May 2018 | 2:54 pm
Posted on 21 May 2018 | 2:53 pm
You need to rifle through 18 years of history to find selloffs that compare to the one corporate bond investors are now enduring. Debt of American companies just posted their third-worst 100-day returns since 2000, according to a JPMorgan Chase & Co. index, as tighter monetary conditions leave their mark on high-quality bonds with longer maturities. With negative returns likely to scare off retail investors, the outlook for the asset class looks grim, JPMorgan strategists said in a Friday note.
Posted on 21 May 2018 | 2:38 pm
Posted on 21 May 2018 | 2:11 pm
Elon Musk took to Twitter on Saturday to announce a $78,000 version of the Tesla Model 3. The Tesla Model 3 was originally revealed in 2016 as a $35,000 mass-market vehicle. Tesla needs an influx of revenue, and a very expensive trim level of the Model 3 will help.
Posted on 21 May 2018 | 1:59 pm
Posted on 21 May 2018 | 1:59 pm
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Posted on 21 May 2018 | 1:34 pm
Porsche continues to make progress in developing its Mission E electric sports sedan, and apparently it's made enough of them to let former F1 driver and recent Porsche 919 Hybrid endurance car driver Mark Webber take a turn behind the wheel. The company got his test drive on video, along with his impressions. He seems quite pleased.
Posted on 21 May 2018 | 1:15 pm
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Posted on 21 May 2018 | 12:21 pm
(Reuters) - U.S. power company NextEra Energy Inc (NEE.N) said on Monday it would buy some assets including Gulf Power Co and Florida City Gas from rival Southern Co (SO.N) for $5.08 billion (3.8 billion ...
Posted on 21 May 2018 | 12:16 pm
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Posted on 21 May 2018 | 11:16 am
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Posted on 21 May 2018 | 11:05 am
Theranos founder Elizabeth Holmes carefully crafted a persona in order to do what she believed was necessary to fit in the Silicon Valley scene. This persona included a Steve Jobs-esque uniform of black turtlenecks and slacks. A former employee also believes that Holmes altered her voice as part of the persona.
Posted on 21 May 2018 | 11:00 am
The blood-testing company Theranos had been around for 12 years before questions started getting raised about its services. The company, however, had a long history of deceptive practices. In the Wall Street Journal investigative reporter John Carreyrou's new book, "Bad Blood: Secrets and Lies in a Silicon Valley Startup," he describes a demonstration of the technology in 2006 in which recorded blood-testing results were presented as real-time results.
Posted on 21 May 2018 | 11:00 am
Posted on 21 May 2018 | 10:13 am
Posted on 21 May 2018 | 8:29 am
A choppy start to the day, with the crypto majors in the red, but with no major sell-off early on, it could be another positive day ahead, the bulls looking to seize control following last week’s slide across the market.
Posted on 21 May 2018 | 4:44 am
Bangkok Airways Pcl will soon submit specifications for an order of 20 narrow-body planes to Airbus SE, Boeing Co. and Bombardier Inc., its President Puttipong Prasattong-Osoth said. The carrier, which currently has 12 Airbus 319s and nine Airbus 320s, will pick one manufacturer for the order by the end of the year, Puttipong said in an interview Friday. Bangkok Airways has tumbled more than 40 percent since listing in 2014.
Posted on 21 May 2018 | 3:12 am
For investors with a long-term horizon, assessing earnings trend over time and against industry benchmarks is more valuable than looking at a single earnings announcement in one point in time.Read More...
Posted on 21 May 2018 | 12:27 am
Posted on 20 May 2018 | 11:30 pm
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Posted on 20 May 2018 | 3:22 pm
Comey says Steele dossier was not the only factor that led to the FISA warrant and the Trump-Russia investigation; Rep. Devin Nunes calls for more documents to be released on 'Sunday Morning Futures.'
Posted on 20 May 2018 | 3:01 pm
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Posted on 20 May 2018 | 1:55 pm
Epic Games' 'Fortnite' is the hottest game on the internet, surpassing 'Minecraft.' CNBC compiled tips and tricks from the top Fortnite players, like Ninja, Ali-A, Dakotaz and Zaccubus on how to master the game.
Posted on 20 May 2018 | 12:59 pm
Posted on 20 May 2018 | 12:02 pm
The mysterious story of former Theranos president Sunny Balwani, who former employees saw as an 'enforcer' and the SEC charged with fraud
Posted on 20 May 2018 | 12:00 pm
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HONG KONG—Global investors looking to buy stakes in China’s most valuable private technology company are being forced to pick a side in the nation’s biggest business rivalry. Ant Financial Services Group, a financial-technology juggernaut controlled by billionaire Jack Ma, is preparing to close a $10 billion private fundraising round that would value the Hangzhou-based company at $150 billion, according to people familiar with the matter. As part of the deal, investors putting money into Ant have to agree not to invest in or raise their stakes in companies controlled by major rivals such as social-media giant Tencent Holdings Ltd. and online retailer JD.com Inc., the people said.
Posted on 20 May 2018 | 11:05 am
Posted on 20 May 2018 | 10:01 am
Philippine’s President Rodrigo Duterte reiterated that he would not provoke China into a war following reports that the Chinese military landed long-range bombers on an airport in the South China Sea. “You know they have the planes, not stationed in Spratly but near the provinces facing -- Chinese provinces facing the Spratly and the China Sea. Facing criticism over his apparent inaction on China’s increasing military activity in the South China Sea, Duterte questioned where his country would end up should war erupt in the region.
Posted on 20 May 2018 | 3:08 am
Posted on 20 May 2018 | 12:00 am