Finance

Finance Shell Approves Its First North Sea Oil Project In Six Years
Author: 0 Shell Approves Its First North Sea Oil Project In Six Years

Steve Phimister , the vice-president for UK & Ireland Upstream, said: "Shell has had a strong presence in this part of the northern North Sea for more than forty years". Shell will drill an additional eight wells, which will be tied back to the new FPSO vessel. "Penguins demonstrates the importance of Royal Dutch Shell's North Sea assets to the firm's upstream portfolio", said Andy Brown , director of Shell's oil and gas production, known as Upstream.

Author: 0 Earnings focus propels stocks rally, Dow tops 26000

The blue-chip index, however, eased from its peak as a pullback in oil prices weighed on energy stocks. The investment bank revealed (as it had already flagged) that its fourth quarter earnings have been wiped out by a US$22bn charge related to the new U.S.

Author: 0 Cuomo Releases 2019 State Budget Proposal

As one remedy for ringing more revenue out of an increasingly squeezed tax base, Cuomo said he is considering a new employer-paid income tax on wages, a replacement for state income tax that is now paid by wage earners. He has warned it could hurt New York's business climate and cause wealthy New Yorkers to leave for lower-tax states - which would impact the state's tax revenue.

Finance GE takes one-off hit of $6.2 bn linked to insurance activities
Author: 0 GE takes one-off hit of $6.2 bn linked to insurance activities

It has underperformed by 8.78% the S&P500. Schwab Charles Investment Management Inc decreased its stake in Allstate Corp (ALL) by 0.18% based on its latest 2017Q3 regulatory filing with the SEC. Boston Partners raised its position in General Electric by 7,892.3% in the second quarter. Partnervest Advisory Services Limited Liability, California-based fund reported 22,153 shares.

Finance Ferrero buys Nestle's USA candy business for $2.8 billion
Author: 0 Ferrero buys Nestle's USA candy business for $2.8 billion

Nestle is selling almost $3 billion worth of its USA candy brands, including Butterfinger, BabyRuth and Nerds, to Ferrero, the maker of Nutella, according to the companies. The figure only represented around three percent of its overall U.S. sales, Nestle said. Giovanni Ferrero, executive chairman of the Ferrero Group, said: "We are very excited about the acquisition of Nestlé's United States confectionary business, which has an outstanding portfolio of iconic brands with rich histories ...

Finance UnitedHealth Group Incorporated (NASDAQ:UNH) To Report Earnings
Author: 0 UnitedHealth Group Incorporated (NASDAQ:UNH) To Report Earnings

The stock increased 0.19% or $0.02 during the last trading session, reaching $12.9. The Altavista Wealth Management Inc holds 14,228 shares with $2.79 million value, down from 18,387 last quarter. 810.94 million shares or 0.66% less from 816.36 million shares in 2017Q2 were reported. Daiwa Securities Group Inc Inc has invested 0.15% in UnitedHealth Group Incorporated (NYSE: UNH ).

Finance McDonald's Packaging to Go Completely Green by 2025
Author: 0 McDonald's Packaging to Go Completely Green by 2025

The fast food giant also aims to recycle guest packaging in all its restaurants by then, compared with only 10 percent of its restaurants now. Last spring, 32 per cent of McDonald's shareholders voted for a resolution to end the use of containers made from polystyrene, known as foam in the US.

Author: 0 Will Bank of America Corporation (BAC) Run Out of Steam Soon?

The institutional investor held 989,318 shares of the major banks company at the end of 2017Q3, valued at $25.07M, down from 1.00 million at the end of the previous reported quarter. Hutchin Hill Cap Ltd Partnership owns 27,100 shares for 0.03% of their portfolio. Douglass Winthrop Advisors Ltd Llc has 0.03% invested in Bank of America Corporation (NYSE: BAC ).

Author: 0 Korea to Curb Cryptocurrency Speculation, but to Support Blockchain R&D

Bitcoin was on a free fall Tuesday, reaching below USD12,000 for the first time since December 5, amid reports that China is stepping up crackdown on cryptocurrency "Exchange-Like Services.". "We do not think that the complete banning of cryptocurrencies is possible". Still, it's a long way before Ethereum can usurp Bitcoin's dominance of the market with the latter commanding a market cap of over $200 billion.

Finance Modi slams Congress for 'false promises'
Author: 0 Modi slams Congress for 'false promises'

The project will generate employment in the state as well. "We have to identify our targets and work towards achieving them by 2022, when we mark 75 years of freedom", he said, adding that the 9 million tonnes per annum (MTPA) refinery too would be completed by 2022.

Finance Google building three underwater cables to expand Cloud, compete with Amazon
Author: 0 Google building three underwater cables to expand Cloud, compete with Amazon

The company says five new regions are to come on stream beginning the first quarter of 2018 with the Netherlands and Montreal, followed by Los Angeles, Finland and Hong Kong. Facebook , Aqua Comms, and Bulk Infrastructure are also involved in the development of the cable, which will be built by TE Subcom and is due for completion in 2019.

Finance Singapore, Malaysia sign railway deal
Author: 0 Singapore, Malaysia sign railway deal

LTA says the RTS Link will adopt standards for rolling stock, signalling communications and integrated control from Singapore's Thomson East Coast Line (TEL), which will interchange with the RTS Link at Woodlands North. The RTS Link is to cross the Straits of Johor via a 25 m high bridge, and would then go underground to reach Woodlands North station in Singapore .

Finance AT&T being urged to stop its commercial relationship with Huawei
Author: 0 AT&T being urged to stop its commercial relationship with Huawei

Along with the concern that mass use of Chinese technology could have national security implications, senators and other legislators also specifically worry that AT&T is unduly working with Huawei in developing standards for 5G, the next generation of wireless technology.

Finance Citigroup reports steep fourth quarter losses tied to U.S. tax reform
Author: 0 Citigroup reports steep fourth quarter losses tied to U.S. tax reform

Citigroup , the fourth-largest USA bank by assets, said it expects to benefit in future quarters from the new tax law as its tax rate falls to about 25% in 2018 from 30% in 2017. Excluding the tax switcheroo, the company would have made $1.28 per share compared to $1.19. Loans that the bank considers to have doubtful repayment potential, also known as non-accrual loans, declined 17% to $4.8 billion, with consumer non-accrual loans declining 15% and corporate non-accrual loans declining 20%.

Finance Premier Foods posts third quarter sales increase
Author: 0 Premier Foods posts third quarter sales increase

Gavin Darby, chief executive, said: "We delivered another good quarter of growth, with sales up 4.0% in Q3 and +2.6% in the first three quarters of the year". Another of Premier's star performers over the festive quarter was dessert food Angel Delight, which saw sales leap 30 per cent higher after the introduction of ready-made pots past year.

Finance BP to Take $1.7 Billion Charge Over Deepwater Horizon Spill
Author: 0 BP to Take $1.7 Billion Charge Over Deepwater Horizon Spill

The oil giant said it expects to spread the impact of the charge over multiple years. The charge announced on Tuesday is related to a court-supervised settlement program after a class-action lawsuit to resolve claims for business losses and other claims related to the oil spill.

Finance Personal Group Holdings plc (PGH) Insider Buys £1039.70 in Stock
Author: 0 Personal Group Holdings plc (PGH) Insider Buys £1039.70 in Stock

About 900,173 shares traded. Humana Inc. (NYSE:HUM) has risen 35.38% since January 16, 2017 and is uptrending. It has underperformed by 11.43% the S&P500. The rating was maintained by Peel Hunt on Wednesday, November 23 with "Buy". Lvm Capital Management Ltd acquired 2,085 shares as Amgen (AMGN)'s stock declined 9.68%.

Finance More Snow Expected Monday Afternoon Into Tuesday
Author: 0 More Snow Expected Monday Afternoon Into Tuesday

Highs today will likely be in the mid and upper 20's. 6/10 (↑): The little system that could should give us up to an inch or two tonight , and that is about it for a while. A few slick spots will remain possible overnight and for the early morning commute. A few late day rain showers are possible. With this warm up, we will see scattered snow showers develop in the afternoon and evening.

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