SandRidge Energy Board Ousts Founder Tom Ward, Names CFO James Bennett as CEO and President
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LONDON, March 25- U.S. distributors and freight hauliers have held down diesel consumption even as their business recovers from recession by making thousands of small changes to their operations. In 2013, FedEx will have improved the fuel efficiency of its U.S vehicle fleet by 22 percent compared with 2005, Chairman Frederick Smith said at CERA Week.
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RIO DE JANEIRO, March 24- Brazilian billionaire Eike Batista needs partners to help fund the expansion of his EBX Group, a situation that could lead him to cut his stake in EBX companies by more than half, fellow billionaire Andre Esteves told the Estado de S. Paulo newspaper.
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TOKYO, March 24- Japan Airlines Co may buy about 20 A350 jets from Airbus for around 400 billion yen, the Nikkei daily reported on Sunday, a move that would reduce its reliance on Boeing. Japan Airlines and Airbus could not be immediately reached for comment.
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SINGAPORE, March 24- Lion Air's record aircraft orders underline the ambitious plans the privately held Indonesian group is hatching to emerge as a pan-Asian low cost carrier, throwing a serious challenge to AirAsia Bhd, the region's biggest budget airline.
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*Says 50 million tonnes of oil a year to China "achievable". MOSCOW, March 22- Rosneft's ambitious goal of increasing oil supplies to China to 50 million tonnes a year is achievable, the company's head Igor Sechin said in a television interview on Friday.
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Suppliers like T. Boone Pickens' Clean Energy Fuels, Royal Dutch Shell and China's private ENN Group are scrambling to build natural gas fueling stations along U.S. highways, while Cummins-Westport Inc will begin later this year selling a 12- liter natural gas engine able to power the biggest trucks on the road.
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TOKYO/ SEATTLE, March 22- Japan's Civil Aviation Bureau said on Friday that preparations are not yet complete for any test flight of Boeing Co's grounded 787 Dreamliner this week.
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SAN FRANCISCO, March 21- The U.S. government is expanding a cybersecurity program that scans Internet traffic headed into and out of defense contractors to include far more of the country's private, civilian-run infrastructure.
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SAN FRANCISCO/ WASHINGTON, March 21- The U.S. government is expanding a cybersecurity program that scans Internet traffic headed into and out of defense contractors to include far more of the country's private, civilian-run infrastructure.
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The Postal Service, which lost $16 billion last year, had announced last month its plan to switch to five-day mail service to save $2 billion annually.
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The Postal Service, which lost $16 billion last year, had announced last month its plan to switch to five-day mail service to save $2 billion annually.
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*Travelers left stranded in Frankfurt. FRANKFURT, March 21- Lufthansa canceled close to 40 percent of its flights on Thursday as staff went on strike on the eve of wage talks with the German airline, which is trying to cut costs to compete with Middle East and low-cost carriers.
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LONDON/ BARCELONA, March 20- Spanish infrastructure firm Abertis is expecting non-binding offers for its airports business before the end of March, in a deal worth about 900 million euros, two sources familiar with the process said on Wednesday.
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*West African crude replacing Iranian shipments to India, China. Chief Executive Herbjorn Hansson said Western sanctions on doing business with Iran had led to an increase in oil shipments from West African countries to energy-hungry China and India- longer routes that generate bigger revenues for shipping firms.
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LONDON, March 20- Cutting vehicle weight may be the next main advance in reducing the financial and environmental cost of motoring. That synergy was summed up by the International Council on Clean Transportation, a research group, in a report it published in January: "Summary of mass reduction impacts on EU cost curves".
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LONDON/ CAIRO, March 20- When it raises tolls in May, Egypt's Suez Canal Authority will know that fuel costs rule out alternative routes, but some in the shipping industry say the calculation could reach a tipping point if the risk of delays from unrest increases.
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NEW DELHI, March 20- State carrier Air India will seek compensation in cash from Boeing for losses caused by the grounding of its 787 Dreamliners, rather than discounts on future purchases, a senior government source said on Wednesday. Boeing's 50 Dreamliners in service have been grounded since mid-January following two incidents involving battery problems.
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*FedEx to step-up cost-cutting, reduce international capacity. March 20- FedEx Corp cut its full-year forecast after a worse-than-expected third-quarter profit as customers shift from air express to slower but cheaper modes of shipping.
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March 20- FedEx Corp reported a worse-than-expected quarterly profit due to weakness in its air express business, and said it would step up its cost-cutting program as customers shift to cheaper forms of freight transportation. FedEx shares fell 3 percent in premarket trading. Excluding items, FedEx earned $1.23 per share.
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The No. 2 U.S. package-delivery company said net income fell to $361 million, or $1.13 per share, in the third quarter, from $521 million, or $1.65 per share, a year earlier.
Behind the Wheel with Phil Lebeau
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A new study shows drivers who use hands free cell phones to talk or send messages while on the road are more distracted.
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With Chevy Volt sales lagging and inventory backing up, General Motors is offering up to $5,000 cashback.
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A decade after the Toyota Prius became the first hybrid to get large numbers of buyers, sales of the car need a charge.
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