KUALA LUMPUR, May 20- Rare earths producer Lynas Corp said on Monday it has signed a memorandum of understanding with Texas- based Blue Line Corp to set up a rare earths separation facility in the United States. The move comes as the United States, which is highly reliant on the world's biggest producer China for rare earths, is prioritizing the sourcing of its own...
May 20- Rare earths producer Lynas Corp said on Monday it has signed a memorandum of understanding with Texas- based Blue Line Corp to set up a rare earths separation facility in the United States. Lynas' move into the United States follows ongoing regulatory issues at its processing plant in Malaysia. Lynas and Blue Line will cooperate over the next year to...
HOUSTON, May 18- Carlyle Group LP is in discussions with three companies that operate pipelines and terminals to sell a 25% stake in its Corpus Christi, Texas, crude oil export terminal for $625 million, according to a source familiar with the matter. Carlyle is also in talks with the three companies to jointly operate a crude oil pipeline from Houston to Corpus...
*Washington- Tehran tensions spill over into Iraq. BASRA, Iraq/ DUBAI, May 18- Exxon Mobil has evacuated all of its foreign staff, around 60 people, from Iraq's West Qurna 1 oilfield and is flying them out to Dubai, a senior Iraqi official and three other sources told Reuters on Saturday. Production at the oilfield was not affected by the evacuation and work is...
WASHINGTON, May 17- New corporate headquarters are springing up across the United States. The Bentonville, Ark. based-company is building a new headquarters in its hometown- a project it announced in September 2017- that will spread over 300 acres and house its nearly 17,000 employees with room to accommodate more as it creates new jobs. For example, Amazon.com...
CARACAS, May 16- U.S. refiner Citgo sought to sign a contract with a firm owned by a Venezuelan accused of involvement in the drug trade by the U.S. government, according to a complaint by Citgo's former human resources director filed in a Texas court. Marisol Gomez said she was fired after refusing to approve a contract with the firm owned by Samark Lopez, who the U.S....
The FAA is planning a meeting on May 23 in Fort Worth, Texas, with regulators from around the world to update them on reviews of Boeing's software fix and on pilot training. Aviation regulators from other countries will have to assess Boeing's proposed fixes and clear the aircraft to fly in other regions independently of the FAA. The FAA said on Thursday that...
Once the requests are addressed, Boeing will work with the FAA to schedule its certification test flight and submit final certification documentation, the company said. The FAA is planning a meeting on May 23 in Fort Worth, Texas, with air regulators from around the world to update them on reviews of Boeing's software fix and new pilot training.
May 16- San Francisco- based cloud software company Salesforce.com Inc on Thursday said it was joining a White House initiative to provide training for new skills to U.S. workers. The White House's "Pledge to America's Workers" initiative was launched last year, with more than 200 companies participating in the programme. Salesforce said that Chief Executive...
The International Air Transport Association said it would convene a meeting in Montreal, Canada on May 23 and invite airlines that have the Boeing 737 MAX in their fleet or on order. Boeing's 737 MAX was grounded worldwide in March following a fatal Ethiopian Airlines crash that killed all 157 on board just five months after a similar crash on a Lion Air flight...
CHICAGO, May 15- U.S. lean hog futures on the Chicago Mercantile Exchange rose for a second day on Wednesday, supported by expectations of increased demand for U.S. pork as African swine fever spreads in China's hog herd and elsewhere, traders said. "The African swine fever news and talk was everywhere today," said Dennis Smith, broker for Archer Financial Services in...
A U.S. Coast Guard spokeswoman declined to confirm the reopening. Forty-one ships were waiting at noon to enter the 53- mile waterway connecting the refining hubs of Houston and Texas City to the Gulf of Mexico, up from 33 on Wednesday morning, the group said. The collision between the liquid petroleum gas tanker Genesis River and two barges under tow by Kirby...
At a congressional hearing, the chairman of the U.S. House Transportation and Infrastructure Committee told the FAA it must "get it right" in deciding when to allow the Boeing 737 MAX to fly again. "The world is watching and the FAA and Boeing must get it right," Representative Peter DeFazio said. He said the FAA will only allow the plane to resume flights when it is "...
Depending on where you live, you could still afford to buy even if you're still paying back loans.
TEL AVIV, May 15- Israeli chip manufacturer TowerJazz reported on Wednesday lower first quarter net profit although it still matched estimates, as weakness in the data center market weighed on revenue. TowerJazz, which specializes in analog chips used in cars, medical sensors and power management, posted fully diluted earnings per share excluding one-time...
NEW YORK, May 14- U.S. and European stocks regained ground on Tuesday after President Donald Trump downplayed the U.S.- China trade war as "a little squabble" a day after a spike in tensions between the world's two largest economies rattled financial markets. Fears that the United States and China were spiraling into a fiercer, more protracted trade dispute that...
NEW YORK, May 14- General Electric Co won the most orders in the sharply contracting market for new gas-fired power plants in the first quarter, according to people familiar with the matter. But GE faces rising competition, complicating new Chief Executive Larry Culp's efforts to turn around the company's ailing power unit. Rival Mitsubishi Hitachi Power...
HOUSTON, May 14- A bottleneck of inbound traffic on the Houston Ship Channel eased on Tuesday though one-way travel restrictions remained following a weekend collision between a deep-draft ship and a barge, officials said on Tuesday. West Texas Intermediate crude at the Magellan East Houston terminal on the ship channel traded at an $8.10 a barrel premium to...
HOUSTON, May 14- ConocoPhillips Chief Executive Officer Ryan Lance on Tuesday repeated a pledge to restrain spending, saying the U.S. oil producer would not be drawn into pricey mergers and acquisitions. Rival Occidental Petroleum Corp last week agreed to buy rival Anadarko Petroleum Corp for $38 billion in a deal that includes expensive financing from...
HOUSTON, May 14- A bottleneck of inbound traffic on the Houston Ship Channel eased on Tuesday though one-way travel restrictions remained following a weekend collision between a deep-draft ship and a barge, officials said on Tuesday. Thirty-five ships were waiting at 6 a.m. local time to enter the 53- mile waterway connecting the refining hubs of Houston and...
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