Drillers added two oil rigs in the week to Nov. 16, bringing the total count to 888, still the highest level since March 2015, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday. U.S. crude output from seven major shale basins was expected to rise 113,000 barrels per day to a record 7.9 million bpd in December, driven...
Shares in the troubled department store chain dived 14 percent in early trade before recovering to gain almost 3 percent, as new Chief Executive Jill Soltau gave the first indications of her plans to turn a profit and avoid becoming the next big U.S. retail casualty. The Plano, Texas- based company has also changed strategy several times, alienating its core...
Next-day prices for Thursday, meanwhile, rose to their highest since January at the Henry Hub benchmark in Louisiana, Dominion South in Pennsylvania and Chicago citygate. Cheniere Energy Inc expects new liquefaction trains at its LNG export terminals in Sabine Pass in Louisiana and Corpus Christi in Texas to enter service in the near future.
After having fallen from $80 at the turn of the century, shares in the chain of department stores were down nearly 10 percent on Thursday, taking them closer to "penny stock" territory, or a value under $1. The Plano, Texas- based company has also changed strategy several times, alienating middle-aged and older women a group it considers a core demographic as it chased...
Shares in the company dropped nearly 12 percent to $1.10 in premarket trade after the department store chain's same-store sales in the third quarter fell well short of Wall Street estimates. The Plano, Texas- based company said sales at stores open for at least 12 months fell 5.4 percent in the three months ended Nov. 3. Wall Street analysts on average had expected...
FRANKFURT- EURO FINANCE WEEK is the largest meeting of the banking and finance industry in Europe with more than 4,000 visitors and more than 20 specialist conferences and networking events. LONDON- Bank of England hosts "2nd conference on Forecasting at Central Banks" at 20 Moorgate Auditorium, London. LONDON- Bank of England MPC memeber Silvana Tenreyro...
NEW YORK, Nov 14- Prominent short-seller Kyle Bass said on Wednesday that China needs a "reset" that will require it to recapitalize its banks and reset its relationship with the rest of the world, including the United States and President Donald Trump. Bass, the founder of Dallas- based Hayman Capital Management, said at the Reuters Global Investment 2019 Outlook...
WASHINGTON, Nov 14- The U.S. National Transportation Safety Board opened an investigative hearing on Wednesday into the fatal engine explosion on a Southwest Airlines Boeing 737 that killed one passenger. Dallas- based Southwest has been under scrutiny since an engine on a flight headed from New York to Dallas blew apart in mid-air over Pennsylvania,...
WASHINGTON, Nov 14- The U.S. National Transportation Safety Board opened an investigative hearing on Wednesday into the fatal engine explosion on a Southwest Airlines Boeing 737 that killed one passenger. Dallas- based Southwest has been under scrutiny since an engine on a flight headed from New York to Dallas blew apart in mid-air over Pennsylvania,...
Nov 14- The U.S. National Transportation Safety Board is set to hold an investigative hearing on Wednesday about a midair incident in April during which an engine on a Southwest Airlines Boeing 737 exploded over Pennsylvania, killing one passenger. Dallas- based Southwest has been under intense scrutiny in the months since an engine on a flight headed from New...
*'HQ2' split between Long Island City and Northern Virginia. SAN FRANCISCO/ WASHINGTON, Nov 13- Amazon.com Inc picked America's financial and political capitals for massive new offices on Tuesday, branching out from its home base in Seattle with plans to create more than 25,000 jobs in both New York City and an area just outside Washington, D.C..
HOUSTON, Nov 13- Shares of oilfield services firm Weatherford International on Tuesday slipped below $1 apiece, to a 29- year low, the latest sign that investors are losing confidence in its turnaround plan. Pressures on its share price intensified in the past two weeks after the Houston- based company missed its free cash flow targets in latest quarter, and said...
NEW YORK, Nov 13- U.S. crude oil output from seven major shale basins was expected to hit a record of 7.94 million barrels per day in December, according to a monthly government forecast released on Tuesday. The total oil output from the basins was expected to rise 113,000 bpd, driven largely by increases in the Permian Basin of Texas and New Mexico, where output was...
SAN FRANCISCO/ WASHINGTON, Nov 13- Amazon.com Inc picked America's financial and political capitals for its split new headquarters, saying on Tuesday it will build offices for more than 25,000 people each in New York City and close by Washington, D.C.. In addition, Nashville, Tennessee, will become Amazon's fourth-biggest U.S. office outside Seattle with more...
NEW YORK/ HOUSTON, Nov 13- General Electric Co plans to raise $4 billion in needed cash by year end, the company said on Tuesday, speeding its planned sale of a stake in oilfield services unit Baker Hughes. It has had three CEOs since July 2017 and its stock has fallen more than 80 percent since 2000.. Based on Tuesday's share price, the sale would raise about $4 billion.
HOUSTON, Nov 13- General Electric Co on Tuesday unveiled a plan to raise about $4 billion by accelerating a proposed sale of a stake in oilfield services provider Baker Hughes, its latest move to simplify its businesses and reduce debt. Based on Tuesday's share price of $23.76, the sale would raise around $3.97 billion. GE, which bought Houston- based Baker Hughes in...
WASHINGTON, Nov 12- Amazon.com Inc will on Tuesday announce it has selected New York and Northern Virginia for its second headquarters, a source told Reuters, ending a more than year-long contest that has seen frenzied bidding from locales across North America. Amazon's plan to split its second headquarters, dubbed "HQ2", evenly between two cities will boost its...
*American Airlines pilots were also unaware of issue- union. JAKARTA/ DALLAS Nov 13- Indonesian investigators said on Monday more training was needed for Boeing 737 MAX pilots after discovering the situation believed to have faced the crew of a doomed Lion Air jet was not contained in the aircraft's flight manual. Dennis Tajer, a 737 captain and spokesman for...
Nov 12- Amazon.com Inc plans to announce on Tuesday that it has selected New York and Northern Virginia as locations for its second headquarters, a source familiar with the matter told Reuters on Monday. The company was planning to split its second headquarters, dubbed "HQ2", evenly between two cities, and among the finalists that Amazon was holding advanced talks...
*American Airlines pilots were also unaware of issue- union. JAKARTA/ DALLAS Nov 13- Indonesian investigators said on Monday more training was needed for Boeing 737 MAX pilots after discovering the situation believed to have faced the crew of a doomed Lion Air jet was not contained in the aircraft's flight manual. Dennis Tajer, a 737 captain and spokesman for...
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