COPENHAGEN (Reuters) – Danish shipping group Maersk has agreed to join a study by maritime services firm Lloyd’s Register (LR) and UK-based Core Power, that will assess the potential for nuclear-powered container shipping in Europe, LR said on Thursday. The maritime industry has been exploring whether nuclear fuel can be used to power commercial ships …
Maersk agrees to study nuclear-powered container shipping Read More »
By Alexandra Alper and Eric Beech WASHINGTON (Reuters) -A powerful U.S. committee that scrutinizes foreign investment for national security risks fined T-Mobile $60 million, its largest penalty ever, for failing to prevent and report breaches of sensitive data, senior U.S. officials said on Wednesday. The penalty imposed by the Committee on Foreign Investment in the …
US agency fines T-Mobile $60 million over data breaches Read More »
(Reuters) -Cisco Systems forecast better-than-expected first-quarter revenue on Wednesday and said it was cutting 7% of its global workforce as it shifts focus to high-growth areas, sending its shares up 5% in extended trading. The San Jose, California-based company estimates it will recognize pre-tax charges of up to $1 billion in connection with the plan, …
Cisco to cut 7% of jobs globally, forecasts better-than-expected quarterly revenue Read More »
(Reuters) – Starbucks said on Wednesday incoming boss Brian Niccol would get a base salary of $1.6 million after the coffee giant poached the former Chipotle Mexican Grill head to turn around its struggling business. (Reporting by Granth Vanaik in Bengaluru; Editing by Sriraj Kalluvila and Anil D’Silva)
HOUSTON (Reuters) -Oil and gas producer BP Plc told federal regulators on Wednesday that it has reviewed confidential commissioning documents and does not believe Venture Global LNG needs more time to begin commercial production. Venture Global LNG’s Calcasieu Pass plant has been at the center of a long-running dispute involving energy companies including BP and …
BP tells regulators Venture Global does not need more time to start production Read More »
(Reuters) -Barclays drew up plans to pull out of future Israeli government bond auctions as it reviewed its exposure to the country under pressure from pro-Palestinian activists, the Financial Times reported on Wednesday, citing people familiar with the matter. Barclays informed Israeli officials that it planned to continue to work as a so-called primary dealer, …
(Reuters) -Norway’s Equinor and U.S. power company Dominion were the winning bidders in a U.S. government offshore wind auction of two areas off the coasts of Delaware, Maryland and Virginia, the U.S. Interior Department said on Wednesday. The offshore wind lease sale generated less than $93 million in winning bids, making it among the least …
Equinor, Dominion win US Central Atlantic offshore wind auction Read More »
(Refiles to add missing word in paragraph 4) MCLEAN, VIRGINIA (Reuters) – A running joke among residents of McLean, Virginia is that the most secretive organization headquartered in their Washington D.C. suburb is not the Central Intelligence Agency, but rather a confectionery and pet products company. Here, the second-richest U.S. family runs Mars Inc, maker …
Mars’ biggest deal clinched by secretive, deep-pocketed family Read More »
(Reuters) – Global oil trader Vitol SA has agreed to pay $500,000 to settle civil charges from the U.S. Commodity Futures Trading Commission the firm violated position limits for certain exchange-traded oil and cattle contracts, the regulator said on Wednesday. Traders face limits to the scale of the speculative positions they can hold for certain …
Vitol to pay $500,000 to settle CFTC charges over position limits Read More »
BOSTON (Reuters) – Texas’ comptroller has added NatWest to a list of firms that “boycott” energy companies, potentially restricting the bank’s business with state agencies. A spokesman for Comptroller Glenn Hegar said via e-mail on Wednesday that NatWest was added to the list because of restrictions it has added on energy financing. (Reporting by Ross …
