Shell plans to spend about $3 billion (2.3 billion pounds) per year for the next five years on shale projects, said Amir Gerges, vice president of Permian assets for Shell, at the Argus Americas Crude Summit in Houston. Its Permian Basin production rose more than 100,000 barrels per day in the last year. …read more […]
Investor William Ackman updated clients on his portfolio on Wednesday saying his Pershing Square Capital Management exited its Starbucks Corp. position as future growth looks less robust but will stick with last year’s biggest winner, Chipotle Mexican Grill Inc. .
Yahoo Finance’s Adam Shapiro breaks down today’s top trending stories on On The Move. …read more […]
Ford Motor Co said Wednesday Canadian officials have opened a preliminary investigation into the automaker’s emissions certification process.
Macy’s will close 175 retail stores and they will also be cutting about 2,000 corporate jobs. Direxion Managing Director Dave Mazza joins the On the Move panel to discuss what this means for the retailer. …read more […]
South Korea’s Kia Motors is discussing with the Indian state of Tamil Nadu the possibility of moving a $1.1 billion plant out of neighboring Andhra Pradesh only months after it fully opened, due to policy changes last year, sources close to the talks told Reuters.
Disney calls out weak sales of Mickey and Minnie merchandise. …read more […]
BNP Paribas is looking for further opportunities to expand its investment banking franchise in Europe and fortify its lead over local rivals after last year taking over Deutsche Bank’s electronic equity and prime broking operations.
Wind and solar power are transforming global energy supplies.
But both resources come with unique issues.
Solar panels are useless at night. And wind is unpredictable in many areas of the world.
But as battery costs have dropped, energy storage is starting to assist solar and wind. As a result, utilities, businesses and homeowners can now store electricity.
Energy Storage
Storage allows electricity to “time shift.” It’s stored during periods of low use, when it’s cheap and abundant.
During peak use periods, stored power is added to baseload supplies. A typical, 24-hour electricity demand curve looks like the one below.
It’s called a “duck curve.” You can …read more […]
Professional networking platform LinkedIn’s chief executive officer, Jeff Weiner, said on Wednesday that he would step down from his position effective June 1.
Wall Street rallied for a third straight day on Wednesday after a clutch of positive data painted a stronger picture of the U.S. economy but the Nasdaq pulled back from record levels as losses in Tesla shares weighed.
The funding brings Nestle’s total investment to $473 million, increasing the Swiss company’s stake to 19.9% of Aimmune’s outstanding stock and voting power. Nestle’s investment is an incremental positive for Aimmune’s shares, which have seen some weakness due to investor worries over financing, Piper Sandler analyst Christopher Raymond wrote in a note. “With this additional investment, we think the prospect of an outright take out by Nestle (or anyone else for that matter) has to be factored in more than before,” Raymond said. …read more […]
LinkedIn CEO Jeff Weiner will step down as the company’s chief executive officer. He will be replaced by Ryan Roslansky who is the current Senior Vice President of Products and User Experience. Yahoo Finance’s Julie Hyman covers the breaking news story on On The Move. …read more […]
(Bloomberg) — A Boeing Co. passenger jet operated by Turkish discount carrier Pegasus Airlines split in two after veering off the runway as it landed in wet weather in Istanbul with 183 people on board.Authorities said no-one was killed in the incident at Sabiha Gokcen airport on the Asian side of the city, with video footage showing passengers fleeing through gaps in the fuselage. The rear of the plane caught fire, while the front became detached and appeared to have come to a rest upside down.Turkish Transportation Minister Cahit Turhan said in televised comments that emergency teams were evacuating the …read more […]
Look overseas for opportunities in stocks. You might be tempted to skip investing in international stocks with the sector’s weak recent performance in contrast with U.S. markets. But the international … …read more […]
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