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Coca-Cola chooses plastic bottle collection over aluminum cans to cut carbon footprint

November 6, 2019 admin Comments Off on Coca-Cola chooses plastic bottle collection over aluminum cans to cut carbon footprint

Coca-Cola is committed to collecting and recycling plastic bottles rather than switching to aluminum cans as the world’s largest soft drinks maker seeks to reduce its carbon footprint, its chief executive officer told Reuters. Along with multinational rivals including PepsiCo and Nestle , Coca-Cola has started offering recyclable aluminum cans as well as plastic bottles for some water brands as the industry reacts to public outrage over the world’s oceans being polluted with plastic waste. …read more […]

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Chesapeake Energy Plunges to 20-Year Low as Street Loses Faith

November 6, 2019 admin Comments Off on Chesapeake Energy Plunges to 20-Year Low as Street Loses Faith

(Bloomberg) — Chesapeake Energy Corp. collapsed to a 20-year low Wednesday, one day after the shale gas driller warned it may not be able to outlast low fuel prices and issued a “going concern” notice.Shares fell as much as 24% intraday to their lowest since 1999. The stock also briefly dipped below the $1/share mark, and Wall Street isn’t optimistic on Chesapeake’s future.“While we don’t expect this move to come as a surprise given balance sheet issues, the going concern warning in the most recent 10-Q highlighted a declining leverage covenant that may be [to] difficult overcome in our view,” …read more […]

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Exclusive: U.S.-China trade deal signing could be delayed until December: U.S. source

November 6, 2019 admin Comments Off on Exclusive: U.S.-China trade deal signing could be delayed until December: U.S. source

A meeting between U.S. President Donald Trump and Chinese President Xi Jinping to sign a long-awaited interim trade deal could be delayed until December as discussions continue over terms and venue, a senior official of the Trump administration told Reuters on Wednesday.

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UPDATE 1-Several dead in attack on Canadian miner Semafo convoy in Burkina Faso

November 6, 2019 admin Comments Off on UPDATE 1-Several dead in attack on Canadian miner Semafo convoy in Burkina Faso

Canadian gold miner Semafo said on Wednesday that several people had been killed when a convoy transporting some of its workers was attacked on a road in eastern Burkina Faso. This is the third deadly attack suffered by Semafo in 15 months, with two occurring in August last year also targeting vehicles in transit between Semafo’s mines. The attack took place on the road between Semafo’s Fada and Boungou mine sites, about 40 kilometres from Boungou, the company said in a statement. …read more […]

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UPDATE 1-American Airlines CEO says expects 737 MAX approval in near future

November 6, 2019 admin Comments Off on UPDATE 1-American Airlines CEO says expects 737 MAX approval in near future

American Airlines Group expects U.S. Federal Aviation Administration approval of Boeing Co’s grounded 737 MAX jets in the near future, Chief Executive Doug Parker said on Wednesday. Like other U.S. 737 MAX airlines, American is scheduling without the aircraft until the FAA approves new software and training updates by Boeing after two fatal crashes. Boeing has said it is targeting FAA approval this year. …read more […]