Day: January 16, 2018

Tess Torelli January 16, 2018

Swiss bank UBS said Monday that President Donald Trump deserves praise for his pro-growth policies. Those efforts in making the U.S. a more business-friendly economy, which include the recently passed tax reform, are often under-appreciated, said Mike Ryan, UBS Wealth Management’s chief investment officer for Americas. But the president has “changed the perception of what’s […]

Tess Torelli January 16, 2018

Emile Wamsteker | Bloomberg | Getty Images A pedestrian walks past the Hess petroleum terminal in Bogota, New Jersey. Hess is cutting roughly 13 percent of its workforce and streamlining operations as it battles Elliott Management, an activist hedge fund shareholder pushing for the U.S. oil and gas producer to post its first quarterly profit […]

Tess Torelli January 16, 2018

Keeping with the trend, the Permian Basin in Texas and New Mexico will account for most of the gains. EIA sees Permian drillers increasing their output by 76,000 barrels a day. Another Texas shale oil region, the Eagle Ford, is expected to chip in growth of 15,000 barrels a day. Production from North Dakota’s Bakken […]

Tess Torelli January 16, 2018

Airlines called off more than 800 Texas flights on Tuesday as a winter storm hit the eastern part of the state, where its largest airports are located. More than 600 flights in or out of Houston’s George Bush Intercontinental Airport, a United Airlines hub, were canceled Tuesday, according to flight-tracking site FlightAware. The forecast for […]

Tess Torelli January 16, 2018

Haley wants a complete cutoff in U.S. money until the Palestinians resume peace talks with Israel that have been frozen for years. But Tillerson, Mattis and others say ending all assistance would exacerbate instability in the Mideast, notably in Jordan, a host to hundreds of thousands of Palestinian refugees and a crucial U.S. strategic partner. […]

Tess Torelli January 16, 2018

Swiss food group Nestle agreed to sell its U.S. confectionery business to Italy’s Ferrero for $2.8 billion, it said on Tuesday, the first major sale from CEO Mark Schneider and a small step on its path towards healthier products. The U.S. unit, home to local, mass-market names BabyRuth, Butterfinger and Crunch, has been underperforming rivals […]

Tess Torelli January 16, 2018

BP said on Tuesday it expected to take a post-tax non-operating charge of around $1.7 billion in its fourth quarter results as part of the settlement of the deadly 2010 Deepwater Horizon spill in the United States. BP said the Court Supervised Settlement Program set up in the wake of the disaster was now winding […]