Bloomberg Three of the nation’s biggest airlines canceled all flights to the three major New York City-area airports on Tuesday as carriers grounded more than 5,570 trips ahead of a winter storm that threatens to batter the U.S. Northeast. The New York area was under a blizzard warning with snowfall of as much as 20 inches (51 centimeters) and ...
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TAG Heuer forecasts higher 2017 sales
Bloomberg TAG Heuer, a Swiss watch brand that has bucked the industry’s slump, expects to build on last year’s double-digit sales growth in 2017, supported by an upgraded smartwatch and healthier demand in China, the biggest market for luxury timepieces. Chief Executive Officer Jean-Claude Biver said on Tuesday his “cautious†forecast is for TAG Heuer’s sales to rise 8 ...
Read More »Berlin Airport union attacks Ryanair for ‘strikebreaking’ tactic
Bloomberg Striking Berlin airport workers may cease giving notice of walkouts after Ryanair Holdings Plc began using its own ground staff to help maintain services from the German capital. The tactic of bringing in foreign ‘strikebreakers’ poses a security threat because the Ryanair employees are being granted so-called air-side access without sufficient checks, the Ver.di union said on Tuesday. ...
Read More »Hidden beneath paint!
CATSKILL, NY / AP Not only did Thomas Cole paint the lush mountain landscapes that inspired the Hudson River School art movement of the 19th century, he also painted on the walls of his home. Lost beneath layers of paint for more than a century, the patterned borders below the ceilings were rediscovered several years ago and are now ...
Read More »Engie eyes bid for $19.8bn German green utility Innogy
Bloomberg Engie SA is considering an offer for German renewable-energy utility Innogy SE as its majority owner RWE AG weighs strategic options, people familiar with the matter said. The former French natural-gas monopoly is speaking to advisers and hasn’t made a final decision about whether to proceed, the people said, asking not to be identified because the deliberations are ...
Read More »Malaysia Petchem JV search continues after Saudis join hub
Bloomberg Petronas Chemicals Bhd., a unit of Malaysia’s state energy company, said it’s in talks with petrochemical firms from Asia and Europe to invest in a $27 billion oil refining and petrochemical project, sustaining hope the country can find a partner after at least three previous deals fell through. Companies from Japan, South Korea, China, Taiwan and Italy have ...
Read More »Oil drops after Saudi raises production
Bloomberg Oil declined after Saudi Arabia told OPEC it raised production back above 10 million barrels a day in February, reversing about a third of the cuts it made the previous month. Futures tumbled 1.5 percent in New York, reversing earlier gains. The kingdom, which had curbed supplies more than it needed in January as part of a deal ...
Read More »Glencore enters Mexican fuel-stations business
Bloomberg Glencore Plc is entering the fuel-stations business in Mexico with a 15-year supply deal and a $200 million investment in a joint-venture with local owners, according to people familiar with the decision. The agreement is the first significant move for Glencore in the retail fuel sector. It comes as commodities traders including Vitol Group BV and Trafigura Group ...
Read More »Trump tax cut may save oil drillers $10 billion, boost drilling
Bloomberg The Trump administration’s plan to slash corporate tax rates could free up more than $10 billion a year for US oil explorers, opening new opportunities to boost drilling at a time of uncertainty in marketplace. Crude prices in New York have fallen 10 percent since the end of 2016 as added drilling in America’s shale fields offset an ...
Read More »Toshiba mulls sale of majority stake in Westinghouse unit
Bloomberg Toshiba Corp.’s troubles deepened yet again as the Japanese company missed a second deadline to report earnings and said it may sell a majority stake in its Westinghouse nuclear business. The Tokyo-based conglomerate is reevaluating Westinghouse’s position within the group and it may deconsolidate the nuclear unit by selling a controlling equity stake. Toshiba made the announcement as ...
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