Admin
December 29, 2018 Regional News
Bloomberg The US may be exporting natural gas at a record clip, but that hasn’t stopped it from accepting new imports. A tanker with fuel from Nigeria has berthed at the Cove Point import terminal in Maryland, while a second ship with Russian gas is idling outside Boston Harbor. Pipeline constraints, depleted stockpiles and a 98-year-old law barring foreign ships …
Read More »
Admin
December 29, 2018 Energy
Bloomberg If you ever needed convincing there’s money to be made investing in renewable energy companies, just look at the best performer this year on Europe’s main utilities index. As a torrid year for global markets draws to a close, Verbund AG almost tripled in value in 2018 and is beating all of its 27 peers to the top spot …
Read More »
Admin
December 29, 2018 Energy
Bloomberg Chesapeake Energy Corp shares rose the most in two years after board member Archie Dunham, former chief executive of ConocoPhillips’ predecessor company, bought more than $4 million in additional stock. Dunham purchased 2.1 million shares December 21, according to a filing with the US Securities and Exchange Commission, nearly doubling his position this month to over 1 percent of …
Read More »
Admin
December 29, 2018 Technology
Bloomberg Toyota Motor Corp. has sold enough cars to put one outside every Japanese home. Now it wants to put robots inside. Well-known for its automated assembly lines, Toyota sees a not-so-far-off future in which robots transcend the factory and become commonplace in homes, helping with chores — and even offering companionship — in an aging society where a quarter …
Read More »
Admin
December 29, 2018 Automobile
Bloomberg The year 2018 was very good for the car industry. According to Cox Automotive, US auto sales are expected to total 17.2 million units in this year, which is more than last year and the fourth year in a row to beat 17 million, finishing above the firm’s forecasts. For starters, there’s the convertible version of the Bentley Continental …
Read More »
Admin
December 29, 2018 Technology
Bloomberg Sony Corp., the biggest maker of camera chips used in smartphones, is boosting production of next-generation 3D sensors after getting interest from customers including Apple Inc. The chips will power front- and rear-facing 3D cameras of models from several smartphone makers in 2019, with Sony kicking off mass production in late summer to meet demand, according to Satoshi Yoshihara, …
Read More »
Admin
December 29, 2018 Technology
Bloomberg New York City police will deploy a camera-equipped drone above Times Square, along with new “counter-drone technology†blocking other devices from the area, where they expect as many as 2 million New Year’s Eve revelers. The drone technology is the newest innovation developed by the largest US police department as it prepares for an annual event that already features …
Read More »
Admin
December 29, 2018 Banking
Bloomberg President Donald Trump may get the Federal Reserve interest rate-hike pause he wants as his attacks on the Fed and the government shutdown roil stock markets and shave 2019 forecasts for economic growth. The S&P 500 fell 2.7 percent, bringing US stocks to the brink of a bear market after a drop of almost 20 percent from a September …
Read More »
Admin
December 29, 2018 Banking
Bloomberg More than a year after Russia nationalised three leading private lenders, the magnitude of the losses is starting to take shape and criminal investigations are being opened against former owners and management. The bad bank that took on some 2 trillion rubles ($30 billion) in non-performing assets from Bank Otkritie FC, B&N Bank and Promsvyazbank still isn’t ready to …
Read More »
Admin
December 29, 2018 Banking
Bloomberg Wells Fargo & Co will pay $575 million to settle state-level claims over sales practices, marking the latest cost in the fallout from a series of scandals that erupted at the bank more than two years ago. The settlement with 50 states and the District of Columbia announced resolves state investigations into Wells Fargo’s practices from 2002 to 2017. …
Read More »