London / DPA Sitting in a room full of maps, Paul Defendi and Tommy Bartram ask each other over and over again the quickest way from A to B. Trance-like, they recite the names of streets and check the length of routes with a piece of string. The pair are students at London’s Knowledge Point, where they’re studying to ...
Read More »They can cross the border legally only as ‘dead’
Tijuana / DPA Hector Barajas was 17 years old when he joined the US Army. Born in Mexico, he crossed the border illegally when he was just a child. He was able to join the military after obtaining legal residency in the United States. “When I enlisted they promised me that if I served the United States they would ...
Read More »Biggest US asphalt plant to shut down
Bloomberg Axeon Specialty Products LLC is shuttering the US largest asphalt refinery when the country might need it the most. The Stamford, Connecticut-based company announced last month it plans to close its Paulsboro, New Jersey, refinery, and convert it into a terminal. The planned shutdown comes as President Donald Trump has pledged to build new roads, highways and bridges ...
Read More »Oil advances for third week as US imposes new Iran sanctions
Bloomberg Oil capped a third weekly gain as the US imposed fresh sanctions on Iran after a missile test and OPEC reached about 60 percent of its output-cut target. Futures climbed 0.5 percent in New York. The new restrictions were announced as President Donald Trump seeks to punish Tehran for its ballistic missile program after warning the Islamic Republic ...
Read More »Williams gets US nod for $3bn shale gas pipeline
Bloomberg Williams Cos. won US approval to build its $3 billion Atlantic Sunrise natural gas pipeline expansion in the Northeast, ending a review that ran almost two years and forced delays in the project. The 200-mile (322-kilometer) pipeline will expand shipments from shale formations by enough to serve 7 million homes, according to Williams. The Federal Energy Regulatory Commission ...
Read More »Vivint Solar to partner with sister firm
Bloomberg Vivint Solar Inc. is getting back to its roots. This time last year, the Blackstone Group LP-backed rooftop solar installer was trying to close its proposed acquisition by SunEdison Inc., then the world’s largest clean-energy company. Now, 11 months after that deal fell apart, it’s again partnering with sister company Vivint Smart Home. Chief Executive Officer David Bywater ...
Read More »Dakota Access pipeline to start pumping oil in June
Bloomberg The $3.8 billion Dakota Access crude oil pipeline may start operating June 1, assuming no new obstacles prevent it, according to a person familiar with the matter. Energy Transfer Partners LP, the developer of the pipeline, will begin filling it with oil around February 15, barring complaints or legal action to stop it, said the person, who asked ...
Read More »Regional demand likely to soften Trump’s ‘tariff’ blow in Asia
Bloomberg If Donald Trump slapped China with punishing tariffs, the pain would also be felt by Japan, South Korea and Taiwan, vital cogs in a regional supply chain that allows China to build widgets and gadgets for the world. But Asia boasts a fast-growing middle class now numbering in the hundreds of millions, meaning China and other regional exporters ...
Read More »Jindal in talks to sell plant for over $1.5bn
Bloomberg Jindal Steel & Power Ltd., seeking to cut debt after eight straight quarters of losses, is in talks with companies including billionaire Gautam Adani’s Adani Power Ltd. about selling a 2,400-megawatt Indian electricity plant, people with knowledge of the matter said. The New Delhi-based company has been in discussions about selling the plant to Adani Power as lenders ...
Read More »Honda profit jumps on cost cuts, absence of huge recall expenses
TOKYO / AP Tokyo-based Honda Motor Co. reported a 36 percent jump in profit for October-December on year, shrugging off damage from a strong yen, and the Japanese automaker raised its full year forecast. Cost cuts lifted fiscal third quarter profit to 168.8 billion yen ($1.5 billion), up from 124.1 billion yen the previous year. Also helping was the ...
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