Monday 28th September 2020,
Radio Metta

Business

Oil economy of Texas shows mixed success

Oil economy of Texas shows mixed success

DALLAS, March 29  —Construction tied to the natural gas and renewable energy sectors helped add to contract values in Texas, a report from the Dallas Federal Reserve found. A report last week from the bank suggested the oil-rich economy in Texas was facing headwinds because of pressure from lower crude oil prices. “Declines in energy [...]

March 29, 2016 Saheli Business Comments Off on Oil economy of Texas shows mixed success

Energy work ongoing in Atlantic, advocacy group says

Energy work ongoing in Atlantic, advocacy group says

WASHINGTON, March 29 — With seismic testing tied to the oil and gas sector continuing in the Atlantic, an advocacy group called on Washington to make good on clean-energy pledges. The U.S. Bureau of Ocean Energy Management announced consent for the first-everwind energy research facility offshore Virginia this week. The research plan envisions the installation [...]

March 29, 2016 Saheli Business Comments Off on Energy work ongoing in Atlantic, advocacy group says

Oil dealt major blow as supply-side strains persist

Oil dealt major blow as supply-side strains persist

NEW YORK, March 29  — Concerns about U.S. monetary policy moves and ongoing supply-side strains sent crude oil prices plummeting in early trading Tuesday. Industry data show U.S. stockpiles of crude oil remain at 80-year highs despite signs of a slowdown in domestic crude oil production. A recent drilling survey from the U.S. Energy Information [...]

March 29, 2016 Saheli Business Comments Off on Oil dealt major blow as supply-side strains persist

Defense contractors pay $8M to settle defective flares allegations

Defense contractors pay $8M to settle defective flares allegations

WASHINGTON, March 29 — Two U.S. Defense contractors are settling allegations of selling defective counter-measure flares to the U.S. Army in violation of the False Claims Act. The U.S. Justice Department identified the companies as the Kilgore Flares Company of Tennessee and the ESM Group of New York. The two agreed to pay a total [...]

March 29, 2016 Saheli Business Comments Off on Defense contractors pay $8M to settle defective flares allegations

Britain contracts for Hawk trainer aircraft support

Britain contracts for Hawk trainer aircraft support

LONDON, March 29 — Britain’s Ministry of Defense has committed more than $527 million for four contracts for continued in-service support of Hawk training aircraft. The fleet of Hawk TMk1 and TMk2 aircraft made by BAE Systems are used by Royal Air Force and Royal Navy for military flying training prior to conversion onto frontline [...]

March 29, 2016 Saheli Business Comments Off on Britain contracts for Hawk trainer aircraft support

CACI International wins $180 million geospatial intel contract

CACI International wins $180 million geospatial intel contract

ARLINGTON, Va., March 29  —Geospatial analytic support services are to be provided to the U.S. Special Operations Command by CACI International. The contract issued to the company has a one-year base performance period with four one-year options. The prime contract carries a total value of $180 million. “CACI has a long history of providing intelligence [...]

March 29, 2016 Saheli Business Comments Off on CACI International wins $180 million geospatial intel contract

Fourth-quarter GDP revised up; corporate profits fall

Fourth-quarter GDP revised up; corporate profits fall

U.S. economic growth slowed in the fourth quarter, but not as sharply as previously estimated, with fairly strong consumer spending offsetting the drag from efforts by businesses to reduce an inventory overhang. Gross domestic product increased at a 1.4 percent annual rate instead of the previously reported 1.0 percent pace, the Commerce Department said on [...]

March 27, 2016 Saheli Business Comments Off on Fourth-quarter GDP revised up; corporate profits fall

James Patterson Has a Big Plan for Small Books

James Patterson Has a Big Plan for Small Books

People already read James Patterson’s books — and in staggering numbers. Last year, he and his team of writers had 36 books land on the New York Times best-seller list. To date, he has published 156 books that have sold more than 325 million copies worldwide. But Mr. Patterson is after an even bigger audience. [...]

March 21, 2016 Saheli Business Comments Off on James Patterson Has a Big Plan for Small Books

Fed approves Goldman acquisition of GE Capital’s U.S. online deposits

Fed approves Goldman acquisition of GE Capital’s U.S. online deposits

Goldman Sachs Group Inc (GS.N) received permission on Monday to complete its $17 billion acquisition of GE Capital Bank’s U.S. online deposits. The deal, which was approved by the Federal Reserve, had been pending since August 2015. Goldman would control around $95 billion in deposits through its GS Bank unit following the acquisition, according to [...]

March 21, 2016 Saheli Business Comments Off on Fed approves Goldman acquisition of GE Capital’s U.S. online deposits

Exclusive: DBS seen as frontrunner for Barclays’ HK, Singapore wealth units – sources

Exclusive: DBS seen as frontrunner for Barclays’ HK, Singapore wealth units – sources

Singapore’s DBS Group Holdings (DBSM.SI) is seen leading the race to buy British bank Barclays’ (BARC.L) Hong Kong and Singapore private wealth units, valued at as much as $300 million, sources with knowledge of the situation said on Monday. The other bidder left in the race is rival Singaporean lender Oversea-Chinese Banking Corp (OCBC.SI), the [...]

March 21, 2016 Saheli Business Comments Off on Exclusive: DBS seen as frontrunner for Barclays’ HK, Singapore wealth units – sources

FanDuel and DraftKings shut down games in New York

FanDuel and DraftKings shut down games in New York

Top daily fantasy sports companies FanDuel and DraftKings agreed to stop taking money in New York on Monday, amid a months-long fight with the state’s attorney general over whether the games are illegal gambling. New York Attorney General Eric Schneiderman said the companies had agreed to immediately stop operating paid contests in the state and [...]

March 21, 2016 Saheli Business Comments Off on FanDuel and DraftKings shut down games in New York

IHS to buy data provider Markit, combined company to base in UK

IHS to buy data provider Markit, combined company to base in UK

U.S.-based IHS Inc (IHS.N) agreed to buy Markit Ltd (MRKT.O) to create a $13 billion London-based data and business research provider, in the latest example of a U.S. company moving its domicile overseas where corporate tax rates are lower. The companies said IHS shareholders will own about 57 percent of the combined company following the [...]

March 21, 2016 Saheli Business Comments Off on IHS to buy data provider Markit, combined company to base in UK