Amazon is trying to soften its image as regulatory scrutiny of Big Tech grows

But rather than fiercely fighting every battle, Amazon looks like its ready to play nice. In March, Amazon dropped a policy that prevented merchants from offering lower prices on other websites following an investigation request by Sen. Richard Blumenthal (D-Conn.). Last month, the company scaled back some of its most aggressive promotion tactics after Sen. Elizabeth Warren (D-Mass.) And late last year Amazon raised its minimum wage to $15 following criticism of the company’s working conditions


But rather than fiercely fighting every battle, Amazon looks like its ready to play nice. In March, Amazon dropped a policy that prevented merchants from offering lower prices on other websites following an investigation request by Sen. Richard Blumenthal (D-Conn.). Last month, the company scaled back some of its most aggressive promotion tactics after Sen. Elizabeth Warren (D-Mass.) And late last year Amazon raised its minimum wage to $15 following criticism of the company’s working conditions
Amazon is trying to soften its image as regulatory scrutiny of Big Tech grows Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-14  Authors: eugene kim, brent lewis, denver post, getty images, david ryder
Keywords: news, cnbc, companies, big, growing, tech, soften, sen, stores, scrutiny, amazon, trying, business, winatallcost, regulatory, image, following, working, looks, grows, company


Amazon is trying to soften its image as regulatory scrutiny of Big Tech grows

Amazon’s relentless pursuit of growth in retail, cloud computing, advertising and consumer devices has put the company squarely in the sights of Washington lawmakers who are concerned about Big Tech’s growing influence over consumers. But rather than fiercely fighting every battle, Amazon looks like its ready to play nice.

In March, Amazon dropped a policy that prevented merchants from offering lower prices on other websites following an investigation request by Sen. Richard Blumenthal (D-Conn.). Last month, the company scaled back some of its most aggressive promotion tactics after Sen. Elizabeth Warren (D-Mass.) called out abusive business practices. And late last year Amazon raised its minimum wage to $15 following criticism of the company’s working conditions by Sen. Bernie Sanders (D-VT).

Amazon also confirmed to CNBC that it would soon start accepting cash at the Amazon Go cashierless stores as a growing number of cities and states push for laws that require all stores to serve the unbanked. It’s all part of a strategy to be more likable at a time when tech companies are drawing heat for behavior that looks increasingly anti-competitive.

“I believe Amazon has made the connection between likability and immunity from regulation,” said NYU business professor Scott Galloway, author of “The Four: The Hidden DNA of Amazon, Apple, Facebook, and Google.”

This is a different company from the vigorously defensive, win-at-all-cost Amazon we’re used to seeing.


Company: cnbc, Activity: cnbc, Date: 2019-04-14  Authors: eugene kim, brent lewis, denver post, getty images, david ryder
Keywords: news, cnbc, companies, big, growing, tech, soften, sen, stores, scrutiny, amazon, trying, business, winatallcost, regulatory, image, following, working, looks, grows, company


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China’s factory activity unexpectedly grows in March, a private survey shows

Manufacturing activity in China expanded unexpectedly in March at its fastest pace in eight months, a private survey showed on Monday. The Caixin PMI is a private survey focused on smaller businesses and offers a first glimpse into the operating environment. Despite the strength of China’s March manufacturing data, there are still reasons to be cautious about the country’s near-term outlook, said Julian Evans-Pritchard, senior China economist at Capital Economics. “On that note, the official PMI


Manufacturing activity in China expanded unexpectedly in March at its fastest pace in eight months, a private survey showed on Monday. The Caixin PMI is a private survey focused on smaller businesses and offers a first glimpse into the operating environment. Despite the strength of China’s March manufacturing data, there are still reasons to be cautious about the country’s near-term outlook, said Julian Evans-Pritchard, senior China economist at Capital Economics. “On that note, the official PMI
China’s factory activity unexpectedly grows in March, a private survey shows Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-01  Authors: huileng tan, str – afp – getty images
Keywords: news, cnbc, companies, sector, unexpectedly, trade, activity, private, data, grows, pmi, talks, chinas, factory, manufacturing, official, rose, survey, shows


China's factory activity unexpectedly grows in March, a private survey shows

Manufacturing activity in China expanded unexpectedly in March at its fastest pace in eight months, a private survey showed on Monday.

The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) came in at 50.8 for March. Analysts had expected it to come in at 49.9 for a second month, according to a Reuters poll of economists.

A reading below 50 signals contraction, while a reading above that level indicates expansion.

New orders climbed to their highest level in four months, while the index for new export orders returned to expansionary territory, “showing that both domestic and external demand rebounded moderately,” wrote Zhengsheng Zhong, director of macroeconomic analysis at CEBM Group, a subsidiary of Caixin.

Markit and Caixin said in a joint press release that staffing levels at factories rose in March to mark their first expansion since October 2013. Some firms also hired additional workers to support greater production and new business developments, they added.

“Overall, with a more relaxed financing environment, government efforts to bail out the private sector and positive progress in Sino-U.S. trade talks, the situation across the manufacturing sector recovered in March,” said Zhong.

Results of the private survey came after data on Sunday showed the official Purchasing Managers’ Index rose to 50.5 in March from February’s three-year low of 49.2. It marked the first expansion in four months, according to data released by China’s National Bureau of Statistics.

The manufacturing numbers come amid ongoing tariff talks between the U.S. and China aimed at resolving their trade differences. High-level trade negotiations between the two economic powerhouses are set to resume in Washington this week following last week’s talks in Beijing.

The Caixin PMI is a private survey focused on smaller businesses and offers a first glimpse into the operating environment. It is closely watched as an alternative to the official PMI.

Despite the strength of China’s March manufacturing data, there are still reasons to be cautious about the country’s near-term outlook, said Julian Evans-Pritchard, senior China economist at Capital Economics.

The breakdown of both the official and private PMI indexes suggests a slight recovery in external demand, with most of the improvement coming from a pick-up in domestic demand, wrote Evans-Pritchard in a note on Monday.

“We suspect that this was driven by stronger fiscal support since local governments have stepped up bond issuance recently,” he added. “On that note, the official PMI for the construction sector rose last month, consistent with an acceleration in infrastructure spending.”

China’s growth could still weaken in the near-term as indicated by recent credit growth data and a sharp decline in land sales purchases, Evans-Pritchard said.

Results of the Caixin PMI survey for the services sector are due to be released on Wednesday.

— Reuters contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-04-01  Authors: huileng tan, str – afp – getty images
Keywords: news, cnbc, companies, sector, unexpectedly, trade, activity, private, data, grows, pmi, talks, chinas, factory, manufacturing, official, rose, survey, shows


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‘Let’s get on with it’: Frustration grows in EU circles as Brexit talks stall

There is growing frustration in Brussels as Brexit negotiations rumble on with only a few days left before an official departure date for the U.K.”Let’s get on with it. This issue is not new in the Brexit process, with certain U.K. lawmakers heavily criticizing this insurance policy that the U.K. government formulated with the EU last year. U.K. lawmakers are due to vote again on the Withdrawal Agreement Tuesday evening, after they rejected it by a 230 vote-margin back in January. Michel Barnier


There is growing frustration in Brussels as Brexit negotiations rumble on with only a few days left before an official departure date for the U.K.”Let’s get on with it. This issue is not new in the Brexit process, with certain U.K. lawmakers heavily criticizing this insurance policy that the U.K. government formulated with the EU last year. U.K. lawmakers are due to vote again on the Withdrawal Agreement Tuesday evening, after they rejected it by a 230 vote-margin back in January. Michel Barnier
‘Let’s get on with it’: Frustration grows in EU circles as Brexit talks stall Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-11  Authors: silvia amaro
Keywords: news, cnbc, companies, stall, policy, lawmakers, uk, vote, insurance, frustration, talks, withdrawal, commitments, eu, brexit, irish, lets, circles, grows


'Let's get on with it': Frustration grows in EU circles as Brexit talks stall

There is growing frustration in Brussels as Brexit negotiations rumble on with only a few days left before an official departure date for the U.K.

“Let’s get on with it. We have bigger fish to fry,” an EU official with knowledge of the negotiations but who preferred to remain anonymous because of the sensitivity of the situation, told CNBC Sunday regarding the mood in Brussels and ahead Tuesday’s vote in London.

Talks between the U.K. and the EU stalled over the weekend, after both sides failed to come to an agreement over the “Irish backstop” — an insurance policy which aims to prevent a hard border between Northern Ireland and the Republic of Ireland.

This issue is not new in the Brexit process, with certain U.K. lawmakers heavily criticizing this insurance policy that the U.K. government formulated with the EU last year. It was seen as a key reason why the U.K. Parliament overwhelmingly rejected May’s deal in January.

However, the deadlock is becoming more pressing by the minute ahead of a key vote in the U.K. Parliament Tuesday — and roughly two weeks away from the U.K.’s scheduled departure date from the EU. If the U.K. does not approve an exit deal there’s a significant risk that it will leave without any arrangements, bringing uncertainty to businesses and citizens on both sides of the English Channel.

U.K. lawmakers are due to vote again on the Withdrawal Agreement Tuesday evening, after they rejected it by a 230 vote-margin back in January. Since then, the U.K. has tried to get further concessions from the EU side, but the other 27 countries have refused to change its stance.

Michel Barnier, the EU’s chief Brexit negotiator, tried to appease the concerns among U.K. lawmakers regarding the Irish backstop on Friday. Barnier said the U.K. would not be forced into a customs union against its will and reiterated that he is ready to strengthen two important commitments that are already in the Withdrawal Agreement.

These commitments state that the EU will act in good faith and it will use its best endeavors to prevent having to trigger the Irish backstop. European officials believe that these commitments prove that the 27 countries do not want to reach a state whereby they have to implement this insurance policy. Given that these promises are written in the Withdrawal Agreement they are legally binding.


Company: cnbc, Activity: cnbc, Date: 2019-03-11  Authors: silvia amaro
Keywords: news, cnbc, companies, stall, policy, lawmakers, uk, vote, insurance, frustration, talks, withdrawal, commitments, eu, brexit, irish, lets, circles, grows


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IHG full-year room revenue grows on China demand

InterContinental Hotels Group said on Tuesday its full-year room revenue grew as more people checked into its 380 hotels in the Greater China region. The Denham, UK-based owner of brands such as Crowne Plaza, Holiday Inn and InterContinental said revenue per available room grew 2.5 percent in the twelve months to Dec. 31, slightly lower than the 2.7 percent growth reported a year earlier. The group posted a 7.7 percent rise in 2018 reported operating profit to $816 million, higher than the $807.


InterContinental Hotels Group said on Tuesday its full-year room revenue grew as more people checked into its 380 hotels in the Greater China region. The Denham, UK-based owner of brands such as Crowne Plaza, Holiday Inn and InterContinental said revenue per available room grew 2.5 percent in the twelve months to Dec. 31, slightly lower than the 2.7 percent growth reported a year earlier. The group posted a 7.7 percent rise in 2018 reported operating profit to $816 million, higher than the $807.
IHG full-year room revenue grows on China demand Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-19
Keywords: news, cnbc, companies, grew, million, rise, group, markets, ihg, hotels, intercontinental, reported, demand, china, revenue, room, grows, fullyear


IHG full-year room revenue grows on China demand

InterContinental Hotels Group said on Tuesday its full-year room revenue grew as more people checked into its 380 hotels in the Greater China region.

The Denham, UK-based owner of brands such as Crowne Plaza, Holiday Inn and InterContinental said revenue per available room grew 2.5 percent in the twelve months to Dec. 31, slightly lower than the 2.7 percent growth reported a year earlier.

The group posted a 7.7 percent rise in 2018 reported operating profit to $816 million, higher than the $807.54 million expected by analysts, according to company supplied consensus estimates.

“While there are macroeconomic and geopolitical uncertainties in some markets, we are confident in the year ahead…,” Chief Executive Officer Keith Barr said in a statement.

Barr has steered IHG towards affluent Chinese customers to lessen the firm’s dependence on highly mature U.S. markets, while aggressively rebranding to compete against the likes of Marriott and Hilton, which have sprawling luxury portfolios, including the Ritz-Carlton, St. Regis, Waldorf Astoria and DoubleTree.

The group’s Greater China operations registered a 6.9 percent rise in comparable RevPAR, a key hotel industry metric, with room revenue rising 1.9 percent in the United States, its largest market.

IHG has banked on corporate demand but has lately struggled to adapt to the changing travel landscape as business travellers and holidaymakers increasingly opt for cheaper accommodation offered by Airbnb.

IHG, which has said it would return $500 million to shareholders through a special dividend by the first quarter of 2019, proposed a 10 percent rise in its final dividend to 78.1 cents, citing its “confident” outlook.

The group has often returned surplus cash to investors, but disappointed them last year when it said it won’t pay out any additional capital after announcing plans to go more upmarket.


Company: cnbc, Activity: cnbc, Date: 2019-02-19
Keywords: news, cnbc, companies, grew, million, rise, group, markets, ihg, hotels, intercontinental, reported, demand, china, revenue, room, grows, fullyear


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Sony names new PlayStation chief as speculation grows over its next big console

Sony’s gaming division appointed senior executive Jim Ryan as its new president and CEO on Tuesday. Ryan will be appointed to his new role on April 1, taking the reins from John Kodera, Sony Interactive Entertainment (SIE) said in a statement. “Our Game & Network Services business has grown into the Sony Group’s largest business in terms of both sales and operating income,” Yoshida said in a statement. Speculation has been growing over the firm’s next big console, as the PS4 approaches the end o


Sony’s gaming division appointed senior executive Jim Ryan as its new president and CEO on Tuesday. Ryan will be appointed to his new role on April 1, taking the reins from John Kodera, Sony Interactive Entertainment (SIE) said in a statement. “Our Game & Network Services business has grown into the Sony Group’s largest business in terms of both sales and operating income,” Yoshida said in a statement. Speculation has been growing over the firm’s next big console, as the PS4 approaches the end o
Sony names new PlayStation chief as speculation grows over its next big console Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: ryan browne, patrick t fallon, bloomberg, getty images
Keywords: news, cnbc, companies, sales, speculation, big, yoshida, grows, president, chief, appointed, wijman, names, console, business, sonys, sony, services, playstation


Sony names new PlayStation chief as speculation grows over its next big console

Sony’s gaming division appointed senior executive Jim Ryan as its new president and CEO on Tuesday.

Ryan will be appointed to his new role on April 1, taking the reins from John Kodera, Sony Interactive Entertainment (SIE) said in a statement.

The executive previously served as SIE’s deputy president and was head of global sales and marketing before that.

“Our Game & Network Services business has grown into the Sony Group’s largest business in terms of both sales and operating income,” Yoshida said in a statement. “Furthermore, our business in this domain holds significant importance as our growth driver going forward.”

He added: “At the same time, this industry is relentlessly fast-moving, and to remain the market leader, we must constantly evolve ourselves with a sense of urgency.”

The move marks the second time in two years that the company has named a new PlayStation boss — Kodera was appointed in October 2017 — and comes after it reported a drop in profits and sales of its PlayStation 4 console.

Speculation has been growing over the firm’s next big console, as the PS4 approaches the end of its lifecycle. Sony President and CEO Kenichiro Yoshida confirmed last year that the product was in development, but remained tight-lipped on the branding and features.

Tom Wijman, senior market analyst at gaming research firm Newzoo, said the leadership change was likely about Sony’s renewed focus on the services side of its business, the PlayStation Network, or PSN.

“Two key trends play a role here: firstly, game franchises are slowly turning into entertainment franchises,” Wijman said. “Secondly, in an era of gaming-as-a-service and the upcoming games subscriptions, owning IP (intellectual property) is very valuable.”


Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: ryan browne, patrick t fallon, bloomberg, getty images
Keywords: news, cnbc, companies, sales, speculation, big, yoshida, grows, president, chief, appointed, wijman, names, console, business, sonys, sony, services, playstation


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This start-up buys your home, rents it back to you and lets you profit if the value grows

They don’t have the credit scores to qualify for a home equity loan or a cash-out refinance. At the end of the lease, you choose if you want to stay or go. The company gives the homeowner about 70 percent of the appraised value of the home. That is because at the end of the lease term the former homeowner must either buy the home back or sell it to someone else. If they choose to have EasyKnock sell, they get the full value of the sale, including appreciation, minus the 70 percent EasyKnock paid


They don’t have the credit scores to qualify for a home equity loan or a cash-out refinance. At the end of the lease, you choose if you want to stay or go. The company gives the homeowner about 70 percent of the appraised value of the home. That is because at the end of the lease term the former homeowner must either buy the home back or sell it to someone else. If they choose to have EasyKnock sell, they get the full value of the sale, including appreciation, minus the 70 percent EasyKnock paid
This start-up buys your home, rents it back to you and lets you profit if the value grows Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-04  Authors: diana olick, bob briscoe, david pence
Keywords: news, cnbc, companies, startup, grows, end, lets, credit, profit, easyknock, homeowner, sale, equity, term, buys, lease, value, rents, sell


This start-up buys your home, rents it back to you and lets you profit if the value grows

Homeowners today are sitting on a record amount of equity, thanks to the recent run-up in home prices, but a lot of them can’t access that cash. They don’t have the credit scores to qualify for a home equity loan or a cash-out refinance.

Enter EasyKnock, a barely 2-year-old company that will give you cash for your home and then let you stay on as a renter for up to five years. At anytime during that lease, you can buy your home back. At the end of the lease, you choose if you want to stay or go.

“EasyKnock is a company that is allowing people to access equity in their home that have been shut out by the traditional lending market,” said Jarred Kessler, CEO of EasyKnock. “Around 23 percent of the housing market has built up equity in their home and they can’t release it. That’s due to FICO score, about 15 million small-business owners who have been shut out by the credit markets, or people who have missed a credit card payment or mortgage payment.”

EasyKnock’s model is not, however, a traditional investor purchase. The company gives the homeowner about 70 percent of the appraised value of the home. This protects EasyKnock from any depreciation in the home over the term of the lease and simultaneously gives the homeowner a future stake in any appreciation in the home’s value. That is because at the end of the lease term the former homeowner must either buy the home back or sell it to someone else. If they choose to have EasyKnock sell, they get the full value of the sale, including appreciation, minus the 70 percent EasyKnock paid and minus a 1.5 percent commission on the final sale price.

EasyKnock makes money through monthly rent, which is negotiated as part of the sale, and through the extra fees tied to the purchase and to the inevitable sale of the home to someone else at the end of the lease term. Since it is not a lender, it does not need to consider FICO credit scores. Kessler said once the lease is up, the tenant has to decide whether or not to sell to a third party or buy the home back.

“We are not in the business of continuing to own homes,” he added.


Company: cnbc, Activity: cnbc, Date: 2019-02-04  Authors: diana olick, bob briscoe, david pence
Keywords: news, cnbc, companies, startup, grows, end, lets, credit, profit, easyknock, homeowner, sale, equity, term, buys, lease, value, rents, sell


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This start-up buys your home, rents it back to you and lets you profit if the value grows

They don’t have the credit scores to qualify for a home equity loan or a cash-out refinance. At the end of the lease, you choose if you want to stay or go. The company gives the homeowner about 70 percent of the appraised value of the home. That is because at the end of the lease term the former homeowner must either buy the home back or sell it to someone else. If they choose to have EasyKnock sell, they get the full value of the sale, including appreciation, minus the 70 percent EasyKnock paid


They don’t have the credit scores to qualify for a home equity loan or a cash-out refinance. At the end of the lease, you choose if you want to stay or go. The company gives the homeowner about 70 percent of the appraised value of the home. That is because at the end of the lease term the former homeowner must either buy the home back or sell it to someone else. If they choose to have EasyKnock sell, they get the full value of the sale, including appreciation, minus the 70 percent EasyKnock paid
This start-up buys your home, rents it back to you and lets you profit if the value grows Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-04  Authors: diana olick, bob briscoe, david pence
Keywords: news, cnbc, companies, rents, sell, homeowner, lease, credit, term, end, value, lets, easyknock, grows, sale, startup, equity, buys, profit


This start-up buys your home, rents it back to you and lets you profit if the value grows

Homeowners today are sitting on a record amount of equity, thanks to the recent run-up in home prices, but a lot of them can’t access that cash. They don’t have the credit scores to qualify for a home equity loan or a cash-out refinance.

Enter EasyKnock, a barely 2-year-old company that will give you cash for your home and then let you stay on as a renter for up to five years. At anytime during that lease, you can buy your home back. At the end of the lease, you choose if you want to stay or go.

“EasyKnock is a company that is allowing people to access equity in their home that have been shut out by the traditional lending market,” said Jarred Kessler, CEO of EasyKnock. “Around 23 percent of the housing market has built up equity in their home and they can’t release it. That’s due to FICO score, about 15 million small-business owners who have been shut out by the credit markets, or people who have missed a credit card payment or mortgage payment.”

EasyKnock’s model is not, however, a traditional investor purchase. The company gives the homeowner about 70 percent of the appraised value of the home. This protects EasyKnock from any depreciation in the home over the term of the lease and simultaneously gives the homeowner a future stake in any appreciation in the home’s value. That is because at the end of the lease term the former homeowner must either buy the home back or sell it to someone else. If they choose to have EasyKnock sell, they get the full value of the sale, including appreciation, minus the 70 percent EasyKnock paid and minus a 1.5 percent commission on the final sale price.

EasyKnock makes money through monthly rent, which is negotiated as part of the sale, and through the extra fees tied to the purchase and to the inevitable sale of the home to someone else at the end of the lease term. Since it is not a lender, it does not need to consider FICO credit scores. Kessler said once the lease is up, the tenant has to decide whether or not to sell to a third party or buy the home back.

“We are not in the business of continuing to own homes,” he added.


Company: cnbc, Activity: cnbc, Date: 2019-02-04  Authors: diana olick, bob briscoe, david pence
Keywords: news, cnbc, companies, rents, sell, homeowner, lease, credit, term, end, value, lets, easyknock, grows, sale, startup, equity, buys, profit


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Death toll grows to 60 from tragic collapse of a dam owned by Brazilian mining giant Vale

A dam collapse connected to an iron ore mine owned by Vale has killed dozens of people in southeastern Brazil and left rescue workers with little hope of finding survivors among the hundreds still missing. The tragedy is the second major disaster linked to Brazilian mining giant Vale in about three years. In 2015, another dam at the Samarco mine jointly owned by Vale and BHP Billiton burst, killing 19 people in Minas Gerais state and causing Brazil’s worst environmental disaster. In both cases,


A dam collapse connected to an iron ore mine owned by Vale has killed dozens of people in southeastern Brazil and left rescue workers with little hope of finding survivors among the hundreds still missing. The tragedy is the second major disaster linked to Brazilian mining giant Vale in about three years. In 2015, another dam at the Samarco mine jointly owned by Vale and BHP Billiton burst, killing 19 people in Minas Gerais state and causing Brazil’s worst environmental disaster. In both cases,
Death toll grows to 60 from tragic collapse of a dam owned by Brazilian mining giant Vale Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-28  Authors: tom dichristopher, adriano machado, washington alves, mauro pimentel, afp, getty images
Keywords: news, cnbc, companies, vales, disaster, collapse, tragic, owned, mining, toll, giant, death, vale, dam, minas, samarco, gerais, grows


Death toll grows to 60 from tragic collapse of a dam owned by Brazilian mining giant Vale

A dam collapse connected to an iron ore mine owned by Vale has killed dozens of people in southeastern Brazil and left rescue workers with little hope of finding survivors among the hundreds still missing.

Shares of Vale plummeted amid a wave of investment bank downgrades, as fines and penalties began to mount and the ultimate impact on Vale’s finances remained uncertain.

The tragedy is the second major disaster linked to Brazilian mining giant Vale in about three years. In 2015, another dam at the Samarco mine jointly owned by Vale and BHP Billiton burst, killing 19 people in Minas Gerais state and causing Brazil’s worst environmental disaster.

In both cases, a dam holding back a tailing pond burst, spilling torrents of sludge into the surrounding area. The reservoirs contain byproducts from mining operations known as tailings.

The collapse at Vale’s Corrego do Feijao mine near the city of Brumadinho on Friday, also in Minas Gerais, was not as large as the 2015 Samarco disaster, but it has proven far more deadly.


Company: cnbc, Activity: cnbc, Date: 2019-01-28  Authors: tom dichristopher, adriano machado, washington alves, mauro pimentel, afp, getty images
Keywords: news, cnbc, companies, vales, disaster, collapse, tragic, owned, mining, toll, giant, death, vale, dam, minas, samarco, gerais, grows


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US oil and gas firms are ready to spend as confidence grows, survey says

The group, which acts as a technical advisor to the oil and gas sector, added that almost half of U.S. companies were preparing for “significant increases” in spending on projects over the coming months. “There are brighter prospects for activity and investment across the value chain this year and beyond,” DNV GL’s Americas Regional Manager Frank Ketelaars said in a press release. Global confidence in the outlook for the oil and gas sector for 2019 sits at 76 percent, more than a doubling from t


The group, which acts as a technical advisor to the oil and gas sector, added that almost half of U.S. companies were preparing for “significant increases” in spending on projects over the coming months. “There are brighter prospects for activity and investment across the value chain this year and beyond,” DNV GL’s Americas Regional Manager Frank Ketelaars said in a press release. Global confidence in the outlook for the oil and gas sector for 2019 sits at 76 percent, more than a doubling from t
US oil and gas firms are ready to spend as confidence grows, survey says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-22  Authors: david reid, andrew burton, getty images
Keywords: news, cnbc, companies, dnv, gas, gls, firms, projects, report, grows, survey, confidence, world, spend, oil, sector, executives, ready


US oil and gas firms are ready to spend as confidence grows, survey says

The group, which acts as a technical advisor to the oil and gas sector, added that almost half of U.S. companies were preparing for “significant increases” in spending on projects over the coming months.

“There are brighter prospects for activity and investment across the value chain this year and beyond,” DNV GL’s Americas Regional Manager Frank Ketelaars said in a press release.

Ketelaars added that expensive “Deepwater projects” could thrive thanks to reduced cost measures, while newer sources such as shale oil and liquefied natural gas (LNG) were also set to grow.

Possible barriers to growth of U.S. oil and gas were the lack of skilled workers at the industry’s disposal as the survey revealed that more than a third (37 percent) of U.S. executives expect to increase their company headcount in 2019.

That number was just 20 percent in the same survey last year.

Global confidence in the outlook for the oil and gas sector for 2019 sits at 76 percent, more than a doubling from the 32 percent recorded in 2017.

U.S. West Texas Intermediate (WTI) traded at around $76 a barrel last October but had slumped to around $42 by December. Meanwhile, in a similar slump, Brent crude has fallen almost 30 percent since climbing to a peak of $86.29 in early October last year.

The DNV GL’s report said that recent volatility hasn’t dented confidence around the world, suggesting that the sector was becoming more comfortable with fluctuating or lower energy prices.

Around seven of 10 executives from different regions said they expected to raise or maintain capital spend while staffing oil and gas positions around the world is also a growing concern with 37 percent of respondents expecting to grow their workforce.

DNV GL’s report is based on a global survey of 791 senior industry professionals. The research, conducted during late October and early November 2018, was carried out by teams from DNV GL, Longitude, and Kantar TNS.


Company: cnbc, Activity: cnbc, Date: 2019-01-22  Authors: david reid, andrew burton, getty images
Keywords: news, cnbc, companies, dnv, gas, gls, firms, projects, report, grows, survey, confidence, world, spend, oil, sector, executives, ready


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Tesla’s influence grows as automakers roll out electric-vehicle plans

From announcing all-electric cars to adding assembly lines specifically for plug-in models, auto executives are ramping up their electric vehicle plans. “Tesla has shown the industry that markets do exist for electric vehicles and the major players have taken notice.” Robinet says the early success of the Model 3 shows there is demand for all-electric vehicles. Until last year, U.S. sales of plug-in models were growing, but limited. In 2017, the auto web site Inside EV’s estimated the top sellin


From announcing all-electric cars to adding assembly lines specifically for plug-in models, auto executives are ramping up their electric vehicle plans. “Tesla has shown the industry that markets do exist for electric vehicles and the major players have taken notice.” Robinet says the early success of the Model 3 shows there is demand for all-electric vehicles. Until last year, U.S. sales of plug-in models were growing, but limited. In 2017, the auto web site Inside EV’s estimated the top sellin
Tesla’s influence grows as automakers roll out electric-vehicle plans Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-15  Authors: phil lebeau, aly song, rebecca cook
Keywords: news, cnbc, companies, teslas, influence, electricvehicle, plugin, automakers, allelectric, plans, model, tesla, auto, models, roll, vehicles, sales, electric, vehicle, grows


Tesla's influence grows as automakers roll out electric-vehicle plans

Tesla may not be this year’s North American international Auto Show, but it’s easy to feel the influence of Elon Musk’s company on the automakers unveiling new vehicles in Detroit.

From announcing all-electric cars to adding assembly lines specifically for plug-in models, auto executives are ramping up their electric vehicle plans.

“There’s no doubt, the auto industry is becoming much more serious about developing electric vehicles driven by the need for emissions compliance in He U.S., China and Europe.” said Michael Robinet, analyst with IHS Markit. “Tesla has shown the industry that markets do exist for electric vehicles and the major players have taken notice.”

Robinet says the early success of the Model 3 shows there is demand for all-electric vehicles. Until last year, U.S. sales of plug-in models were growing, but limited.

In 2017, the auto web site Inside EV’s estimated the top selling electric model in the U.S. was Tesla’s Model S, with sales of approximately 27,000 vehicles. In 2018, Inside EV’s estimates Tesla sold just under 140,000 Model 3’s in the U.S.. Tesla does not release sales by country.

The surge in sales for the Model 3 clearly demonstrates there’s a larger market for an all-electric vehicle, even if it comes at a higher price. The average Model 3 sells for roughly $50,000.

Cadillac President Steve Carlisle admits he “obsessively” benchmarks and studies Tesla.

“They have done a lot to popularize electric vehicles and to get into the minds of consumers,” Carlisle told CNBC after giving reporters an early glimpse of the all-electric Cadillac being developed.


Company: cnbc, Activity: cnbc, Date: 2019-01-15  Authors: phil lebeau, aly song, rebecca cook
Keywords: news, cnbc, companies, teslas, influence, electricvehicle, plugin, automakers, allelectric, plans, model, tesla, auto, models, roll, vehicles, sales, electric, vehicle, grows


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