17 May, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: BG merger could cost Shell a huge Kazakhstan oil field
The Wall Street Journal: BG merger could cost Shell a huge Kazakhstan oil field
The $70 billion Shell-BG merger comes with a risk: The Kazakhstan government may claim it has the right to buy out a BG stake in a natural-gas field that has been a cash cow.
17 May, 2015 by The TZ Newswire Staff Comments Off on U.S. airlines group expects busiest summer travel season ever
U.S. airlines group expects busiest summer travel season ever
The group estimates that about 222 million passengers will fly on U.S. airlines from June through August, up 4.5 percent from the same time last year. “The continued rise in U.S. consumer sentiment and employment is leading to more people traveling more often,” the group’s Chief Economist John Heimlich said in a statement. Strong U.S.
17 May, 2015 by The TZ Newswire Staff Comments Off on Market Extra: Oil is at a make-or-break level
Market Extra: Oil is at a make-or-break level
West Texas Intermediate oil prices are at a critical technical level.
read more
17 May, 2015 by The TZ Newswire Staff Comments Off on Oil prices rise on Middle East fighting; OPEC output in focus
Oil prices rise on Middle East fighting; OPEC output in focus
Oil prices rose on Monday following fighting in Iraq and Yemen, but Iranian comments that OPEC was unlikely to cut output as well as signs of strengthening U.S. production capped gains. Prices were supported by concerns that conflict in Iraq and Yemen could disrupt supplies after Islamic State militants said they had taken control of the Iraqi city of Ramadi in a big blow to the government. In Yemen, a Saudi-led coalition resumed air strikes against Houthi militia in Aden, a port-city on the shores of key Middle East oil routes.
17 May, 2015 by The TZ Newswire Staff Comments Off on Nissan CEO says no need to change Renault alliance after French government ups stake
Nissan CEO says no need to change Renault alliance after French government ups stake
Nissan Motor Co Ltd CEO Carlos Ghosn said on Monday he did not think there was any need to change the automaker’s capital alliance with Renault (RENA.PA) at present after France raised its stake and voting rights in Renault last month. The government of France, which owns almost 20 percent of Renault, has said it wants to safeguard French interests at the automaker, which is deepening its ties with Nissan.
17 May, 2015 by The TZ Newswire Staff Comments Off on Toyota, Honda have best supplier relations in U.S. – study
Toyota, Honda have best supplier relations in U.S. – study
For the fifth straight year, Toyota Motor Corp and Honda Motor Co topped a study of automakers with U.S. plants in supplier relations, helping them get the best parts at the lowest cost. Toyota was the tops in supplier relations, followed closely by Honda. Ford Motor Co (F.N) was a distant third, followed by Nissan Motor Co . General Motors Co (GM.N) and Fiat Chrysler Automobiles NV (FCHA.MI) were tied for last place.
17 May, 2015 by The TZ Newswire Staff Comments Off on Apple acquires GPS start-up Coherent Navigation
Apple acquires GPS start-up Coherent Navigation
Competition for location-based services has been intensifying, as tech companies vie for more control over the navigation space.