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Kinder Morgan faces proposed class action lawsuit on pipeline

December 18, 2018 by  

Kinder Morgan is facing a proposed class action lawsuit, claiming that a division of the pipeline operator has emitted chemicals and toxic gas that caused damage to property and killed animals.


Source: Reuters Business News

Yelp loses bid to intervene in Google antitrust challenge

December 18, 2018 by  

U.S. search and advertising company Yelp has lost its bid to intervene in Google’s challenge against a 2.4 billion euro ($2.7 billion) EU antitrust fine after an EU court said it had no direct interest in the case.


Source: Reuters Business News

Exxon Mobil opposes weakening Obama-era emissions rules: letter to EPA

December 18, 2018 by  

Exxon Mobil Corp sent a letter to the U.S. Environmental Protection Agency in support of methane gas emission rules put in place under the Obama administration, according to a copy of the letter seen by Reuters.


Source: Reuters Business News

Musk's SpaceX to raise $500 million in funding: WSJ

December 18, 2018 by  

Elon Musk’s rocket company SpaceX Corp is set to raise $500 million at a $30.5 billion valuation, the Wall Street Journal reported on Tuesday, citing people familiar with the fundraising plan.


Source: Reuters Business News

German auto supplier to plead guilty, pay $35 million fine in VW emissions case

December 18, 2018 by  

German auto supplier IAV Gmbh has agreed to plead guilty and pay a $35 million fine for conspiring to assist Volkswagen AG in its effort to evade U.S. diesel emissions standards, the U.S. Justice Department said on Tuesday.


Source: Reuters Business News

Global stocks dip as 'Santa Claus rally' elusive, oil rises

December 17, 2018 by  

Broad stock declines in Europe and the United States dragged world equity markets lower on Monday, adding to a sell-off that has sent global stocks near 17-month lows.


Source: Reuters Business News

Google to spend $1 billion on new campus in New York

December 17, 2018 by  

Alphabet Inc’s Google is investing more than $1 billion on a new campus in New York, becoming the second major technology company after Amazon to pick America’s financial capital to expand and create thousands of jobs.


Source: Reuters Business News

Carlyle nearing deal to buy StandardAero for more than $5 billion: sources

December 17, 2018 by  

Private equity firm Carlyle Group LP is nearing a deal to acquire aviation services company StandardAero from Veritas Capital, another buyout firm, for more than $5 billion, including debt, people familiar with the matter said on Monday.


Source: Reuters Business News

U.S. ethanol producers seek pricing reform as markets plunge, ADM sells

December 17, 2018 by  

U.S. ethanol producers stung by collapsing prices are seeking changes to the way benchmark values for the biofuel are established, arguing the current system used by exchanges is vulnerable to manipulation, according to sources.


Source: Reuters Business News

Wall St. sinks; Gundlach says U.S. stock are in bear market

December 17, 2018 by  

Wall Street slid 1 percent on Monday, weighed down by retailers and health stocks and after DoubleLine’s Jeffrey Gundlach said U.S. equities are in a long-term bear market and that the Federal Reserve should not raise rates this week.


Source: Reuters Business News

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