Business

Dollar set for second weekly loss on Iran war peace hopes

Thursday, April 16 by SRN News

By Jiaxing Li HONG KONG, April 17 (Reuters) - The U.S. dollar was headed for a second consecutive weekly decline on Friday in tentative trade, as a ceasefire between Israel and Lebanon and prospects for fresh Iran talks prompted investors to unwind safe-haven positions. A 10-day... Read More.

Panama Canal downplays report of $4 million ‘line-jumping’ auction payment amid higher traffic

Thursday, April 16 by SRN News

PANAMA CITY, April 16 (Reuters) - The Panama Canal Authority on Thursday downplayed a report that an LPG vessel paid $4 million to jump the transit queue, saying the result reflected temporary market conditions rather than a fee set by the waterway, as the... Read More.

Oil falls on prospects for talks to end Iran war and revive supply

Thursday, April 16 by SRN News

By Helen Clark PERTH, April 17 (Reuters) - Oil prices fell in early trade on Friday on optimism the Middle East conflict could be nearing an end after a 10-day ceasefire between Lebanon and Israel took effect and President Donald Trump said the U.S. and... Read More.

Federal officials order flight cuts at Chicago O’Hare to reduce airport delays

Thursday, April 16 by SRN News

About 300 flights per day must be cut from the schedule at Chicago O'Hare International Airport on the busiest days this summer in an effort to reduce flight delays, federal officials announced Thursday. "If you book a ticket, we want you and your family to... Read More.

Exclusive-Valero partially restarts Port Arthur, Texas refinery after blast, sources say

Thursday, April 16 by SRN News

By Erwin Seba HOUSTON, April 16 (Reuters) - Valero Energy Corp has partially restarted its 380,000 barrel-per-day Port Arthur, Texas refinery following a March 23 explosion and fire, said two people familiar with plant operations. While the production line from the 115,000-bpd AVU 147 crude distillation... Read More.

Land management company EagleRock discloses revenue rise in US IPO filing

Thursday, April 16 by SRN News

April 16 (Reuters) - Land management company EagleRock Land reported higher annual revenue in paperwork filed on Thursday for a U.S. initial public offering, positioning itself as a rare energy listing amid renewed investor interest in the sector. The Houston‑based firm reported a net loss... Read More.

NiSource signs long-term power deal with Alphabet, expands Amazon agreement

Thursday, April 16 by SRN News

April 16 (Reuters) - U.S. utility NiSource said on Thursday it had signed a long-term energy supply agreement with a unit of Alphabet to support a large data center in northern Indiana. The company also said it had expanded an agreement with Amazon to speed... Read More.

Netflix cofounder and chairman Reed Hastings to step down from board of directors

Thursday, April 16 by SRN News

Netflix cofounder and chairman Reed Hastings will step down from the streaming service's board of directors in June when his term expires, the company said on Thursday. Hastings plans to focus on philanthropy and other pursuits. Hastings had served as Netflix's CEO for more... Read More.

Trading Day: Nasdaq notches 12-day winning streak as Middle East peace talks progress

Thursday, April 16 by SRN News

By Stephen Culp April 16 - Wall Street moved higher on Thursday, as traders assessed ongoing Middle East peace negotiations and parsed a mixed bag of corporate earnings. With these modest gains, the S&P 500 and the Nasdaq both notched their second consecutive all-time closing highs,... Read More.

Analysis-Fuel surge threatens Spirit Airlines bankruptcy exit, raises liquidation risk

Thursday, April 16 by SRN News

By Rajesh Kumar Singh, Doyinsola Oladipo and Dietrich Knauth CHICAGO/NEW YORK, April 16 (Reuters) - Spirit Airlines' bankruptcy exit plan is under renewed pressure after a sharp rise in jet fuel prices undermined key assumptions behind its restructuring. The ultra-low-cost carrier built its turnaround on fuel... Read More.

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Dollar set for second weekly loss on Iran war peace hopes

Panama Canal downplays report of $4 million ‘line-jumping’ auction payment amid higher traffic

Oil falls on prospects for talks to end Iran war and revive supply

Federal officials order flight cuts at Chicago O’Hare to reduce airport delays

Exclusive-Valero partially restarts Port Arthur, Texas refinery after blast, sources say

Land management company EagleRock discloses revenue rise in US IPO filing

NiSource signs long-term power deal with Alphabet, expands Amazon agreement

Netflix cofounder and chairman Reed Hastings to step down from board of directors

Trading Day: Nasdaq notches 12-day winning streak as Middle East peace talks progress

Analysis-Fuel surge threatens Spirit Airlines bankruptcy exit, raises liquidation risk

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