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Scorpio Tankers Inc. Announces an Agreement to Sell Two MR Product Tankers

May 08, 2017 10:25 am UTC| Business

MONACO, May 08, 2017 -- Scorpio Tankers Inc.(NYSE:STNG) (the "Company") announced today that it has reached an agreement with an unrelated third party to sell two of its 2013 built MR product tankers (STI Sapphire and...

TowerJazz Reports First Quarter 2017 Results: Record Free Cash Flow Resulting from Strong Year over Year Growth in Revenue and Margins

May 08, 2017 10:15 am UTC| Business

MIGDAL HAEMEK, Israel, May 08, 2017 -- TowerJazz (NASDAQ:TSEM) (TASE:TSEM) today reported its results for the first quarter ended March 31, 2017. Highlights of the First Quarter of 2017 Revenues of $330 million, up...

BMC Stock Holdings, Inc. Announces 2017 First Quarter Results

May 08, 2017 10:01 am UTC| Business

ATLANTA, May 08, 2017 -- BMC Stock Holdings, Inc. (Nasdaq:BMCH) (“BMC” or the “Company”), one of the nation’s leading providers of diversified building products and services in the U.S. residential construction market,...

The Hilton Atlanta Northeast Completes Extensive $15 Million Renovation

May 08, 2017 10:00 am UTC| Business

ATLANTA, May 08, 2017 -- The Hilton Atlanta Northeast, an iconic hotel in Atlanta’s burgeoning Peachtree Corners suburb, is being reintroduced after an extensive renovation which gutted each of the hotels 271...

Spark Energy, Inc. Reports First Quarter 2017 Financial Results and Announces Verde Energy Acquisition

May 08, 2017 10:00 am UTC| Business

HOUSTON, May 08, 2017 -- Spark Energy, Inc. (NASDAQ:SPKE), a Delaware corporation ("Spark" or the "Company"), today reported financial results for the three months ended March31, 2017 and announced the acquisition of...

NW Natural Reports First Quarter 2017 Results

May 08, 2017 10:00 am UTC| Business

Increased consolidated net income by $3.7 million to $40.3 million for the first quarter of 2017.Increased utility margin by $3.3 million, after-tax, and added 12,000 utility customers during the past 12 months.Continued...

Sprague Resources LP Reports First Quarter 2017 Results

May 08, 2017 10:00 am UTC| Business

PORTSMOUTH, N.H., May 08, 2017 -- Sprague Resources LP (“Sprague”) (NYSE:SRLP) today reported its financial results for the first quarter March31, 2017. First Quarter 2017 Highlights Net sales were $917.8 million for...

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Economy

Dollar Slides as NY Fed Rate Checks Spark Yen Intervention Speculation

The U.S. dollar weakened sharply against the Japanese yen on Friday after the New York Federal Reserve conducted rate checks on the dollar/yen currency pair, according to a source familiar with the matter cited by Reuters....

Yen Surges on Intervention Talk as Oil, Gold Rally Amid Global Market Uncertainty

Japans yen surged sharply against the U.S. dollar on Friday as currency traders assessed the growing likelihood of official intervention to stabilize the weakening currency. The sudden move in the Japanese yen came amid...

Threading Opportunity: How an India–EU FTA Could Reweave Textile Fortunes

After almost 18 years of negotiations, an IndiaEU Free Trade Agreement (FTA) recently reconfirmed by European Commission President Ursula von der Leyen is getting closer. Targeted for early 2026 completion, the deal could...

Yen Stays Under Pressure After BOJ Decision as Dollar Slides on Geopolitical Jitters

The Japanese yen remained rangebound on Friday after the Bank of Japan kept interest rates unchanged, a move widely anticipated by markets, while the U.S. dollar headed for its steepest weekly decline in a year amid...

BOJ Holds Interest Rates Steady, Upgrades Growth and Inflation Outlook for Japan

The Bank of Japan (BOJ) kept interest rates unchanged on Friday, a decision that aligned with market expectations, while delivering a more optimistic outlook for Japans economic growth and inflation. The central bank left...

Politics

Haiti Transitional Council Pushes to Remove Prime Minister Despite U.S. Warnings

Two members of Haitis Transitional Presidential Council said on Friday they intend to move forward with plans to remove Prime Minister Alix Didier Fils-Aime, defying strong warnings from the United States that such action...

Iran Warns of All-Out War Response as U.S. Sends Aircraft Carrier to Middle East

Iran has issued a strong warning to the United States, stating that any military attack on its territory would be treated as an all-out war, as tensions escalate ahead of the arrival of a U.S. aircraft carrier strike group...

Russian Drone Attack Hits Kyiv and Kharkiv Amid Ongoing Peace Talks

Russian forces launched a massive drone attack on Ukraine early Saturday, striking multiple districts in the capital Kyiv and causing injuries and damage in Kharkiv, Ukraines second-largest city. The overnight assault,...

U.S. Vice President JD Vance to Visit Azerbaijan and Armenia Following Historic Peace Deal

U.S. Vice President JD Vance is set to travel to Azerbaijan and Armenia next month, President Donald Trump announced on Friday, marking a significant diplomatic step following a landmark peace agreement between the two...

Pentagon Signals Reduced U.S. Role in Deterring North Korea as South Korea Takes Lead

The Pentagon has outlined a shift in its defense posture on the Korean Peninsula, signaling a more limited U.S. role in deterring North Korea while South Korea assumes primary responsibility. This approach is detailed in...

Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Technology

U.S. Lawmakers Demand Scrutiny of TikTok-ByteDance Deal Amid National Security Concerns

U.S. lawmakers are calling for closer congressional scrutiny of a new deal involving TikTok and its Chinese parent company ByteDance, raising fresh concerns about national security, data privacy, and potential Chinese...

Ericsson Plans SEK 25 Billion Shareholder Returns as Margins Improve Despite Flat Network Market

Swedens telecom equipment giant Ericsson announced plans to significantly boost shareholder returns after reporting a sharp rise in net cash and continued margin improvements, even as the global mobile network market...

Microsoft Restores Microsoft 365 Services After Widespread Outage

Microsoft confirmed on Friday that it has fully restored access to its Microsoft 365 productivity suite following a widespread service outage that disrupted users across multiple regions, particularly in North America. The...

Tesla Plans FSD Subscription Price Hikes as Autonomous Capabilities Advance

Teslas Full Self-Driving (FSD) software is set to become more expensive over time as its technology improves, according to CEO Elon Musk. The announcement comes as Tesla Inc. continues its transition away from a one-time...

ByteDance Finalizes Majority U.S.-Owned TikTok Joint Venture to Avert American Ban

TikToks Chinese parent company, ByteDance, has finalized a landmark agreement to establish a majority American-owned joint venture aimed at safeguarding U.S. user data and avoiding a nationwide ban on the popular...