US News

Enters into Balance Sheet Enhancing Transaction with Shoats Creek Development Northcote has announced that it has substantially improved its balance sheet through two transactions with Shoats Creek Development, Inc., its partner in the development of the Shoats Creek Field, Beauregard Parish, Louisiana. The total reduction in company liabilities resulting from the above transactions is...

In one sense, I suppose that discussing the root cause of a crisis that happened eight years ago, is a bit foolish. Especially considering the current condition of the global economy. On the other hand, there may still be time to learn some lessons. Besides, I owe some banks an apology. Don’t Blame the Banks […]

Ruhr Oel GmbH as part of German refining venture restructuring Rosneft and BP have announced that they have signed a binding agreement to dissolve the existing refining JV Ruhr Oel GmbH (ROG) as they move toward completion of the previously announced restructuring of the two companies’ German refining and petrochemical venture. The agreement was approved […]

The GBP/USD is one of the strongest trending currency trading instruments among the majors. The bias on the instrument is bearish and it is possible that the price would continue going downwards, reaching the accumulation territories at 1.4200 and 1.4150 this week. This bias would be valid until there is a bullish reversal of at […]

Here’s the market outlook for the week: EURUSD Dominant bias: Neutral This pair experienced short-term upswings and downswings, with no directional movements in the medium term. Just like last week, there may not be very strong movements this week, though there could be significant movements around the end of this month (which could happen on […]

Google, now called Alphabet Inc. (NASDAQ:GOOG), has a bearish signal on it. The signal is early enough for astute traders to catch a smooth, long-term journey, to the downside. There is a potential that the market would go further downwards from here. The ADX period 14 is almost going above the level 20, which means […]

‘Highly respected petroleum engineer and oil and gas investment specialist’ Magnolia Petroleum, the AIM-quoted, US onshore-focused oil and gas exploration and production company, has announced that Mr. Thomas Wagenhofer has been appointed Chairman of the Board with immediate effect. He replaces Mr. Gavin Burnell who is stepping down from the Board to pursue other business […]

NED APPOINTMENT Fitbug Holdings Plc, the AIM quoted provider of online personal health and wellbeing services, has announced the Board appointment of Dr. Mark Ollila as a Non Executive Director. Based in San Diego, Dr Ollila is currently Chief of Staff and General Manager of the Innovation and New Products group at Verve Mobile, a […]

“Where 100 percent of a facility’s waste is handled in a truly useful manner” Cummins Inc. (NYSE:CMI) announced today that three of its plants in the United Kingdom and one in France are the first four sites to achieve “Zero Disposal” status, where 100 percent of a facility’s waste is handled in a truly useful […]

Mature Development of MPS-130 CubeSat Modular Propulsion System With Green Propellant Aerojet Rocketdyne, a subsidiary of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD), has entered a public-private partnership with NASA to mature the development of an MPS-130 CubeSat propulsion system using a green propellant, known as AF-M315E. Once fully developed, not only would the technology increase...