In his farewell earnings report, the chief executive ended his 16-year tenure by telling Wall Street that General Electric’s earnings are likely to be disappointing the rest of this year
The departing chief executive built up the crude business by spending billions on acquisitions before prices tumbled and customer demand for oil field equipment dried up.
Takata inflaters can explode with too much force and spew shrapnel into drivers and passengers.
It was the latest setback for a chief executive who never could win over investors and came under pressure this year from activist shareholder Trian Fund Management.
(Amazon chief executive Jeffrey P. Bezos owns The Washington Post.)
as informed in
North American energy markets ‘ll benefit user
WASHINGTON — API President and CEO Jack Gerard was pleased to see the administration’s recommendations for modernizing the North American Free Trade Agreement (NAFTA) seek to preserve and strengthen North American energy markets and its benefits for consumers.
“We applaud this administration’s willingness to consider ways to improve North American energy markets that are already providing enormous benefits to the U.S. economy and consumers.
“NAFTA provides a strong foundation for the energy flows that occur between the U.S., Canada and Mexico,” said Gerard.
In June, API submitted comments on NAFTA to U.S. Trade Representative Lighthizer highlighting these benefits to the U.S. economy.
As the process gets underway, we look forward to working with the administration and Congress to continue the U.S. energy renaissance.”
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Group 1 Q2 net falls 16 percent on energy markets
Hesterberg: “Combined new and used sales dropped seven percent in the quarter for our Texas and Oklahoma stores.”
“Combined new and used sales dropped seven percent in the quarter for our Texas and Oklahoma stores.
Revenue from used-vehicle retail sales slipped 4.2 percent while parts and service gained 3 percent, the company said in its earnings report filed Thursday.
Sales of retail used vehicles were 25,202 for a 6.2 percent fall.
On a volume basis, Group 1 new-vehicle sales fell 6.3 percent to 40,876, and retail used-vehicle sales were down 2.9 percent to 32,003.
collected by :Molly Tony