Month: August 2020

Hit hard by the COVID-19 shutdown, the company said it is using the crisis to drive new areas of growth. …read more […]

Europe’s air safety watchdog has no firm date for Boeing’s grounded 737 MAX to resume flights, it said on Tuesday, adding that the U.S. planemaker had some more work to do before a 17-month-old safety ban could be lifted in Europe. The U.S. Federal Aviation Administration on Monday issued a proposed directive requiring four design or operating changes in the wake of two fatal 737 MAX crashes, in a move which could lead to the agency lifting a grounding order on the jet later this year. The European Union Aviation Safety Agency (EASA) declined to comment directly on …read more […]

VANCOUVER, BC, Aug. 4, 2020 /CNW/ – Pan American Silver Corp. …read more […]

Stock futures were slightly lower Tuesday morning after a tech-led rally during the regular session onday, with investor attention still centered on fresh signs of corporate and economic stress from the coronavirus pandemic. …read more […]

Top news and what to watch in the markets on Tuesday, August 4, 2020. …read more […]

Last month, my wife and I flew to Montana to do a presentation for Music Ranch Montana.
No, I didn’t sing.
I gave the first nonmusical presentation at the venue… and I was honored to perform with my own version of dramatic infotainment.
But that’s not what I’m writing about today.
I decided to have a little fun with COVID-19 rules and play some games with our bureaucrats.
It’s Contaminated
I have one of those little blue cotton hospital masks they give you as freebies whenever you go somewhere these days. I’ve used it now on a dozen flights. I keep it in my computer bag …read more […]

Alpha Pro Tech, Ltd.’s (NYSEMKT:APT) price-to-earnings (or “P/E”) ratio of 45.6x might make it look like a strong sell… …read more […]

Later than any of its peers, Booking.com announced Tuesday it will be restructuring, and eliminating up to 25 percent of its global employee base, a number Skift estimated to be roughly 4,300 employees. Glenn Fogel, the CEO of both parent company Booking Holdings and Booking.com, is expected to tell Booking.com employees that Covid-19 hit Booking.com […] …read more […]

Kuwaiti aircraft leasing company Alafco will buy fewer aircraft from Boeing after reaching an agreement to end its legal claim over a cancelled 737 MAX order, it said on Tuesday. Alafco was suing the U.S. planemaker for $336 million over accusations it wrongly refused to return advance payments on a cancelled order for 40 of its troubled 737 MAX planes. The Kuwaiti lessor will now buy 20 aircraft from Boeing, instead of 40, with new delivery dates, it said in a bourse filing. …read more […]

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Energy group BP will increase its low-carbon spending to $5 billion a year by 2030 and boost its renewable power generation to 50 gigawatts (GW) while shrinking oil and gas output by 40% compared with 2019, it said on Tuesday. The portfolio it plans to build would include renewables, bioenergy and early positions in hydrogen and carbon capture and storage technology, with the bulk of the budget to be spent by 2025. BP’s oil and gas production is expected to shrink by at least one million barrels of oil equivalent a day from 2019 levels, the company said, …read more […]

The oil giant warns the coronavirus pandemic could weigh on demand for a “sustained period”. …read more […]

Shares in Plug Power (PLUG) spiked 19% in Monday’s trading after the company announced a new deal with UK-based supermarket Asda. PLUG will provide the hydrogen fuel cell solutions to power the lift truck fleet within the retail giant’s extensive supply chain network.Asda’s partnership with Plug Power includes a purchase order agreement for Plug Power’s full-service GenKey solution, beginning at the UK facility in Skelmersdale. The turnkey solution includes fuel cells, hydrogen fueling equipment, hydrogen and service.“This new customer continues Plug Power’s growth in Europe and represents the first deployment at scale of hydrogen fuel cell technology for material handling …read more […]

The shares of Alterity Therapeutics Ltd. (NASDAQ: ATHE) advanced in the after-hours session trading in New York on Monday and in the regular session in Sydney on Tuesday.What Happened: The surge came as Alterity Therapeutics reported positive data from an animal testing of ATH434 — its leading drug candidate for Multiple System Atrophy, a Parkinsonian disorder.The new data “independently confirm and extend previous findings demonstrating that ATH434 reduces α-synuclein pathology, preserves neurons, and improves motor performance,” Alterity Therapeutics noted.Why It Matters: The Melbourne-based pharmaceutical company in June said it had reached an agreement with the United States Food and Drug …read more […]

The pace of easyJet’s capacity recovery is behind Europe’s largest budget carrier, Ryanair, which said for July it would fly about 40% of normal capacity, rising to 60% in August and 70% in September, and Wizz Air which is at about 70%. EasyJet said on Tuesday it remained focused on costs. …read more […]