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Exclusive: As Rosneft's Vietnam unit drills in disputed area of South China Sea, Beijing issues warning

Rosneft Vietnam BV, a unit of Russian state oil firm Rosneft, is concerned that its recent drilling in an area of the South China Sea that is claimed by China could upset Beijing, two sources with direct knowledge of the situation told Reuters on Wednesday. Rosneft said on Tuesday its Vietnamese unit had started drilling at the LD-3P well, part of the Lan Do “Red Orchid” offshore gas field in Block 06.1, 370 kms (230 miles) southeast of Vietnam. The block is “within the area outlined by China’s nine-dash line,” according to energy consultancy and research firm Wood …read more […]

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Trump draws rebuke for ‘animal’ remark at immigration talk

While railing against California for its so-called sanctuary immigration policies, President Donald Trump referred to some people who cross the border illegally as “animals” — drawing a sharp rebuke from Democratic leaders for the harsh rhetoric. Trump’s remark at meeting with local leaders was in response to a complaint about gang members. “We have people coming into the country, or trying to come in — and we’re stopping a lot of them,” Trump said during the immigration round table after a sheriff commented about gangs. …read more […]

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Exclusive – As Rosneft’s Vietnam unit drills in disputed area of South China Sea, Beijing issues warning

Rosneft Vietnam BV, a unit of Russian state oil firm Rosneft (ROSN.MM), is concerned that its recent drilling in an area of the South China Sea that is claimed by China could upset Beijing, two sources with direct knowledge of the situation told Reuters on Wednesday. Rosneft said on Tuesday its Vietnamese unit had started drilling at the LD-3P well, part of the Lan Do “Red Orchid” offshore gas field in Block 06.1, 370 kms (230 miles) southeast of Vietnam. The block is “within the area outlined by China’s nine-dash line,” according to energy consultancy and research firm …read more […]

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Rosneft says South China Sea drilling is within Vietnam waters

Drilling in the South China Sea by Rosneft is within Vietnamese territorial waters, the Russian state oil firm said in a statement on Thursday, two days after its Vietnamese subsidiary began drilling in Vietnamese waters claimed by China. Rosneft’s local unit, Rosneft Vietnam BV, is concerned that its recent drilling in an area of the South China Sea that falls within China’s “nine-dash line” could upset Beijing, two sources with direct knowledge of the situation told Reuters on Wednesday. …read more […]

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Quakes damage roads as ash spews from Hawaii volcano

Earthquakes were damaging roads and buildings on Hawaii’s Big Island on Wednesday as ash emissions streamed from Kilauea volcano. The floor of the summit crater has also dropped about three feet (90 centimeters), as the threat of a strong, explosive eruption at the top of the volcano loomed. The ground was deflating as the crater’s lava levels fell, causing stress faults around the crater to move, resulting in the earthquakes. …read more […]

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Cisco’s tepid forecast clouds quarterly beat, shares fall

Cisco’s stock has climbed 18 percent and is the second biggest gainer among Dow components this year as investors bet on the company’s turnaround under Chief Executive Officer Chuck Robbins. Since taking the helm in July 2015, Robbins has steered the hardware giant away from its traditional business of supplying switches and routers and into newer growth areas such as cloud, Internet of things and cyber security. Revenue from the business, which provides technical and internet network support, rose 3 percent to $3.16 billion but fell short of estimate of $3.24 billion, according to Thomson Reuters I/B/E/S. …read more […]

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Your Closer Look at GP Strategies Stock

GP Strategies stock had a good day in the market on Wednesday May 16. Shares climbed 3.66% and closed the day at $19.8. They’re now trading 36.64% below their 52-week high of $31.25.

With today’s good gain, GP Strategies now has a market cap of $327 million. That makes it a small cap company.

The business operates in the manufacturing industry and employs 3,645 people. Its shares trade primarily on the New York stock exchange.

GP Strategies has 16.49 million shares outstanding and 49,851 traded hands for the day. That’s above the average 30-day volume of 43,758 shares. The amount of GP Strategies …read more […]

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U.S. Senate approves bill in bid to retain U.S. net neutrality

The U.S. Senate voted 52 to 47 on Wednesday to reverse the Federal Communications Commission decision in December to repeal landmark 2015 net neutrality rules, but it still faces an uphill battle. The margin was larger than expected with three Republicans voting with 47 Democrats and two independents to reverse the Trump administration action. It is not clear if the U.S. House of Representatives will vote at all on the measure, while the White House has said it opposed repealing the December FCC order. …read more […]