Japanese companies to study making ammonia in Alaska for greener energy

Oct 4 (Reuters) – Alaska Gasline Development Corporation (AGDC) said on Tuesday it will study the feasibility of producing ammonia in the state’s Cook Inlet region with Japan’s Mitsubishi Corp (8058.T) and TOYO Engineering Corp (6330.T) and Hilcorp Alaska. The four companies agreed to “evaluate the commercial feasibility of utilizing North Slope natural gas delivered … Read more

S.Korea’s Naver buys US Poshmark in $1.2 billion deal, invites skepticism

Local tech giant Naver’s largest M&A deal ever US Millennials and Gen Zers dominant active users of Poshmark Naver shares plunge more than 7%; Poshmark surges Platforms’ outlooks down since COVID-19 turned endemic-analyst SEOUL, Oct 4 (Reuters) – South Korean e-commerce company Naver Corp (035420.KS) announced a $1.2 billion purchase of US fashion resale platform … Read more

US says oil companies ‘must do more’ to build domestic fuel levels

HOUSTON, Sept 30 (Reuters) – US fuel supplies are “unacceptably” at or near 5-year lows amid hurricane threats and the oil industry must do more to address prices and demand, a Department of Energy spokesperson said on Friday. The spokesperson was commenting on a report that the chief executive of Exxon Mobil Corp (XOM.N), the … Read more

Brazil ready for more agriculture sector IPOs, seed company chief says

SAO PAULO, Sept 29 (Reuters) – The Brazilian market is ready to welcome more agribusiness companies on the stock market, a sector underrepresented on the local bourse based on the size of the industry relative to Brazil’s GDP, Marino Colpo, chief executive of listed seeds producer Boa Safra (SOJA3.SA), said on Thursday. “I’m a big … Read more

Rafting companies ask court to block $15 min. wages for seasonal workers

Biden administration nixed wage-law exemption for seasonal contractors Judge rejected rafting guides’ bid to block rule Appeals court seemed split over government’s powers (Reuters) – A lawyer for companies that provide guided raft trips on US government land urged a federal appeals court on Wednesday to block a Biden administration rule requiring government contractors to … Read more

Factbox: US companies brace for Hurricane Ian

Sept 28 (Reuters) – Hurricane Ian is set to make landfall in Florida on Wednesday, pushing residents to empty grocery shelves, board up windows and rush to evacuation shelters. Ian has strengthened into an extremely dangerous Category 4 storm, with maximum sustained winds of 155 miles per hour (250 km per hour), the Miami-based National … Read more

US plans rule to protect livestock farmers from company retaliation

Cows are sorted into pens for a livestock auction in Dickinson, North Dakota, US August 17, 2017. Many ranchers in the area have sold off more animals than usual to combat high feed costs after a summer-long drought. REUTERS/Andrew Cullen/File Photo Register now for FREE unlimited access to Reuters.com Register CHICAGO, Sept 26 (Reuters) – … Read more

Sustainable fuel startup Air Company to sell to JetBlue, Virgin Atlantic

Register now for FREE unlimited access to Reuters.com Register NEW YORK, Sept 22 (Reuters) – Sustainable fuel startup Air Company has multi-year agreements to sell jet fuel made from captured carbon emissions to carriers JetBlue Airways Corp (JBLU.O) and Britain’s Virgin Atlantic, the companies said on Thursday. Financial terms were not disclosed. Under the memorandum … Read more

IHC’s $2.15 bln Nutresa bid boosts shares in Colombian conglomerate GEA’s companies

The logo of Nutresa is seen in Medellin, Colombia June 26, 2019. Picture taken June 26, 2019. REUTERS/Luis Jaime Acosta/File Photo Register now for FREE unlimited access to Reuters.com Register BOGOTA, Sept 21 (Reuters) – Shares in companies that are part of Colombia’s largest conglomerate GEA rose on Wednesday after Abu Dhabi-based investor International Holding … Read more

Analysis: Overstretched US companies feel the pinch of higher borrowing costs

Sharpie markers owned by Newell Brands are seen for sale in a store in Manhattan, New York City, US, February 7, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Sept 20 (Reuters) – When US consumer products company Newell Brands Inc (NWL.O) refinanced $1.1 billion worth of bonds earlier this month, … Read more