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Tuesday, July 22, 2014

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Airbus Launches New A330neo Jet at Farnborough

Airbus Launches New A330neo Jet at Farnborough

AFP (July 14, 2014) European planemaker Airbus on Monday launched the eagerly-awaited upgrade to its long-haul wide-body A330 jet -- the A330neo -- which boasts more fuel-efficient engines. Duration: 00:57 Video provided by AFP
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Gas Natural Sale Sidelined Until CEO Lawsuit Resolved

Gas Natural Sale Sidelined Until CEO Lawsuit Resolved

TheStreet (July 11, 2014) Gas Natural, the Ohio-based company mired in scandal, was recently talking to prospective buyers about a sale, but talks came to a screeching halt when former CEO Richard Osborne filed a lawsuit against the company. The scandal started back in November when Ohio regulators ordered an investigation into Gas Natural. In May, the company announced that Osborne would be retiring and his son would take the reins. Late last month, Osborne Senior struck back, filing a lawsuit against the company. The suit has forced Gas Natural to put the sale on the back burner, but sources say that as soon as the matter is settled, the company will once again be on the prowl for a buyer. Even with the controversy surrounding the company, there will be no shortage of buyers as there is an intense level of interest in the gas local distribution space. Similar companies that have recently traded hands have fetched rich ebitda multiples of 10.5 times. With about $20 million in ebitda last year, Gas Natural could easily fetch north of $200 million in a sale. Video provided by TheStreet
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Global Oil Demand to Increase Next Year at Fastest Pace Since 2010

Global Oil Demand to Increase Next Year at Fastest Pace Since 2010

TheStreet (July 11, 2014) Global oil demand will rise at the fastest pace in five years in 2015, according to the International Energy Agency. The IEA said that world oil consumption will increase next year by 1.4 million barrels a day to a record 94.1 million. Most of the increase in oil supply will be from nations outside of the Organization of Petroleum Exporting Countries. Oil supply from non-OPEC countries will rise by 1.2 million barrels a day next year as North American production rises. The demand for oil will be driven in large part by China, which the agency said will see demand increase by more than 4% to about 10.8 million a day. Video provided by TheStreet
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Iraqi Strife Fuels Rise in U.S. Gas Prices

Iraqi Strife Fuels Rise in U.S. Gas Prices

AP (June 19, 2014) Violence in Iraq is helping to make gasoline in the U.S. more expensive, depriving drivers of the usual price break between Memorial Day and July Fourth. (June 19) Video provided by AP
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