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Occidental’s midstream assets include a major U.S. crude pipeline, a stake in a gas pipeline in the Middle East, a crude export terminal in Texas, and the Centurion Pipeline, a 2,900 mile line carrying crude from the Permian Basin of West Texas and New Mexico to Cushing, Oklahoma. A year ago, Occidental tried to find a buyer for its 50 percent stake in its Ingleside Energy Center, a crude oil storage and export terminal in Corpus Christi, Texas. That sale process was not completed, and Occidental is including the facility in its package of midstream assets, one of the sources said.
WASHINGTON (Reuters) - The National Transportation Safety Board said on Tuesday it will hold an investigative hearing in November about a midair incident in April in which an engine on a Southwest Airlines Boeing 737 exploded over Pennsylvania, killing one passenger, The hearing will focus on the CFM International engine fan blade design and development university of north carolina sterling silver cufflinks history of the engine type that failed, as well as engine fan blade inspection methods, procedures and engine fan blade containment design and certification criteria, CFM is a joint venture of General Electric Co and France’s Safran SA..
ROME (Reuters) - Italy’s government agreed on Tuesday to delay a reform of small banks, slowing an overhaul planned by the former center-left government and backed by the European Central Bank. The reform of cooperative (BCC) and mutual banks is aimed at forcing mergers among small lenders in a bid to strengthen Italy’s financial stability. But the overhaul will take longer than initially planned and will give more powers to small banks within merged entities under the measures adopted by Italy’s anti-establishment executive.
“We reformed the reform,” Italy’s Prime Minister Giuseppe Conte told a news conference, He said banks were given more time to adapt to the new rules, The delay is the result of a compromise within the university of north carolina sterling silver cufflinks government coalition, The far-right League wanted to freeze the reform indefinitely, while other members of the executive, led by Italy’s Finance Minister Giovanni Tria, argued for a two-month delay, Eventually, cooperative banks (BCCs) will get three additional months to meet a deadline to agree on merging with other banks, The deadline would be doubled to 180 days from the 90 days initially foreseen in the overhaul proposed by the previous government..
The extended period to comply with the new rules will kick off after supervisors authorize the new holdings under which nearly 300 BCCs will merge. Two Italian mutual banks will also have to turn into joint stocks companies by Dec. 31 to become more solid, a government statement said, in a measure that postpones a deadline that has already expired in May. A government official had previously indicated the deadline would be extended just to the end of October. The government also gave back some powers to smaller banks within the larger merged entities in an attempt to protect their local operations and purpose, Tria told reporters.
(Reuters) - Verizon Communications Inc (VZ.N) on Tuesday reported quarterly profit and revenue that university of north carolina sterling silver cufflinks topped estimates but added fewer-than-expected monthly subscribers amid a dearth of special promotions, Verizon Chief Technology Officer Hans Vestberg will take over as chief executive officer on Aug, 1 as the largest U.S, wireless carrier by subscribers races to launch its next-generation 5G network amid increasing competition in the industry, Outgoing CEO Lowell McAdam said Verizon will have more opportunities for market growth as 5G brings new technologies that will let self-driving cars communicate with each other over a wireless network..
“There are so many things where we have zero [market] penetration that are going to be huge five years from now,” he said during an earnings conference call. Verizon said Houston will be the third of four cities where it plans to launch home internet 5G this year. The company added a net 199,000 wireless customers who pay a regular monthly bill during the quarter, missing an average estimate of 210,000 net adds from analysts at Cowen and UBS. On an adjusted basis, Verizon earned $1.20 per share, topping estimates of $1.14 per share.
Shares of Verizon rose 0.7 percent at $51.09, Net income attributable to the company fell to $4.12 billion, or $1 per share, in the second quarter, from $4.36 university of north carolina sterling silver cufflinks billion, or $1.07 a share, a year earlier, Total operating revenue rose to $32.20 billion from $30.55 billion a year ago, exceeding estimates of $31.78 billion, McAdam said during an earnings conference call that the company had no intention of spinning off Oath, its digital media umbrella that owns websites like AOL and Yahoo, in response to media reports..