Airbus workers protest against job cuts

2020-07-08

  Reuters. Airbus logo at the entrance to the Airbus facilities in Bouguenais TOULOUSE, France (Reuters) – Workers at Airbus (PA:) began a brief strike Wednesday to protest plans to cut 15,000 jobs in response to the coronavirus crisis, which has reduced demand for jets as airlines face a dropRead More →

It’s time to look beyond today’s headlines…

2020-07-05

  Introduction – Safety First This week’s “Public Service Announcement” on COVID-19 is truncated because more and more people are realizing the seriousness of this issue. The new coronavirus that causes COVID is not “the flu” and is dangerous, especially for the elderly and/or those with pre-existing medical problems. AsymptomaticRead More →

Denbury Resources, another energy bankruptcy?

2020-07-04

  Denbury Resources (NYSE: DNR) appears poised for another energy bankruptcy after failing to pay $8 million in interest on June 30 for its 6.375% convertible senior bonds due 2024. With $636 million in debt maturing in 2021, Denbury had little opportunity to escape restructuring, especially with oil still aroundRead More →

Siemens sees its business fall 20% in the April-June quarter, according to the company’s chief financial officer, according to Reuters’ Boersenzeitung

2020-07-04

  Reuters. Siemens AG’s headquarters can be seen in Munich FRANKFURT (Reuters) – German engineering firm Siemens (DE:) saw its contract volume increase by 20% in the three months to June and business in 2021 is expected to remain below 2019 levels, the financial director told the Boersenzeitung (BoeZ). RalfRead More →

Spark Energy: Avoid this intermediary (NASDAQ:SPKE)

2020-07-03

  Introduction Spark Energy(SPKE) is an intermediary in the energy production and distribution chain. They compete and act as an alternative to your regulated local utility which probably has a monopoly on most aspects of your electricity/power. Their business model essentially involves buying and selling electricity from a variety ofRead More →