Barry Coles | Glenrock Gazette

Articles written by: Barry Coles

Greenbrier Shares Decline

Greenbrier Shares Decline

Shares of Greenbrier (GBX) were sharply lower on Tuesday after the transportation manufacturing company posted third-quarter results that missed analysts’ estimates amid continued weakness in its railcar repair business and a delayed rail concession renewal process in Brazil. The Lake Oswego, Ore.-headquartered company, which manufactures gondolas, boxcars, railcars and tank cars, reported third-quarter revenue of $856.2 million in the three […]

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BlackRock, KKR Acquire 40% Stake in ADNOC Oil Pipelines

Abu Dhabi National Oil Company (ADNOC) said early on Thursday that it had closed an infrastructure investment agreement under which BlackRock (BLK), the world’s largest asset manager, and a US-based private equity firm KKR (KKR) would purchase a 40% stake in an oil pipeline entity for $4 billion. The company said in a statement that the deal would see BlackRock […]

Natural Gas Edges Down

Natural Gas Edges Down

Natural gas edged down early on Tuesday, remaining near three-year lows as weather demand remains low and production flows to storage. Gas for July delivery was last seen down US$0.02 to US$2.28 per million British thermal units in Nymex electronic trade. Temperatures are rising in the U.S. South and Midwest, potentially raising cooling demand as air-conditioning use climbs. Mild weather […]

Oracle Quarterly Earnings Beat Guidance

Oracle Quarterly Earnings Beat Guidance

Oracle (ORCL) posted double-digit growth in fiscal fourth-quarter adjusted earnings after markets closed on Wednesday beating market expectations, as a shift from commodity hardware to cloud applications propelled operating margin to the highest level in five years. Group sales rose to $11.14 billion during the three months that ended May 31, from $11.01 billion a year ago, as the Fusion […]

Eurozone First-Quarter Wages Grow

Eurozone First-Quarter Wages Grow

Eurozone hourly wages increased at the fastest pace since 2010 in the first quarter, the European Union’s statistics office said on Monday. Nominal wages and salaries per hour climbed by 2.5% year-on-year in the three months that ended March 31, according to a report from Eurostat. In the previous quarter, the rate of growth was 2.3%. Wages and salaries increased […]

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European ADRs Climb Higher in Tuesday Trading

American depositary receipts of European stocks were trading 0.75% higher at 1,047.59 on the BNY Mellon Europe Select ADR Index on Tuesday. In continental Europe, the gainers were led by biopharmaceutical company MorphoSys (MOR) and network infrastructure operator Nokia (NOK), which rose 4.7% and 3.8% respectively. They were followed by semiconductor company STMicroelectronic (STM) and medical device maker Edap (EDAP), […]

Uber May Be Ordered By India To Make Fleets 40% Electric By 2026

Uber May Be Ordered By India To Make Fleets 40% Electric By 2026

Uber (UBER), the ride-service, and other ride-aggregators may be required by India to have fleets that have a minimum of 40% electric vehicles by 2026, reported Reuters. Under proposed rules Uber, backed by Japan’s Softbank, would be required to have a fleet that is 2.5% electrified by 2021, 5% by 2022, and 10% by 2023 before rising to 40% by […]