assets

China Energy Invests $83 billion into Energy Projects in West Virginia

China Energy Invests $83 billion into Energy Projects in West Virginia

According to Reuters, China Energy Investment Corp, the world’s largest power company in value of assets, has now signed a memorandum of understanding (MOU) to invest $83.7 billion in shale gas, power, and chemical projects in West Virginia, U..

Shell Beats Third Quarter Estimates

Shell Beats Third Quarter Estimates

Shell Global (NYSE: RDS.A) reported almost a 50% rise in quarterly profits that was mostly driven by strong refining while also adapting well to low oil prices. Cash generation has been boosted in recent quarters as costs have been cut and asse..

GE to sell its Railroad Business Division

GE to sell its Railroad Business Division

Reported by the Wall Street Journal, General Electric Co., (NYSE: GE) the worst performing stock on Dow Jones Industrial Average, is now looking to sell its railroad business, which is one of the company’s oldest divisions, citing sources fami..

Monarch Airlines cancels Holiday Flights

Monarch Airlines cancels Holiday Flights

Monarch Airlines cancelled hundreds of thousands of holiday flights due to the intense competition for flights and a weaker pound. 900,000 passengers were affected included more than 100,000 that were already abroad. 750,000 future bookings were can..

Deutsche Bank Moves $350 Billion to Frankfurt

Deutsche Bank Moves $350 Billion to Frankfurt

Deutsche Bank AG (NYSE: DB) plans to shift about $350 billion from the U.K. to Frankfurt as client trading and assets migrate there after Britain’s decision to leave the European Union. This project is called Bowline and calls for Frankfu..