Alcoa Inc (NYSE:AA) stunned the market with third quarter 2014 earnings surpassing the market estimates primarily because of lower operating costs and higher aluminum prices. The positive result from Aluminum Company is one of the first from S&P 500 companies to announce its quarterly results and hint towards the improvement of the U.S economy. CEO and…
Schlumberger Limited. (SLB) Is To Evacuating Its Management Staff From Russia Because Of Growing Tension Between Russia And The West Compels
Schlumberger Limited. (NYSE:SLB) is removing its employees from Russia in response to the growing bad relations between Russia and the West. The company is said to be withdrawing its employees who are U.S. and European citizens. The company is the world’s biggest oilfield services provider and it has been in Russia over oil production projects.…
Plug Power Inc (PLUG) Might Benefit From Surging Hydrogen Cell Interest in Automakers
Plug Power Inc (NASDAQ:PLUG) said in its press release that the automotive manufacturing industry is among the latest sectors to admire and implement the usage of hydrogen cells. GenDrive is the latest topic of interest among automakers and it is silently but certainly growing its market share. Plug Power Inc (NASDAQ:PLUG) has helped some of…
Exxon Mobil Corporation (XOM) and Russia Owned Rosneft Strike Oil in the Arctic Area
The well that brought in a lot of controversies could become one of the world’s most important crude oil deposits after Russia announced that the drilling by Exxon Mobil Corporation (NYSE:XOM) and Rosneft struck oil. The Kara Sea well becomes the most costly in Russian history. Several environmentalists have campaigned for the halt of the…
Solarcity Corp (SCTY) Secures 1 Million Square Feet for GigaFactory in New York
SolarCity Corp (NASDAQ:SCTY) has won big in its optimistic plan to start manufacturing solar panels after the Musk backed company secured 1.2 million square feet land at the RiverBend site, South Buffalo, New York, to construct a gigafactory to that effect. The deal was announced by New York governor Andrew M. Cuomo through his official…
Exxon Mobil Corporation (XOM) Forced to Cease Oil Drilling Project in the Russian Arctic
The Texas based Oil Company, Exxon Mobil Corporation (NYSE:XOM), issued a statement saying that the U.S. government had issued them with an extension license allowing them to wind up drilling in the Russian arctic. Their operations now have to come to a halt after the U.S government issued sanctions on Russia due to their interventions…
Could Exxon Mobil Corporation (XOM) Be Exiting California Because of Stringent Environmental Rules?
Exxon Mobil Corporation (NYSE:XOM) is rumored to have finally given in to the strict and tough laws that have had refineries packing and living the state. The tough environmental laws have over time had big oil companies leave the State, and now Exxon Mobil Corporation might be the next in line to throw in the…
Tesla Motors Inc (TSLA) and SolarCity Corp (SCTY) Are Planning to Change The Structure Of The World’s Energy
Two cousins, Elon Musk and Lyndon Rive, have revealed a mega plan that will likely transform the world’s energy sector. Over the years, Musk and Rive have been friends and business partners. Rive’s SolarCity Corp (NASDAQ:SCTY), where Musk is also a board member, has been selling Musk’s Tesla Motors Inc (NASDAQ:TSLA) batteries. Just recently, Tesla…
Steel Dynamics, Inc. (STLD) Shares Soar Amid Solid Third Quarter Earnings Forecast
The shares of Steel Dynamics, Inc. (NASDAQ:STLD) rose 3.8% after a strong profit forecast for the third quarter 2014. The company released its earnings guidance for the third quarter to stand at $0.34 to $0.38 per diluted share. The earnings guidance includes $34 million in accounting adjustments for Steel Dynamics, Inc. (NASDAQ:STLD)’s acquisition of Severstal…
Tesla Motors Inc (TSLA) Likely To Work With SolarCity Corp (SCTY); Gigafactory Might Power Houses in Future
Tesla Motors Inc (NASDAQ:TSLA)’s Gigafactory has raised concerns among analysts about the overall utilization of its production capacity. Tesla Motors Inc (NASDAQ:TSLA) is going to invest $5 billion in the factory, which is likely to create up to 6,500 jobs and the company is likely to reach 50 gigawatts of battery storage capacity by 2020.…