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Oil company bosses' bonuses linked $1tn spending extracting fossil fuels

2015-05-25 23:02:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Bosses at the worlds big five oil companies have been showered with bonus payouts linked to a $1tn (650bn) crescendo of spending on fossil fuel exploration and extraction over nine years, according to Guardian analysis of company reports. The unprecedented push to bring untapped reserves into production, and to exploit new and undiscovered fields, involves some of the most complex feats of engineering ever attempted. It also reflects how confident ExxonMobil, Shell, Chevron, Total and BP are...

Tags: company oil linked spending

 

SE Asia's spending on UHD TV up by over 700 percent

2015-05-25 13:00:00| Digital TV News

Total sales volume of flat panel TV continues to slow down in six key Southeast Asia markets but consumer demand for ultra-high definition (UHD) models has spiked exponentially according to GfK.

Tags: up percent spending asias

 
 

Daimler ready to increase spending in German factories

2015-05-25 12:02:20| Auto Dealers - Topix.net

Daimler AG, the parent company of Mercedes-Benz, the third largest luxury automaker in the world, has decided to spend 750 million euros to upgrade and expand its assembly facility in Bremen, northern Germany. The German automaker is modernizing the Bremen plant in preparation for the upcoming production introduction of two new models - the upcoming generation of the C-Class top selling lineup, next to a couple of additional models, according to a statement issued by Daimler AG.

Tags: increase ready german spending

 

Recovering real estate market pushes up credit card spending on furniture

2015-05-25 10:36:09| Real Estate - Topix.net

South Korea's credit card spending on furniture rose sharply in the first two months of this year on the back of a rise in home transactions as the local property market has been on a clear recovery track, data showed Monday. According to the data compiled by the Bank of Korea, South Korean people bought 124.4 billion won worth of furniture by credit card in January, up 40.5 percent from a year earlier.

Tags: real estate market card

 

On paper, Hawaii tourism is breaking records, but closer look shows spending side has a problem

2015-05-22 12:44:17| Airlines - Topix.net

At a recent PBN roundtable on tourism, Hawaiian Airlines President and CEO Mark Dunkerley said that although the past few years - with 2015 shaping up to be more of the same - look great in terms of visitor counts, the visitor spending side has a problem. In each of the past three years, Hawaii welcomed more than 8 million visitors who spent more than $14 billion in the state.

Tags: problem side paper shows

 

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