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U.S. Oil Explorers Seen Reporting $14 Billion in 2015 Losses

2016-01-27 07:57:19| Oil & Gas - Topix.net

During the next eight days, independent U.S. oil explorers are expected to report 2015 losses totaling almost $14 billion, the result of the steepest price collapse in a generation. Hess Corp. kicks off earnings season for the companies on Wednesday with what analysts predict will be an annual loss of $1.6 billion, its worst performance in at least 28 years.

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SMIC to Benefit from $3 Billion Investment

2016-01-26 22:21:09| Semiconductors - Topix.net

The Shanghai Integrated Circuit Investment Fund has announced a plan to invest 20 billion yuan in foundry Semiconductor Manufacturing International Corp. and two other Shanghai-based chip manufacturers, according to a Moody's Investors Service report. Although the funds are to be split between three manufacturers Moody's expects SMIC to get at least one quarter or about $750 million.

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New York Launches $5 Billion Clean Energy Fund

2016-01-26 20:04:00| Transmission & Distribution World

New York Governor Andrew Cuomo last week announced the New York State Public Service Commission's approval of a 10-year, $5 billion Clean Energy Fund. read more

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Mike Bloomberg Is Worth $49 Billion, Much More Than Most People Thought

2016-01-26 18:54:45| IT Services - Topix.net

Why should anyone care? The game of how much billionaires are worth is an often silly exercise that nonetheless matters a great deal to the absurdly wealthy , even when it typically involves irrationally large sums that have little practical day-to-day value. Still, it's fun to play along, especially when it involves Bloomberg , who is considering a possible presidential bid to topple Trump, the reality TV star who may or may not be worth quite as much as he claims .

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n-tech Finds the Market for Multifunctional Smart Materials will Exceed US $1.4 Billion by 2021

2016-01-26 06:00:00| Coatings World Breaking News

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