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Exxon Mobil posts 1Q profit of $4.94 billion, result tops expectations

2015-04-30 15:07:18| Oil & Gas - Topix.net

The results surpassed Wall Street expectations, but Exxon does not adjust its reported results based on one-time events such as asset sales. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 80 cents per share.

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Oil drops as a result of weak Japanese factory data

2015-04-30 01:00:00| Offshore Technology

The price of Brent crude oil dropped today as a result of weakened factory production from Japan for the second straight month.

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JetBlue earliest to cancel during storms, says fewer refunds result

2015-04-14 09:05:36| Airlines - Topix.net

Scrapping some flights hours ahead of a storm lets an airline re-allocate planes and crew earlier, meaning fewer flights and passengers canceled in total as a storm passes. Canceling early also spares travelers unnecessary trips to the airport and gives them more options to rebook, compared with cancellations that take place at the last minute.

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International Paper to transition Riegelwood mill production, will result in fewer jobs

2015-03-31 18:30:53| Paper - Topix.net

International Paper announced Tuesday that it plans to expand fluff pulp production at its Riegelwood mill, but the expansion will cost the plant jobs. According to a news release, International Paper will invest $135 million in the plant to transition to 100 percent fluff and softwood pulp production, adding an additional 400,000 tons of capacity.

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Extreme cold temps not the result of climate change

2015-03-29 22:19:00| Climate Ark Climate Change & Global Warming Newsfeed

RedOrbit: A harsh winter cold spell that affected much of the Eastern US last month may have shattered record low temperatures that had stood for decades, but it was not the result of climate change, according to researchers from ETH Zurich and the California Institute of Technology. In fact, events experienced in that part of the country over the past two winters may have caused part of Niagara Falls to freeze and ice floes to form on the Great Lakes, but incidents like this are actually becoming increasingly...

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