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Halliburton, Baker Hughes call off merger

Edit The Times of India 02 May 2016
US oil services companies Halliburton and Baker Hughes have called off their proposed merger that had met resistance from antitrust officials, a joint statement said Sunday ... innovation in the oil services business ... Martin Craighead, chairman and chief executive Baker Hughes called the termination "disappointing."....

IGIA spins larger-than-life yarn

Edit The Hindu 02 May 2016
India’s biggest and busiest airport will now have something new to boast about — the world’s biggest charkha. The larger-than-life charkha is 27-foot wide and 15-foot tall ... Airport’s private operator Delhi International Airport Ltd. (DIAL) has statutory right on Terminal 3 for allotment of land and space in and around the terminal ... Saxena told The Hindu ... Saxena added ... ....

CMRL, Gammon agree for arbitration

Edit The Hindu 02 May 2016
Kaul and Justice M.M ... The decision of the CMRL in July 2015 to terminate the order placed to Gammon — due to delay in completion of the tunnelling project after Gammon’s joint venture partner Mosmetrostroy, a Russian company, abandoned the project — led to the legal battle as Gammon approached the High Court. Rs ... Gammon approached the HC after its contract was terminated ... ....

Asian Stocks Slide After Yen Caps Biggest Gain Since 2008 Crisis

Edit Bloomberg 02 May 2016
Asian stocks fell after the yen strengthened past 107 per dollar, weighing on the earnings outlook for Japanese exporters, while data in China suggested the country’s central bank may have less need to loosen monetary policy ... in Tokyo ... The non-manufacturing PMI, which signals conditions at services and construction firms, slid slightly to 53.5 last month after a big jump in March ... Before it's here, it's on the Bloomberg Terminal. ....

Funds Ignoring Climate Risks Rose Last Year Despite BOE Warning

Edit Bloomberg 02 May 2016
The 246 “laggards” identified as not acting hold $14 trillion in assets, the report said ... investors is potentially “huge,” he has said ... The guidelines will prompt many companies to change their reporting practices despite being voluntary, according to panel member Michael Wilkins, global head of environmental and climate risk research at Standard & Poor’s Ratings Services ... Before it's here, it's on the Bloomberg Terminal. ....

BRIEF-Halliburton and Baker Hughes announce termination of merger agreement

Edit Reuters 02 May 2016
* Challenges in obtaining remaining regulatory approvals, general industry conditions led to termination of deal ....

Thai Yield Drops Below Treasuries for 1st Time Since 2010: Chart

Edit Bloomberg 02 May 2016
counterpart for the first time since 2010 ... Before it's here, it's on the Bloomberg Terminal. ....

Oil Slips in New York After Iraq Exports Approached Record High

Edit Bloomberg 02 May 2016
Oil fell a second day after Iraq’s oil exports approached a record high in April, adding barrels to a worldwide supply glut ... Exports rose from March’s 3.29 million barrels a day ... Before it's here, it's on the Bloomberg Terminal. ....

Virgin Australia Sees Lower-Than-Expected Profit as Demand Falls

Edit Bloomberg 02 May 2016
Virgin Australia Holdings Ltd.’s full-year profit may be less than half that expected by analysts amid capacity cuts and weak travel demand ... That compares with an average estimate among five analysts of A$84 million, according to data compiled by Bloomberg ... in Sydney trading ... Before it's here, it's on the Bloomberg Terminal. ....

Everything you need to know about the big changes coming to Newark airport

Edit Lehigh Valley 02 May 2016
Airlines pay for takeoff and landing slots at airports ... Level 1 ... Level 2 ... ". In addition to JetBlue, two low-cost carriers, Spirit and Alaska airlines, have both told NJ Advance Media that they are considering putting in for additional service at Newark.  What about the lines? ... Since then, there have a been a number of reports of screening lines snaking through terminals, causing longer than normal wait times ... ....

Japanese Stocks Tumble as Exporters Retreat Amid Stronger Yen

Edit Bloomberg 02 May 2016
Japanese stocks tumbled as a reluctance for additional easing from the Bank of Japan sent the yen to the highest level in more than 18 months, pummeling companies that rely on overseas markets for sales. . The Topix index sank 3.1 percent to 1,298.70 as of 9.04 a.m ... in Tokyo ... Apple Inc ... Before it's here, it's on the Bloomberg Terminal. ....

Takata Falls on Report Recalls May Widen to 100 Million Vehicles

Edit Bloomberg 02 May 2016
Takata Corp. plunged as much as 16 percent after the Nikkei newspaper said U.S. regulators plan to call for expanded recalls of air bags already at the center of the biggest safety crisis in the automotive industry’s history. The shares fell 12 percent to 362 yen as of 9.55 a.m. in Tokyo trading after declining to as low as 345 yen ... Before it's here, it's on the Bloomberg Terminal. ....

Metropolitan touch to Metro corridors

Edit The Hindu 02 May 2016
he Delhi Development Authority (DDA) has finalised its Transit-Oriented Development (TOD) policy which will allow intensive development around Metro corridors ... The incentives were provided at the stations which may overlap with Metro stations or railway terminals, in order to generate cross-subsidy for improvement of the system ... These clauses for redevelopment areas, however, have now been removed from the draft ... till May 24. ....
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