Tag: Yahoo Finance

Chevron Wins Venezuela Waiver Extension As Sanctions Bite

(Bloomberg) -- The Trump administration extended Chevron Corp.’s waiver to operate in Venezuela, allowing the second-largest U.S. oil explorer to keep its toehold in the crisis-stricken Latin American nation as U.S. sanctions severely restrict crude exports.The 90-day reprieve lets Chevron continue its role as the last major U.S. oil producer in the country until Jan. 22. The Treasury Department on Monday also extended waivers for four U.S. oil services providers: Baker Hughes Co., Halliburton Co., Schlumberger Ltd. and Weatherford International Ltd.The extension is the first granted since Trump fired former National Security Advisor John Bolton, who was seen as a vocal opponent of granting exceptions for U.S. companies doing business in Venezuela. Perhaps tellingly, Monday’s waiver was granted four days ahead of expiration, compared with a gap of just hours last time around.Chevron’s joint ventures in the country are with Petroleos de Venezuela SA, the national oil company and the lifeblood...

Bombardier unveils revamped small business jet to compete with Embraer

Bombardier on Monday unveiled its revamped Liberty Learjet 75 corporate plane, betting that extra legroom and a lower price tag would help the Canadian company beat back competition from Embraer SA's market leading model. Bombardier and Embraer are both turning to their corporate jet divisions for growth after shedding control of their commercial aviation programs. "It's more space, and more performance (than competitors) with similar cost and operating cost," Mischa Loeffler, manager for product planning at Bombardier Aviation told Reuters at Monday's unveiling of a mock-up model of the plane for the news media....