Australia's Macquarie reaps windfall profits from U.S. winter freeze

SYDNEY (Reuters) – Macquarie Group earned big profits off the winter storms sweeping across Texas and other U.S. states, with the gains from its trading operations single-handedly changing the Australian bank’s outlook for the year.FILE PHOTO: The logo of Australia’s biggest investment bank Macquarie Group Ltd adorns the main entrance

Delta Air expects daily cash burn of up to $14 million in fourth quarter

FILE PHOTO: A Delta Air Lines Airbus A350-900 plane takes off from Sydney Airport in Sydney, Australia, October 28, 2020. REUTERS/Loren Elliott/File Photo(Reuters) – Delta Air Lines said on Thursday it expects a cash burn of about $12 million to $14 million per day in the fourth quarter as slowing

July wildfire outlook: Increased risk for western, southern Colorado

With Colorado’s snowpack all but gone and drought continuing to spread and intensify across the state, wildfire concern will be above average for parts of western and southern Colorado this month, based on data from the National Interagency Fire Center. The fire center’s July outlook placed most of western and

GE to take up to $500 million cashflow hit from virus, sticks to targets

(Reuters) – General Electric Co (GE.N) said on Wednesday it would take a hit of $300 million to $500 million to its first-quarter cash flow from the coronavirus outbreak, while reaffirming its cash and profit targets for the full year. Shares in GE, which employs thousands of workers in China