Blog Posts by Aaron Task

  • Russia's Lukoil eyes return to Iran once sanctions are lifted

    The head of Lukoil said on Monday that the Russian energy group wanted to return to Iran as soon as sanctions on Tehran are lifted, the latest foreign company to signal interest in developing the country's oil and gas after a nuclear deal with the west.

    Vagit Alekperov, Lukoil president, told reporters at the CERA Week energy conference in Houston that the group's office in Iran, recently reopened, was studying geological data so it could take advantage of any opportunities should international sanctions be eased.

    He said: "We hope that sanctions will be lifted in the medium term, in the near term, and that we will be able to come back to Iran and come back to the field we were working on."

    Mr Alekperov disclosed that he met Iranian oil minister Bijan Zanganeh at the World Economic Forum in Davos, where he signalled that Lukoil was "ready to participate" in the development of the oil industry.

    Lukoil and Norway's Statoil began work on the Anaran oilfield in 2003, but

    Read More »from Russia's Lukoil eyes return to Iran once sanctions are lifted
  • Momo Files Annual Report on Form 20-F for Fiscal Year 2014

    BEIJING, April 20, 2015 (GLOBE NEWSWIRE) -- Momo Inc. (MOMO) ("Momo" or the "Company") today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2014 with the Securities and Exchange Commission on April 20, 2015. The annual report can be accessed on the Company's investor relations website at or on the SEC's website at

    The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders upon request. Requests should be directed to the Company's IR Department via email at or by mail at 20th Floor, Block B, Tower 2, Wangjing SOHO, No.1 Futongdong Street, Chaoyang District, Beijing 100102, People's Republic of China.

    About Momo Inc.

    Momo is a leading mobile social networking platform in China. Momo connects people in a personal and lively way through a revolutionary mobile-based social networking platform.

    Read More »from Momo Files Annual Report on Form 20-F for Fiscal Year 2014
    For more information, please contact:
    Momo Inc.
    Ms. Vanessa Chen
    Phone: +86 10-5731-0538
    In China
    Mr. Christian Arnell
    Phone: +86-10-5900-1548
    In US
    Ms. Linda Bergkamp
    Phone: +1-480-614-3004
  • North Dakota House endorses revamp of state oil taxes

    North Dakota House endorses rewrite of oil taxes; petroleum industry wants flat tax

    BISMARCK, N.D. (AP) -- The North Dakota House endorsed a bill Monday that will cut an exemption for oil companies if crude prices continue to slide, in exchange for a lower and permanent flat tax rate.

    The House voted 57-32 to approve the measure that supporters believe offers predictability in crafting budgets, while opponents say it could cost the state billions of dollars in oil tax revenue in the long run.

    Democrats and leaders from the oil-rich Fort Berthold Indian Reservation in western North Dakota oppose the bill by the Republican-controlled Legislature that would restructure oil taxes as a hedge against falling crude prices.

    "This is good policy," said Fargo Rep. Al Carlson, North Dakota's Republican House majority leader and the primary sponsor of the bill. "It creates a stable environment."

    But Senate Minority Leader Mac Schneider, D-Grand Forks, said the proposal is "artificial and

    Read More »from North Dakota House endorses revamp of state oil taxes
  • $134M proposed for 10 BP-funded oil spill recovery projects

    Sea turtles; 4 Mississippi bays; 4 Texas islands; Bluefin tuna, sharks could get $116.5M

    JACKSON, Miss. (AP) -- State and federal officials overseeing $1 billion provided by BP PLC to spur recovery from the 2010 Gulf of Mexico oil spill said Monday that they're proposing another 10 projects totaling $134 million.

    About $700 million to repair environmental damage and enhance recreational access has been allocated previously, although some of that work has yet to begin.

    The latest projects announced on the fifth anniversary of the spill are preliminary, with officials planning to reach a final agreement with the oil company later this year. If approved, they would bring total spending so far to $832 million.

    More projects will be announced later to spend the remainder of the $1 billion in early restoration money, which is a down payment on the much larger amount in fines that BP is expected to eventually pay. Trustees of the restoration program plan to take public comment on the latest projects given

    Read More »from $134M proposed for 10 BP-funded oil spill recovery projects
  • LONDON, April 21, 2015 /PRNewswire/ --

    • Specialised innovators and entrepreneurs needed to develop and implement new solutions with a global climate change deal expected in Paris this year
    • Current worldwide climate change losses already estimated at $1.2 trillion, huge opportunity for business sector
    • Chinese graduates and students could be joining hundreds of top graduates in Europe this summer and learn how to leverage business opportunities and to experience real-world business
    • Participants selected from multiple disciplines including design and architecture as well as science and business to encourage inter-disciplinary collaboration
    • Five week summer school culminates in real-life pitch challenge judged by Europe's leading venture capitalists, startup entrepreneurs and scientists

    With a global climate change deal expected at the United Nation's COP21 summit in Paris this year, the rapid development of practical solutions for cutting greenhouse gas emissions is gaining momentum.

    Read More »from Chinese Graduates and Students Attending Europe's Leading Summer School to Become Sustainable Entrepreneurs of Tomorrow
  • EU to Step Up Response to Migration Crisis

    The EU pledged measures to scale up its response to the region’s growing migration crisis, seeking to stem the thousands of people risking the deadly sea crossing.

  • New Political Committees Formed to Elevate Causes, Candidates in Support of Sensible Reform of California's Marijuana Laws

    Weedmaps Media, LLC makes first $1 m contribution, pledges more, calls on industry to match commitments & ensure reform protects local communities, law enforcement, employers & employees

    ORANGE COUNTY, Calif., April 20, 2015 /PRNewswire/ -- Today, Californians for Sensible Reform (CSR), a new political organization founded by online entrepreneur Justin Hartfield in support of common-sense fixes to California's marijuana laws, announced the formation of a new general-purpose ballot measure committee ("Californians for Sensible Reform") and a candidate political action committee ("Californians for Sensible Reform PAC").

    Californians for Sensible Reform logo

    In addition, they announced the first $1 million contribution from Weedmaps Media, LLC. to the new ballot-measure committee -- dedicated to supporting politically-viable, consensus-supported ballot measures in 2016 -- pledged additional support for political candidates with pro-decriminalization voting records, and called on other members of this rapidly maturing industry to make similar commitments.

    "Decriminalization of adult marijuana use in California is bigger than any business -- it's a generational cause and an economic imperative," said Justin

    Read More »from New Political Committees Formed to Elevate Causes, Candidates in Support of Sensible Reform of California's Marijuana Laws
  • Hormel says bird flu outbreak will hurt turkey sales

    Hormel says bird flu outbreak will reduce turkey sales; about 2.3M turkeys affected nationwide

    NEW YORK (AP) -- Hormel says it will sell less turkey this year because of a spreading bird flu outbreak.

    So far the virus has been found at farms housing 2.3 million turkeys, all of which have died of the disease, or have been killed or soon will be in order to stem the spread of avian flu. Most of the birds were in Minnesota, which is the largest turkey-producing state in the U.S.

    Big commercial farms have been hit hard, and Hormel said Monday it is experiencing significant turkey supply-chain problems. It expects outbreaks to decrease as the weather improves.

    Both Hormel and its Jennie-O Turkey Store division are based in Minnesota.

    Hormel Foods Corp., citing its upcoming second-quarter report, said Monday that it can't comment on how turkey prices or the Thanksgiving turkey season will be affected. It is scheduled to report its earnings May 20 and said it will provide more details about its

    Read More »from Hormel says bird flu outbreak will hurt turkey sales
  • BENTON HARBOR, Mich., April 20, 2015 /PRNewswire/ -- The board of directors of Whirlpool Corporation today declared a 20 percent increase in the quarterly dividend on the company's common stock to 90 cents per share from 75 cents per share. The dividend is payable June 15, 2015, to stockholders of record at the close of business on May 15, 2015.

    Whirlpool Corporation Logo

    "This dividend increase not only highlights our commitment to create value for shareholders, but also underlines Whirlpool Corporation's strong financial condition and confidence in our business going forward," said Jeff M. Fettig, chairman and chief executive officer of Whirlpool Corporation. "Our company has the most significant opportunities for growth and value creation in the next four years that we've ever had in our 103-year history. Through our multiple paths for profitable growth and consistently strong execution, we will continue to generate substantial value for our shareholders during the long term."

    About Whirlpool Corporation

    Read More »from Whirlpool Corporation Increases Quarterly Dividend 20% Based On Growth Opportunities And Value Creation
  • Brownback vetoes bill increasing regulations on Uber drivers

    Brownback vetoes bill increasing regulations on Uber, but Legislature may vote to override it

    TOPEKA, Kan. (AP) -- Gov. Sam Brownback vetoed a bill Monday that would have increased regulations on ride-hailing companies like Uber, a decision that could face an override vote when the Legislature returns from its annual recess April 29.

    In a statement, the governor said the bill, which would have required state background checks and broader insurance coverage for drivers for ride-hailing companies, was "premature" and might stifle innovation in the state.

    "This will allow companies like Uber to continue and expand operations in Kansas, where they otherwise would not be able to do so," Brownback said.

    Uber connects drivers to riders through a mobile app and now has about 700 subcontracted drivers operating in Kansas after entering the state in 2014, but had said it would cease operations in the state if the governor signed the bill into law.

    The company applauded Brownback's veto, saying in a

    Read More »from Brownback vetoes bill increasing regulations on Uber drivers


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