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HOUSTON (Reuters) - German engineering firm Siemens (SIEGn.DE) plans to dismiss about 200 workers at a gas turbines parts and components service center in Houston, Texas, next year due to weaker global demand, a company spokesman said on Tuesday. The Texas operation will close between late 2019 and 2020, according to the spokesman, who called the decision “difficult.”. In a letter to the Texas Workforce Commission, Siemens also pointed to overcapacity within its network. Siemens said in September that it would cut 2,900 jobs in Germany to boost the competitiveness of its Power and Gas and Process Industries divisions. [nL8N1WA4C2].

WILMINGTON, Del, (Reuters) - Venezuela is facing the possible unraveling of a pair of billion-dollar settlements aimed at protecting the cash-strapped country’s U.S.-based Citgo Petroleum Corp from seizure by creditors, 3d darth vader cufflinks and tie bar gift set A lawyer for Canadian mining company Crystallex International Corp said on Tuesday Venezuela had breached the $1.4 billion November agreement that resolved a long-running fight over an expropriated gold mine, Separately, Venezuela’s $1.3 billion settlement in October with Rusoro Mining of Vancouver, also over expropriated mining assets, has been upended by U.S, sanctions on Caracas, a source told Reuters..

Venezuela’s Information Ministry did not immediately reply to a request for comment. Both companies had their sights on getting a U.S. court order to auction the parent company of Citgo, which is indirectly owned by Venezuela through its state oil company, PDVSA. While Venezuela has been crippled by an economic crisis and has defaulted on tens of billions of dollars of debt, it has struck deals to protect Citgo’s refineries, a key destination for Venezuela’s crude. Crystallex attorney Robert Weigel said in a statement that Venezuela breached its agreement because PDVSA continued to try to overturn a court order that allowed Crystallex to seize the stock in Citgo’s parent company.

A lawyer for PDVSA disputed that 3d darth vader cufflinks and tie bar gift set a Monday filing with a federal appeals court amounted to a breach, “As far as I’m aware, PDVSA is not a party to a settlement with Crystallex,” said Joseph Pizzurro, the Curtis, Mallet-Prevost, Colt & Mosle, Crystallex plans to restart efforts to auction Citgo, according to Weigel, of Gibson, Dunn & Crutcher, Crystallex also hired the Moelis & Company investment bank to advise it on a possible sale of Citgo, although that process has been stayed during the appeal by Venezuela and PDVSA..

Rusoro’s deal in October required Venezuela to pay $100 million by the end of November. Caracas transferred some of that payment to a Canadian bank which returned the funds to Venezuela due to concerns about violating U.S. sanctions, a source familiar with the situation told Reuters. An attorney for Rusoro did not respond to a request for comment. Sanctions have become a headline concern since Meng Wanzhou, the chief financial officer of China’s telecoms giant Huawei Technologies Co Ltd [HWT.UL], was arrested in Canada on Dec. 1 at the request of U.S. authorities.

(Reuters) - Shares in Boeing Co (BA.N) slipped 2 percent on Tuesday after November deliveries suggested the world’s largest planemaker will need a surge in deliveries in December to hit its year-end targets, though it surpassed some analyst expectations, Boeing said it delivered 61 of its top-selling 737 single-aisle jetliners in November, above its monthly production rate of 52, and higher than the 43 aircraft delivered in October, While Boeing reports deliveries of specific airplane types but does not make comparable projections, Jefferies analyst Sheila Kahyaoglu said in a client note 3d darth vader cufflinks and tie bar gift set that Boeing would need to deliver 79 of its 737s in December to hit its total 2018 airplane delivery target of 810 to 815 airplanes..

“Our estimate assumes deliveries of the 737 reach 79 in December, which is unlikely,” Kahyaoglu said. Boeing’s delivery data for 737s surpassed the expectations of some analysts. Before Tuesday, UBS analyst Myles Walton said Boeing delivered around 55 737s, while Baird’s Peter Arment said November 737 deliveries were roughly 45 aircraft. Overall, Boeing deliveries for the first 11 months of 2018 rose to 704 aircraft from 680 in the same period a year earlier. That leaves 106 aircraft left to deliver to customers in December to meet its target.

Higher deliveries for the 737 and 767 were offset by drops in the 777 and its carbon-composite 787 Dreamliner, company data showed, Investors and analysts closely watch the number of planes Boeing turns over to 3d darth vader cufflinks and tie bar gift set airlines and leasing firms for cues on the company’s cash flow and efficiency, The November data suggests the Chicago-based planemaker may finally be getting a handle on supplier problems that have snarled production this year as it works toward even higher production rates next year..



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