14 US states sue Biden administration over oil and gas leasing pause
Alaska governor will challenge Biden exec. order on oil, gas leasing
Alaska Gov. Mike Dunleavy (R) discusses the Biden administration’s approach to oil and gas drilling on federal lands, as well as rare earth mining in his state.
Fourteen U.S. states including Louisiana and Wyoming filed suit on Wednesday against President Joe Biden’s administration to challenge his pause on new oil and gas leasing on federal lands and waters.
A coalition of 13 states filed one lawsuit in federal court in Louisiana, while Wyoming filed a its own lawsuit in federal court in that state. The states joining Louisiana’s suit included Alabama, Alaska, Arkansas, Georgia, Mississippi, Missouri, Montana, Nebraska, Oklahoma, Texas, Utah and West Virginia.
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Biden, a Democrat, in January signed an executive order putting on hold new leasing on federal lands pending a policy review. The U.S. Interior Department, which oversees the federal oil and gas program, is set to launch a review of the federal oil and gas leasing program on Thursday, a key step that will determine whether the administration will permanently halt new leases.
The department declined to comment on the litigation.
Reporting by Nichola Groom; Editing by Will Dunham
Boy, 14, killed and brother injured after refusing to give stranger a cigarette
Jefferies Financial Group Q1 Profit Rises
Jefferies Financial Group Inc. (JEF) Wednesday reported first-quarter net income of $582.4 million or $2.13 per share, up from $113.0 million or $0.37 per share last year.
Revenues for the quarter grew to $2.49 billion from $1.39 billion last year.
Jefferies also declared a quarterly dividend of $0.20 per share, payable on May 28, 2021 to record holders on May 17, 2021.
Road closure expected on westbound I-70, CO 91 Thursday
A road closure is expected on March 25 from 10 a.m until 1 p.m. on Interstate 70 going westbound to Colorado 91 near Copper Mountain.
The road will be closed due to semi vehicle recovery, according to the Colorado Department of Transportation.
Traffic going eastbound will not be impacted by the closure.
CDOT recommends using Exit 195 for access to Copper and CO 91.
Disney Plus to raise prices in U.S. – Variety
(Reuters) – Walt Disney Co’s streaming service, Disney Plus, is increasing prices in the United States for the first time starting Friday, Variety reported on Wednesday. (bit.ly/3siNWvS)
Amazon Names Salesforce Executive Adam Selipsky To Head AWS
Amazon.com Inc. (AMZN) has named Adam Selipsky, currently CEO of Salesforce-owned software maker Tableau, to head its Amazon Web Services division.
Andy Jassy, the current head of AWS and the incoming CEO of Amazon, informed employees about the appointment in an email on Tuesday, CNBC reported. Jassy has been leading Amazon’s cloud business for the past 15 years.
“Adam brings strong judgment, customer obsession, team building, demand generation, and CEO experience to an already very strong AWS leadership team. And, having been in such a senior role at AWS for 11 years, he knows our culture and business well,” Jassy wrote in the memo.
Selipsky had previously served as AWS’ Vice President for Sales, Marketing and Support, before leaving to run then-public Tableau in 2016. Salesforce bought Tableau for $15.7 billion in 2019.
Selipsky will rejoin Amazon in May, when he and Jassy will be “transitioning together” into their new roles.
“With a $51B revenue run rate that’s growing 28% YoY (these were the Q4 2020 numbers we last publicly shared), it’s easy to forget that AWS is still in the very early stages of what’s possible,” Jassy wrote in the memo. “We have a lot more to invent for customers, and we have a very strong leadership team and group of builders to go make it happen.”
RH Q4 Results Beat Street View; Outlook Strong; Shares Up 8%
Shares of RH (RH) are gaining over 8% in extended trading session on Wednesday driven by strong earnings results and upbeat guidance.
Net income for the fourth quarter rose to $130.2 million or $4.31 per share from $68.4 million or $3.58 per share last year. Adjusted earnings for the quarter were $5.07 per share, up from $3.72 per share last year.
Fourth-quarter revenues grew to $812.4 million from $665.0 million last year.
Analysts polled by Thomson Reuters estimated earnings of $4.76 per share on revenues of $797.66 million for the quarter.
Looking forward, the company expects first-quarter revenue growth of at least 50%, and full-year 2021 revenues of 15% to 20%. Analysts currently estimate revenues growth of 36.70% and 10.90% for the first quarter and full year 2020, respectively.
RH closed Wednesday’s trading at $485.11, down $23.39 or 4.60%, on the NYSE. The stock, however, gained $40.89 or 8.43%, in the after-hours trading.
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