Super El Nino: Famine Follows War?

O-I Glass Plunges As Gulf Energy Shock Hits Earnings Outlook Glass bottle and jar company O-I Glass plunged the most in premarket trading in more than six years after it slashed its full-year adjusted EPS outlook, blaming higher energy costs tied to the Gulf-related energy shock. The major glass-container manufacturer, producing bottles and jars for the beer, wine, spirits, beverage, and food-packaging markets, now expects adjusted EPS of $1.00 to $1.50, down sharply from its prior forecast of $1.65 to $1.90 and well below the $1.67 Bloomberg Consensus estimate.  Slide 8 detailed...

The US has launched at least two more airstrikes in Somalia as the escalated US bombing campaign continues to receive virtually no media coverage in the US. According to a press release from US Africa Command, its forces launched “airstrikes” against the ISIS affiliate in Somalia’s northeastern Puntland region on April 25 and April 26. […]

Legendary Swiss Bank "Thinks The Unthinkable"; Report Swiss banking giant UBS is considering abandoning its home country and relocating to the United States as a bitter battle over government regulations threatens to upend one of the world's most powerful financial institutions. The Zurich-based banking powerhouse and its advisers have drawn up contingency plans to move its headquarters abroad if Swiss lawmakers impose sweeping new capital requirements, according to The Wall Street Journal. The bank has also received approaches from potential American deal partners, although no negotiations are underway and no formal steps...