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Title : The Energy And Market Page, +228 -- September 5, 2017
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The Energy And Market Page, +228 -- September 5, 2017

Houston recovery: Petrobras refinery in Pasadena, TX, reportedly restarted.

Oh-oh: Lego to slash 1,400 jobs as it posts first sales drop in over a decade. Toymaker expects to cut 8% of its workforce by the end of 2017. Link at WSJ.

• currently employs about 18,200 people worldwide
• grappling with competition from smartphone apps, digital games
• net profit slipped from 3.5 billion kroner a year earlier to 3.4 billion for most recent six months
• revenue dropped 5% to around $15 billion kroner
• however, Lego's revenue topped rival Mattel; the latter reported half year sales of $1.71 billion
• conversion rate: 1 Danish krone = 16 cents
• 0.16 * 14.9 billion kroner = $2.384 billion

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