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Second US shale boom's legacy: Overpriced deals, unwanted assets NEW YORK (Reuters) - Oil and gas companies plunged over $156 billion into corporate takeovers and land deals during the second U.S. shale boom, in a massive bet that good times would continue and crude prices would rise. Many of those deals have ...
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Stocks making the biggest moves in the premarket: Honeywell, Amgen, Salesforce, Apple, GE & more Stocks making the biggest moves in the premarket: Honeywell, Amgen, Salesforce, Apple, GE & more. Published Mon, Aug 31 20207:42 AM EDT.
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New Chinese rules could complicate a sale of TikTok's US business Hong Kong/Atlanta (CNN Business) China appears to have complicated efforts to sell TikTok to an American company by introducing new rules that could allow Beijing to veto any potential deal. The twist in the TikTok saga stems from notices published by the ...
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Brent hits five-months high on Abu Dhabi supply cuts, China data LONDON (Reuters) - Oil rose on Monday, with Brent touching the highest in five months, underpinned by a 30% cut in Abu Dhabi crude supplies and encouraging Chinese data even as global demand struggles to return to pre-COVID levels in a well supplied ...
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Bill Gates' Nuclear Firm Says New Reactor Can Backstop Grid With Molten Salt Storage Nuclear power is the Immovable Object of generation sources. It can take days just to bring a nuclear plant completely online, rendering it useless as a tool to manage the fluctuations in the supply and demand on a modern energy grid. Now a firm launched by ...
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History of Apple stock splits says investors shouldn't rush in to buy lower-priced shares Apple announced a 4-for-1 stock split in late July, and begins trading on a split-adjusted basis on Monday. The tech giant recently became the first company to reach a $2 trillion market cap, with pre-split shares reaching $500. The company's fifth stock split ...
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GSK, partner Vir join race to find COVID-19 antibody treatment (Reuters) - GlaxoSmithKline and partner Vir Biotechnology have started testing their experimental antibody on early-stage COVID-19 patients, entering the race to find a winner in a promising class of antiviral drugs to combat the pandemic. FILE PHOTO: ...
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The Dow Jones Industrial Average Is Changing: What Does It Mean For You? The Dow is now down an oil behemoth. Along with Exxonmobil (XOM), the integrated energy giant, the Dow Jones Industrial Average (DJIA) has jettisoned Pzfeizer (PFE) and Raytheon Technologies (RTX), replacing them with Salesforce.com (CRM), Amgen ...
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McDonald's slams ex-CEO as 'morally bankrupt' after he asks for dismissal of chain's lawsuit against him McDonald's responded to former CEO Steve Easterbrook's request to dismiss the lawsuit against him. The company sued Easterbrook to recoup his severance package after allegedly discovering that he had sexual relationships with three additional women ...
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Nestle Just Bought a Biotech Company. Here's Why. Nestle wants to wipe out peanut allergies—and it's buying a biotech to help make that happen. The maker of Goobers—those chocolate-covered peanuts popular at the movies—is acquiring the rest of Aimmune Therapeutics it doesn't own. Aimmune makes ...
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Refi Rates Today, August 31, 2020 | Rates drop off The average rate for a 15-year fixed refi is 2.63 percent, down 9 basis points over the last week. Monthly payments on a 15-year fixed refinance at that rate will cost around $671 ...
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Indian Central Bank Announces New Measures to Maintain Market Stability MUMBAI — The Reserve Bank of India announced new measures on Monday to maintain stability in the financial system during the coronavirus pandemic, including two more tranches of special open market bond operations in its 'Operation Twist'.
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Global safety and protective equipment market to record momentous growth during 2020-2025 Selbyville, Delaware, Aug. 31, 2020 (GLOBE NEWSWIRE) -- As per the estimates, worldwide safety and protective equipment market which garnered revenues worth USD 50.05 billion in 2019 is slated to grow rapidly through 2025, witnessing a decent CAGR ...
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Yum China Launches Hong Kong Secondary Listing HONG KONG, Aug. 31, 2020 /PRNewswire/ -- Yum China Holdings, Inc. (the "Company" or "Yum China") (NYSE: YUMC), China's largest restaurant company in terms of 2019 system sales, today announced the launch of its Hong Kong public offering, which ...
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FSD Pharma Announces Phase 2 Clinical Trial IND Filing With The FDA to Treat Patients With COVID-19 TORONTO--(BUSINESS WIRE)--FSD Pharma Inc. (Nasdaq: HUGE) (CSE: HUGE.CN) ("FSD Pharma" or the "Company") today announced that it has submitted to the U.S. Food and Drug Administration ("FDA") an Investigational New Drug Application (IND) ...
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Indian rupee retreats from 6-month high on China border tensions By Swati Bhat. MUMBAI, Aug 31 (Reuters) - The Indian rupee retreated after hitting near six-month highs on Monday following reports of fresh border tensions with China. Indian forces foiled an attempt by Chinese troops to occupy a hill on the Asian giants' ...
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Nio's stock sinks on heavy volume after upsized ADS offering prices at discount Shares of Nio Inc. NIO, -6.94% sank 8.0% in very active premarket trading Monday, after the China-based electric vehicle maker announced the pricing of an upsized stock offering at a discount. Trading volume was 8.4 million shares, making the stock the ...
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Mitsubishi Motors executive behind Nissan alliance dies TOKYO (AP) — Former Mitsubishi Motors Chief Executive Osamu Masuko, who engineered the Japanese automaker's alliance with Nissan, has died. He was 71. Masuko was named a special adviser to the company when he resigned for health reasons as of ...
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Gasoline prices stable, but expected to fall as summer ends Gasoline prices have likely peaked and should begin to fall as demand wanes with the end of the peak summer driving season, according to fuel price tracking website GasBuddy. Prices were unchanged in Houston over the past week, despite the shutdowns ...
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Digital Realty Boosts Data Center Renewable Energy Supply in Dallas Digital Realty will soon be buying enough renewable energy in Texas to cover for most of the energy consumed by its extensive data center footprint in the state. The company last week announced new investments in Dallas: an agreement to purchase solar ...
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Tesla Autopilot detects speed limits and green lights Tesla cars in the US can now read speed limit signs and detect green lights, following a new software update. The vehicles' Autopilot system generates a speed limit warning on the dashboard display and sends a notification if the car is sitting still at a green ...
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UPDATE 1-CD&R to buy KKR's Epicor Software for $4.7 bln (Adds details on deal, background). Aug 31 (Reuters) - Private equity firm KKR & Co Inc will sell business software maker Epicor Software Corp to Clayton Dubilier & Rice in a $4.7 billion deal, the companies said on Monday. Companies such as Epicor that ...
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HVAC systems are next battleground in the COVID-19 fight Posted by John Ruch | Aug 31, 2020. HVAC systems are next battleground in the COVID-19 fight. As America ventures into pandemic reopenings, something new is in the air along with the now classic hygiene talk about hand-washing, social distancing and ...
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The Morning After: A Toyota-backed flying car completes piloted test-flight SkyDrive is yet another flying car startup, but one that has the backing of auto giant Toyota. That means we kinda have to pay attention. Fortunately, we did: SkyDrive finally achieved the first public crewed test flight for its flying car prototype, the SD-03. A pilot ...
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Italy Plunged Into Recession by Investment, Consumer Slump Italian companies slashed investment and consumers cut back on spending during the coronavirus lockdown in the second quarter, sending the economy into a record contraction. Figures from statistics office Istat showed household spending fell 11.3% in the ...
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New 16-story residential tower continues urban revitalization of Downtown's SoNo neighborhood The new apartment tower has a $55 million construction loan and forms a wave of investment planned for the area south of North Avenue. Dwell Design Studio LLC. By Douglas Sams – Commercial Real Estate Editor, Atlanta Business Chronicle. Aug 31 ...
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BSNL Launches Rs. 1499 Annual Plan With 24GB Total Data, Rs. 429 Plan Reintroduced BSNL is offering additional 30 days validity for first 90 days, enabling a total validity of 395 days on the Rs. 1,499 plan. By Tasneem Akolawala | Updated: 31 August 2020 17:00 IST. Share on Facebook Tweet Snapchat Share Reddit Email Comment.
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Catalent: Fiscal 4Q Earnings Snapshot SOMERSET, N.J. (AP) — Catalent Inc. (CTLT) on Monday reported fiscal fourth-quarter profit of $154.2 million. On a per-share basis, the Somerset, New Jersey-based company said it had net income of 85 cents. Earnings, adjusted for one-time gains and ...
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NMDC shares tank 8%, erase most gains made last week; should you buy, sell or hold? After gaining 12% during the previous week, the share price of NMDC tanked 8% on Monday to trade at Rs 99 per share. The mines ministry has sought comments from the stakeholders on these proposals till September 3. Related News. RIL shares jump ...
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Jio Fiber Plans Revamped, Now Start at Rs. 399; 30-Day Free Trial Introduced as Well Additionally, the telecoms giant has announced a new 'no-condition 30-day free trial' offer for new customers. The new Jio Fiber plans are priced starting just Rs. 399, and the company claims to offer truly unlimited Internet to all users; however, there is going to ...
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Govt takes tech route to solve MSMEs' skilled manpower issue; looks to nearly double Technology Centres Skill, Labour, Talent for MSMEs: The government has been looking to ramp up the number of centres from quite some time now even as Gadkari has targeted to boost MSMEs' contribution in GDP from around 30 per cent currently to 50 per cent and in exports ...
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Jack Ma's Ant IPO fuels frenzy not seen since dot.com bubble HONG KONG (BLOOMBERG) - Ant Group's potentially record-size initial public offering (IPO) could propel technology capital-raising this year past the dizzying heights of the dot.com bubble, an extraordinary showing in a pandemic-stricken year fraught with ...
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Biocon Biologics, partner Mylan launch insulin glargine in US NEW DELHI: Biocon Biologics India Ltd and its partner Mylan N.V. on Monday launched their insulin glargine injection under the brand Semglee in the US in vial and pre-filled pen presentations. Mylan, which is responsible for commercialisation in the US, ...
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Covid-19 impact: India June quarter GDP contracts a record 24% NEW DELHI: India's economy contracted by a record 23.9% in June quarter highlighting the extent of economic damage inflicted by the pandemic with July infrastructure data added to signs of a slowing recovery as Asia's third largest economy faces a surge ...
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Infosys' new H-1B denial rates highest among IT firms, Cognizant is close second India's second-largest IT major Infosys saw 59 percent of its H-1B petitions for new employees denied between October and March 2020 quarter compared to the same period five years ago, according to a report. Infosys' denial rate was only 2 percent in ...
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Sensex crashes by 839 points on geopolitical tensions, bank stocks hit badly Equity benchmark indices erased all morning gains and cracked by over 2 per cent on geopolitical concerns and ahead of the GDP first-quarter data. Reports said the Chinese troops 'carried out provocative military movements in eastern Ladakh to change ...
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YZJ Shipbuilding wins US$126m in new orders from SITC YANGZIJIANG Shipbuilding has entered into an agreement with Hong Kong container shipping firm SITC International Holdings for the building and delivery of a dozen 1,800 twenty-foot equivalent unit (TEU) containerships, it said on Monday. Out of the ...
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RBL Bank stock falls 9% after MD sells stake worth Rs 38 crore Shares of RBL Bank fell 9 percent today after MD & CEO Vishwavir Ahuja sold nearly 19 lakh shares of the lender. RBL Bank share slipped 8.97% intra day to Rs 191.70 against previous close of Rs 210.60 on BSE. Later, the share ended 6.93% lower at Rs ...
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Turkey's economy shrinks by 9.9 percent in the second quarter Click to read the article in Turkish. According to the Second Quarterly Gross Domestic Product (GDP) figures announced by the Turkish Statistical Institute (TurkStat) on its website today (August 31), Turkey's economy contracted by 9.9 percent in the ...
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Elbit Systems wins $79m US Bradley deal Israeli defense electronics company Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) announced today that its US subsidiary Elbit Systems of America has been awarded an Indefinite Delivery/Indefinite Quantity contract by the Defense Logistics Agency Land ...
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Sasol says hurricane did not cause flooding damage at Lake Charles Chemicals and energy group Sasol says early reports indicate Hurricane Laura has not resulted in flooding damage or damage to process equipment at its Lake Charles facility in the US, though high-speed winds have damaged cooling towers. The storm ...
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NZX website hit by fresh cyber attack The New Zealand stock market was hit by a fifth day of cyber attacks on Monday, crashing its website, but maintained trading after switching to a contingency plan for the release of market announcements. NZX was halted for most of last week due to the ...
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OK Lim and two children sued for USD 3.5billion; receiver appointed for 3 Xihe ships Founder of collapsed Hin Leong Trading (HLT) Lim Ooi Kuin and his two children who are also directors of the company are reportedly being sued by HLT's judicial managers PricewaterhouseCoopers Advisory Services for breaching fiduciary duties as ...
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ICICI Prudential Life Insurance launches AI-powered voice chatbot on Google Assistant ICICI Prudential Life Insurance has launched an AI-powered voice chatbot, LiGo, on Google Assistant as part of its customer service initiative. Get access to premium Portfolio content for 14 days. Start my free trial. "Expanding its innovation quotient by ...
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Strong peso helps keep inflation low, says BSP The peso's appreciation against the US dollar amid the economic woes brought about by the coronavirus is an indication that the Philippine economy is fundamentally sound, according to the central bank. More importantly, Bangko Sentral ng Pilipinas Gov.
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Amgen Announces Positive Data From Phase 3B Study Of Repatha® (Evolocumab) In Pediatric Patients With ... Published: Aug 29, 2020. First Phase 3 Trial Evaluating a PCSK9 Inhibitor When Added to Lipid-Lowering Therapy in Pediatric HeFH Population; Repatha Significantly Reduced LDL-C and Improved All Secondary Lipid Parameters. THOUSAND OAKS, Calif.
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