Trading Ideas
Ferrellgas (FGP) Acquires Diamond Propane, Expands Operations
Ferrellgas (FGP) expects the recently-acquired Diamond Propane to be accretive to earnings and enable business expansion in northern New York. …read more […]
Month: July 2018
Business News
Goldman sees 60 percent chance of more U.S. tariffs on China
Goldman Sachs economists said on Friday they placed a 60 percent chance the Trump administration would impose duties on an additional $200 billion worth of Chinese imports that were recently targeted.
Business News
U.S. import prices drop the most in over two years
U.S. import prices fell the most in more than two years in June as prices for petroleum products fell and a strong dollar weighed on the costs of other goods, pointing to benign import inflation pressures.
Business News
U.S. sanctions seen barring IT platform of insurer Lloyd’s for Iran trade
New U.S. sanctions are likely to prevent the use of a Lloyd’s of London IT platform for any Iran insurance, adding to difficulties for European insurers providing cover for the country.
Trading Ideas
Chevron to Exit Indonesian Block, Gets Steel Tariff Waivers
The present contract for the Makassar Strait block is set to expire in 2020 and Chevron (CVX) has decided to withdraw its extension proposal. …read more […]
Business News
Citigroup profit beats on consumer banking strength
Citigroup Inc’s quarterly profit topped Wall Street estimates on Friday, helped by strength in its consumer banking business in Mexico, North America and Asia.
Trading Ideas
Defense Stocks Jump on Trump's NATO Success: 5 Top Picks
Trump claims victory in convincing European allies to raise defense spending, giving defense stocks a big boost on Thursday. …read more […]
Business News
U.S. import prices post biggest drop in two years
U.S. import prices recorded their biggest drop in more than two years in June as prices for petroleum products fell and a strong dollar weighed on the costs of other goods.
Business News
Air France-KLM chairman blames Accor over CEO search delay
Anne-Marie Couderc, the interim chairman of Air France KLM , has blamed AccorHotels for complicating and delaying the airline’s search for a new chief executive, according to an internal memo seen by Reuters.
Business News
Thyssenkrupp names finance chief Kerkhoff as interim CEO
Chief Financial Officer Guido Kerkhoff was named interim CEO of Thyssenkrupp on Friday and won the backing of the German industrial group’s biggest shareholder, as the search began for a permanent replacement for Heinrich Hiesinger.
Business News
Bosch must hand over e-mails in VW emissions suit: court
Supplier Robert Bosch [ROBG.UL] must hand over e-mails in connection with lawsuits brought by investors against Porsche SE in connection with the Volkswagen (VW) diesel scandal, a Stuttgart regional court ruled on Friday.
Business News
AT&T shares skid as Justice Department says to appeal Time Warner case
Shares of AT&T Inc fell 1.8 percent in trading before the bell on Friday after the U.S. Justice Department said it would appeal a federal judge’s approval of the telecommunication network’s acquisition of Time Warner.
Business News
Wells Fargo profit falls 12 percent
Wells Fargo & Co on Friday posted a 12 percent decline in second-quarter profit, as loans fell and expenses rose.
Business News
JPMorgan profit beats on better-than-expected trading, loan growth
JPMorgan Chase & Co’s quarterly profit topped Wall Street’s expectations on Friday, as trading revenue came in much higher than expected and demand for loans increased on the back of a strengthening U.S. economy.
Business News
British regulator sets 14 pound floor under Sky shares
Britain’s takeover regulator has decided that Disney must offer 14 pounds a share for Sky if it succeeds in buying Rupert Murdoch’s Twenty-First Century Fox , in a key ruling in the takeover battle for the broadcaster.