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Business News

Saudi Aramco prices shares at top of range in world's biggest IPO: sources

DUBAI/RIYADH Reuters) – State-owned oil giant Saudi Aramco has priced its initial public offering (IPO) at the top of its indicative range, three sources told Reuters, raising $25.6 billion and overtaking China’s Alibaba to achieve the world’s biggest stock market flotation.

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Trading Ideas

3 Under-The-Radar Dividend Stocks with over 9% Dividend Yield

Reading the news about the stock markets, it pays to remember that the giant corporations – the Apples and the Microsofts, the Walmarts and the Home Depots – have a habit of taking up all the available oxygen in the room. That is, they hog the headlines, and can obscure a view of the larger picture.That larger picture, examined with an eye for the unusual, can reveal some excellent stock deals. There are plenty of bargain deals in the equity markets, and they offer plenty of reasons for investors to look twice. We’ve used the TipRanks Stock Screener tool to …read more […]

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BREAKING: United Promotes Scott Kirby to CEO, Munoz Becomes Executive Chairman

United Airlines is reshuffling its executive team with Scott Kirby being promoted to CEO in a long-expected move, and Oscar Munoz shifting to executive chairman of the airline group’s board. The change will take place in May 2020 when United’s current chairman, Jane Garvey, will retire from the board. Munoz will serve as executive chairman […] …read more […]

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UPDATE 1-Kinder Morgan expects earnings to decline in 2020

Pipeline operator Kinder Morgan Inc on Thursday forecast a drop in core earnings next year, as growth from expansion projects would likely be offset by higher spending and lower contract rates on some of its gas and oil pipelines. Kinder Morgan would generate $5.1 billion of distributable cash flow in 2020, which is nearly 3% higher than the current forecast for 2019. It also said it would increase its dividend per common share in 2020 to $1.25 per share, while spending $2.4 billion on expansion projects and joint ventures next year. …read more […]