The We Company, owner of WeWork, said on Wednesday net losses in the third quarter widened to $1.25 billion from $497 million a year earlier as its money-losing shared-office business doubled in size with a record number of desks added to its network.
A bipartisan group of U.S. Representatives asked officials at the Energy Department on Wednesday how Centrus Energy Corp , a company whose chief recently served as deputy at the department, won a federal contract to demonstrate a production method for a new nuclear power plant fuel.
Occidental Petroleum Corp is stepping up its oil and gas-producing property sales, adding land in Utah’s Uinta Basin acquired as part of its $38 billion deal for Anadarko Petroleum, according to a marketing document seen by Reuters.
NEW YORK, Nov. 14, 2019 — Hoth Therapeutics, Inc. (NASDAQ: HOTH) (“HOTH” or the “Company”), a biopharmaceutical company focused on developing new generation therapies for dermatological disorders such as atopic dermatitis, chronic wounds, psoriasis and acne, […]
Retail behemoth Walmart and chip giant Nvidia’s earnings reports will be closely monitored by investors Thursday. …read more […]
(Bloomberg) — For California Governor Gavin Newsom, sitting back and watching PG&E Corp.’s bankruptcy run its course is no longer an option.The mayors of 22 cities are pressing him to turn the embattled power giant into a customer-owned cooperative. San Francisco, the city he once served as mayor, wants to take over the company’s local poles and wires. And on Wednesday, a board member of a statewide consumer group sent Newsom a proposal that would have the state run PG&E like a massive municipal utility.The proposals reflect a groundswell of anger against PG&E following years of deadly wildfires sparked by …read more […]
Q3 2019 Vivus Inc Earnings Call …read more […]
Q3 2019 Vanda Pharmaceuticals Inc Earnings Call …read more […]
Oilfield services firm ProPetro Holding Corp on Wednesday said a board investigation had uncovered material weaknesses in its financial controls and an undisclosed related-party transaction with its former chief accountant. The Midland, Texas-based company also confirmed Reuters’ report last month that the U.S. Securities and Exchange Commission had opened an investigation in its financial disclosures and reporting. ProPetro provided the first snapshot of its business since disclosing the departure of its chief accounting officer and the demotion of two top officials amid an internal investigation into its financial accounting and disclosures. …read more […]
Global equity markets and government bond yields fell on Wednesday on growing doubts that a U.S.-China trade deal can be reached soon and fears that unrest in Hong Kong may lead to a Chinese crackdown. The day after U.S. President Donald Trump warned Washington would raise tariffs on Chinese goods “very substantially” without a deal, trade uncertainty pushed investors to park funds in safe havens. A measure of emerging market currencies and an index of emerging market equities both registered their largest single-day declines in almost three months. …read more […]
Peloton Interactive Inc is exploring apps for Amazon.com Inc’s Fire TV and Apple Inc’s Watch, Bloomberg reported on Wednesday, citing people familiar with the matter.
Cisco Systems Inc on Wednesday forecast second-quarter revenue and profit below estimates as the network gear maker struggles to shift to a software-focused company from its business of selling routers and switches, sending shares down 4%.
The Dow Jones Industrial Average and the S&P 500 posted record closing highs on Wednesday helped by a big jump in Walt Disney shares, but the Nasdaq fell as stocks were kept in check by fresh uncertainty over U.S.-China trade relations.
Technology conglomerate Cisco is plunging in after hours trade, following the release of its first-quarter results. Yahoo Finance’s Emily McCormick joins The Final Round to break down the numbers. …read more […]
When I decided to write about EnLink Midstream (NYSE: ENLC) and its 20% yield, I remarked sarcastically to our Director of Research, “I’m sure it will be a safe yield.”
Twenty percent yields almost never are.
I won’t go so far as to say that EnLink’s yield is safe – it’s not. But it does stand a real chance of receiving an upgrade next year.
EnLink has raised the distribution 19 times since 2011, though often just by a fraction of a penny. Still, the distribution is 3 1/2 times higher than it was eight years ago.
That being said, EnLink lowered the distribution …read more […]
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