U.S. stock index futures followed Asian and European markets lower on Tuesday as worries about the fallout from a deadly virus outbreak in China and a gloomy growth outlook from the IMF looked set to stall a record rally on Wall Street.
(Bloomberg) — McDermott International Inc. will file for bankruptcy after the engineering and construction company reached an agreement with creditors to tackle debt acquired through a botched acquisition.The Houston-based company said that it has the support of two-thirds of the holders of its funded debt in a pact that will eliminate more than $4.6 billion of debt by swapping it for equity, according to a statement. McDermott also agreed to sell its Lummus Technology unit for at least $2.725 billion to a joint partnership between the Chatterjee Group and Rhône Group, it said. The company plans to file for Chapter …read more […]
U.S. stock index futures followed Asian and European markets lower on Tuesday as worries about the fallout from a deadly virus outbreak in China and a gloomy growth outlook from the IMF looked set to stall a record rally on Wall Street. Travel stocks including Delta Air Lines Inc, United Airlines Holdings Inc and American Airlines Group Inc fell over 2% in premarket trading. Hotel and casino operators Las Vegas Sands Corp and Wynn Resorts Ltd, both of which have large operations in China, dropped about 5%. …read more […]
Long term investing is the way to go, but that doesn’t mean you should hold every stock forever. We don’t wish… …read more […]
Air France-KLM said on Tuesday it had previously held talks with the owners of Malaysia Airlines but was not engaged in current efforts to find new investors for the carrier.
President Donald J. Trump is addressing the World Economic Forum in Davos, Switzerland on Tuesday, as the U.S. Senate begins its historic impeachment trial of the 45th president. …read more […]
Uber has sold its loss-making online food-ordering business in India to local rival Zomato in exchange for a 9.99% stake in the startup backed by China’s Ant Financial.
Halliburton Co beat analysts’ estimates for quarterly profit on Tuesday, as higher drilling activity in international markets helped the oilfield services provider blunt a hit from slowing North America that led to a charge of $2.2 billion.
Boeing plans to carry out the first test flight of its delayed 777X airplane later this week, said two people familiar with the matter on Tuesday.
Boeing plans to carry out the first test flight of its delayed 777X airplane later this week, said two people familiar with the matter on Tuesday. A source close to one of the wide-body jet’s nine firm customers said the flight would take place on Thursday or Friday at Boeing’s commercial base outside Seattle, depending on weather. Boeing could not immediately be reached for comment. …read more […]
(Bloomberg) — Sign up here to receive the Davos Diary, a special daily newsletter that will run from Jan. 20-24.The world’s rich and powerful are in Davos, Switzerland, for the World Economic Forum’s 50th annual meeting, and the gathering will be closely watched to see how the global elite aims to tackle issues they helped create, above all climate change.President Donald Trump’s appearance, which comes on the same day his impeachment trial starts in Washington, began with him calling the trial a “hoax” and “disgraceful.” In his speech, he lauded his economic achievements and said the U.S. is “thriving” and …read more […]
Halliburton Co swung to a loss in the fourth-quarter as it took a charge of $2.2 billion on its fracking business due to falling demand from oil and gas producers in North America, its largest market.
Apple Inc dropped plans to let iPhone users fully encrypt backups of their devices in the company’s iCloud service after the FBI complained that the move would harm investigations, six sources familiar with the matter told Reuters.
Boeing plans to carry out the first test flight of its delayed 777X airplane later this week, said two people familiar with the matter on Tuesday. A source close to one of the wide-body jet’s nine firm customers said the flight would take place on Thursday or Friday at Boeing’s commercial base outside Seattle, depending on weather. Boeing could not immediately be reached for comment. …read more […]
LONDON/BAGHDAD (Reuters) – BP has pulled out of Iraq’s giant Kirkuk oilfield after its $100 million exploration contract expired with no agreement on the field’s expansion, dealing a fresh blow to Iraq’s hopes to increase its oil output, three sources told Reuters. The move comes as Western energy companies reassess their operations in Iraq amid political turmoil following months of anti-government protests and a flare-up in tensions between the United States and Iran in the country. A senior source at Iraq’s North Oil Company (NOC), which overseas the Kirkuk operations, confirmed BP’s withdrawal. …read more […]
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