Albertsons CEO Vivek Sankaran joins Yahoo Finance’s On The Move to weigh in on the company going public and discuss the latest food trends amid the COVID-19 pandemic. …read more […]
(Bloomberg) — Occidental Petroleum Corp. has garnered around $3 billion of orders for its inaugural high-yield bond sale, according to people with knowledge of the matter.Pricing discussions on the company’s planned three-part unsecured offering include a five-year bond with a yield of 7.75% to 8%. A seven-year note may yield between 8.25% and 8.5%, while a 10-year security may yield 8.75% to 8.875%, according to other people, who asked not to be named because the discussions are private.Citigroup Inc. is leading the deal, and the debt may be sold as soon as Friday. Representatives for Citigroup and Occidental declined to …read more […]
(Bloomberg) — Bill Foley’s Cannae Holdings Inc. and Senator Investment Group LP made a $7 billion takeover offer for CoreLogic Inc., saying they can “reignite growth” at the real estate data company and increase its operating efficiency.Cannae and Senator sent CoreLogic’s board a letter Friday outlining a proposal to acquire the Irvine, California-based company for $65 a share in cash, they said in a statement. The bid values CoreLogic’s equity at about $5.2 billion, and represents a 23% premium over its closing price on Thursday. Including debt, the offer is worth about $7 billion, according to the letter.CoreLogic climbed as …read more […]
(Bloomberg) — When news broke last month that Amazon.com Inc. was interested in buying Zoox Inc., observers assumed the e-commerce giant was looking to automate its delivery fleet. After all, Amazon already invested in an electric truck maker and is a major buyer of everything from planes to diesel vehicles.But in a statement on Friday confirming its acquisition of the autonomous vehicle startup, Amazon touted Zoox for its ride-hailing ambitions. Ride hailing? Amazon?“You say, does it make sense?” said Mike Ramsey, a Gartner vice president who tracks the auto industry. “Well, does it make sense that the package delivery company …read more […]
A key step in the return to service of the grounded Boeing 737 MAX could take place as soon as early next week, two people briefed on the matter said on Friday. Boeing Co’s best-selling plane has been grounded since March 2019 after two fatal crashes killed 346 people. A certification flight test, which is expected to last at least two days, is likely to take place starting as early as Tuesday but has not been finalized. …read more […]
Investors demand for stimulus, hints one Wall Street insider. …read more […]
After heeding the lessons from 2008-2009, leaders of the financial sector were equipped to step in as needed during the current crisis. As economies continue to lift restrictions and recover from one of the steepest declines on record, it’s time to analyze the lessons to be learned and identify needed change. The next crisis–be it climate change, the inequality gap, or retirement systems–is undoubtedly in the making. As we prepare to meet it, we must address crucial questions: Will we be able to transform a system that many believe does not work for them anymore and build a more equitable …read more […]
Yahoo Finance’s Ines Ferre breaks down what you should know about Albertsons’ public debut on the New York Stock Exchange. …read more […]
If you are looking for the best ideas for your portfolio you may want to consider some of Tao Value’s top stock picks. Tao Value, an investment management firm, is bullish on Alphabet Inc. (NASDAQ:GOOG) stock. In its Q4 2019 investor letter – you can download a copy here – the firm discussed its investment […] …read more […]
For the first time in five months, Delta Air Lines will resume its flights to China. Yahoo Finance’s Ines Ferre joins The First Trade to discuss. …read more […]
Yahoo Finance’s Alexis Christoforous and Brian Sozzi break down today’s market action with Dennis DeBusschere, Evercore ISISenior Managing Director. …read more […]
The announcement comes before a meeting between the chief executives of major U.S. airlines, including American, and senior U.S. officials, including Vice President Mike Pence, at the White House to discuss several virus-related travel issues. U.S. airlines are bleeding cash as travel suffers in the pandemic and have warned that capping the seats they sell on each flight to allow for more space between passengers is not something they can do forever. American was previously limiting its seating capacity at 85% on each flight, or roughly 50% of the main cabin middle seats. …read more […]
(Bloomberg) — Deutsche Bank AG’s top accounting executive, Andreas Loetscher, and two ex-colleagues at his former firm Ernst & Young were targeted in a criminal complaint by a German retail investor association for their alleged role in the accounting scandal at Wirecard AG.The SdK association filed the claim against two unnnamed current partners of EY — which also audits Deutsche Bank’s accounts — and one former partner because of “the events around Wirecard,” according to a statement on Friday. That ex-partner is Loetscher, a person familiar with the matter said.Loetscher, a two-decade veteran at the accounting firm, oversaw the Wirecard …read more […]
Yahoo Finance’s Alexis Christoforous, Brian Sozzi, and Brian Cheung discuss the Federal Reserve’s stress test results. …read more […]
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