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Occidental to pay dividend to Buffett's Berkshire in cash, not stock

Occidental Petroleum Corp said on Monday it will pay a $200 million quarterly dividend to Warren Buffett’s Berkshire Hathaway Inc in cash instead of common stock, even as the company tries to reduce debt following a plunge in oil prices. In a regulatory filing, Occidental said the payment on its perpetual preferred stock would be made on Oct. 15. Berkshire bought $10 billion of Occidental preferred stock in August 2019, helping fund the Houston-based company’s $35.7 billion acquisition of Anadarko Petroleum Corp. …read more […]

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Top 5 Best Apps for Trading Stocks

The best apps for trading stocks have a variety of tools and resources for all investors. There’s an app for anyone and everyone, no matter your experience level within the stock market.
Mobile investing applications have become extremely popular. And they’re attracting more younger investors than ever before.

Popular Apps for Trading Stocks
Mobile investing presents a wide range of benefits. It’s quick, easy and available to everyone for minimal fees. And in some cases, it’s commission-free with no fees at all.
These apps are consistently topping the Apple and Android charts as investing grows in popularity amongst young people. The time of delivery …read more […]

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Microsoft's Bethesda Buy Beats TikTok Any Day

(Bloomberg Opinion) — Ask enough gamers about their favorite console and this is what you’ll generally learn: Those who play Xbox tend to love it and stay loyal to that system, but PlayStation has the best games. Microsoft Corp., Xbox’s parent company, is betting $7.5 billion that it can change that perception.Microsoft agreed on Monday to acquire ZeniMax Media Inc., the owner of popular video-game publisher Bethesda Softworks, for $7.5 billion in cash. The deal has PlayStation fans worried that their favorite franchises — namely The Elder Scrolls, Fallout and Doom — could become Xbox exclusive. But the transaction is …read more […]

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Oracle Deal for U.S. TikTok in Doubt After Trump, China Remarks

(Bloomberg) — Doubts emerged Monday about Oracle Corp.’s deal to take over TikTok as President Donald Trump said he may still renege on his approval and the Chinese government signaled reluctance through state-owned media.Treasury Secretary Steven Mnuchin remains confident that Trump will sign off on the transaction, but U.S. national security officials continue to raise concerns that the data of more than 100 million American users would remain in the hands of a Chinese firm, according to four people familiar with the matter.U.S. officials are bracing for Trump to reject the deal if it becomes obvious that it doesn’t meet …read more […]

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3 Big Dividend Stocks Yielding Over 8%; Jefferies Says ‘Buy’

Bob Dylan sang, “There’s too much confusion, I can’t get no relief,” and that is a good way to describe the condition of the markets right now.Investors must interpret a range of conflicting signals. Macroeconomic data is rising – unemployment is falling, consumer confidence and spending are up – and indications are, the economy is recovering quickly from the sharp recession we experienced earlier this year. That goes hand-in-hand with a perception that COVID-19 is beginning to face back, and there are signs that another lockdown may be coming. Will there be a national policy? Or will we see a …read more […]

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Occidental to Pay Buffett Dividend in Cash, Signaling Confidence

(Bloomberg) — Occidental Petroleum Corp. will pay about $200 million in dividends on preferred shares to Warren Buffett’s Berkshire Hathaway Inc. in cash rather than common stock, a sign of the shale driller’s growing confidence in its ability to manage its debt load.The $2,000-per-share payout on Occidental’s series A cumulative perpetual preferred stock will be paid on Oct. 15, the company said in a filing on Monday.Occidental had been making the payments with stock since April to conserve cash as it sought to fend off crude’s worst price-collapse in a generation after borrowing massively to buy Anadarko Petroleum Corp. last …read more […]