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What Is TOTAL's (EPA:FP) P/E Ratio After Its Share Price Rocketed?
Those holding TOTAL (EPA:FP) shares must be pleased that the share price has rebounded 42% in the last thirty days… …read more […]
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Exclusive: Norwegian Cruise taps Goldman Sachs to explore stake sale – sources
Among the options Norwegian Cruise is considering is a stake sale known as private investment in public equity (PIPE), the sources said. The company is in talks with several private equity firms about a PIPE deal, the sources added. …read more […]
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Business News
Netflix adds $50 million to relief fund for production workers
Netflix Inc has increased the amount of money in its coronavirus emergency relief fund by $50 million, bringing the total for displaced production workers to $150 million, a company spokeswoman said on Friday.
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Got Guts? Get Tesla Stock at This High Valuation; This 5-Star Analyst Remains Sidelined
The past two weeks saw a reversal of fortune for Tesla (TSLA) shares. The stock has rallied 10 trading days in a row, and is up nearly 65%.There’s one reason why investors are particularly bullish on Tesla — success in Shanghai.Recent drone footage displays recent manufacturing capacity expansion at the firm’s new, highly anticipated Shanghai location. In addition, the plant will be producing and offering a longer-range/deluxe edition of its Model 3 strictly for Chinese customers. This redesigned version is already instilling hype among consumers and, according to Bloomberg, could be rolled out as early as this week. For the …read more […]
Business News
NY Fed markets head says ‘time is of the essence’ in establishing new lending facilities
The Federal Reserve responded rapidly to stem losses from a “synchronized global sell-off” to help markets function as investors fled to safety on worries about the coronavirus outbreak, a senior official at the New York Fed said on Friday.
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NY Fed’s markets head says bank is trying to match ‘speed and the scale’ of pandemic
The Federal Reserve is moving as quickly as possible to set up new emergency lending facilities to support credit markets and the economy, and its efforts are already helping to stabilize short-term funding markets, said Daleep Singh, head of the markets group at the New York Fed.
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Saudi Arabia Should Spend Like the Debtor It Is
(Bloomberg Opinion) — There’s a certain devil-may-care glamour about going on a shopping spree when you’re already living beyond your means. It’s probably not the best way to convince your creditors to keep putting up the cash, however. Saudi Arabia might want to reflect on that after its recent splurge on oil companies, cruise ships and soccer. In the past month, the kingdom’s sovereign wealth fund has bought or been linked to plans to buy an 8.2% stake in cruise operator Carnival Corp.; about 80% of Newcastle United Football Club; and holdings in Royal Dutch Shell Plc, Total SA, Eni …read more […]
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U.S. judge puts Amazon challenge to Pentagon JEDI contract on hold
A U.S. judge on Friday put on hold a suit by Amazon.com Inc challenging the Pentagon’s decision to award a $10 billion contract to Microsoft Corp .
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U.S. judge puts Amazon challenge to Pentagon JEDI contract on hold
A U.S. judge on Friday put on hold a suit by Amazon.com Inc challenging the Pentagon’s decision to award a $10 billion contract to Microsoft Corp . Judge Patricia E. Campbell-Smith granted the Pentagon’s request to halt further action on the lawsuit to allow the military to reconsider aspects of the decision being challenged by Amazon, originally considered to be the favorite to win the award. Known as Joint Enterprise Defense Infrastructure, or JEDI, the cloud computing contract is intended to give the militarybetter access to data and technology from remote locations. …read more […]
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Saudis Set to Sell 600,000 Barrels a Day of Oil to U.S. in April
(Bloomberg) — Saudi Arabia is set to sell about 600,000 barrels a day of crude to the U.S. in April, the highest volume in a year, according to a Saudi industry official familiar with allocations to American refiners.The shipments, agreed with refiners as Saudi Arabia ramped up production to a record 12.3 million barrels a day this month, come at a moment when U.S. demand is sharply down due to lockdowns to slow the Covid-19 pandemic. For May, state-run Saudi Arabian Oil Co. has said it will cut output to 8.5 million barrels a day as part of the OPEC+ …read more […]
Business News
Occidental shareholders get first say on Anadarko deal with vote on Berkshire financing
Occidental Petroleum shareholders next month will get their first say on the oil company’s troubled acquisition of Anadarko Petroleum when they vote on issuing shares and warrants to Berkshire Hathaway for helping finance the $38 billion deal.
Business News
Exclusive: Norwegian Cruise taps Goldman Sachs to explore stake sale – sources
Norwegian Cruise Line Holdings Ltd has hired investment bank Goldman Sachs Group Inc to explore financing options that could include the sale of a stake in the company, people familiar with the matter said on Friday.
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Exclusive: Norwegian Cruise taps Goldman Sachs to explore stake sale – sources
Among the options Norwegian Cruise is considering is a stake sale known as private investment in public equity (PIPE), the sources said. The company is in talks with several private equity firms about a PIPE deal, the sources added. Goldman Sachs declined to comment. …read more […]