McDermott is discussing a restructuring plan in which its debt could be converted into equity, with its group of lenders getting the majority of the shares, the report said. Unsecured creditors would receive less than 10% of the equity along with warrants, according to one of the people cited in the Bloomberg report. …read more […]
It’s a mixed start to the day. A Bitcoin move through to $9,000 would spur a rally… …read more […]
The better-than-expected economic data demonstrated the resilience of the U.S. consumer in keeping the current economic expansion alive, and the solid corporate earnings from U.S. banks points toward the importance of the Fed holding interest rates at favorable price levels. …read more […]
(Bloomberg Opinion) — Investors keep flocking to private equity in Asia even though returns are declining. They should take heed: Payouts are likely to get worse from here, rather than better.The hunt for yield in a low-interest world has spurred institutional investors from China Investment Corp. to Japan’s Government Pension Investment Fund to join the rush into the alternative asset class. Private equity firms founded by veterans of Warburg Pincus and KKR & Co. are seeking to raise at least $4.5 billion for new funds in China, Cathy Chan of Bloomberg news reported Thursday, in the latest sign of the …read more […]
At two of them, the shares were sold in recent secondary offerings. Conventional wisdom says that insiders and 10% owners really only buy shares of a company for one reason — they believe the stock price will rise and they want to profit. The following are a few of significant insider purchases reported last week, all small-cap biotechs. …read more […]
China’s legion of electric vehicle manufacturers are looking to seize a piece of the global EV market which could potentially lead to a new front in the ongoing trade war …read more […]
Benzinga has examined the prospects for many investor favorite stocks over the past week. Bullish calls included a software leader and a discount airline. Bearish calls included an electric vehicle giant … …read more […]
This weekend’s Barron’s cover story explains why Dow 30,000 is just the start. Other featured articles offer a close look at stock picks from some Barron’s Roundtable panelists. Also, the prospects for … …read more […]
The stock market is continuing its decade-long bull run, with all three of the major indices ending Friday’s trading session at record closes. So why are some potential investors staying on the sidelines? …read more […]
German cabin crew union UFO said on Saturday it was planning further strikes at Lufthansa to increase pressure on management after talks with Germany’s largest airline and two potential mediators did not yield any results.
Around 250 Germans on Saturday protested in the outskirts of Berlin where electric car startup Tesla is planning to build a gigafactory, saying its construction will endanger water supply and wildlife in the area.
Around 250 Germans on Saturday protested in the outskirts of Berlin where electric car startup Tesla is planning to build a gigafactory, saying its construction will endanger water supply and wildlife in the area. The U.S. carmaker announced plans last November to build its first European car factory in Gruenheide, in the eastern state of Brandenburg. Politicians, unions and industry groups have welcomed the move, saying it will bring jobs to the region, but environmental concerns drove hundreds of locals to the streets on Saturday. …read more […]
Oilfield services provider McDermott International Inc is preparing to file for bankruptcy as soon as next week, Bloomberg reported on Friday, citing people with knowledge of the matter. McDermott is discussing a restructuring plan in which its debt could be converted into equity, with its group of lenders getting the majority of the shares, the report said. Unsecured creditors would receive less than 10% of the equity along with warrants, according to one of the people cited in the Bloomberg report. …read more […]
Guyana has been the offshore success story of 2019, and Suriname could be the story of 2020 after Apache and Total made a significant discovery of both oil and condensate off its coast …read more […]
The U.S. Treasury Department on Saturday granted permission for Chevron Corp, the last major U.S. oil company operating in Venezuela, to continue working in the country until April 22. The United States last year imposed sanctions that barred imports of Venezuelan oil and transactions made in U.S. dollars with Venezuela’s state-run oil company PDVSA. The move was designed to starve the country of oil dollars and oust President Nicolas Maduro. …read more […]
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
