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Category: Industries


Energy, Industries

Oil prices head for 3% weekly gain as OPEC panel meeting convenes amid Middle East upheaval

May 17, 2019

Via: Market Watch

Oil futures climbed Friday for a fourth straight session, taking both benchmarks to weekly gains of 3% or more, as any potential demand worries tied to stock-market volatility were offset by supply concerns linked to Middle East tensions. West Texas […]


Energy, Industries

The Occidental-Anadarko Petroleum Merger’s Crude Truth About Oil Prices

May 16, 2019

Via: Fortune

On the last Friday in April, Warren Buffett got a call from Brian Moynihan, the CEO of Bank of America, asking if he would back Occidental Petroleum’s underdog bid for rival oil driller Anadarko. Two days later, Occidental CEO Vicki […]


Enterprise, Finance Tech, Industries, Trading

Ford, GM shares jump as Trump plans to delay auto tariffs

May 15, 2019

Via: CNBC

Shares of Ford and General Motors jumped on Wednesday as President Donald Trump plans to delay auto tariffs for six months, people familiar with the situation told CNBC. Ford and GM shares both added about 1% after opening with declines […]


Industries, Retail & Wholesale

Macy’s same-store sales top expectations (M)

May 15, 2019

Via: Business Insider

Macy’s on Wednesday reported first-quarter results that topped Wall Street estimates, sending shares up 2.5% ahead of the opening bell. The retailer earned an adjusted $0.44 a share on revenue of $5.7 billion, beating the $0.32 and $5.5 billion that […]


Finance Tech, Industries, Manufacturing, Trading

Trump Wants You to Buy American. Here’s Why That’s Almost Impossible

May 14, 2019

Via: Time

For nearly a century, the St. Pierre Manufacturing Corporation has made products such as horseshoes, tire chains, and anchors in a facility near Worcester, Mass. But in recent months, St. Pierre has been struggling. Why? Increased tariffs on goods from […]


Enterprise, Industries

Ford shares jump after Bank of America upgrades the stock to buy

May 10, 2019

Via: CNBC

Ford shares rose Friday after Bank of America Merrill Lynch upgraded the equity to buy from neutral. The brokerage highlighted Ford’s favorable profit outlook, the result of what’s expected to be a strong utility vehicle and truck lineup over the […]


Energy, Industries

Chevron Drops Out of Bidding War With Occidental for Anadarko Petroleum

May 9, 2019

Via: Fortune

Chevron Corp. is abandoning its $33 billion offer for oil driller Anadarko Petroleum Corp., the culmination of a month-long bidding war in which Occidental Petroleum Corp. prevailed over a rival five times its size. The most ambitious foray of Chevron […]


Enterprise, Industries

Uber drivers strike ahead of impending IPO

May 8, 2019

Via: Market Watch

Ride-hailing drivers across the world went on strike on Wednesday, ahead of Uber Technologies Inc.’s UBER, +0.00% initial public offering, which is expected to price on Thursday. The drivers are protesting the large payouts that will go to Uber’s founders, […]


Energy, Uncategorized

Oil prices sink more than 2% as U.S.-China trade spat sparks demand concerns

May 7, 2019

Via: Market Watch

Crude-oil prices dropped on Tuesday amid lingering worries about a protracted trade conflict between the U.S. and China, which could hurt demand for the commodity. “Oil prices remain volatile, with concerns a trade war could have reduced demand battling for […]


Financial Services, Industries

Mastercard is acquiring Transactis to deepen its bill pay play (MA)

May 6, 2019

Via: Business Insider

Mastercard announced that it will acquire bill pay platform Transactis for an undisclosed amount. Transactis’ technology is used by bank and nonbank partners to enable businesses to streamline their bill collection digitally — including firms that typically don’t support digital bill pay, […]