Coverage: Exxon makes $2.2B offer for InterOil
Exxon Mobil Corp. offered a $2.2 billion bid for InterOil Corp., higher than the one made in may by Oil Search Ltd., on Sunday to acquire the owner of large natural gas reserves in Papua New Guinea. Dan Murtaugh of Bloomberg News has the news: Exxon is offering a fixed price of $45 per each InterOil share, Oil Search said […]
Talking Biz News Today — July 18, 2016
Some of Monday’s top business news stories: Associated Press Washington state invalidates common mortgage provision, by Gene Johnson Olympics marketers go for the gold, by Mae Anderson Bloomberg The housing market is waving a red flag, by Michelle Jamrisko Oil must go to $40 and stay there to buy Russia reforms at last, by Anna Andrianova […]
Coverage: Bayer boosts bid for Monsanto
German drug and chemical company Bayer AG upped its offer for American seed company Monsanto to $64 billion, putting pressure on the target to consider the deal. Greg Roumeliotis and Karl Plume of Reuters had the news: Analysts and some Monsanto shareholders were quick to opine that Bayer’s latest offer, the largest all-cash takeover bid on record, was unlikely […]
Talking Biz News Today — July 15, 2016
Some of Friday’s top business news stories: Associated Press United to pay $2.25M fine, won’t be charged in flight case, by David Koenig U.S. stocks rise for fifth day on solid earnings report, by Bernard Condon Bloomberg Two more Fed officials play down Brexit impact on U.S. growth, by Matthew Boesler and Christopher Condon Bayer keeps […]
Coverage: Oil prices drop as inventories hit record
U.S. oil prices dropped to a two-month low Wednesday after federal data showed U.S. inventories of crude oil and refined products at a record high. Nicole Friedman of Dow Jones Newswires had the news: U.S. oil prices have hovered between $45 and $50 a barrel in recent weeks as traders weigh ample stockpiles against expectations that […]
Talking Biz News Today — July 14, 2016
Some of Thursday’s top business news stories: Associated Press Court ruling opens GM to billions in death, injury claims, by Tom Krisher Fed survey finds modest growth across most of the U.S., by Paul Wiseman Bloomberg Musk touting new Tesla master plan puts focus on the future, by Dana Hull Game-maker Valve moves to choke […]
Coverage: Forget Brexit, market is setting all-time records
Both the Dow Jones Industrial Average and the S&P 500 set new all-time highs on Tuesday, while the Nasdaq turned positive for the year, as investors put aside any concerns they might have of Great Britain leaving the European Union. Akane Otani and Christopher Whittall of The Wall Street Journal had the news: The rebound […]
Talking Biz News Today — July 13, 2016
Some of Wednesday’s top business news stories: Associated Press New data sharing rules for EU and U.S. adopted, by Pan Pylas and John-Thor Dahlburg Christmas in July? Amazon’s “Prime Day” is back, by Mae Anderson Bloomberg The world’s most powerful stock pickers don’t manage a penny, by Andrea Tan Hyperloop sued by co-founder over claims […]
Coverage: Pokeman Go craze drives Nintendo stock price
Nintendo Co. Ltd.’s shares soared again on Monday, bringing market-value gains to $7.5 billion in just two days as investors cheered the runaway success of Pokemon Go, its long-awaited venture in mobile gaming. Takashi Mochizuki and Sarah Needleman of The Wall Street Journal have the news: “Pokémon Go,” which was released less than a week ago, […]
Talking Biz News Today — July 12, 2016
Some of Tuesday’s top business news stories: Associated Press A bull market record that doesn’t feel like it, by Bernard Condon Tesla says it hasn’t ben informed of SEC investigation, by Dee-Ann Durbin Bloomberg Seagate expands job cuts to 6,500 as PC-component market suffers, by Ian King NBC expects 15 percent increase in ad sales […]
