January 23, 2019

Exclusive: Petrobras rejects latest EIG-backed bid for oilfields – sources

Petroleo Brasileiro SA has rejected the most recent bid by an EIG Global Energy Partners-backed firm to purchase a pair of shallow-water oil clusters, two sources […]
January 23, 2019

Elliott’s target Pernod names Lead Independent Director

Pernod Ricard , the family-backed French spirits group under pressure from activist investor Elliott, said on Wednesday it named business veteran Patricia Barbizet to the newly […]
January 23, 2019

General Electric to cut close to 470 jobs in France: unions

General Electric , which bought Alstom’s energy business in 2015, aims to slash close to 470 jobs across the division in France in the face of […]
January 23, 2019

S&P, Nasdaq dip as healthcare, financials weigh; IBM keeps Dow higher

The S&P 500 and the Nasdaq reversed course to dip slightly on Wednesday due to losses in healthcare and financial sectors, while the Dow stayed afloat […]
January 23, 2019

Strong earnings boost Dow at the open

Strong earnings from IBM, United Technologies and Procter & Gamble boosted the Dow Jones Industrial Average at the open on Wednesday and propelled a rebound in […]
January 23, 2019

Kerrisdale says Qualcomm’s stock could shrink by half: report

Activist investor Sahm Adrangi, who cemented his reputation with successful bets against Chinese internet companies, said that he has taken a short position against Qualcomm Inc […]
January 23, 2019

United Tech profit jumps on aerospace, tax boosts

United Technologies Corp beat analysts’ estimates for fourth-quarter profit on Wednesday, boosted by a lower tax rate and double-digit sales growth at its aerospace businesses, sending […]
January 23, 2019

Procter & Gamble raises forecast on strength of skin care, detergent brands

Procter & Gamble Co raised its full-year sales forecast and beat Wall Street estimates for quarterly revenue and profit on Wednesday, driven by price increases and […]
January 23, 2019

Russia says oil price war with U.S. would be too costly

Russia should not unleash an oil price war against the United States but rather stick with output cuts even at the cost of losing market share […]
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