(Bloomberg) — TC Energy Corp. agreed to sell a 40% stake in two U.S. gas pipeline systems for $3.9 billion (C$5.2 billion) in cash, a deal that will see the Canadian company reach its debt reduction target ahead of schedule. Bloomberg’s Most Read The transaction with private equity firm Global Infrastructure Partners will place the … Read more
Chevron (CVX) surprised markets on Sunday, releasing second-quarter numbers ahead of schedule and announcing that the oil giant’s chief financial officer would step down in 2024. CVX rose early on Monday. X Chevron beat Wall Street earnings estimates even as earnings fell nearly 50%. The US oil major also announced that it had scrapped the … Read more
Dow Jones futures rose slightly on Monday morning – along with S&P 500 and Nasdaq futures – ahead of a Federal Reserve meeting, along with a huge wave of earnings led by Microsoft (MSFT), parent company of Google Alphabet (Google T Metaplatforms (META) X Electric Vehicle Titan You’re here (TSLA) was downgraded on Monday as … Read more
Text size Bitcoin has struggled to decisively break above $30,000 in recent months. Photo by OZAN KOSE/AFP via Getty Images The price of Bitcoin and other cryptocurrencies was down on Monday as traders anticipated the Federal Reserve’s monetary policy decision this week. The global launch of a new cryptocurrency co-founded by OpenAI CEO Sam Altman … Read more
(Reuters) – Johnson & Johnson said on Monday it has launched an exchange offer under which its shareholders can opt for shares of Kenvue, its newly listed consumer healthcare unit. J&J, which currently has an 89.6% stake in Kenvue, said it intended to spin off at least 80.1% of the consumer healthcare company’s shares as … Read more
Text size Bitcoin has struggled to decisively break above $30,000 in recent months. (Photo by OZAN KOSE/AFP via Getty Images) The price of Bitcoin and other cryptocurrencies was down on Monday as traders anticipated the Federal Reserve’s monetary policy decision this week. The global launch of a new cryptocurrency co-founded by OpenAI CEO Sam Altman … Read more
Winners are winners for a reason, something I was reminded of a number of times this summer. The winner in the spotlight today: Microsoft. I remembered Microsoft’s winning ways during a phone conversation with IBM’s top CFO, Jim Kavanaugh. During our brief time together, I asked Jim why his company’s stock traded at a forward … Read more
Text size AMC has filed a revised stock conversion settlement plan. The time of dreams Equity futures rose slightly on Monday ahead of a week filled with interest rate decisions from the Federal Reserve and the European Central Bank, and earnings from more than 150 companies around the world. S&P 500, including tech giants Microsoft … Read more
(Bloomberg) – AMC Entertainment Holdings Inc. has revised a proposed stock conversion after a surprise court ruling scuttled an earlier version of the plan and sent shares of the movie theater chain skyrocketing. Bloomberg’s Most Read The company and investors leading the lawsuit filed a new version of the nine-figure settlement over the weekend with … Read more
(Rewritten throughout, adds letter details in paragraph 7) July 23 (Reuters) – AMC Entertainment CEO Adam Aron said on Sunday the company had filed a revised motion for a stock conversion plan to address Delaware court concerns about other shareholders. AMC had proposed a plan for it to convert preferred stock into common stock and … Read more