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Oil slumps 7 percent to one-year low as rout extends to 12 days

1 hour ago DieselGasoil Comments Off on Oil slumps 7 percent to one-year low as rout extends to 12 days
NEW YORK (Reuters) – Oil’s slide accelerated on Tuesday, with U.S. futures suffering their steepest one-day loss in more than three years due to ongoing worries about weakening global demand and oversupply. FILE PHOTO: A general view of the drilling platform, the first out of four oil platforms to be installed at Norway’s giant offshore Read More

Oil slumps 6 percent as rout runs to 12 days on supercharged selling

2 hours ago DieselGasoil Comments Off on Oil slumps 6 percent as rout runs to 12 days on supercharged selling
NEW YORK (Reuters) – Oil’s slide accelerated on Tuesday, with U.S. futures dropping to lows not seen in 11 months due to ongoing worries about weakening global demand, oversupply and selloffs across other asset classes, including equities. FILE PHOTO: A general view of the drilling platform, the first out of four oil platforms to be Read More

Stock market in serious downward spiral & for very good reason – investment guru Jim Cramer

7 hours ago DieselGasoil Comments Off on Stock market in serious downward spiral & for very good reason – investment guru Jim Cramer
The stock market is going through “a very serious correction,” which is underscored by several sound reasons for the market’s current downtrend, according to former hedge fund manager and financial author Jim Cramer. The comment comes after another major slump in stock prices of the biggest American corporations, including Facebook, Amazon, Netflix and Google parent Read More

Hedge funds resume attack on sterling as Brexit fears mount: McGeever

19 hours ago DieselGasoil Comments Off on Hedge funds resume attack on sterling as Brexit fears mount: McGeever
(The opinions expressed here are those of the author, a columnist for Reuters.) Pound Sterling notes and change are seen inside a cash resgister in a coffee shop in Manchester, Britain, September 21, 2018. REUTERS/Phil Noble/File Photo By Jamie McGeever LONDON (Reuters) – The likelihood of a hard Brexit, where the UK economy crashes out Read More

Veritas Capital, Elliott to buy Athenahealth for $5.7 billion

1 day ago DieselGasoil Comments Off on Veritas Capital, Elliott to buy Athenahealth for $5.7 billion
FILE PHOTO – Jeff Immelt delivers a speech during the opening of a new tower of the Global Operations Center in San Pedro Garza Garcia, neighbouring Monterrey, Mexico May 12, 2017. REUTERS/Daniel Becerril (Reuters) – Private equity firm Veritas Capital and hedge fund Elliott Management are buying AthenaHealth Inc (ATHN.O) for about $5.7 billion, the Read More

Citron's Left calls Tilray surge its 'worst day ever' in market

1 day ago DieselGasoil Comments Off on Citron's Left calls Tilray surge its 'worst day ever' in market
NEW YORK (Reuters) – Andrew Left, one of Wall Street’s most prominent short-sellers, said Tilray Inc gave his firm its “worst day ever in the market” two months ago when its shares almost doubled in one session, but he remains bearish on the Canadian cannabis company. Andrew Left, the founder of Citron Research, speaks during Read More

Citron's Left bearish on Canadian cannabis industry

1 day ago DieselGasoil Comments Off on Citron's Left bearish on Canadian cannabis industry
NEW YORK (Reuters) – Citron Research’s Andrew Left, one of the most prominent short-sellers on Wall Street, is bearish on Canadian cannabis producers such as Tilray Inc, despite big gains last week, as he expects them to be overtaken by U.S. rivals once recreational marijuana is legalized in the United States, he told the Reuters Read More

Citron's Left makes U-turn and now sees value in China

1 day ago DieselGasoil Comments Off on Citron's Left makes U-turn and now sees value in China
NEW YORK (Reuters) – Andrew Left, whose Citron Research has published critical reports on Chinese companies and profited when their shares dropped, is now making a contrarian call by going long on some. Andrew Left, the founder of Citron Research, speaks during the Reuters Global Investment 2019 Outlook Summit, in New York, U.S., November 12, Read More

Veritas Capital, Elliott clinch $5.5 billion acquisition of Athenahealth: sources

2 days ago DieselGasoil Comments Off on Veritas Capital, Elliott clinch $5.5 billion acquisition of Athenahealth: sources
Jeff Immelt delivers a speech during the opening of a new tower of the Global Operations Center in San Pedro Garza Garcia, neighbouring Monterrey, Mexico May 12, 2017. REUTERS/Daniel Becerril (Reuters) – Private equity firm Veritas Capital and hedge fund Elliott Management have agreed to acquire U.S. healthcare software maker AthenaHealth Inc (ATHN.O) for $5.5 Read More

Daniel Loeb's Third Point takes stake in American Express

4 days ago DieselGasoil Comments Off on Daniel Loeb's Third Point takes stake in American Express
(Reuters) – Activist investor Daniel Loeb’s Third Point LLC on Friday disclosed a new position in American Express Co (AXP.N), saying the market under-appreciates the strategic pivot of the company. The hedge fund said it sees the company’s shares trading above $135 over the next 18 months. The company’s stock was at $108.06 in afternoon Read More