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China Southern Airlines to receive $4 billion capital injection

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FILE PHOTO: The company logo of China Southern Airlines is displayed at a news conference in Hong Kong, China March 27, 2018. REUTERS/Bobby Yip SHANGHAI (Reuters) – China Southern Airlines (600029.SS) will carry out an equity diversification plan that will involve the injection of 30 billion yuan ($4.36 billion) of capital from three investors, the Read More

Judge rules against hedge funds that challenged 2016 Jarden deal

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WILMINGTON, Del. (Reuters) – A Delaware judge ruled against hedge funds on Friday that tried to get more cash out of Newell Brands Inc’s (NWL.O) 2016 acquisition of consumer goods company Jarden Corp, the latest setback for a once-popular investment strategy known as appraisal. Vice Chancellor Joseph Slights of the Court of Chancery found that Read More

Wall Street falls as Fed signals smaller rate cut

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NEW YORK (Reuters) – Wall Street’s main indexes fell on Friday following a report that the Federal Reserve plans to cut interest rates by only a quarter-percentage point at the end of the month. Traders walk on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 16, 2019. REUTERS/Brendan McDermid Read More

Shale boom architect Mark Papa named new Schlumberger chairman

2 days ago DieselGasoil Comments Off on Shale boom architect Mark Papa named new Schlumberger chairman
7/19/2019 HOUSTON – Schlumberger is tapping as its chairman an executive who earned a reputation for building shale producers that bypass oil service companies. Mark Papa, 72, who will take over as chairman of the world’s biggest oilfield service provider next month, helped give birth to the U.S. shale boom a decade ago by building Read More

Global stocks up on Fed rate cut hopes, Microsoft results; dollar bounces

2 days ago DieselGasoil Comments Off on Global stocks up on Fed rate cut hopes, Microsoft results; dollar bounces
NEW YORK (Reuters) – A gauge of global stocks climbed on Friday as investors looked for a strongly dovish U.S. Federal Reserve at its next meeting and as early returns on earnings season have come in better than anticipated. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., Read More

WaveTech Global Announces Filing of Lawsuit Against Wavetech GmbH in its merger with Spectrum Global Solutions, Inc.

2 days ago DieselGasoil Comments Off on WaveTech Global Announces Filing of Lawsuit Against Wavetech GmbH in its merger with Spectrum Global Solutions, Inc.
HOBOKEN, N.J., July 19, 2019 (GLOBE NEWSWIRE) — WaveTech Global, Inc., a global next generation technology platform company that specializes in power management and efficiency, asset lifecycle extension, data-analytics, and intellectual property development, and its majority shareholder BV Advisory Partners, LLC announced today the filing of a lawsuit in the United States District Court for Read More

Wall St. slightly higher on Microsoft results, rate cut hopes

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(Reuters) – Wall Street’s main indexes edged higher on Friday after solid results from technology giant Microsoft added to an upbeat mood following hints from a top Federal Reserve official that a U.S. interest rate cut could be imminent. Traders walk on the floor of the New York Stock Exchange (NYSE) in New York, U.S., Read More

Wall St. rises on Microsoft’s beat, rate cut euphoria

2 days ago DieselGasoil Comments Off on Wall St. rises on Microsoft’s beat, rate cut euphoria
(Reuters) – U.S. stock indexes advanced on Friday as solid results from Microsoft lifted technology stocks and added to an upbeat mood following signs from New York Fed President John Williams that the central bank would lower interest rates this month. Traders walk on the floor of the New York Stock Exchange (NYSE) in New Read More

Billionaire seeks to replace 40% of Occidental’s board of directors

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7/19/2019 HOUSTON – Carl Icahn formally asked Occidental Petroleum Corp. investors to help him replace four of the company’s 10 directors and potentially push for a sale. Icahn and Occidental Chief Executive Officer Vicki Hollub spoke three times in the last six weeks both by phone and in person to discuss his ideas about corporate Read More