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Levi Strauss valued at $6.6 billion as IPO prices above target

6 hours ago DieselGasoil Comments Off on Levi Strauss valued at $6.6 billion as IPO prices above target
(Reuters) – Levi Strauss & Co fetched a higher price than expected in its initial public offering (IPO) on Wednesday, selling $623.3 million in shares as the U.S. jeans maker looks to return to the stock market after 34 years as a family-owned company. Jeans trousers are displayed at a Levi Strauss store in New Read More

FedEx falls on 2019 forecast cut, multiple brokerages lower price target

11 hours ago DieselGasoil Comments Off on FedEx falls on 2019 forecast cut, multiple brokerages lower price target
(Reuters) – Shares of FedEx Corp fell about 7 percent before the bell on Wednesday after the package delivery company cut its 2019 profit forecast for the second time blaming slowing global trade growth and continued weakness in its international Express business. The profit warning and weak quarterly results have resulted in a slew of Read More

Lenders and travelers stick with Ethiopian Airlines, for now

2 days ago DieselGasoil Comments Off on Lenders and travelers stick with Ethiopian Airlines, for now
NAIROBI (Reuters) – Financiers, passengers and industry partners are, for now, still backing Ethiopian Airlines’ quest to become Africa’s dominant carrier, despite a March 10 crash that killed 157 people. FILE PHOTO: Ethiopian Red Cross workers carry a body bag with the remains of Ethiopian Airlines Flight ET 302 plane crash victims at the scene Read More

Electric vehicles reducing oil consumption

2 days ago DieselGasoil Comments Off on Electric vehicles reducing oil consumption
By Dan Murtaugh on 3/19/2019 SINGAPORE (Bloomberg) — Electric vehicles are taking ever-bigger bites out of global oil demand, but they haven’t yet caught up with the growing size of the pie. Gasoline and diesel (gasoil) displacement by electric vehicles will grow by 96,000 bpd this year, BloombergNEF said in a report Tuesday. That brings Read More

Overdone? Short EU equities 'most crowded' trade for first time

2 days ago DieselGasoil Comments Off on Overdone? Short EU equities 'most crowded' trade for first time
LONDON (Reuters) – Fund managers have named bearish bets in European equities as the “most crowded” trade in Bank of America Merrill Lynch’s survey for the first time in its history, suggesting sentiment for one of the world’s most shunned markets may rise from here. FILE PHOTO: The German share price index DAX graph is Read More

Denbury and Penn Virginia Announce Deadline for Election of Form of Merger Consideration

2 days ago DieselGasoil Comments Off on Denbury and Penn Virginia Announce Deadline for Election of Form of Merger Consideration
PLANO and HOUSTON, Texas, March 19, 2019 (GLOBE NEWSWIRE) — Denbury Resources Inc. (NYSE: DNR) (“Denbury”) and Penn Virginia Corporation (NASDAQ: PVAC) (“Penn Virginia”) jointly announced today that, in connection with Denbury’s pending acquisition of Penn Virginia, April 16, 2019 at 5:00 p.m. Eastern Time is the election deadline for record holders of shares of Read More

Ride-hail firm Lyft launches IPO road show in Uber's shadow

2 days ago DieselGasoil Comments Off on Ride-hail firm Lyft launches IPO road show in Uber's shadow
(Reuters) – Lyft Inc on Monday kicked off the investor road show for its initial public offering (IPO), seeking to woo money managers before its bigger ride-hailing rival Uber Technologies Inc makes its stock market splash in April. An electric scooter from the ride sharing company Lyft is shown on a downtown sidewalk in San Read More

Ride-hailing firm Lyft launches IPO road show in Uber's shadow

2 days ago DieselGasoil Comments Off on Ride-hailing firm Lyft launches IPO road show in Uber's shadow
(Reuters) – Lyft Inc kicked off the investor road show for its initial public offering on Monday, targeting a valuation of up to $23 billion and seeking to woo money managers before larger ride-hailing rival Uber Technologies Inc goes public in April. An electric scooter from the ride sharing company Lyft is shown on a Read More