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Lower rates could boost housing stocks, but risks remain

10 hours ago DieselGasoil Comments Off on Lower rates could boost housing stocks, but risks remain
NEW YORK (Reuters) – Lower U.S. interest rates could help support outperforming U.S. homebuilder stocks, even as they raise worries about the economy, while a bonanza of industry data and Federal Reserve speakers next week are likely to help shape the outlook. After underperforming in 2018, the PHLX Housing Index .HGX is up about 30% Read More

Wall Street Week Ahead: Lower rates could boost housing stocks, but risks remain

15 hours ago DieselGasoil Comments Off on Wall Street Week Ahead: Lower rates could boost housing stocks, but risks remain
NEW YORK (Reuters) – Lower U.S. interest rates could help support outperforming U.S. homebuilder stocks, even as they raise worries about the economy, while a bonanza of industry data and Federal Reserve speakers next week are likely to help shape the outlook. FILE PHOTO: Traders work on the floor at the New York Stock Exchange Read More

Upwing Energy awarded 10 new downhole rotating device patents

22 hours ago DieselGasoil Comments Off on Upwing Energy awarded 10 new downhole rotating device patents
8/16/2019 CERRITOS, CA. – Upwing Energy has been awarded 10 new patents, for critical enabling technologies in the company’s downhole rotating tools, and proprietary methods used to increase hydrocarbon production and recovery. Upwing Energy SCS The U.S. Patent and Trade Office granted seven patents related to Upwing’s SCS, a downhole compressor system, and three patents Read More

STAR Market tech board offers hope to Chinese venture capitalists

1 day ago DieselGasoil Comments Off on STAR Market tech board offers hope to Chinese venture capitalists
SHANGHAI/HONG KONG (Reuters) – When Chinese venture capital firm New Vision Capital invested in two startups focusing on cloud computing and micro-optics, the plan was to eventually take them public on the Nasdaq exchange. FILE PHOTO – A sign for STAR Market, China’s new Nasdaq-style tech board, is seen after the listing ceremony of the Read More

Exclusive: Buyout firms KKR, Blackstone among bidders for Philippine hospitals group – sources

1 day ago DieselGasoil Comments Off on Exclusive: Buyout firms KKR, Blackstone among bidders for Philippine hospitals group – sources
SINGAPORE (Reuters) – Buyout firms KKR (KKR.N), Blackstone (BX.N) and CVC are among bidders competing for a stake in the hospital unit of Philippines’ Metro Pacific Investments Corp (MPI.PS), people with knowledge of the matter told Reuters. FILE PHOTO – Trading information for KKR & Co is displayed on a screen on the floor of Read More

Ackman eyes more gains for his fund with help of Berkshire, others

1 day ago DieselGasoil Comments Off on Ackman eyes more gains for his fund with help of Berkshire, others
BOSTON (Reuters) – Billionaire investor William Ackman, whose portfolio has gained almost 50% this year, said his fund can keep delivering “high, long-term” returns, and he expects that a newly disclosed stake in Berkshire Hathaway Inc (BRKa.N) will help boost gains. FILE PHOTO: William ‘Bill’ Ackman, CEO and Portfolio Manager of Pershing Square Capital Management, Read More

Ackman confident portfolio can keep delivering strong returns: letter

1 day ago DieselGasoil Comments Off on Ackman confident portfolio can keep delivering strong returns: letter
FILE PHOTO: William ‘Bill’ Ackman, CEO and Portfolio Manager of Pershing Square Capital Management, speaks during the Sohn Investment Conference in New York City, U.S., May 8, 2017. REUTERS/Brendan McDermid/File Photo BOSTON (Reuters) – Billionaire investor William Ackman, whose portfolio has gained almost 50% this year, said his fund can keep delivering “high, long-term” returns Read More

SoftBank convertible note helped cut WeWork losses

1 day ago DieselGasoil Comments Off on SoftBank convertible note helped cut WeWork losses
NEW YORK (Reuters) – Investors may be stumped by some of the finances WeWork owner We Company unveiled this week in its filing to go public, in particular a $486 million gain on a convertible note that made losses at the coworking firm appear a lot smaller. FILE PHOTO: The WeWork logo is displayed outside Read More

Wall Street higher on strong retail sales data

2 days ago DieselGasoil Comments Off on Wall Street higher on strong retail sales data
(Reuters) – U.S. stocks tried to bounce back on Thursday from a steep selloff a day earlier, as strong retails sales data and upbeat Walmart earnings eased concerns of a recession, but mixed signals on trade and Cisco’s dismal forecast capped gains. Recession fears have gripped the market after the U.S. Treasury yield curve inverted Read More

Equinor’s $7.7 billion Mariner field starts up in the UK North Sea

2 days ago DieselGasoil Comments Off on Equinor’s $7.7 billion Mariner field starts up in the UK North Sea
8/15/2019 OSLO – Equinor and partners realized first oil from the Mariner field in the UK North Sea today. The field is expected to produce more than 300 MMboe over the next 30 years. “The start-up of Mariner, the first Equinor-operated oil field on the UKCS, establishes our foothold in the UK and reinforces our Read More