Exxon’s Cyprus gas discovery adds another giant to East Med collection
ExxonMobil added another giant gas discovery to the east Mediterranean region after finding a gas-bearing reservoir offshore Cyprus but infrastructure bottlenecks and geopolitical disputes mean output from the field could be far off.
Starboard to vote against Celgene/Bristol deal, move ahead with proxy
Activist investor Starboard Value LP plans to vote against Bristol-Myers Squibb Co’s proposed $74 billion takeover of biotech Celgene Corp and urged other shareholders to join it in voting down the “poorly conceived and ill-advised” deal.
Global stocks fall on China economic weakness, tempered trade hopes
Global equities markets fell for a third straight day on Thursday, with Wall Street stocks edging lower as weak Chinese economic data and mixed messages on the progress of trade talks between China and the United States weighed on investor sentiment.
Big U.S. pension funds ask electric utilities for decarbonization plans
Top U.S. pension funds are asking electric utilities to accelerate efforts to cut carbon emissions but will not force the issue with proxy resolutions this spring, hoping market shifts and falling prices for renewable energy have already made executive…
Wall St. edges lower on weak earnings, abrupt end to Trump-Kim summit
U.S. stocks edged lower on Thursday, weighed down by weak earnings from a handful of companies and after a U.S.-North Korea summit ended abruptly without a deal.
Inmarsat jumps on report EchoStar plans new approach
Inmarsat shares spiked on Thursday afternoon after a report by CTFN M&A news website said U.S. satellite group EchoStar was expected to renew its interest in the company “very soon”, and no later than the next six months.
U.S. working on detailed trade pact with China: Mnuchin
The United States is working to hammer out a detailed trade agreement with China that will include specific structural commitments, U.S. Treasury Secretary Steven Mnuchin told CNBC on Thursday.
Martha Stewart’s new role as cannabis adviser
Marijuana producer Canopy Growth has roped in lifestyle guru Martha Stewart as an adviser to help develop and launch a line of pot-based products for both humans and animals, it said on Thursday.
J.C. Penney fourth-quarter results beat estimates, shares surge 25 percent
J. C. Penney Co Inc on Thursday reported quarterly results that topped estimates as the struggling retailer sold more jewelry and women’s, men’s and children’s apparel during the key holiday shopping season.
Starboard to vote against Bristol-Myers’ $74 billion deal for Celgene
Activist investor Starboard Value LP will vote against Bristol-Myers Squibb Co’s $74 billion acquisition of Celgene Corp, the hedge fund said on Thursday, the latest shareholder to come out against what would be the pharmaceutical world’s biggest ever …
