JPMorgan, Morgan Stanley picked to advise on Aramco’s SABIC deal: sources
JPMorgan and Morgan Stanley have been picked to advise on Saudi Aramco’s potential acquisition of a stake in petrochemical maker SABIC , four sources familiar with the matter said.
Wall Street lower as Amazon, technology stocks drag
U.S. stock indexes dipped on Monday, led by losses in shares of Amazon and technology companies, as investors awaited quarterly reports from a host of marquee names to gauge the impact of an escalating trade conflict between the United States and China…
U.S. home sales fall as prices hit record high
U.S. home sales unexpectedly fell in June, posting their third straight monthly decline as a persistent shortage of properties on the market drove house prices to a record high, likely sidelining some potential buyers.
Oil rises on U.S.-Iran tension
Oil prices rose on Monday on worries over supply after tensions worsened between Iran and the United States, while some offshore workers began a 24-hour strike on three oil and gas platforms in the British North Sea.
Halliburton shares sink as investors eye pipeline constraints
Oilfield services provider Halliburton Co on Monday reported a sharp increase in quarterly revenue, but its shares fell by more than 6 percent as investors eyed growing pipeline constraints in the Permian Basin.
Papa John’s shares fall as board adopts ‘poison pill’
Shares of Papa John’s International Inc fell 8 percent on Monday after the pizza chain said it would implement a “poison pill” stock dilution that would act against any move by founder John Schnatter to take a bigger stake.
Tesla shares drop on report that it asked suppliers for refunds
Shares of Tesla Inc fell as much as 6.6 percent on Monday after a report that the electric car maker has turned to some suppliers for a refund of previously made payments in a bid to turn a profit.
Oil prices rise after Trump threatens Iran
Oil prices rose on Monday on worries over supply after tensions worsened between Iran and the United States, while some offshore workers began a 24-hour strike on three oil and gas platforms in the British North Sea.
Wall Street opens flat as tech stocks curb gains in energy
U.S. stocks opened flat on Monday as losses in technology names offset gains in energy stocks following a rise in crude oil prices.
Halliburton revenue beats on strong North American activity
Oilfield services provider Halliburton Co on Monday reported a 24 percent increase in quarterly revenue, narrowly beating analysts’ estimates, as higher oil prices sparked a surge in U.S. crude production activity.
