Energy companies and domestic rivals Cenovus Energy and Husky Energy Inc. are set to combine in a $2.9 billion takeover that will see the two companies merge into what will be Canada’s third largest energy group, trailing behind Canadian Natural Resources and Suncor Energy.
Cenovus shareholders are scheduled to control...
On Tuesday, Microsoft announced its earnings for the first fiscal quarter of 2021. The figures included in the report revealed that the technology company performed significantly better than what analysts predicted.
The main takeaway came in the form of Microsoft’s quarterly revenue. The company raked in $37.2 billion, exceeding its...
Paul Brown, CEO of Inspire Brands, is looking to acquire Dunkin’ Brands in a deal estimated to be worth nearly $8.8 billion, a report by the New York Times claimed on Sunday.
Brown, whose company has already acquired restaurant brands such as Arby’s, Buffalo Wild Wings, Jimmy John’s, and Sonic,...
The future of Indian supermarket company Future Retail Ltd hangs in the balance, relying heavily on whether or not the company can sell its assets to Reliance Industries, the group revealed to a Singapore arbitrator.
Looking to sell several of its businesses to Reliance for a fee of $3.38 billion,...
Dana Gas PJSC, a natural gas company based in the United Arab Emirates, agreed to sell its oil and gas fields in Egypt for as much as $236 million. This sale will enable the firm to repay a portion of the debt owed from its Islamic bonds that will...
According to a statement released on Sunday, oil and natural gas company Cenovus Energy Inc. is expected to join integrated energy company Husky Energy Inc. in what will be an all-stock merger valued at C$23.6 billion ($18 billion).
With the boards of both companies having provided their approval of this...
With rivals Lockheed Martin (LMT) and Boeing (BA) in its sights, SpaceX is en route to see its stock valuation exceed the market caps of the top aerospace and defense stocks, Wall Street analysts explained.
Morgan Stanley currently gives Elon Musk’s company a base-case valuation of $101 billion, nearly double...
With the third-quarter earnings cycle well underway, Intel has joined the likes of Netflix by failing to meet financial metrics and consequently suffering a decrease in share prices.
After the company reported its Q3 data, Intel shares decreased by 10% during after-hours trading. This change was unexpected in the eyes...
With their T stock falling 0.5% in Tuesday trading, American telecommunications company AT&T has incurred their longest losing streak since the period ended January 15th, 2010. Tuesday’s decline marks the ninth consecutive week that the company’s shares have seen no improvement.
Verizon Communications Inc. found themselves in a similar unfortunate...
With lawmakers currently in the process of debating whether or not to pass a stimulus package later this week, the direction that stocks on the NYSE are set to take remains uncertain.
The three major indices each incurred their fairly balanced share of gains and losses on Wednesday, with several...