Investment company Centenus Global Management, LP buys Duke Energy Corp, DTE Energy Co, Ameren Corp, American Electric Power Co Inc, Xcel Energy Inc, OGE Energy Corp, Pioneer Natural Resources Co, Marathon Oil Corp, Edison International, Oasis Petroleum Inc, sells Exelon Corp, Patterson-UTI Energy Inc, Jack In The Box Inc, US Foods Holding Corp, CenterPoint Energy Inc during the 3-months ended 2018-03-31,....More>>>
U.S. oil output is set for “explosive” growth this year as prices rally, potentially offsetting a further collapse in Venezuela’s production, the International Energy Agency said.
The agency is joining a chorus of voices from Goldman Sachs group Inc. and OPEC’s own analysts in warning of a surge in U.S. production as oil hits three-year highs. Output cuts....More>>>
In thisMarketFoolery podcast, host Chris Hill is joined once again by Million Dollar Portfolio’s Jason Moser and Stock Advisor Canada’s Taylor Muckerman to weigh in on a trio of interesting business news items. They lead off with a particularly bad quarterly report from toymaker Hasbro(NASDAQ:HAS): Was its sharp first-quarter underperformance a short-term issue prompted by the Toys R....More>>>
Ivan Monteiro has been named to head Brazilian state-controlled oil company Petrobras on an interim basis, replacing Chief Executive Officer Pedro Parente who resigned Friday.
Monteiro, who has been chief financial officer since 2015, was given the interim job during a board meeting that came just hours after Parente stepped down following intense criticism during a trucker strike that crippled....More>>>
Euro-area inflation hit the fastest pace in more than year, some good news for European Central Bank officials debating the future policy path just as turmoil in Italy revives memories of the debt crisis.
The 1.9 percent rate, effectively in line with the ECB’s goal, was up from just 1.2 percent in April and above the 1.6 percent reading forecast by economists. The core measure rose....More>>>