The Justice Department is set to announce a strike force aimed at identifying and prosecuting companies that fix prices or collude to push up the cost of the billions of dollars worth of U.S. government purchases, according to a Justice Department official.
In recent months, Walgreens has held preliminary discussions with some of the world’s largest private equity firms about putting together what would be the biggest ever leveraged buyout, the sources said. Walgreens has a market value of $55 billion (£42.74 billion), and its debt at the end of August totaled $17 billion. Walgreens has tasked investment bank Evercore Partners Inc with exploring whether a deal can be put together, the sources said, cautioning that a deal is far from certain. …read more […]
Boeing CEO Dennis Muilenburg is under scrutiny as more questions linger after the two deadly crashes involving 737 Max jets. However, the executive has offered to forgo all bonuses this year. Yahoo Finance’s Zack Guzman and Heidi Chung discuss with Radio Show Host Ben Kissel. …read more […]
The compensation of U.S. CEOs rises sharply when their companies gain import restrictions against foreign competitors, according to a new research paper.
Oil prices rose more than 1% on Tuesday on hopes for a U.S.-China trade agreement and optimism that Washington could roll back some tariffs on Chinese imports.
Wall Street’s top regulator on Tuesday proposed a pair of long-awaited rules that would set new limits on shareholders’ ability to call for corporate changes on thorny issues like climate change disclosures and executive compensation.
(Bloomberg) — Charles Schwab, founder of the giant discount brokerage, said he has always hated charging commissions and he’s glad to be “out of the business.”“I hated commissions,” Schwab, 82, said Tuesday at the Impact 2019 conference in San Diego. “I hated them then. I hate ’em now. I took ’em away.”Charles Schwab Corp. roiled the brokerage industry when it eliminated fees for U.S. stocks, exchange traded funds and options. The move escalated a long-simmering price war spurred by investors who have moved to the cheapest investment products.Also at the conference, Schwab Chief Executive Officer Walter Bettinger said the firm …read more […]
Occidental Petroleum Corp on Tuesday said sharp reductions in capital spending next year will result in oil and gas production growth of just 2 percent, missing the target for 5% growth of the combined business with Anadarko Petroleum. Occidental plans to slash spending by 40% and cut back on production goals in order to meet dividend and debt payments, it disclosed Monday when it released third quarter financial results. It plans 2020 spending of about $5.4 billion and a 2021 budget of $6.6 billion, Chief Executive Officer Vicki Hollub said Tuesday on a call with analysts. …read more […]
The 737 MAX saga is far from over – and only part of the problem Continue reading… …read more […]
It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we’d be… …read more […]
Yahoo Finance’s Adam Shapiro shares what’s making headlines Tuesday. …read more […]
The legendary hedge fund manager spoke at the Greenwich Economic Forum. …read more […]
Although the American multinational ridesharing company beat Q3 estimates on the top and bottom line, Uber Technologies, Inc. reported a net loss over $1 billion. MorningStar Analyst Ali Mogharabi joins Yahoo Finance’s Adam Shapiro, Julie Hyman and Brian Cheung to break it down on On The Move. …read more […]
The three main U.S. indexes took a breather on Tuesday after expectations of a U.S.-China trade deal propelled them to record highs in the previous session.
At a time when U.S. utilities face pressure to rely more on renewable energy, a well-known investor in the space said it is equally important to judge companies by their spending on less glamorous areas like power lines and grid reliability.
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