Month: August 2020

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Aug.02 — U.S. Secretary of State Michael Pompeo says the Trump administration will announce measures shortly against “a broad array” of Chinese-owned software deemed to pose national-security risks. Meanwhile, Microsoft Corp. and Bytedance Ltd. have put acquisition talks for TikTok on hold after President Donald Trump said Friday he would oppose the deal, Dow Jones reported, citing people familiar with the matter who weren’t identified. Ros Krasny reports on “Bloomberg Daybreak: Australia.” …read more […]

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(Bloomberg) — Seven & i Holdings Co., the world’s largest convenience store franchiser, agreed to buy Marathon Petroleum Corp.’s Speedway gas-stations for $21 billion, forging ahead with a deal-fueled expansion in the U.S.Seven & i, which operates internationally through its U.S.-based 7-Eleven Inc. unit, said in a statement it expects the all-cash transaction to close in the first quarter of next year. The company will hold a press conference at 9 a.m. Tokyo time Monday.The deal is the largest yet for Tokyo-based Seven & i, a retail giant with 69,000 stores worldwide including 7-Eleven outlets and Ito-Yokado supermarkets in Japan. …read more […]

After-tax proceeds from the sale, which has been approved by the boards of both companies, are estimated at $16.5 billion, Marathon said, adding it will use the proceeds to pay existing debt. The deal, which is expected to close in the first quarter of 2021, includes a 15-year fuel supply agreement for about 7.7 billion gallons per year associated with the Speedway business, said Marathon, the largest U.S. refiner by volume. The agreement takes 7-Eleven’s store count to about 14,000 locations in the United States and Canada. …read more […]

Stock futures struggled for direction Sunday evening, pointing to a mixed start to the first session of August as investors awaited another set of corporate earnings reports this week and a slew of data on the state of the labor market as parts of the country continue to grapple with a rise in coronavirus cases. …read more […]

What are the largest technology ETFs? Technology companies are dominating the stock market, and of course, the world. With the rise of artificial intelligence, machine learning, and other futuristic technologies, tech companies are expected to play an even bigger role in our lives. If you are bullish on the tech sector, technology ETFs are one […] …read more […]

(Bloomberg) — Goldman Sachs Group Inc. and Bank of America Corp. were left off Ant Group’s upcoming stock sale in Hong Kong because of their past work with rivals of its affiliate Alibaba, according to people familiar with the matter.Bankers have been told by senior executives at Alibaba Group Holding Ltd., which owns a third of Ant, that they should refrain from doing deals for its competitors if they want business from Jack Ma’s sprawling empire, the people said. Ant filed last month to go public in Hong Kong and Shanghai in offerings that could top Saudi Aramco’s record $29 …read more […]

NASA Astronauts aboard SpaceX’s “Dragon Capsule” returned from the International Space Station in a splashdown landing in the Gulf of Mexico. Photo by NASA/AFP …read more […]

Journal Editorial Report: The week’s best and worst from Kim Strassel, Allysia Finley, Jillian Melchior and Dan Henninger. Image: AP Photo/Rick Bowmer …read more […]

Journal Editorial Report: Paul Gigot interviews Johns Hopkins Dr. Marty Makary. Image: Reuers/Dado Ruvic …read more […]

Journal Editorial Report: In Portland, they just keep on coming. Image: Etienne Laurent/EPA-EFE/Shutterstock …read more […]

Syria’s foreign ministry said on Sunday that an American oil company had signed an agreement with Kurdish-led rebels who control northeastern oilfields in what it described as an illegal deal aimed at “stealing” Syria’s crude. A ministry statement, published on state media, did not name the firm involved in the deal with the Syrian Democratic Forces (SDF), an alliance that seized swathes of north and east Syria from Islamic State with U.S. help. There was no immediate response from SDF officials to a Reuters’ request for comment. …read more […]

After a more than two-month mission to the International Space Station, a SpaceX capsule carrying NASA astronauts is headed back to Earth. …read more […]