article Broadcasting company Gray Television on Monday said it will acquire privately held Raycom Media in a cash-and-stock deal valued at $3.65 billion. Continue Reading Below The transaction will consist of $2.85 billion in cash, $650 million in a new series of preferred stock, and 11.5 million shares of Gray […]
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Oil falls on OPEC’s announced output rise
article Brent crude oil prices fell over 1.5 percent on Monday as traders factored in an expected output increase that was agreed at the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna on Friday. Continue Reading Below Despite this, analysts said global oil markets would likely […]
BlackBerry quarterly results beat on software strength
article . REUTERS/Mark Blinch Canadian software maker BlackBerry on Friday reported quarterly revenue and profit that topped analysts’ estimates, driven by strong growth in its high-margin software and services business. Continue Reading Below U.S.-listed shares of BlackBerry rose 2.6 percent to $11.89 in premarket trading. The Waterloo, Ontario-based company said […]
OPEC strives for deal to raise oil output as Iran resists
article REUTERS/Ramzi Boudina/File Photo OPEC scrambled on Thursday to agree on raising oil output, with Saudi Arabia warning of shortages but Iran holding out against a deal amid the prospect of lower exports due to U.S. sanctions on Tehran. Continue Reading Below The Saudi and Russian energy ministers said a […]
Oil prices rise 1% as OPEC meets
article Oil prices rose more than 1 percent on Friday as OPEC tried to agree a deal to increase output to compensate for losses in production at a time of rising global demand. Continue Reading Below Benchmark Brent crude was up $1.05 a barrel at $74.10 by 0925 GMT. U.S. […]
Kroger tightens 2018 profit forecast, shares soar
article (AP Photo/David J. Phillip, File) Kroger on Thursday tightened its profit forecast for the full year as the grocer’s investments in delivery and online services helped it better compete with Walmart and Amazon.com’s Whole Foods. Continue Reading Below Shares of Cincinnati-based Kroger rose nearly 10 percent in premarket trade […]
Oil drops on support for OPEC production rise
article Oil prices fell on Thursday as Iran signaled it may support a small rise in OPEC crude output, possibly paving the way for the producer cartel to agree a supply increase during a meeting on Friday. Continue Reading Below Markets were also pushed lower by an escalating trade disputes […]
Oil prices gain on lower U.S. crude inventories, Libyan disruption
article Oil prices recovered some day-earlier losses in Asia on Wednesday, supported by a drop in U.S. commercial crude inventories and the loss of storage capacity in oil producer Libya. Continue Reading Below U.S. crude inventories fell by 3 million barrels to 430.6 million barrels in the week to June […]
Oil falls on escalating U.S.-China trade spat
article Oil prices fell on Tuesday as an escalating trade dispute between the United States and China triggered sharp sell-offs in many global markets. Continue Reading Below Crude was also weighed down by expectations that producer cartel OPEC and key ally Russia will gradually increase output The United States and […]
Oil prices climb ahead of OPEC meeting
Oil prices rose on Monday ahead of an OPEC meeting this week and as investors assessed the impact of a trade dispute between the United States and China. Continue Reading Below U.S. light crude oil CLc1 hit a two-month low of $63.59 a barrel but then recovered strongly to trade […]