Newsfeeds Archive - Page 66 of 246

1 minute read

BP’s CEO Search Success: Interim CEO Takes The Helm Permanently

January 17, 6:05 AM

BP has appointed Murray Auchincloss as its chief executive officer, following a competitive search process, carried out by the board over the past four months. Auchincloss has been the interim CEO since September 2023.

2 minute read

BofA Analyst’s Chemical Blend: Rating Change Saga, Reassesses Agricultural Market Dynamics

By Lekha Gupta

January 16, 2:53 PM

Analyst bullish on commodity chemical stocks but selective, upgrades Dow Inc and Ecolab, downgrades Celanese and FMC Corp, lowers estimates for US chemicals stocks.

1 minute read

NEXTracker Sparks Goldman Analyst’s Optimism Thanks To Tax Credits

By Lekha Gupta

January 16, 1:42 PM

Goldman Sachs analyst Brian Lee initiated coverage on NEXTracker Inc at a Buy rating with a price target of $62.

NXT

1 minute read

Chemical Company LyondellBasell’s $500M Move: Fuels Growth In Saudi Arabia With NATPET Deal

By Lekha Gupta

January 16, 12:46 PM

LyondellBasell Industries agreed to acquire a 35% stake in Saudi Arabia–based National Petrochemical Industrial for around $500 million.

LYB

2 minute read

Why Are Applied Digital Shares Tumbling Today?

By Lekha Gupta

January 16, 12:37 PM

Applied Digital Corp reported weak Q2 results and a lower outlook, citing delayed component delivery. It also signed a $2.2B datacenter contract.

APLD

1 minute read

Scorpio Tankers Sets Sail: Sell, Buy, Aand Trim Debt In Strategic Maritime Moves

By Lekha Gupta

January 16, 12:17 PM

Scorpio Tankers Inc sells MR product tanker for $39.1M and exercises purchase options for 5 ships, expected to reduce $61.1M in debt.

STNG

1 minute read

PNC Financial Average Deposits Fall 3% In Q4, Guides For Weaker FY24

By Lekha Gupta

January 16, 10:58 AM

PNC reported Q4 FY23 results, with revenue of $5.36B (down 7% Y/Y) beating expectations but guides weak FY24 outlook.

PNC

1 minute read

Barrick Gold Shares Losing Shine On Q4 Preliminary Report: Details

By Lekha Gupta

January 16, 10:54 AM

GOLD posted fiscal-year 2023 copper production of 420 million pounds, at par with the lower end of the guidance range of 420 to 470 million pounds.

GOLD

1 minute read

Why Eldorado Gold Shares Are Trading Lower Premarket Tuesday?

By Lekha Gupta

January 16, 9:18 AM

Eldorado Gold Corp (EGO) reported preliminary production with Q4 gold production at 143,166 oz and 2023 production at 485,140 oz. Q4 production was strong and in line with expectations.

EGO

1 minute read

Blackstone Doubling Singapore Team As Investors’ Leave Chinese Land: Report

By Lekha Gupta

January 16, 8:58 AM

Blackstone reportedly plans to expand its private equity business in Singapore by doubling its headcount to tap into growing deals and connect with investors.