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Trump’s bid to sell US oil would cut Opec

Trumps bid to sell US oil would cut Opec picture-12845-310x165

  OPEC Committee Recommends Nine-Month Oil-Cuts Extension Congress has already ordered the U.S. Energy Department to sell 25 million barrels of reserve oil in fiscal 2018 to fund government programs Long term, reducing the oil reserve might be a good thing for the market, said Carl Larry, principal at Oil …

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Valspar start on June 1, while winning final regulatory green-light

Valspar start on June 1, while winning final regulatory green light picture-12814-310x165

Valspar, a Minneapolis-based global paints and coatings company whose consumer paints are sold in home-improvement stores, will be the largest acquisition in Sherwin-Williams’ 151-year history. The deal will create a mammoth global paint company with combined estimated revenues of $15.6 billion, adjusted earnings of $2.8 billion, and about 58,000 employees. …

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Netflix stock rose to almost $125 in the week following it

Netflix stock rose to almost $125 in the week following it picture-12440-310x165

But the so-called ‘Adjustments to reconcile net income to net cash’ aren’t a true picture of Netflix’s operational health? Take a look at the additions and subtractions to net income Netflix factors in here before pinning down a precise operating cash flow figure. Ditto for operating cash flow, which rolled …

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Wells Fargo stock has fallen 1.32% to $52.41

Wells Fargo stock has fallen 1.32% to $52.41 picture-12448-310x165

Warren Buffett’s Berkshire Hathaway (BRKA) sold a portion of its stake in Wells Fargo yesterday. Wells Fargo stock has fallen 1.32% to $52.41. Wells Fargo (WFC) is another story. Buffett’s company unloaded 9 million shares, but it wasn’t for any reason except to keep Berkshire’s position in the company from …

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Tax Day deals around Chicago will keep you afloat

Tax Day deals around Chicago will keep you afloat picture-12347-310x165

For those who really need some down time after filing their taxes (or confident about their refund), there’s the Relax After You Tax package ($1,040, before tax; Rate code: TAXDAY) being offered at both the Kimpton Hotel Palomar Philadelphia and Kimpton Hotel Monaco Philadelphia. A variety of Kimpton Hotels across …

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Hyundai Motor seeking to growing segment with long-range models

Hyundai Motor seeking to growing segment with long range models picture-12040-310x165

South Korea’s Motor Co is developing its first dedicated architecture for electric vehicles, an executive told Reuters, seeking to catch up with the likes of in the growing segment with multiple, long-range models. In China, Motor was considering sourcing batteries from Contemporary Amperex Technology (CATL) or a couple of other …

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Saudi Aramco bulks up Asia investments to boost appeal for IPO

Saudi Aramco bulks up Asia investments to boost appeal for IPO picture-11680-310x165

Samba Capital, the investment arm of Saudi Arabia’s third-largest bank by assets, is one of the more active local investment banks. Samba Financial Group 1090.SE, the parent of Samba Capital, did not immediately respond to a request for comment. REUTERS/Hamad I Mohammed/File PhotoDUBAI Oil giant Saudi Aramco IPO-ARMO.SE has selected …

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