BUSINESS/FINANCE NEWS
Setup News Ticker
   BUSINESS/FINANCE NEWS
Searching for 'Market year'. (Return)

MarketWatch MarketPulseOct 20, 2020
Dow gains at Tuesday's open as coronavirus relief package deadline and vaccines come into focus
U.S. stock benchmarks on Tuesday kicked off trade modestly higher, as stocks attempted to recover from the worst daily percentage decline in about a month. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin have indicated that differences in negotiations toward a sweeping coronavirus aid package are "narrowing," with a self-imposed deadline of end of day Tuesday looming. Both sides said they are continuing to work on the matter, which the market views as crucial to supporting further gains. Meanwhile, Moderna Inc. said that it could seek emergency authorization for its vaccine candidate before the end of the year, joining Pfizer Inc. , which last week said that it would have its experimental drug ready before the the end of 2020. The Dow Jones Industrial Average was up 112 points, or 0.4%, at 28,310, the S&P 500 index was trading 0.5% higher at 3,444, while the Nasdaq Composite Index was advancing 0.5% at 11,540, at last check. Markets finished Monday action with their worst percentage declines since late September.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Yahoo BusinessOct 20, 2020
Shale Oil M&A Accelerates With Pioneer Strike to Buy Out Parsley
(Bloomberg) -- The series of mergers reshaping the beleaguered U.S. shale oil industry accelerated Tuesday when Pioneer Natural Resources Co. agreed to buy Parsley Energy Inc. for $4.5 billion in stock, creating one of the largest producers in the Permian Basin.The deal came a day after ConocoPhillips announced its $9.7 billion takeover of Concho Resources Inc. and underscores the view that oil companies must be big to survive in a new, pandemic-maligned world that's oversupplied with crude. Earlier this month Chevron Corp. completed its takeover of Noble Energy Inc., while Devon Energy agreed to merge with shale driller WPX in late September.The sector is in full-on merger mode in response to oil prices that have been stuck at around $40 a barrel in recent months after the Covid-19 pandemic hit global demand. While that's put pressure on energy companies around the world, the pain is most severe in U.S. shale. The industry is weighed down by massive debts, the result of years of break-neck expansion that made America the largest crude producer but also disappointed investors with poor returns.Energy has slumped to less than 2% of the S&P 500 Index, down from more than 11% a decade ago, even as the wider market rose to record levels."There's only going to be three or four independents that are investable by shareholders" after the recent market rout, Pioneer Chief Executive Officer Scott Sheffield said on a conference call with analysts. The "real survivors" will be Pioneer-Parsley, EOG Resource

MarketWatch MarketPulseOct 20, 2020
IBM's stock is the lone Dow decliner, would cut about 30 points off the Dow's price
Shares of International Business Machines Corp. dropped 3.7% in premarket trading Tuesday, and was the only decliner among Dow Jones Industrial Average components ahead of the open, after the technology giant reported another quarterly revenue decline and didn't provide financial guidance. The stock's implied price decline would shave about 30 points off the Dow's price, while Dow futures rose 103 points, or 0.4%. Wedbush analyst Moshe Katri said the third-quarter results, which were reported late Monday, were "mixed," as the net result continues to be "lackluster revenue growth and inconsistent margin performance." The stock has lost 6.4% year to date through Monday, while the Dow has eased 1.2%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


TRENDING TAGS
EarningsQ3 Call Transcript Stock Inc
Googleantitrust lawsuit DOJ Justice files
Stockstimulus earnings higher Netflix revenue
Stimulustalks Pelosi Deal deadline Dow
Netflixearnings Stock Subscriber miss shares
pandemicduring about Lessons Netflix How
Covid-19Here how Texas cases Hospitals
Coronaviruscases latest million Talks Global
antitrustGoogle lawsuit DOJ files case
StocksStimulus making biggest moves &

NEWS SOURCES
Top News (Business News)
Accounting Today
AdWeek News
Banking Business Review
Barron's This Week Magazine
Barron's Up and Down Wall Street Daily
Brad Ideas
Chicago Tribune Business News
CNBC Business
CNBC Economy
CNBC Finance
CNN/Money
CNN/Money Real Estate News
Dismal.com: Analysis
Dismal.com: Indicators
Enterprise Application News
Entrepreneur.com
Forbes Headlines
Forbes Social Media News
FT.com - China, Economy & Trade
FT.com - Financial Markets
FT.com - Hedge Funds
FT.com - Telecoms
FT.com - US
Google Business News
Google Market News
HBS Working Knowledge
Inc.com
INSEAD Knowledge
International Tax Review
Kiplinger
Knowledge@Wharton
L.S. Starrett News
MarketWatch
MarketWatch Breaking News
MarketWatch MarketPulse
McKinsey Quarterly
MSNBC.com: Business
Nielsen Trends
NonProfit Times
NPR Topics: Business
NYTimes Business
OpinionJournal.com
Private Equity Breaking News
Reuters Business
Reuters Company News
Reuters Money
SEC.gov Updates: News Digest
SHRM HR News
Tax Policy News
The Economist International News
The Motley Fool
USA Today Money
Wall Street Journal US Business
Wall Street Transcript
Washington Post Business
WSJ Asia
WSJ Europe
WSJ MoneyBeat
WSJ Opinion
WSJ US News
WSJ World Markets
Yahoo Business
  • CEOExpress
  • 1 Boston Place | Suite 2600
    Boston MA 02108
  • 617 482 1200
    617 299 8649 (fax)
  • Contact
  • As an Amazon Associate
    CEOExpress earns from
    qualifying purchases.

©1999-2020 CEOExpress Company LLC