Deutsche Bank To Acquire Numis For 350 Pence/shr – Update

(Adds more details of the deal) German lending major Deutsche Bank AG (DB) said on Friday that it has reached a deal to buy Numis, an independent British institutional stockbroker and corporate advisor, in which each Numis shareholder entitled to receive 350 pence per share, valuing the entire issued and to be issued share capital at around 410 million pounds. […]

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Ovintiv To Buy Leasehold Interest, Related Assets From NMB Sellers For $4.275 Bln In Cash, Stock

Ovintiv Inc. (OVV), a hydrocarbon exploration and production firm, said on Monday that it has inked a deal to acquire substantially all leasehold interest and related assets of the portfolio companies of funds managed by EnCap Investments L.P., in a cash and share transaction, for around $4.275 billion. The list of portfolio companies includes Black Swan Oil & Gas, PetroLegacy […]

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Alibaba Group To Split Into Six Independently Managed Groups

Alibaba Group Holding Ltd. (BABA) announced Tuesday a new organizational and governance structure to empower all its businesses to become more agile, enhance decision making, enable faster responses to market changes, and promote innovation to capture opportunities in their respective markets and industries, thereby unlocking the value of Alibaba Group’s various businesses. Under this plan, the company will have six […]

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GOP Senator rips Biden over his 'blame game' on energy: Taking credit 'where no credit is due'

video Biden playing the ‘blame game’ on energy: Sen. John Barrasso Sen. John Barrasso, R-Wyo., joins ‘Varney & Co.’ to discuss the House voting to end the COVID public health emergency and Biden’s energy policies. Sen. John Barrasso R-Wyo., joined 'Varney & Co.' Wednesday to discuss Biden's 'war' on energy, stressing that the U.S. is hurting from his energy policies. […]

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Exxon sues EU in move to block new windfall tax on oil companies

video California windfall tax would lead to refinery ‘shutdowns,’ ‘exacerbate’ oil supply crisis: Andy Lipow Lipow Oil Associates President Andy Lipow calls for a ‘balanced approach’ to the ‘expensive’ renewable energy push. U.S. oil major Exxon Mobil Corp is suing the European Union in a bid to force it to scrap the bloc's new windfall tax on oil groups, arguing […]

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Oil market faces ‘considerable uncertainties,’ OPEC warns

video Tim Stewart: I’ve never seen OPEC ‘stiff-arm’ the US president U.S. Oil & Gas Association president Tim Stewart discusses how Biden can stabilize the ‘volatile global oil market’ on ‘Cavuto: Coast to Coast.’ OPEC left its forecast for global oil supply and demand largely unchanged Monday, as it warned that major unknowns such as Covid-19 cases in China and […]

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US faces national security ‘threat,' rising energy bills over 'too much' Russian dependence, CEO warns

video US facing ‘real national security threat’ over ‘too much’ Russian energy dependence: Amir Adnani Uranium Energy Corp. founder and CEO Amir Adnani says ‘energy is life’ and stresses that the U.S. must be in control of its own supply and ‘destiny.’ One U.S. energy CEO is calling out President Joe Biden’s proposed windfall profits tax and further finger-pointing at […]

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US Judge Blocks Penguin Random House’s Planned Merger Of Simon & Schuster

A federal judge has blocked Publisher Penguin Random House’s $2.18 billion merger deal with peer Simon & Schuster citing competition concerns for author payouts, reports said. The ruling comes in favor of the U.S. Justice Department’s antitrust challenge that the intended merger would unlawfully curtail competition. In response, consumer-book publisher Penguin Random House, owned by German media company Bertelsmann SE, […]

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