Pedro Parente, lauded for turning around Brazil’s state-oil giant Petrobras SA, agreed to become chairman of struggling food conglomerate BRF SA, a breakthrough that may end several weeks of fighting among shareholders over who will sit on its board.
Don’t look now, but the S&P 500 is having its third-best year in the past decade, which is amazing when you consider we’ll be entering the tenth year of the bull market in March. It’s a big indication the 2008 financial crisis is clearly in the rearview mirror, making it very difficult to find cheap stocks to buy.
With the S&P 500 up 16% year-to-date, it’s....More>>>
Sometime last month, I published an article on Seeking Alpha regarding the oil production trends of the Marcellus and Haynesville regions that are covered by the EIA (Energy Information Administration) in its monthly Drilling Productivity Report. Based on my findings, I concluded that the picture should be looking slightly better for oil bulls this year compared to last year for the regions as a....More>>>
Canadian Prime Minister Justin Trudeau has renewed his threat to scrap a potential deal to buy fighter jets from Boeing.
Trudeau called the U.S. plane manufacturer’s trade action against Canadian company Bombardier “unwarranted” and added that if Boeing (BA)continues the dispute, Canada won’t be buying Boeing’s F/A-18 Super Hornet fighter jets. The deal could....More>>>
Warren Buffett, Wells Fargo’s biggest fan, says the Federal Reserve is making him reduce his stake in the embattled bank.
Buffett’s Berkshire Hathaway (BRKB) disclosed in a regulatory filing on Wednesday that it sold 7.1 million shares of Wells Fargo (WFC) for $384 million this week. It intends to sell an additional 1.7 million shares of Wells soon.
Seasonal fireworks celebrate in the warm weather months over St. Basel’s Cathedral in Red Square. Russia’s Finance Minister Anton Siluanov says there is some upside coming to his country’s economy in 2017 following two long years of recession. (Shutterstock)
Next year is shaping up to be a much better one for the Russian Federation. Following back-to-back years of economic....More>>>
Saudi Arabia has tapped international debt markets for just the second time in its history.
The kingdom’s sale of Islamic bonds worth $9 billion comes less than six months after the world’s biggest oil exporting country tapped global debt markets for the first time by selling $17.5 billion in conventional bonds.
Half of the new Islamic bonds will be repaid in five....More>>>
Lands’ End (NASDAQ:LE) CMO Gill Brown Hong bought 1,525 shares of the company’s stock in a transaction on Friday, April 13th. The shares were bought at an average price of $22.20 per share, with a total value of $33,855.00. Following the completion of the transaction, the chief marke