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Today: January 24, 2025
Today: January 24, 2025
David French

David French

Staff Writer

Latest From David French

Business|Economy|Finance|Stock Markets|US

Wall St notches second lower finish as 2024 starts with profit-taking

U.S. stock indexes ended the second session of the year down again in extended profit-taking on Wednesday after a strong finish to 2023, with minutes from the Federal

Wall St notches second lower finish as 2024 starts with profit-taking
Business|Finance|Stock Markets

Dow ends higher on financials, strong jobs data

The Dow Jones Industrial closed up on Thursday, as financial stocks and strong jobs data prompted investors to delay estimates of when interest-rate cuts could begin.

Dow ends higher on financials, strong jobs data
Business|Economy|Finance|Stock Markets|US

Wall Street ends topsy-turvy day marginally up

U.S. stock indexes endured a topsy-turvy session on Friday but ultimately closed marginally higher, as investors absorbed the latest macroeconomic data which offered

Wall Street ends topsy-turvy day marginally up
Business|Finance

Barclays shifts focus to buyout firms for UK payments business sale – sources

Barclays plc is sounding out private equity firms about taking a majority stake in its UK merchant

Barclays shifts focus to buyout firms for UK payments business sale – sources
Business|Economy|Finance|US

Exclusive-Shale producer Devon Energy in bid to acquire Enerplus -sources

U.S. oil and gas producer Devon Energy has approached Enerplus, a peer with a market value of C$3.9 billion ($2.9 billion), with an acquisition offer, people familiar with

Exclusive-Shale producer Devon Energy in bid to acquire Enerplus -sources
Business|Finance|US

Why Endeavor Energy's founder sold his company after years of rebuffing offers

For years, Endeavor Energy founder Autry Stephens' refusal to entertain acquisition offers for one of the most lucrative producers in the

Why Endeavor Energy's founder sold his company after years of rebuffing offers
Business|Economy|Finance

Exclusive-Occidental explores $18 billion-plus sale of Western Midstream, sources say

Occidental Petroleum is exploring a sale of Western Midstream Partners, a U.S. natural gas-focused pipeline operator that has a market value of more than $

Exclusive-Occidental explores $18 billion-plus sale of Western Midstream, sources say
Business|Finance|Stock Markets|Technology|US

Exclusive-Fiserv, Amadeus vie to acquire Shift4 Payments, sources say

Fiserv and Amadeus IT Group are competing to acquire Shift4 Payments, a payments processor that has a market value of $6.5 billion, according to

Exclusive-Fiserv, Amadeus vie to acquire Shift4 Payments, sources say
Business|Finance|US

Phillips 66 explores sale of REX interstate pipeline stake worth over $1 billion, sources say

U.S. oil refiner Phillips 66 is exploring a sale of its 25% stake in the Rockies Express Pipeline that it hopes could be worth more than $1 billion, including debt, people

Phillips 66 explores sale of REX interstate pipeline stake worth over $1 billion, sources say
Business|Finance|Stock Markets|US

Exclusive-Elliott weighs Citgo bid as creditor group eyes Conoco for own offer

Hedge fund Elliott Investment Management is weighing a bid for shares in the parent of oil refiner Citgo Petroleum under a

Exclusive-Elliott weighs Citgo bid as creditor group eyes Conoco for own offer
Business|Economy|Finance|Stock Markets|US

Wall Street closes higher for third session on rate cut optimism

U.S. stock indexes closed higher on Monday, their third straight session of advances, as investors continued to gain hope that there was a greater chance of the Federal

Wall Street closes higher for third session on rate cut optimism
Business|Finance|Stock Markets|US

S&P, Dow end slightly up, extend closing streaks despite Disney drag

The S&P 500 and Dow Jones Industrial Average both clung onto gains to ended slightly higher on Tuesday, extending recent winning streaks fueled by renewed expectations that

S&P, Dow end slightly up, extend closing streaks despite Disney drag
Business|Finance|Stock Markets

Dow ends higher for 6th session, but Treasury yields pressure market

The Dow Jones Industrial Average ended higher on Wednesday, stretching its winning streak to six straight sessions and closing above 39,000 points for the first time in

Dow ends higher for 6th session, but Treasury yields pressure market
Business|Finance

Bain Capital invests $250 million in business services firm Sikich

Bain Capital is picking up a minority stake worth $250 million in business services firm Sikich, which is planning to deploy the investment to finance its expansion plans,

Bain Capital invests $250 million in business services firm Sikich
Business|Economy|Stock Markets|US

Dow closes up to make it seven in a row, as jobs data boosts rate-cut hopes

The Dow Jones Industrial Average closed higher on Thursday, the seventh straight daily advance for the benchmark, as all three major U.S. indexes gained after weekly jobless

Dow closes up to make it seven in a row, as jobs data boosts rate-cut hopes
Business|Finance|Stock Markets|US

Power producer Calpine explores options including $30 billion sale, sources say

The investment firms that took U.S. power plant operator Calpine Corp private six years ago are exploring options that include a company sale, an initial public offering or

Power producer Calpine explores options including $30 billion sale, sources say
Business|Finance|Stock Markets|US

How Devon Energy missed out on the US oil and gas mega-deal wave

U.S. oil and gas producer Devon Energy has lost bids to acquire at least three of its peers in the last 12 months because its shares were spurned as

How Devon Energy missed out on the US oil and gas mega-deal wave
Economy|Finance|US

Some Colonial Pipeline owners eye stake sales at $10 billion-plus company valuation, sources say

Some of Colonial Pipeline's owners are exploring divesting their stakes, hoping they can fetch prices that would value the largest U.S. fuel transportation system in excess

Some Colonial Pipeline owners eye stake sales at $10 billion-plus company valuation, sources say
Business|Finance|Technology

Goldman Sachs developing dozen generative AI projects -exec

Goldman Sachs is working on a dozen projects which will incorporate generative artificial intelligence into its business practices, a senior

Goldman Sachs developing dozen generative AI projects -exec
Business|Economy|Finance|Stock Markets|US

Analysis-Cash-rich Exxon, Chevron use stock for mega deals amid energy market jitters

Exxon Mobil and Chevron are flush with cash yet their acquisition targets are taking stock as the only form of payment, an arrangement that allows the two largest U.S.

Analysis-Cash-rich Exxon, Chevron use stock for mega deals amid energy market jitters
Business|Finance

Goldman names Kamo as global head of dealmaking for financial sponsors

Goldman Sachs Group Inc has appointed David Kamo as its global head of financial sponsor mergers and acquisitions within its investment bank, according to a memo seen by

Goldman names Kamo as global head of dealmaking for financial sponsors
Business|Finance|Technology|US

Payments processor NCR Voyix explores sale of digital banking unit, sources say

Payments processor NCR Voyix is exploring the sale of its digital banking business which it hopes will fetch as much as $3 billion, people familiar

Payments processor NCR Voyix explores sale of digital banking unit, sources say
Business|Finance

Genstar in advanced talks to buy stake in payments processor AffiniPay, sources say

Private equity firm Genstar Capital is in advanced talks to buy a significant stake in AffiniPay in a deal that could value the payments processor

Business|Finance|News|Stock Markets|Technology

Wall St closes higher as investors return to megacap stocks

Wall Street's three benchmarks ended higher on Monday as investors returned to megacap growth stocks, helping both the S&P 500 and Nasdaq Composite recover from their worst

Wall St closes higher as investors return to megacap stocks
Business|Economy|Finance|Stock Markets|US

Wall St ends slightly lower with Big Tech earnings on deck

Wall Street's main indexes ended slightly lower on Tuesday, having given up meager intraday gains in the final minutes of trading, as investors switched their focus to the

Wall St ends slightly lower with Big Tech earnings on deck

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