ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately $17.1 billion. The deal is valued at $22.5 billion when including $5.4 billion in debt. NEWS RELEASE: ConocoPhillips to acquire Marathon Oil Corporation in all-stock transaction; provides shareholder distribution update https://t.co/C5S1P1HWNT — ConocoPhillips News (@cop_newsroom) May 29, 2024 Marathon Oil shareholders will receive […]
ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately 17.1 billion (£13.4 billion). The deal is valued at 22.5 billion dollars (£17.6 billion) when including 5.4 billion dollars (£4.2 billion) in debt. NEWS RELEASE: ConocoPhillips to acquire Marathon Oil Corporation in all-stock transaction; provides shareholder distribution update https://t.co/C5S1P1HWNT — ConocoPhillips News (@cop_newsroom) […]
First Solar (NASDAQ:FSLR), a global solar energy solutions provider headquartered in Arizona, is a cheaply valued AI beneficiary that had been ignored by the market until recently. FSLR stock soared more than 30% between May 20 and 22 based on two pieces of news. First, UBS (NYSE:UBS) identified the company as a major winner of […]
(Reuters) -Elon Musk’s AI startup xAI raised $6 billion in series B funding, reaching a post-money valuation of $24 billion as investors bet big on challengers to companies like OpenAI in the intensifying AI race. The funding round was backed by investors including Andreessen Horowitz and Sequoia Capital, the company said in a blog post […]
(Reuters) -Scale AI said on Tuesday it had raised $1 billion in a late-stage funding round led by venture capital firm Accel with participation from tech giants Nvidia, Amazon, and Meta, valuing the AI data startup at nearly $14 billion. Top tech companies are racing to build AI into their products and services. Startups catering […]
Neuropsychiatric-Focused Vanda Pharmaceuticals Rejects Future Pak’s Takeover Bid Valued Up To $7.75/Share On Wednesday, Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) confirmed that, since March 2024, it had received several unsolicited proposals from Future Pak LLC to acquire all of Vanda’s outstanding shares. The most recent proposal offered $7.25 – $7.75 per share, subject to certain terms and conditions. The current proposal […]
Buying an artificial intelligence (AI) stock that’s trading at an attractive valuation and is growing at an impressive pace might seem difficult right now considering that companies in a position to take advantage of this technology have witnessed a rapid jump in their share prices in the past year or so. Nvidia, for instance, is […]
Atos has earned France a great deal of tech repute, whether with its shiny Olympics partnership or with the massive growth that made it one of Europe’s top IT companies. It’s also a strategically important company for France given its deep military and nuclear industry ties. At the peak of its success in 2017, led […]
By Lewis Krauskopf NEW YORK (Reuters) – Rising Treasury yields could provide the latest test for a rally that has made U.S. stocks increasingly expensive while taking them to fresh record highs. Expectations that the Federal Reserve will cut interest rates this year helped the S&P 500 notch a 10% gain in the first quarter, […]
Johannes Eisele/AFP via Getty Images As the stock market hits record highs, some investors are concerned about a bubble. High valuations and an AI-hype cycle are the top concerns for bearish investors. From AI to chicken wings, listed below are the 10 most richly valued stocks in the market right now. Record highs in the […]
Home Depot will buy SRS Distribution, a materials provider for professionals, in a deal valued at approximately $18.25 billion. It is Home Depot’s largest acquisition in its history and with it, it steps more aggressively into the fast growing professional builder and contactor business. SRS provides materials for professionals like roofers, landscapers and pool contractors. […]
Mar. 25—Law enforcement officers found what they say was more than $1 million worth of drugs in a Fairbanks man’s home when they executed a search warrant last week, according to criminal charges filed in the case. Kevin Shank, 46, was arrested by the Fairbanks Areawide Narcotics Team and the Fairbanks Criminal Suppression Unit on […]