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Freeport-McMoRan Craters Amid New Equity Issuance; Don't Blame The Dilution

2015-09-19 13:31:56| Real Estate - Topix.net

Freeport-McMoRan announced a substantial amount of shares had already been issued and further authorization had been provided to issue more. Bearish sentiment on China may be weighing heavily on copper prices.

Tags: the equity blame issuance

Oil Craters After Monumental Inventory Build, Biotech Booms Again

2015-04-09 11:45:28| Biotech - Topix.net

Early this morning, energy giant Royal Dutch Shell said it would acquire BG Group for $70 billion. According to Bloomberg, this transaction constitutes the largest deal in the oil and gas industry in at least a decade.

Tags: again build oil inventory

Schlumberger to cut 9,000 jobs as oil craters

2015-01-16 17:10:55| Energy - Topix.net

Oilfield services giant Schlumberger plans to cut 9,000 jobs as the global collapse in crude oil prices crimps production. The cuts - about 7.5% of the company's 120,000 workers, were announced Thursday "to Crude oil's collapse will cost 9,000 jobs at Schlumberger Oilfield services giant Schlumberger plans to cut 9,000 jobs as the global collapse in crude oil prices crimps production.

Tags: jobs cut oil schlumberger