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RPT-FOCUS-Teva’s proposed opioid settlement could cost drugmaker pennies on the dollar

4 hours ago NAMEX Comments Off on RPT-FOCUS-Teva’s proposed opioid settlement could cost drugmaker pennies on the dollar
NEW YORK/BOSTON (Reuters) – Teva Pharmaceutical Industries Ltd’s proposed $23 billion drug giveaway to settle thousands of U.S. opioid lawsuits will likely cost the company a fraction of that figure due to how it has valued those medicines, according to a Reuters review of pricing data and industry analysts. FILE PHOTO: The logo of Teva Read More

U.S.-China trade reprieve makes no dent on recession chances: Reuters poll

4 hours ago NAMEX Comments Off on U.S.-China trade reprieve makes no dent on recession chances: Reuters poll
BENGALURU (Reuters) – The recent truce in the U.S.-China trade war is not an economic turning point and has done nothing to reduce a significant risk that the United States could slip into recession in the next two years, a Reuters poll of economists found. FILE PHOTO: An aerial photo looking north shows shipping containers Read More

Facebook’s Zuckerberg grilled in U.S. Congress on digital currency, privacy, elections

6 hours ago NAMEX Comments Off on Facebook’s Zuckerberg grilled in U.S. Congress on digital currency, privacy, elections
WASHINGTON (Reuters) – Facebook Inc CEO Mark Zuckerberg conceded on Wednesday that the company’s planned digital currency Libra was a “risky project,” but sought to reassure skeptical U.S. lawmakers that it could lower the cost of electronic payments and open up the global financial system to more people. Sporting a suit and tie, Zuckerberg also Read More

Range Announces Third Quarter 2019 Results

8 hours ago NAMEX Comments Off on Range Announces Third Quarter 2019 Results
FORT WORTH, Texas, Oct. 23, 2019 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its third quarter 2019 financial results. Highlights – Sold 2.5% overriding royalty in southwest Appalachia leases for gross proceeds of $750 million Total asset sales of approximately $1.1 billion in the last 12 months Increased credit facility commitment from Read More

Martin Midstream Partners Reports Third Quarter 2019 Financial Results and Revised Guidance

8 hours ago NAMEX Comments Off on Martin Midstream Partners Reports Third Quarter 2019 Financial Results and Revised Guidance
Execution of Strategic Initiatives Continues with Sale of East Texas Pipeline Quarterly Distribution Coverage Ratio Above Internal Forecast Update on Structure Damage at Neches Terminal KILGORE, Texas, Oct. 23, 2019 (GLOBE NEWSWIRE) — Martin Midstream Partners L.P. (Nasdaq:MMLP) (the “Partnership”) announced today its financial results for the third quarter of 2019. Ruben Martin, President and Read More

Already a star, singer King Princess releases debut album

9 hours ago NAMEX Comments Off on Already a star, singer King Princess releases debut album
LONDON (Reuters) – Twenty-year-old singer-songwriter King Princess releases one of pop music’s most hotly anticipated debut albums on Friday, “Cheap Queen”, more than a year after she shot to stardom with a single name-checked by Harry Styles and Kourtney Kardashian. The buzz around the Brooklyn-born singer, whose full name is Mikaela Straus, has built since Read More

GLOBAL MARKETS-Sterling edges up as EU considers Brexit request; stocks flat

9 hours ago NAMEX Comments Off on GLOBAL MARKETS-Sterling edges up as EU considers Brexit request; stocks flat
NEW YORK (Reuters) – World stock indexes were flat to lower on Wednesday with a disappointing forecast from Texas Instruments dragging down chipmaker shares, while the British pound inched up as European Union leaders consider London’s request for a Brexit delay. An index of semiconductor shares .SOX was down more than 2%. Apple (AAPL.O) shares Read More

Zuckerberg reassures U.S. Congress on Facebook’s digital currency plans

11 hours ago NAMEX Comments Off on Zuckerberg reassures U.S. Congress on Facebook’s digital currency plans
WASHINGTON (Reuters) – Facebook Inc CEO Mark Zuckerberg sought to reassure skeptical U.S. lawmakers on Wednesday that the company’s planned digital currency Libra would be a force for good that could reduce costs for electronic payments and help more people participate in the global financial system. Appearing in a suit and tie before the U.S. Read More

Caterpillar cuts profit outlook as China construction sales slump

11 hours ago NAMEX Comments Off on Caterpillar cuts profit outlook as China construction sales slump
(Reuters) – Industrial bellwether Caterpillar Inc (CAT.N) reported a drop in sales in the United States and China in the third quarter, leading it to cut its outlook for the year and adding to evidence that the global economy is firmly on the decline. FILE PHOTO: Caterpillar logo is pictured at the ‘Bauma’ Trade Fair Read More

Bonanza Creek Provides Operational Update and Announces Third Quarter 2019 Conference Call

13 hours ago NAMEX Comments Off on Bonanza Creek Provides Operational Update and Announces Third Quarter 2019 Conference Call
DENVER, Oct. 23, 2019 (GLOBE NEWSWIRE) — Bonanza Creek Energy, Inc. (NYSE: BCEI) (“Bonanza Creek” or the “Company”) today provided an operations update, including preliminary third quarter 2019 results, and announced plans to host a conference call to discuss third quarter 2019 results. Highlights for the third quarter 2019 include: Average sales volumes are estimated to be Read More