Explore stories from Atlantic Canada.
- Exxon Mobil is in advanced talks to acquire Pioneer Natural Resources in a deal that could value the Permian shale basin producer in the region of $60 billion, people familiar with the matter said on Thursday.
The acquisition would expand Exxon's footprint in one of the most lucrative areas of the U.S. oil patch. Pioneer is the third-largest producer of oil in the Permian basin after Chevron Corp and ConocoPhillips. If the negotiations conclude successfully, an agreement could be reached in the coming days, the three sources said, asking not to be identified because the matter is confidential.
Spokespeople for Exxon and Pioneer declined to comment. The Wall Street Journal first reported on Thursday that a deal is imminent.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exchange Income Corp. buys DryAir Manufacturing for $60 million in cash and sharesWINNIPEG — Exchange Income Corp. says it has acquired DryAir Manufacturing Corp. for $60 million in cash and shares. Under the deal, EIC paid $15 million in shares and $45 million in cash. Founded in 1994, DryAir manufactures heating systems to a variety of industries in North America. The company’s head office and manufacturing facilities are in St. Brieux, Sask. EIC chief executive Mike Pyle says DryAir has a strong management team, company culture, industry reputation and growing cash flows.
Read more »
Exchange Income Corp. buys DryAir Manufacturing for $60 million in cash and sharesWINNIPEG — Exchange Income Corp. says it has acquired DryAir Manufacturing Corp. for $60 million in cash and shares. Under the deal, EIC paid $15 million in shares and $45 million in cash.
Read more »
Investors await Friday's job report, oil prices, Walmart sees Ozempic impact: The RundownEconomists predict Friday's job report won't be enough to change the Federal Reserve's rate path. The report will be released Friday at 8:30 a.m. ET. Exxon Mobil (XOM) expects to see a more than $1 billion bump in profits in the third quarter thanks to the rise in oil prices. Walmart (WMT) is blaming Ozempic and the increasing popularity of weight loss drugs for a 'slight change' in shopping habits, with the retailer seeing less food in shopping carts. Yahoo Finance anchors Seana Smith and Brad Smith run down several of this morning's top news stories, live from the Nasdaq MarketSite. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Read more »
Millennium in Talks to Invest Billions With Rival Schonfeld(Bloomberg) -- Izzy Englander’s Millennium Management is in discussions to invest billions of dollars with Schonfeld Strategic Advisers as part of a partnership deal, according to people familiar with the matter.Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsWall Street Fear Gauge Ratchets Up After Jobs Data: Markets WrapKevin McCarthy Ousted as US House Speaker by Republican DissidentsWhy a US Recession Is Still Likely — and Coming SoonAirbnb Is Fundamentally
Read more »
LILLEY: Trudeau Liberals urge private talks as India boots diplomatsAfter the prime minister accused India of being linked to the slaying of a Canadian, the Liberals now say diplomacy is best done in private.
Read more »