Baker Hughes-GE Partnership: DOJ Requests More Information
Based on Baker Hughes’s implied volatility, its stock will likely close between $59.60 and $55.82 in the next seven days.
On March 6, Baker Hughes said that it received an additional information request from the DOJ regarding its pending partnership with GE.
AMD expects to gain $50 million from this licensing in fiscal 2017.
While the Dodd-Frank Act was passed to avoid another financial crisis, it has crippled banks’ profitabilities over the years due to higher capital requirements.
Avago-Broadcom merger Broadcom (AVGO) is facing regulatory scrutiny for its Brocade Communications Systems (BRCD) merger. It isn’t its first merger to face legal concerns. In the Avago-Broadcom merger, the combined company…
The Broadcom-Brocade merger Broadcom’s (AVGO) aggressive acquisition strategy has made it a market leader in the connectivity space. The latest on its acquisition list is Brocade Communications Systems (BRCD). RBC…
Freeport-McMoRan and the Indonesian government have economic interests in keeping the Grasberg mine running.
Freeport’s geographical production mix is expected to change in 2017. It expects to ship 1.5 billion pounds of copper from its North American mines.
Freeport has missed consensus earnings estimates in the last two quarters, mainly due to lower copper and gold production from the Grasberg mine.
Earlier this year, Freeport’s Indonesian export permit expired. The Indonesian government is revising its guidelines for exporting unprocessed ore.
Earlier this year, Freeport-McMoRan’s Indonesian export permit expired, and it hasn’t been able to export copper concentrates since January 12, 2017.
The last three years have been full of turmoil for Freeport-McMoRan’s (FCX) Indonesian operations.
As of February 12, 2017, Freeport-McMoRan is barred from exporting copper ore from the Grasberg mine in Indonesia.
Apple (AAPL) has stopped selling Withings fitness products in its stores. Withings was acquired by Nokia early in 2016 for $191.0 million.
On January 26, Tidewater (TDW) received limited waivers regarding covenants on borrowing from its principal lenders until March 3, 2017.
Some Wall Street analysts are of the opinion that the US FTC could soon withdraw its case, as the Trump administration could appoint a majority of Republicans to the FTC.
In December 2016, the KFTC (Korea Fair Trade Commission) imposed a fine of $853 million on Qualcomm as it found the chip supplier’s licensing practices to be monopolistic.
Qualcomm (QCOM) and some analysts believe that Apple is behind this legal attack, as the handset maker is a key example in all three lawsuits.
President Trump signed executive orders to advance key pipeline projects. He signed executive orders to revive TransCanada’s Keystone XL pipeline.
British Columbia approved Kinder Morgan’s (KMI) Trans Mountain Pipeline expansion project on January 11, 2017.