Chevron Drops Bid for Anadarko Petroleum-Stock Jumps 3 Percent
Chevron Corp Drops bid for Anadarko 5.10.19
Chevron drops bid for Anadarko after Occidental raises bid
HOUSTON (Reuters) – Chevron Corp abandoned its takeover bid for Anadarko Petroleum Corp on Thursday, outmaneuvered by Occidental Petroleum Corp’s higher, $38 billion offer that included more than three times as much cash.
reuters.com/chevron-drops-bid-anadarko-takeover
Chevron Actually Wins by ‘Losing’ the Contest to Buy Anadarko Petroleum
Sometimes, a loss is really a win. Investors are clearly pleased that Chevron looks like it has missed out on the chance to buy Anadarko Petroleum .
The oil-and-gas company has said it prefers a bid by Occidental Petroleum (OXY) to Chevron’s (CVX) original offer. Chevron stock closed up 3.1% on Thursday—on a down day for the market […]
barrons.com/chevron-anadarko-occidental
Calm Before the Storm as Trade Tariffs Kick In
Trump's infamous 25% tariffs have gone into play on all $540 billion worth of goods imported from China. This is all very theatrical, as Trump wants to be dramatic to “send a message.”
In response to the tariff hike, China immediately said in a statement “it deeply regrets the tariff hikes and that it will be forced to take counter measures against the U.S. actions.”
realmoney.thestreet.com/new china-trade-tariffs
Here's why global stocks aren't sinking despite the US tariff hike
A global stock market sell-off started to ease on Friday despite the U.S. fulfilling a promise to ramp up tariffs on Chinese goods.
The U.S. hiked tariffs from 10% to 25% on $200 billion worth of Chinese goods at 12:01 a.m. ET Friday. In response, Beijing said it “deeply regrets” the tariff hike and would take countermeasures — though no specifics were provided.
Markets across the globe initially fell overnight but were quick to bounce back and trade higher.
