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Woodside shareholders approve BHP petroleum merger
BRISBANE (Reuters) -Woodside Petroleum's shareholders on Thursday voted for a merger with BHP Group's petroleum arm to create a summit 10 global independent oil and gas producer worth $40 billion, according to a vote count at the company'southward annual meeting. The merger, agreed last Baronial, advances top global miner BHP's endeavor to move abroad from fossil fuels, as it looks to decarbonise, while doubling Woodside'south oil and gas production and beefing upwards its funding for growth. "The merger is an opportunity for Woodside to increase its contribution to the globe's growing free energy needs and build the scale, resilience and diversity to thrive through the free energy transition," Chief Executive Officer Meg O'Neill told shareholders.
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Kohl'due south loses two senior executives equally it looks for a heir-apparent
Kohl'southward said that Chief Marketing Officer Greg Revelle would be departing from the company in June, while Chief Merchandising Officer Doug Howe would leave effective immediately. The U.S. section store chain said in an emailed statement that Revelle and Howe are leaving the company to pursue other opportunities and that a search for their replacements is already underway. Over the past few months, activist investors Macellum Advisors GP LLC and Engine Capital letter LP have called on Kohl's to sell itself.
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Malaysia's biggest telcos seek majority pale in 5G agency - certificate
KUALA LUMPUR (Reuters) -Malaysia's four largest telecommunications firms are seeking a majority stake in a country 5G agency, countering a proposal past the regime to offer them minority ownership, co-ordinate to a letter sent past the firms to the finance ministry. The four ascendant providers - Celcom Axiata Bhd, DiGi Telecommunication, Maxis Bhd and U Mobile - also want a review of the pricing model and network access programme offered by the agency, co-ordinate to the May 9 alphabetic character seen by Reuters. Their objections to the government's proposal, which offered upwards to 70% of the country's sole 5G network operator spread amongst a wider group of companies, raise the risk of delays as the government aims to wrap up discussions on the stake sales by end-June.
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Newly Formed REIT Sets Its Sights On Single-Family unit Homes
The multibillion-dollar alternative investment platform NexPoint is increasing its exposure in the single-family rental market through a newly formed real estate investment trust (REIT) in partnership with HomeSource Operations. In a statement Thursday, NexPoint said the new REIT has an existing portfolio of more than than one,000 homes, which it expects to grow to several thousand homes past the end of the year. Bloomberg reported that NexPoint is seeding the REIT with $250 million in equity and debt, a
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The Indexes Are No Longer Covering Up How Bad This Market Really Is
The market place ignored poor earnings and guidance from Walmart on Tuesday as force in technology stocks encouraged traders that were looking for a sustained counter-trend bounce. Bids totally disappeared, and the indexes suffered their worst action of the yr. Pundits in the business concern media proclaimed that this is some of the worst action that they have seen, just if nosotros dig a chip deeper, it appears that it was large-cap stocks and the indexes that suffered to a much greater caste than many secondary stocks.
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Bull Marketplace Near-Death Experiences Are Weirdly Common in History
(Bloomberg) -- It could only matter to a statistician: the South&P 500'due south late-day bounce kept it from closing 20% below its last record, averting the most curmudgeonly definition of a acquit marketplace. For now.Most Read from BloombergOne of the World'due south Frothiest Housing Markets Turned Into a Seller's Headache OvernightElon Musk Gets Defensive Over Twitter Meme as Harassment Report SurfacesStocks Avert Bear Market, Slide for Seventh Week: Markets WrapApple Shows AR/VR Headset to Lath in Sign of Progress
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Commodities Startup Is Betting on Onetime-School Trading Going Digital
(Bloomberg) -- The sometime-schoolhouse world of commodities trading is staring at a digital future, according to team of manufacture veterans and heavyweights looking to bring physical crop deals online.Most Read from BloombergTarget and Walmart'southward Deep Pain Could Be Your GainWalmart Flashes a Alert Sign to the Entire Consumer EconomyPlotkin Shuts Melvin Hedge Fund Reeling From Redditor AttackStocks Suffer Steepest Rout in Almost Two Years: Markets WrapChina in Talks With Russia to Buy Oil for Strategic Re
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Assay-Tesla brand threatened by Musk harassment claim, criticism of Democrats
Elon Musk has made a name for himself and Tesla by breaking the rules, but the billionaire'south latest comments on politics and a merits of sexual harassment against him that he said is untrue may hurt the brand in the optics of some car owners and employees. The previous day, the Tesla chief executive, in the midst of a contentious endeavour to buy Twitter Inc, said he would now vote Republican instead of Democrat and chosen the Democrats a "party of partition and detest." Tesla as well was cutting this week from the widely followed South&P 500 ESG Index, which an index executive said was due to issues including claims of racial discrimination inside the company and crashes linked to its vehicles.
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Dimon Sets Out to Win Back JPMorgan Shareholders After Stock Slide
(Bloomberg) -- Inside JPMorgan Chase & Co., senior executives are counting on an investor twenty-four hours to redeem themselves from a routine Jan conference call now widely viewed as disastrous.Most Read from BloombergOne of the World's Frothiest Housing Markets Turned Into a Seller's Headache OvernightElon Musk Gets Defensive Over Twitter Meme as Harassment Report SurfacesStocks Avert Bear Market, Slide for 7th Week: Markets WrapApple Shows AR/VR Headset to Lath in Sign of Progress on Fundamental Project
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Stock Alarms Ring Louder equally Leveraged Firms Defy Credit Warnings
(Bloomberg) -- Believe information technology or not, companies with fragile remainder sheets are still beating their stronger peers in the stock market, even equally the leverage cycle unravels in the world of corporate bonds.About Read from BloombergOne of the World's Frothiest Housing Markets Turned Into a Seller's Headache OvernightElon Musk Gets Defensive Over Twitter Meme as Harassment Study SurfacesStocks Avert Bear Market, Slide for Seventh Calendar week: Markets WrapApple Shows AR/VR Headset to Board in Sign of Progress o
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Microsoft Hires Chief Product Officer for Parts of Security Unit
(Bloomberg) -- Microsoft Corp. hired a new chief production officer for some of its security and direction products every bit security main Charlie Bell begins revamping the company's cybersecurity product divisions. About Read from BloombergOne of the World'south Frothiest Housing Markets Turned Into a Seller'due south Headache OvernightElon Musk Gets Defensive Over Twitter Meme as Harassment Report SurfacesStocks Avoid Bear Market, Slide for Seventh Week: Markets WrapApple Shows AR/VR Headset to Board in Sign of P
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Musk says 'Tesla is on my mind 24/seven' amid concerns near Twitter distraction
Tesla CEO Elon Musk said on Th that "Tesla is on my mind 24/7," trying to soothe investor worries most him being distracted by a Twitter deal that has depressed stocks at the electric car visitor. Posting a picture showing a woman (Tesla) who is upset past her boyfriend (Elon) checking out some other woman (Twitter), he said, "And then may seem similar below, simply non truthful." Tesla this twelvemonth opened its new auto factory in Texas, and Musk's rocket company SpaceX has a launch site known equally Starbase in Boca Chica, Texas.
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Source: https://finance.yahoo.com/news/jim-cornelison-return-sing-back-145900192.html
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