10 Undervalued Energy Stocks for 2020
2019 was a tough year for energy companies, particularly oil and gas producers caught between low energy prices and investor demand for returns. 2020 may be a different story for some of the firms…
All Work
Paul Ausick
Bankruptcy Judge OKs PG&E Settlements With Victims, Insurers
Bankruptcy Judge Dennis Montali has approved PG&E's plan to compensate 2017 and 2018 wildfire victims and insurers.
10 Undervalued Energy Stocks for 2020
2019 was a tough year for energy companies, particularly oil and gas producers caught between low energy prices and investor demand for returns. 2020 may be a different story for some of the firms…
Fiat Chrysler, Peugeot Merger Has One Clear Winner
The proposed merger of equals between Fiat Chrysler and Peugeot will create the world's third-largest automaker by revenue.
Year-End Consumer Sentiment Remains Solid, Building Hopes for Continuation Into 2020
Consumer sentiment remained virtually unchanged last week according to the latest survey data from Morning Consult. This is good news heading into the new year.
Mortgage Loan Applications Slipped Last Week, Loan Rates Showed Little Movement
Applications for new mortgage loans dipped by 5% week over week according to the Mortgage Bankers Association, but remain about 10% higher than at the same time last year.
Energy Pipeline Firm Takes $4 Billion Private Equity Buyout
Energy pipeline operator Tallgrass Energy Partners has agreed to be acquired by affiliates of Blackstone for about $4 billion in cash.
PG&E Plays Its $13.5 Billion Hole Card
PG&E has filed an amended restructuring agreement with the federal bankruptcy court that strips California Governor Gavin Newsome of his authority to terminate the $13.5 billion agreement the company has struck with wildfire victims.
Could Boeing’s 737 Max Production Halt Come Back to Haunt the Company?
Late Monday afternoon, Boeing announced that it will suspend production of its 737 Max passenger jet beginning in January. The company gave no firm date for when production would resume.
America’s Top Tax Dodgers: Big Banks
About three-quarters of the Fortune 500 companies made a profit in 2018. Among those profitable companies, 91 paid no taxes at all and another 56 paid less than 5%. The statutory rate for corporate…
This Common Fruit Is Much Better for De-Icing the Roads Than Salt
Researchers at Washington State University have developed a process that makes a road de-icer from grape skins and other organic waste.
Gas Prices Continue Dropping as Christmas Holiday Nears
Gasoline prices fell again last week for the sixth consecutive drop. Crude oil prices jumped last Friday on news of a trade deal with China, but U.S. refined product inventories remain high.
$2.5 Billion Deal in Permian Basin Oil Patch Shows Surprising Strength
Oil and gas producer WPX Energy on Monday announced a deal to acquire privately held Felix Energy for $2.5 billion in cash and stock. Investors like the deal.
Will Boeing Halt or Just Slow Down 737 Max Production?
Boeing's board of directors is meeting Monday and one of the items believed to be under consideration is whether to reduce production of the grounded 737 Max jets or halt production altogether.
California Governor Squelches PG&E Reorganization Plan
California Governor Gavin Newsom on Friday rejected the bankruptcy reorganization plan PG&E submitted earlier in the week. What the governor wants is directly at odds with what the company wants to preserve.
Buying a Trump Condo Cheaper Now Than Before 2016 Election
The premium for buying a condo in a building with the Trump name on it has fallen by nearly 30%.
Permian Basin Crude Oil Production Growth Loses Steam
Permian Basin oil wells are more productive than ever before, but output is also declining at a faster pace than ever before.
Ford Recalls More Than 500,000 Pickups for Fire Risk
Ford has issued its second recall in as many weeks for some model year 2017 through 2019 versions of its popular F-Series pickups. The company has identified more than 750,000 trucks in the two…
Will California Governor Decide Who Wins the Struggle for PG&E?
One of PG&E's major bondholders, Elliott Management, on Thursday issued a response to the company's plan announced last week to compensate wildfire victims.
Broadcom Did All It Could to Lift Investors’ Animal Spirits
Chipmaker Broadcom beat estimates for both its fourth fiscal quarter and the full 2019 fiscal year. The company also lifted its dividend by 23%.