Chevron Plans to Return $80 Billion to Shareholders Over Five Years

Chevron Plans to Return $80 Billion to Shareholders Over Five Years

As era of oil is gradually ending, Chevron on Tuesday revealed plans to pay out as much as $80 billion in dividends and share buybacks over the next five years despite the recent sharp decline in oil prices that inevitably will...
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Morgan Stanley Buys E-Trade For $13 Billion

Morgan Stanley Buys E-Trade For $13 Billion

Tired of being outmaneuvered by its formidable longtime rival, Goldman Sachs, Morgan Stanley has epically one-upped the Vampire Squid with a deal to buy E*Trade Financial Corp. in what would be the largest takeover by major US bank since the...
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Franklin Resources To Purchase Legg Mason, Forming $1.5 Trillion AUM Giant

Franklin Resources To Purchase Legg Mason, Forming $1.5 Trillion AUM Giant

Franklin Resources To Purchase Legg Mason, Forming $1.5 Trillion Assets Under Management Giant Franklin Resources Inc. announced Tuesday that it has entered into a definitive agreement to acquire Legg Mason, Inc. for $50 per share, or about $4.5 billion, in...
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T-Mobile Wins Court Approval for $26.5 Billion Sprint Deal

T-Mobile Wins Court Approval for $26.5 Billion Sprint Deal

T-Mobile US Inc. won court approval for its $26.5 billion takeover of Sprint Corp., defeating a state-led lawsuit that sought to block the industry-altering wireless deal. Shares of Sprint soared 66% to $7.95. The decision by a district judge in Manhattan...
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Chevron loses $6.6B after huge writedown of North American shale

Chevron loses $6.6B after huge writedown of North American shale

Chevron posted a massive fourth-quarter loss after taking $10.4 billion worth of writedowns related to North American shale projects. The San Ramon, California-based oil giant lost $6.6 billion, or $3.51 a share, in the three months through December as reve...
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General Electric Is Considering Sale of Steam Turbine Unit to Raise Cash

General Electric Is Considering Sale of Steam Turbine Unit to Raise Cash

General Electric (ticker: GE) shares fell as a report said the industrial giant plans to explore a sale of its steam-turbine power business. Desperate GE is weighing whether to sell its hopeless steam-turbine unit as CEO Larry Culp mulls ways to raise...
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US Spy Plane Bombardier E-11 BACN Crashed In Taliban Controlled Area Of Afghanistan

US Spy Plane Bombardier E-11 BACN Crashed In Taliban Controlled Area Of Afghanistan

Airliner crash originally reported by Afghan media now appears to be a USAF spy aircraft. Wreck of plane crashed today in Afghanistan looks like to be a USAF Bombardier Global Express 6000 / E-11A “BACN” (Battlefield Airborne Communications Node). ...
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Trump Threatens to Slap 25% Tariffs on European Cars if No US-EU Trade Deal

Trump Threatens to Slap 25% Tariffs on European Cars if No US-EU Trade Deal

The Trump administration has long accused the EU of too much positive trade balance surplus and has clashed with its trans-Atlantic allies over state subsidies to manufacturers and taxes on US tech companies. Donald Trump on Wednesday renewed his threat...
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US federal budget deficit surpassed $1 TRILLION in 2019

US federal budget deficit surpassed $1 TRILLION in 2019

US federal budget deficit surpassed $1 Trillion in 2019, reaching 7-year high. The US government budget deficit for the calendar year that ended in December topped $1 trillion for the first time since 2012, according to US Treasury Department data released...
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This Plane Was Designed By Clowns, Who Are Supervised By Monkeys

This Plane Was Designed By Clowns, Who Are Supervised By Monkeys

This Plane Was Designed By Clowns, Who Are Supervised By Monkeys – reveals internal e-mails written by Boeing employees.  In recent weeks, a series of reports claiming Boeing neglected to turn over critical information to the FAA regarding the developme...
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FAA confirms new potentially catastrophic issue with Boeing 737 MAX wiring

FAA confirms new potentially catastrophic issue with Boeing 737 MAX wiring

The US Federal Aviation Administration (FAA) and plane manufacturer Boeing have confirmed a full review is underway into a wiring issue that could cause a ‘potentially catastrophic’ short circuiting on 737 MAX 8 aircraft. It comes as the aircraft t...
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Airbus Deliveries Soar To Record High As Boeing’s Fades

Airbus Deliveries Soar To Record High As Boeing’s Fades

A new report from Reuters specifies how Airbus locked in a record number of aircraft deliveries in Dec. to exceed full-year delivery targets while outshining troubled Boeing in becoming the world’s top planemaker. By midnight on New Year’s Eve, A...
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Boeing fires CEO Dennis Muilenburg after disastrous year

Boeing fires CEO Dennis Muilenburg after disastrous year

Boeing fires top boss and Aviation Week & Space Technology’s Person of The Year Dennis Muilenburg over failure to deal with 737 MAX crisis. US planemaker Boeing has replaced its CEO Dennis Muilenburg after the company faced a series of...
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Secretary of The Treasury Steven Mnuchin Why $1.5 Trillion Cash Have Disappeared

Secretary of The Treasury Steven Mnuchin Why $1.5 Trillion Cash Have Disappeared

Maybe as some kind of Christmas gifts $1.5 Trillion In $100 Bills Have Disappeared from circulation. Last week we reported that something strange was going on at the same time that central banks are injecting $100 billion each month in electronic money to.....
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Chevron’s $11 Billion Impairment

Chevron’s $11 Billion Impairment

From Chevron’s press release: “As a result of Chevron’s disciplined approach to capital allocation and a downward revision in its longer-term commodity price outlook, the company will reduce funding to various gas-related opportunities including Appa...
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