Breaking

 
  • Report: Kraft Heinz interested in Campbell Soup buyout

    Kraft Heinz (NASDAQ:) is quite (NYSE:), expecting a sales process to start soon, the New York Post reports. An internal review that Campbell expected to discuss in late August is likely to wrap up with some kind of resolution planned, Post sources said: “It could be splitting or selling the company … It has got to be something that is […]

     
     
  • Tesla -3% as analyst questions company data on rise in services costs

    Tesla ( -3.1%) tumbles after Bernstein analyst Toni Sacconaghi about how the company may be allocating its expenses across different businesses. Sacconaghi wonders how TSLA‘s gross profit margin for its Services and Other segment in Q1 2018 from +5% in its Q3 2016 report when the company‘s data points to a buildout in services infrastructure for the cost increase without […]

     
     
  • Cheniere Energy reiterated a Buy at Stifel on CPC gas deal

    Cheniere Energy ( +4.6%) is reiterated with a at Stifel with an $80 price target, raised from $75, after CPC Corp. of Taiwan announced a Heads of Agreement to buy 2M metric tons/year of liquefied natural gas for 25 years. While HOA is not a binding agreement and Cheniere has not made a formal announcement about the deal, it is […]

     
     
  • PG&E finishes higher as $2.5B fire charge does not prompt cash raise

    PG&E (NYSE:) gained 1.3% in today‘s trade even after announcing it would in Q2 due to last year‘s fires in northern California, as the company said it , including raising equity. Analysts also said PG&E’s initial estimate for charges was within expectations and – at least so far. The $2.5B charge does not include the most devastating fires, says Goldman […]

     
     
  • Bombardier commits millions to establish Toronto aerospace hub

    Bombardier (, ) says it will for various projects including $1.5M for the Toronto Aeromaterials Research Center to support work on aircraft noise reduction, advanced cabin development and other manufacturing research. The company also pledges nearly $1M towards the Downsview Aerospace Innovation and Research Consortium’s Innovation Center, $1M over five years towards the creation of two Aerospace Research Centers with […]