15
Mar
09

Commercialism & the Western Way

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  • Oil prices finish higher after news of Saudi pledge to cut exports, Nigeria plans to cap output July 24, 2017
    Oil finished higher Monday for the first time in three sessions. Prices got a boost following news that Saudi Arabia has pledged to cut its crude exports starting next month and Nigeria agreed to cap its output once it has climbed to 1.8 million barrels a day, according to The Wall Street Journal. September WTI crude rose 57 cents, or 1.3%, to settle $46.34 […]
  • Alphabet adds Google CEO Sundar Pichai to board July 24, 2017
    Alphabet Inc. announced Monday that is has added Google Chief Executive Sundar Pichai to its board. In a reorganization two years ago that created the Alphabet umbrella corporation, Google cofounder Larry Page became the CEO of Alphabet and Pichai rose to lead the most important Alphabet asset, Google. Since then, Pichai has become one of the most prominent […]
  • CFRA sticks with hold rating on Arconic, citing uncertainty about CEO search, Grenfell Tower liability July 24, 2017
    CFRA said Monday it is sticking with a hold recommendation on shares of Arconic Inc. , after the spinoff from Alcoa Inc. reported second-quarter earnings. Analyst Matthew Miller said his 12-month price target of $27 implies an EV/EBITDA multiple of 9.0 times his 2017 EBITDA view, a discount to peers that trade at an average forward EV/EBITDA of 9.3 times. Th […]
  • Gold settles with a slight loss, ending its streak of gains July 24, 2017
    Gold prices saw a small loss Monday--enough to put an end to their six-session streak of gains. Prices turned lower as U.S. dollar added to earlier strength, with the ICE U.S. Dollar Index up 0.2% at 94.03, near the session's high of 94.12, as gold prices settled. A stronger dollar often pressures prices for gold that's traded in the greenback. Aug […]

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