Top U.S. shale oil producer Pioneer Natural Resources Co has put its assets in the Delaware basin of Texas on the block, aiming to secure more than $2 billion for the properties, two sources familiar with the matter told Reuters on Friday. A strong rebound in crude oil prices following last year's pandemic-led crash has sparked a wave of shale consolidation and opened a window for producers to offload unwanted properties. Pioneer wants to streamline its business and reduce debt after two big acquisitions this year. In March, it sold an oilfield services business for an undisclosed amount.
AMC Entertainment Holdings Inc boss Adam Aron said the theater chain would accept ether, bitcoin cash and litecoin alongside bitcoin for ticket purchases, as cryptocurrencies gain acceptance among mainstream investors and companies.
A French appeal court on Thursday upheld a ruling by France's markets watchdog AMF against U.S. news agency Bloomberg for publishing a hoax press release, French media reported, but lowered its fine to three million euros.
Warburg Pincus LLC is seeking to raise $16 billion from investors for its latest flagship global private equity fund, its biggest ever, according to people familiar with the matter.
Rivian, the Amazon.com Inc-backed electric vehicle maker that registered last month for a stock market debut, is aiming to raise between $5 billion and $8 billion with the listing, making it one largest U.S. initial public offerings of recent years, according to people familiar with the matter.
Shares of Roger Federer-backed On Holding AG jumped more than 47% in their debut on the New York Stock Exchange on Wednesday, valuing the shoemaker at about $11.35 billion.
China Evergrande Group has raised fresh warnings of default risks amid late payments to wealth management and trust products.
Shares in U.S. casinos with operations in Macau fell on Tuesday, with Las Vegas Sands Corp down 12.3% and Wynn Resorts Ltd down 12.4% on concerns about stiffer regulations there and a COVID-19 outbreak.
Pacaso, a property co-ownership sales and management platform launched only about a year ago, said on Tuesday it raised $125 million in a funding round led by SoftBank Group Corp's Vision Fund 2 which valued the company at $1.5 billion.
With mere months until the official opening, EXPO 2020 Dubai promises to be one of the world's most inclusive events, and expected to attract over 25 million visitors during the course of its 178-day run. More than 190 countries have pledged to take part on a site that covers 4.3sq km and even houses two metro stations.
A U.S. judge on Monday approved up to $7.1 million in bonuses for five executives of Purdue Pharma, the bankrupt maker of OxyContin, at a hearing at which he faced blunt criticism for his handling of the case from a woman whose son died of an opioid overdose.
A U.S. Securities and Exchange Commission investigation into the SolarWinds Russian hacking operation has dozens of corporate executives fearful information unearthed in the expanding probe will expose them to liability, according to six people familiar with the inquiry.
U.S. producer prices increased solidly in August, leading to the biggest annual gain in nearly 11 years, suggesting that high inflation is likely to persist for a while as the unrelenting COVID-19 pandemic continues to pressure supply chains.
GameStop Corp, at the center of this year's "meme stock" trading frenzy, on Wednesday reported a 25% jump in quarterly sales but failed to lay out fresh details about how it plans to refashion itself into a gaming and entertainment retailer.
Microsoft Corp said on Thursday it will no longer target a specific date for reopening all of its U.S. offices and instead will reopen each site based on whether it meets a set of company criteria and local health guidelines.
