Bloomberg Big Oil’s Secret World of Trading (Bloomberg Markets) — It was a bleak moment for the oil industry. U.S. shale companies were failing by the dozen. Petrostates were on the brink of bankruptcy. Texas roughnecks and Kuwaiti princes alike had watched helplessly for months as the commodity that was their lifeblood tumbled to prices that had until recently seemed unthinkable. Below $50 a barrel, then below $40, then below $30.But inside the central London headquarters of one of the… Source link

TipRanks 2 “Strong Buy” Penny Stocks That Could Go Boom Arguably the most controversial on the Street, penny stocks are a hot-button issue. Usually, there isn’t a lot of middle-ground with respect to these tickers priced for less than $5 apiece. Dividing market watchers into two distinct groups, both sides present valid arguments laying out the pros and cons. Sure, there is reason enough to be skeptical. Often, a cheap stock is cheap for a reason, with the low share price potentially… Source link

Bloomberg Coca-Cola Considers Options for $6 Billion Africa Unit (Bloomberg) — Coca-Cola Co. is weighing options for its bottling business in Africa, including a sale or initial public offering, according to people familiar with the matter.The soft drinks giant holds 66.5% of Coca-Cola Beverages Africa and is speaking with potential advisers about its exit options, the people said, asking not to be named as the details aren’t public. A sale or IPO of the stake could value the African… Source link

FILE PHOTO: The Google sign is shown on one of the company’s office buildings in Irvine, California, U.S., October 20, 2020. REUTERS/Mike Blake/File Photo WASHINGTON (Reuters) – Lawyers for Alphabet’s Google and the government tangled on Tuesday over how many documents related to the Justice Department’s antitrust lawsuit against the search and advertising giant should be turned over, and how fast. In a status conference before Judge Amit Mehta of the U.S. District Court for the District… Source link

HOUSTON – Google is expected to complete its first Houston office in May, according to InnovationMap. The 12,000 square-foot building, which will be a regional hub for Google Cloud’s sales team, is located in the One Buffalo Heights building at 3663 Washington Ave. The tech giant hasn’t announced how many people will be employed or how many employees will work in the office. According to reports, Google usually hires roughly 60 to 70 employees for its buildings. “Houston is a hub for… Source link

Google’s in-house incubator, Area 120, is today releasing its latest project called Stack, an app that will help you digitize your documents, receipts and other papers you have lying around the house, and then automatically save them to Google Drive. The app will also helpfully suggest a name for your scans and the right category — or “stack,” as it’s called. At launch, Stack can handle scanning a range of differently sized documents — like bills, shopping receipts or even… Source link

The phrase “historically bad” has become a regular part of sports parlance and gets used far too often, but the 2021 Buffalo Sabres fit that description to a tee. Buffalo lost its 18th consecutive game on Monday, blowing a 3-0 lead to the Philadelphia Flyers before falling 4-3 in overtime.  We’ve covered the Sabres’ descent to rock bottom pretty extensively, and it’s been quite a ride. The Buffalo News intentionally ranked the Sabres 32nd in a 31-team league, Eric Staal could barely hide how… Source link

Google, U.S. government tangle over pre-trial document production FILE PHOTO: The Google sign is shown on one of the company’s office buildings in Irvine, California, U.S., October 20, 2020. REUTERS/Mike Blake/File Photo U.S. Legal News Reuters Staff WASHINGTON (Reuters) – Lawyers for Alphabet’s Google and the government tangled on Tuesday over how many… Source link

FILE PHOTO: The Google sign is shown on one of the company’s office buildings in Irvine, California, U.S., October 20, 2020. REUTERS/Mike Blake/File Photo WASHINGTON (Reuters) – Lawyers for Alphabet’s Google and the government tangled on Tuesday over how many documents related to the Justice Department’s antitrust lawsuit against the search and advertising giant should be turned over, and how fast. In a status conference before Judge Amit Mehta of the U.S. District Court for the District… Source link

Bloomberg One of World’s Greatest Hidden Fortunes Is Wiped Out in Days (Bloomberg) — From his perch high above Midtown Manhattan, just across from Carnegie Hall, Bill Hwang was quietly building one of the world’s greatest fortunes.Even on Wall Street, few ever noticed him — until suddenly, everyone did.Hwang and his private investment firm, Archegos Capital Management, are now at the center of one of the biggest margin calls of all time — a multibillion-dollar fiasco involving secretive… Source link