Financial services provider State Street Corp. (STT) announced Wednesday that it has mutually agreed with Brown Brothers Harriman & Co. (BBH), a financial services firm, to terminate its proposed acquisition of BBH’s Investor Services business. The decision was taken after it became clear that State Street will be unable to obtain necessary approvals from its regulators for the agreed deal. […]

video Biden warns energy companies not to raise gas prices in wake of Hurricane Ian President Biden warned oil and gas companies Wednesday not to use Hurricane Ian as an “excuse” to raise gas prices. President Biden issued a direct warning to energy company executives, threatening to investigate any price gouging in the aftermath of Hurricane Ian. Major oil producers, […]

video Russia has ‘complete leverage’ over energy battle in Europe: Military expert Defense Priorities senior fellow Lt. Col. Danny Davis tells ‘Cavuto: Coast to Coast’ it will be tough for the West to maintain unity in Ukraine once winter starts and energy prices rise. Lights on the Eiffel Tower will soon be turned off more than an hour earlier at […]

Footprint, a privately held firm focusing plant-based biodegradable products, and Gores Holdings VIII, Inc., an affiliate of The Gores Group (GRSHU), on Tuesday said that considering current market movements, the companies have agreed to slash the pro forma enterprise value of the combined firm Footprint to $1 billion, from $1.6 billion. The companies also announced the receipt of additional capital […]

video Biden admin pushing green energy on ‘zero-sum basis’: Market expert The Schork Group principal Stephen Schork argues Biden’s renewable energy push away from fossil fuels drives up gas prices and inflation. First Solar announced plans Tuesday to invest up to $1.2 billion for scaling up its U.S. solar panel production. Up to $1 billion will go toward building a […]

video FOX Business Flash top headlines for July 28 Check out what’s clicking on FoxBusiness.com. Ukraine will double its energy exports to Europe as European Union nations cope with an energy standoff with Russia amid an international gas crisis.  The European association for the cooperation of transmission system operators (ENTSO-E) confirmed Wednesday it would increase its electricity imports from Ukraine […]

video Gas prices starting to show US in ‘mild recession’: Oil analyst The Schork Group principal Stephen Schork argues ‘the more severe the recession is, the greater that pull on price will be.’  The Schork Group principal Stephen Schork warned Monday that the United States is experiencing a "mild recession" and the "pull" on energy prices will be greater as […]

Branded food company General Mills, Inc. (GIS) Wednesday announced that it has entered into a definitive agreement to acquire TNT Crust, a manufacturer of frozen pizza crusts for regional and national pizza chains, foodservice distributors, and retail outlets. The financial terms of the deal were not disclosed. As part of the acquisition, General Mills will also acquire two manufacturing facilities […]

International Game Technology PLC (IGT) announced Monday that it has entered into a definitive agreement to acquire iSoftBet, an igaming content provider and third-party game aggregator, for around 160 million euros in cash. The acquisition is expected to be completed during the second quarter of 2022, subject to the satisfaction of customary closing conditions. The iSoftBet portfolio contains around 125 […]

Biden oil lease program giving away 50K jobs, 500K barrels American Petroleum Institute Senior Vice President Frank Macchiarola details a study that found Biden’s five-year offshore oil and gas lease programs cost the U.S. the same amount of oil imported from Russia before its invasion of Ukraine. American Petroleum Institute Senior Vice President Frank Macchiarola slammed President Biden for outsourcing […]