Insurer Allstate to buy National General for about $4B

Fox Business Flash top headlines for July 7 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. Allstate Corp said on Tuesday it will buy National General Holdings Corp for about $4 billion in cash as the U.S. insurer looks to expand its market share in personal lines insurance business. Continue Reading Below National General's shareholders […]

Read more

Mexico's Pemex plans $22.4 billion debt swap

MEXICO CITY (Reuters) – Mexico’s Petroleos Mexicanos said on Tuesday it will offer a swap for $22.4 billion worth of bonds maturing between 2027 and 2060 as the state oil firm seeks to manage its massive debt load. The company, known as Pemex, which had financial debts of nearly $105 billion at the end of March, announced the swap in […]

Read more

Asia Stocks Set for Mixed Open After U.S. Declines: Markets Wrap

Asian stocks looked set for a mixed start Wednesday after their U.S. peers declined on renewed concerns over the epidemic’s economic impact. The dollar climbed and Treasuries gained. Futures dipped in Japan and Australia, and rose in Hong Kong. Contracts on the S&P 500 were steady after the gauge closed about 1% lower, with almost six shares falling for every […]

Read more

Southwest, Delta, United, Alaska, JetBlue finalize coronavirus loan terms: Treasury

Major airlines, US Treasury agree to loan terms under CARES Act Five major airlines have agreed to loan terms with the U.S. Treasury in a coronavirus bailout deal. WASHINGTON (Reuters) – Five additional U.S. air carriers – Alaska Airlines, Delta Air Lines, JetBlue Airways, United Airlines and Southwest Airlines – plan to seek federal loans amid the novel coronavirus outbreak, the U.S. Department of Treasury […]

Read more

Breakingviews – Japanese bond market shift spells stronger yen

LONDON (Reuters Breakingviews) – Success lies in the eyes of the beholder. Bank of Japan Governor Haruhiko Kuroda is pursuing a policy of yield-curve control, which he defines as keeping 10-year government bond yields tethered near zero. He is hitting his target but may nevertheless saddle his country with an economic headache. Yields on Japanese bonds maturing between two and […]

Read more

Bond Investors Struggle to See Reasons to Be Upbeat About U.K.

Investors are so worried about the U.K.’s prospects that they’re ignoring the recent uptick in the economy and betting on an extended period of weakness. They’ve piled into havens, driving government bonds to record highs. Yields are close to those in Japan, an economy mired in low growth and high debt levels for the last two decades. And traders are […]

Read more

Grim Day for Pipelines Shows They’re Almost Impossible to Build

To be an energy superpower, U.S. oil and natural gas requires a suitably gargantuan pipeline network that stretches for millions of miles. The country’s ability to expand that infrastructure is being tested like never before. In the span of less than 24 hours, a court ordered the Dakota Access crude oil pipeline to shut down and the developers of the […]

Read more

ETFs tracking the work-from-home boom: Just a fad or here to stay?

Thanks to a swelling resurgence in coronavirus cases, the vast majority of Americans are still being forced to work from home and will likely continue doing so for the foreseeable future. So, it was only a matter of time before issuers started orchestrating work-from-home plays in the form of ETFs. Just two weeks ago, Direxion launched the world's first work […]

Read more
1 2 3 1,069