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General Electric seeks to expand investments, launch renewable projects in Egypt.
More from Middle East North Africa Financial Network (MENAFN): 02/26/2020 11:12
Chesapeake 2020 oil output plan disappoints, shares slide.
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MarketWatch 02/26/2020 11:02
Shares of Chesapeake Energy Corp. tumbled 13.3% toward a record low in morning trading Tuesday, after Chief Executive Doug Lawler said plans were being made for a reverse stock split in response to price at "very low levels." The comments came in the conference call with analysts following the energy and gas companies fourth-quarter results, in which losses were narrower than expected but revenue fell more than forecast. "[W]hile we have stock prices fall into very low levels, we will commence actions to reverse split the number of shares with the filing of the proxy in a few weeks," Lawler said, according to a FactSet transcript. Lawler also said "the challenging macro pricing environment" has "further deteriorated" in recent weeks, causin.
More from MarketWatch: 02/24/2020 19:00
At the end of 2019 the company announced a $20 billion CAPEX budget for 2020 and that it was considering strategic alternatives, including divestment, for “gas-related opportunities including Appalachia shale, Kitimat LNG, and other international projects.
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Food Ingredients First 02/20/2020 19:00
In brief: Acquisitions Highlander Partners, a middle market private equity firm based in Texas, US, has acquired a majority stake in SanoVita.
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Business Wire 02/20/2020 09:00
Over the past eight years DuPont has received 13 R&D 100 Awards and been named as a finalist 17 times.
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FP Trading Desk (Canada) 02/17/2020 10:37
Dec. 12, 2018 – Alstom and Siemens agree to submit measures to the European Commission to reduce their combined sales by more than half a billion euros in a bid to get their planned rail merger approved.
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