Wednesday, March 12

Tag: dealing

Williams Cos. to Buy Gulf Coast Natural Gas Storage Portfolio for $1.95 Billion
28Dec By adminNo Comments
World

Williams Cos. to Buy Gulf Coast Natural Gas Storage Portfolio for $1.95 Billion

Energy infrastructure company Williams Cos.has inked a deal to buy a portfolio of Gulf Coast natural-gas storage assets from an affiliate of commodities-trading company Hartree Partners for $1.95 billion.Williams on Wednesday said the acquisition includes six underground natural gas storage facilities in Louisiana and Mississippi with total capacity of 115 billion cubic feet, along with 230 miles of gas transmission pipeline and connections to Transco, the nation’s largest natural gas transmission pipeline.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Williams Cos. to Buy Gulf Coast Natural Gas Storage Portfolio for $1.95 Billion
27Dec By adminNo Comments
World

Williams Cos. to Buy Gulf Coast Natural Gas Storage Portfolio for $1.95 Billion

Energy infrastructure company Williams Cos.has inked a deal to buy a portfolio of Gulf Coast natural-gas storage assets from an affiliate of commodities-trading company Hartree Partners for $1.95 billion.Williams on Wednesday said the acquisition includes six underground natural gas storage facilities in Louisiana and Mississippi with total capacity of 115 billion cubic feet, along with 230 miles of gas transmission pipeline and connections to Transco, the nation’s largest natural gas transmission pipeline.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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The Newest Get Rich Quick Trade: Indian Stocks
22Dec By adminNo Comments
World

The Newest Get Rich Quick Trade: Indian Stocks

Dec. 22, 2023 12:39 am ETIndia’s booming stock market is attracting millions of individual investors hoping to get rich quick.The benchmark S&P BSE Sensex Index is around 16% higher this year and hit an all-time high this month. The surge encouraged investors to open more than 11 million new accounts with the National Stock Exchange of India in 2023 through the end of August, and has led to record flows into mutual funds that buy stocks. The most popular play: subscribing for shares in new listings, which sometimes surge in value during the first few days of trading.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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How the Fintech Rally Could Fizzle in 2024
18Dec By adminNo Comments
Money

How the Fintech Rally Could Fizzle in 2024

Financial-technology companies have rallied in 2023 even as rates rose. Some could now face risks from falling rates, as well as stepped-up competition.Higher rates did hit “fintech” stocks in many ways. Not only do growth stocks in general often trade at lower multiples during periods of rising rates, but fintechs in particular had benefited from near-zero rates for funding loans and encouraging risk-taking by trading customers.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Robinhood Woos Wealthier Clients From Bigger Brokerages
16Dec By adminNo Comments
Money

Robinhood Woos Wealthier Clients From Bigger Brokerages

Robinhood Markets, known for a clientele of first-time investors, is attracting customers with fatter wallets from other brokerages.Through Wednesday, the trading app received about $1.1 billion in account transfers since Oct. 23, when it began offering a 1% match on transferred brokerage accounts, the company said. In the second and third quarters of this year, customers transferred about $350 million and $375 million, respectively, to Robinhood from other brokerages, according to company filings.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Robinhood Woos Wealthier Clients From Bigger Brokerages
16Dec By adminNo Comments
World

Robinhood Woos Wealthier Clients From Bigger Brokerages

Robinhood Markets, known for a clientele of first-time investors, is attracting customers with fatter wallets from other brokerages.Through Wednesday, the trading app received about $1.1 billion in account transfers since Oct. 23, when it began offering a 1% match on transferred brokerage accounts, the company said. In the second and third quarters of this year, customers transferred about $350 million and $375 million, respectively, to Robinhood from other brokerages, according to company filings.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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The Opioid Victims Who Won’t Sign Off on Purdue’s $6 Billion Settlement
3Dec By adminNo Comments
World

The Opioid Victims Who Won’t Sign Off on Purdue’s $6 Billion Settlement

Listen to article(2 minutes)Ellen Isaacs lost her son to an opioid overdose. But she wants none of the settlement money offered by the family that sold billions of the same OxyContin pills that got her boy hooked.Isaacs would rather see the family suffer years in court. “There’s not enough money that’s going to bring any of our kids back,” said Isaacs, 58 years old.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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2Dec By adminNo Comments
Money

A Divorce With Apple, Internal Strife: How Goldman’s Main Street Bet Failed

Updated Dec. 2, 2023 12:23 am ETAt an off-site in upstate New York last month, during a dinner lasting roughly three hours, Goldman Sachs Chief Executive David Solomon told partners that the firm had made some mistakes with consumer lending. But, he said, the business wasn’t as bad as they thought and they didn’t understand the details. He wouldn’t tolerate partners trash-talking Goldman’s decision to get into consumer lending, he told them.Goldman has known for a while that consumer lending wasn’t really working out, and the bank has been looking for the exits. But it was Apple that sealed it. The tech giant recently sent a proposal to Goldman that would pull the plug on their credit-card partnership, the crown jewel of the business.Copyright ©2023 Dow Jones & Company, Inc. All Right...
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2Dec By adminNo Comments
World

A Divorce With Apple, Internal Strife: How Goldman’s Main Street Bet Failed

Updated Dec. 2, 2023 12:23 am ETAt an off-site in upstate New York last month, during a dinner lasting roughly three hours, Goldman Sachs Chief Executive David Solomon told partners that the firm had made some mistakes with consumer lending. But, he said, the business wasn’t as bad as they thought and they didn’t understand the details. He wouldn’t tolerate partners trash-talking Goldman’s decision to get into consumer lending, he told them.Goldman has known for a while that consumer lending wasn’t really working out, and the bank has been looking for the exits. But it was Apple that sealed it. The tech giant recently sent a proposal to Goldman that would pull the plug on their credit-card partnership, the crown jewel of the business.Copyright ©2023 Dow Jones & Company, Inc. All Right...
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Why Robinhood Wants British Customers
30Nov By adminNo Comments
Money

Why Robinhood Wants British Customers

Robinhood became synonymous with a new generation of do-it-yourself investors in America. Now it wants to do the same abroad.The digital brokerage on Thursday is opening a wait list for U.K. residents and will grant them early access to its trading app over the next several weeks, with full availability scheduled for early 2024. Robinhood joins other digital brokerages, including Webull and Public, that launched in the U.K. this year.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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