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Related Special Reports
...Between 2010 and 2015, Deutsche squandered €1bn on its first major IT integration effort, dubbed “Magellan”....
...“This portfolio is exactly what I would want DOE to do,” Dell said. “This is great. They are doing all the things.”...
...The latest deal was the $18.8bn sale of pipeline company Magellan Midstream Partners to rival Oneok this week....
...Aaron Milford, chief executive of Magellan Midstream Partners, said that the “opportunity to invest and grow” as a company focused on crude oil and refined products, such as petrol and jet fuel, had become...
...EQT’s deal for Equitrans follows a flurry of pipeline deals in the past year, including Oneok’s $19bn acquisition of Magellan Midstream Partners and Energy Transfer’s $7.1bn purchase of Crestwood Equity...
...The Department of Energy (DOE) and the CHIPS office at the Department of Commerce (DOE) both have “other transactions authority” — allowing the agencies to engage in all manners of creative contracts....
...US pipeline companies are the bass players in oil industry rock bands: steady plodders for the most part rather than starry shredders such as ExxonMobil and Chevron....
...Magellan shareholders will receive $25 cash and 0.67 Oneok shares for each unit of stock they hold, representing a 22 per cent premium to the company’s closing price on Friday....
...Many companies are working on long-duration storage technologies but crucially they must work at grid scale....
...After much time and effort, Vogtle Unit 3, owned by Southern Company affiliate Georgia Power, recently came online — the first to be ordered and completed in the US since 1986 — and Unit 4 is due soon....
...They said that some members of Doe’s family had cast doubt on several central claims of the lawsuit, including those concerning her personal history....
...On Thursday, Sunnova priced $244mn of solar notes, its first with the DoE’s partial guarantees....
...The bank’s lawyers have previously described the USVI suit as “meritless”, and Jane Doe’s complaint as “directed at the wrong party”....
...Oil-focused pipeline group Magellan Midstream Partners has explicitly pointed to gas’s “more powerful growth engine” as it pursues a sale to the gas-heavy Oneok....
...The total size of the group who will share the payout exceeds 150 victims, a lawyer for Doe said. JPMorgan has not admitted any liability....
...But the company last month said it would scale back future investments in its China-based business, where its marketed share has declined since 2016....
...Thanks for reading — Justin A big pipeline deal Oneok’s mega-deal to buy rival pipeline builder Magellan Midstream for $19bn went down like a lead balloon with the company’s investors....
...The company expects to save about $40mn in annual costs from the deal....
...It also argued Doe’s “deficient” complaint did “not come close” to adequately alleging Deutsche was part of Epstein’s sex-trafficking ring. Deutsche declined to comment on the settlement....
...The company wants its investors to agree a $19bn merger with natural gas shipping company Oneok....
...College spending totals about $450bn, the DoE says....
...The accuser, who uses the pseudonym Jane Doe, has alleged that JPMorgan should be liable for damages over her sexual abuse at the hands of Epstein, and by Jes Staley, a former senior executive at the bank...
...News round-up FTC lawsuit targets serial acquisitions by private equity (FT) Venture firm GGV Capital to split off China business after US pressure (FT) Magellan Midstream holders approve $18.8bn sale...
...The company is one of the biggest spenders on podcast ads, spending more than $2mn in June, according to research firm Magellan AI. Podcast advertising is big business....
...Brad Edwards, a lawyer for Jane Doe, said the complaint against Staley was JPMorgan “attempting to deflect” blame....
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