Hints and tips:
...SSW is led by Eric Schwartz, Joshua Steiner and Antonio Weiss....
...Tim Steiner, of robot-powered food logistics group Ocado, is one to have made the journey....
...Vanguard said Ocado had performed “exceptionally well” but it could not support the award to Mr Steiner given its size and structure....
...When asked during a news conference if any further charges might be brought, US attorney Andrew Lelling said the investigation was “active and ongoing”....
...the drilling division of Abu Dhabi’s state oil company, marking the first time the Gulf producer has allowed an international partner to buy into one of its services businesses The two deals come after Transocean...
...By putting forward its own motion, the bank was able to omit Mr Steiner’s proposal from the ballot....
...Might another US empire be seeking a new partnership?...
...This has been the plan since 2015, when founder Tim Steiner decided there was a more exciting future in selling Ocado’s technology overseas than in trucking expensive carrots around middle class cul-de-sacs...
...That might explain why another US rig company, Ensco, announced it would buy Atwood at the end of May. This week, Transocean followed by striking a deal to acquire Norway’s Songa Offshore for $3.4bn....
...Shares of US energy companies took a beating on Monday as US crude fell below $40 a barrel for the first time since April....
...Chesapeake Energy shares climbed 9.6 per cent to $4.58 and Transocean rose 9 per cent to $12.84....
...Transocean shares rose 4.6 per cent to $9.52, Murphy Oil shares climbed 2.2 per cent to $26.65 and Noble Energy shares climbed 1.8 per cent to $33.62, even after ceding some of their earlier gains....
...Murphy Oil, Transocean, Chesapeake fell 6.6 per cent, 6.7 per cent and 6.1 per cent respectively....
...Transocean climbed 7.5 per cent to $11.31 and National Oilwell Varco was up 3.9 per cent to $35.18. Patches of strength appeared among US retailers....
...Oil and gas companies within the S&P 500 have declined on eight of the past 10 trading days, including 9 per cent-plus drops for Transocean, Marathon Oil, Diamond Offshore Drilling and Murphy Oil....
...Transocean, an offshore rig operator, skidded 3.3 per cent to $10.52. Industrials, which are also seen as sensitive to economic fluctuations, suffered heavy early selling....
...Transocean, the offshore oil rig operator, has logged the biggest price drop since the beginning of the bull market....
...Energy stocks also performed well on the back of a rise in the price of US crude oil. Transocean, which operates offshore oil rigs, jumped 5.1 per cent to $8.65....
...In December, Vantage Drilling in the US, which has three deepwater drillships, filed for bankruptcy protection....
...Shares in Southwestern Energy jumped 19.24 per cent to $8.80, while Transocean shares climbed 7.05 per cent to $9.72....
...Noble and Transocean have had their credit ratings cut from investment grade to junk status as a result of the downturn....
...Transocean, one of the largest offshore drilling contractors, relocated from the US to the Cayman Islands in 1999, and then to Switzerland in 2008....
...Marathon Oil was the biggest loser, falling 10.25 per cent to $8.14, shares in Chesapeake Energy declined 4.04 per cent to $3.56 while shares in Transocean dropped 6.45 per cent to $9.86....
...Transocean, an oil rig operator, slid 7.56 per cent to $9.05. ExxonMobil, an oil major, dropped 2.23 per cent to $74.59 despite reporting a slimmer than expected decline in quarterly profits....
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