Author: IA PressRoom

sasacvetkovic33/E+ via Getty Images NexTier Oilfield Solutions (NYSE:NEX) +9.5% post-market and Patterson-UTI Energy (NASDAQ:PTEN) +15.9% after The Wall Street Journal reported late Monday that the two oilfield services companies are holding talks over a possible merger. NexTier (NEX), which was created out of a 2019 merger between C&J Energy Services and Keane Group, provides well-completion and production services; its revenues more than doubled in 2022 to $3.24B, due in part to an increase in fracking activity and higher prices. Patterson-UTI (PTEN) is the second largest rig provider in contract drilling after Helmerich & Payne, providing mostly super-spec rigs, the most…

The Westfield mall used to be the beating retail heart of San Francisco. Westfield stopped paying the mortgage on this shopping mall, the San Francisco Chronicle reported.  Foot traffic has plunged. The city is so expensive that some people can’t afford to live there anymore.  Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app When a city becomes too expensive for regular people to live in, other things begin to fall apart. It can take years, but it happens. Just look at San Francisco. The city…

The EU has pledged to almost double its financing for sustainable investments in Latin America and the Caribbean, as the bloc seeks to keep pace with China’s rapidly growing presence in the region.On a visit to Brasília on Monday, Ursula von der Leyen, the president of the European Commission, announced the EU would make €10bn available for green projects as part of its Global Gateway infrastructure initiative.Part of this will go to investments in the Amazon basin, which — despite being a crucial buffer against climate change — has been devastated by soaring levels of illegal deforestation in recent years.The…

© Reuters. FILE PHOTO: Nassau County Chief of Detectives Keechant Sewell looks on as she is announced the first ever female NYPD Commissioner by incoming New York City Mayor Eric Adams, in Queensbridge Houses, Queens, New York City, U.S., December 15, 2021. REUTERS/ NEW YORK (Reuters) – New York City Police Commissioner Keechant Sewell, the first woman to lead the nation’s largest police department, on Monday said she is resigning after serving 18 months in the post. She gave no reason for stepping down. The surprise departure was announced by Sewell, 51, to her colleagues in a brief letter, posted…

Washington CNN  —  In October, tens of millions of borrowers will be required to pay their monthly federal student loan bills for the first time since March 2020, the Department of Education clarified Monday. The pandemic-related pause on both payments and interest accumulation has been set to end later this summer, though the exact date payments would be due was a little fuzzy. The Biden administration had previously said that the pause would end either 60 days after June 30 or 60 days after the Supreme Court rules on the separate student loan forgiveness program – whichever comes first. A…

Hi, MarketWatchers. Don’t miss these top stories.‘This is something huge for us’: Food-delivery workers in New York set to earn $18 minimum wage next month Uber, DoorDash and Grubhub are not pleased with the outcome, which they call “extreme” — while some worker advocates say the city fell short. Read More ‘Remote work doesn’t work’: David Sacks, ex-PayPal executive, blasts working from home as ‘lifestyle’ JPMorgan Chase CEO Jamie Dimon said back in 2021 that working remotely “doesn’t work for those who want to hustle.” Read MoreAmericans haven’t felt this confident about house prices since July 2022, despite high interest…

SAN FRANCISCO, CA – OCTOBER 4, 2013: The Disney Store on Stockton Street in San Francisco, … [+] California, sells official Walt Disney Corporation merchandise on October 4, 2013 in San Francisco, California. (Photo by Robert Alexander/Getty Images)Getty Images Walt Disney DIS Co (DIS) closed Monday at $93.14, above a weekly value level at $88.73. The weekly chart will be positive given a close on Friday above its five-week modified moving average at $93.71. The upside shown on its daily chart is monthly pivot at $100.77. The upside on its weekly chart is the 200-week simple moving average or ‘reversion…

Good morning. JPMorgan Chase has agreed to pay up to $290mn to settle one of two lawsuits over its 15-year relationship with Jeffrey Epstein. The lawsuit accused the bank of profiting from human trafficking by ignoring multiple internal warnings about its former client’s sex crimes.The agreement came just hours after a federal judge ruled that the case, originally brought by a single Epstein accuser under the pseudonym Jane Doe, would be widened to include dozens of women who claim also to have been abused by the disgraced financier. JPMorgan has not admitted any liability. It declined to comment on the…

© Reuters. FILE PHOTO: European Commission President Ursula von der Leyen makes a statement on the launch of a partnership for COVID-19 vaccine manufacturing between the EU and Latin American and Caribbean countries, in Brussels, Belgium June 22, 2022. REUTERS/Johan By Anthony Boadle BRASILIA (Reuters) -European Commission President Ursula von der Leyen on Monday said the EU hopes to finalize its long-delayed trade deal with the Mercosur bloc of South American countries by the end of the year at the latest. Brazilian President Luiz Inacio Lula da Silva, after meeting with von der Leyen, criticized an addendum the EU has…

© Reuters. FILE PHOTO: The logo of Harley-Davidson motorcycles is seen at a dealership in Queens, New York City, U.S., February 7, 2022. REUTERS/Andrew Kelly (Reuters) – Harley-Davidson (NYSE:) said on Monday the motorcycle maker will be running limited motorcycle manufacturing operations at its York facility after being notified of an issue with parts from a third-party supplier. The company said the issue was related to brake hose assemblies provided by a tier-2 supplier, Proterial Cable America, which is a portfolio company of Bain Capital. “We have a strong inventory position in the network to help us navigate through this…