Chevron Q1 Earnings Fall

Chevron reported that lower production due to poor weather and normal field declines, as well as lower oil prices, reduced its Q1 profit by 27%. Global oil-equivalent production from Q1 fell to 2.59M barrels/day from 2.65M. Oil prices in the U.S. fell 3.2% to $91/barrel in 4/2014. Internationally, prices fell by 2.9% to $99/barrel. Earnings […]

Halliburton Reports Profitable Q1

Halliburton is growing on demand from the Eastern Hemisphere. It predicts growth in North America, while it still has challenges in Latin America. Revenue increased by 11%, while operating income rose by 16% in the European, Middle East, and African region. Halliburton’s CEO Dave Lesar says that EPS is expected to grow by 25% in […]

Square Denies Acquisition Talks

Square, a mobile payments processing company, has had talks with companies that consider it an acquisition target. The company denies that it had discussions and is not considering selling. The secondary market is valuing Square at about $5.2B. The company has used up more than half of the $340M it has raised since 2009, and […]

Walt Disney Buys Maker Studios

A buyout offer from Disney that originated in March was approved by Maker Studios’ board and majority shareholders. The deal, worth $950M is set to close in a few weeks, pending regulatory approval. Disney offered Maker Studios $500M cash and $450M in stock if performance targets were met. Maker Studios finds talent and produces videos […]

TIAA-CREF Acquiring Nuveen Investments For $6.25B

TIAA-CREF is purchasing Nuveen Investments for $6.25B in order to increase its mutual fund and municipal bond portfolio. The acquisition will increase assets under management to $790B. Nuveen’s current owner, Madison Dearborn Partners LLC, will break even on the deal. The deal is expected to close by the end of 2014.   Source: Reuters