Capital Expenditures News
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Chevron Corp., the second-biggest U.S. oil company, said it’s preparing an investment that will help make the country energy independent by developing what could be the world’s second-largest shale oil reservoir.
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Bahrain must urgently cut spending or risk unsustainable public debt as its fiscal deficit widens and oil prices decline, according to the International Monetary Fund.
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Intertape Polymer Group Inc., a maker of packing tape and shrink wrap, advanced to its highest price in more than seven years after reporting an increase in adjusted first-quarter earnings.
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Warren Buffett stole headlines when he committed $12.1 billion in a deal to take ketchup maker HJ Heinz Co. private this year. Managers at his Berkshire Hathaway Inc. spent as much in 2012 while attracting less attention.
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Eskom SOC Holdings Ltd., the South African power utility that’s building the world’s third- and fourth-biggest coal-fired plants, will sell more than $1 billion of bonds this year, Chief Executive Officer Brian Dames said.
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Alberta oil sands production increased 10 percent to 1.9 million barrels a day last year and will double to 3.8 million by 2022, the province’s energy regulator predicts.
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Digital Realty Trust Inc. is a stock to sell short because the manager of data-center real estate relies on access to capital markets to fund its dividend, Jonathon Jacobson of Highfields Capital Management LP said.
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State Street Corp., the third-largest custody bank, is seeking to raise $1.5 billion in a bond sale, according to a person familiar with the offering.
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North American Palladium Ltd., the operator of a precious-metals mine in Ontario, fell the most in two years after saying its 2013 output targets will be “difficult” to achieve and it may seek financing this quarter.
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The number of gas rigs in the U.S. declined by 12 this week to 354, according to Baker Hughes Inc.
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