Dow ends above 26000 for first time as stocks rally broadly
Risky factor of Time Warner Inc. (TWX) is observed at 0.96
Kinder Morgan, Inc. (NASDAQ:KMI) To Release Earnings
Shell Sells Entire Holding In Woodside Petroleum For USD2.7 Billion (ALLISS)
14 November 2017, 10:04 | Cesar Cruz
Woodside's Pluto LNG
Shell announced in London that it had agreed to sell down nearly two thirds of its remaining stake Woodside Petroleum for $US1.7 billion ($A2.2 billion).
SEHAL will continue to own a 4.8% interest in Woodside.
Sign up here for free access to 7 articles per month + twice daily business email alerts.
These shares represent 64% of its interest in Woodside and 8.5% of the issued capital in Woodside, at a price of AUS$31.10 per share, resulting in total pre-tax proceeds of approximately US$1.7 billion (AUS$2.2 billion).
Shell shares were up 0.8 percent at 1525 GMT.
(DIS) Stake Held by East Coast Asset Management LLC
Loring Wolcott & Coolidge Fiduciary Advisors Llp acquired 98,298 shares as Walt Disney Productions ( DIS)'s stock declined 2.31%. It improved, as 77 investors sold DIS shares while 606 reduced holdings. 108 funds opened positions while 638 raised stakes.
Investors in Woodside Petroleum will have to contend with the confirmation last night that Shell is about to sell most of its holding, with the rest not to far behind.
The disposal will help reduce net debt, is part of a $3US0bn divestment by Shell as it seeks to improve its financial performance.
A sell down of Shell's 98 million shares in Canadian Natural Resources, worth around $2.8 billion "is only a matter of time", TPH said in a note. Shell has been selling out of Woodside for some time. Woodside's shares closed trading at $32.24 on Monday.
"Woodside will maintain a close working relationship with Shell - as a joint venture partner and customer of Shell technology - and we recognise that Shell will always be part of our history", Woodside Chief Executive Peter Coleman said in a statement.
The two companies have an extensive history, including Shell's blocked $10 billion takeover attempt for Woodside in 2001.
Makers release Fukrey Returns trailer
Now in 2017, the sequel to Fukrey , Fukrey Returns is all set to tickle the amusing bone once again. Fukrey Returns is helmed by Mrighdeep Singh Lamba and is slated to release on 15 December.
General Electric halves dividend for shareholders
Loring Wolcott And Coolidge Fiduciary Limited Liability Partnership Ma has invested 0.57% in General Electric Company (NYSE:GE). Entering the Home Security Market Holds Massive Opportunity" published on November 08, 2017, Fool.ca published: "Why BCE Inc.
'Lord of the Rings' TV Series in the Works at Amazon!
This deal is also allowed Amazon to get in the television franchise game, and step up its competitive offerings. Amazon acquired the rights to adapt " The Lord of the Rings " for television, the company announced Monday .
Panthers maul Dolphins behind Newton's four touchdown passes
Our models projected Newton for 21.1 FanDuel points, and he finished as Week 10's top scorer with 35.66 fantasy points on Monday. Although the offense saw the season debut of left guard Ted Larsen and the defense saw the season debut of safety T.J.
Another woman accuses George HW Bush of groping
Roslyn Corrigan met the ex-president in 2003 at an event held in the Woodland, Texas , CIA office where her father worked. He added that it is noteworthy that the incidents allegedly happened late in his life.
BharatNet-2 launch to connect 1.5 lakh panchayats
By December 2017, all aforementioned Gram Panchayats will be operational on the BharatNet infrastructure. The Centre will provide total fund support of around Rs 10,000 crore to the state governments.