• Associated Press

    IFF to merge with DuPont Nutrition and Biosciences unit

    International Flavors and Fragrances is merging with DuPont's Nutrition and Biosciences unit in a $26.2 billion deal that would form a new company. The deal announced Sunday would give DuPont shareholders 55.4% of the new company's shares, while IFF shareholders will get 44.6%. When the deal closes, DuPont will get a $7.3 billion cash payment, the companies said in a statement.

  • IFF to merge with DuPont's $26.2 billion nutrition unit
    Reuters

    IFF to merge with DuPont's $26.2 billion nutrition unit

    Under terms of the agreement, DuPont shareholders will own 55.4% of the shares of the new company and existing IFF shareholders will own 44.6%, IFF said in a statement. Industrial materials maker DuPont will also receive a one-time cash payment of $7.3 billion upon closing of the deal, IFF added. Ireland's Kerry Group was also negotiating with DuPont for its nutrition unit, Bloomberg had previously reported.

  • Financial Times

    IFF-DuPont deal creates $45bn flavourings giant

    International Flavors & Fragrances agreed on Sunday to buy DuPont’s nutrition and biosciences business for $26.2bn, the latest acquisition by the New York company as it seeks to become a major supplier to the consumer goods industry. The deal will create a giant in the flavourings and nutrients industry, providing ingredients for products from luxury perfumes to laundry detergent and vegan burgers. The combined company will have an enterprise value, which includes debt, of $45.4bn, with annual revenues of about $11bn.

  • Investing In Stocks: Timely Tips From Rudolph, Frosty And Scrooge
    Investor's Business Daily

    Investing In Stocks: Timely Tips From Rudolph, Frosty And Scrooge

    Using Nvidia, Netflix and Facebook, see timely tips on investing in stocks hidden within the holiday classics featuring Rudolph, Frosty and Scrooge.

  • Why Is Nvidia (NVDA) Up 6.8% Since Last Earnings Report?
    Zacks

    Why Is Nvidia (NVDA) Up 6.8% Since Last Earnings Report?

    Nvidia (NVDA) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Financial Times

    Beijing’s patriotic PC shift spells trouble for foreign tech groups

    Tech spats between China and the US have encompassed smartphones and social media apps — and now the humble office keyboard. The new directive, nicknamed “3-5-2”, aims to increase China’s reliance on homemade technology and could deal a blow to foreign technology groups such as HP, Dell Technologies and Microsoft.

  • Amazon Roundup: Government, re:Invent Conference, India, Other
    Zacks

    Amazon Roundup: Government, re:Invent Conference, India, Other

    Amazon had a big week with government issues, a host of new deals and announcements at its annual conference and developments in India.

  • Top Stock Reports for Danaher, Petrobras & Fiserv
    Zacks

    Top Stock Reports for Danaher, Petrobras & Fiserv

    Top Stock Reports for Danaher, Petrobras & Fiserv

  • Why Is Cisco (CSCO) Up 1.7% Since Last Earnings Report?
    Zacks

    Why Is Cisco (CSCO) Up 1.7% Since Last Earnings Report?

    Cisco (CSCO) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Associated Press

    Historic Detroit power plant demolished to aid Jeep factory

    A Detroit power plant that was more than 100 years old was demolished Friday to accommodate a Jeep factory. Explosives were used to bring down the Conners Creek plant near the Detroit River on the city's east side. The plant, which belonged to DTE Energy, started in 1915 as a coal-fired operation but was later converted to natural gas.

  • The Zacks Analyst Blog Highlights: Chevron, ConocoPhillips, Valero, Marathon and Murphy USA
    Zacks

    The Zacks Analyst Blog Highlights: Chevron, ConocoPhillips, Valero, Marathon and Murphy USA

    The Zacks Analyst Blog Highlights: Chevron, ConocoPhillips, Valero, Marathon and Murphy USA

  • AMD Boosts Gaming Experience, Launches Radeon RX 5500 XT
    Zacks

    AMD Boosts Gaming Experience, Launches Radeon RX 5500 XT

    Advanced Micro Devices (AMD) unveils Radeon RX 5500 XT graphics card, which is expected to enhance user gaming experience.

  • Micron Technology (MU) to Post Q1 Earnings: What in Store?
    Zacks

    Micron Technology (MU) to Post Q1 Earnings: What in Store?

    Micron's (MU) first-quarter fiscal 2020 earnings are likely to have been hurt by low DRAM revenues amid the U.S.-China trade tussle. However, strong DRAM bit demand is likely to have been a breather.

  • Here's How Natural Gas Reacted to the EIA Inventory Numbers
    Zacks

    Here's How Natural Gas Reacted to the EIA Inventory Numbers

    Stockpiles held in underground storage in the lower 48 states fell by 73 Bcf for the week ended Dec 6.

  • Broadcom (AVGO) Q4 Earnings & Revenues Surpass Estimates
    Zacks

    Broadcom (AVGO) Q4 Earnings & Revenues Surpass Estimates

    Broadcom's (AVGO) fiscal fourth-quarter results reflect synergies from CA buyout amid slowdown in enterprise spending.

  • CenturyLink, Intel Partner to Offer Premium Home Connectivity
    Zacks

    CenturyLink, Intel Partner to Offer Premium Home Connectivity

    CenturyLink (CTL), in collaboration with Intel, develops Wi-Fi 6 gateway to meet the increasing demand for premium home connectivity and provide faster connections with embedded security features.

  • Trade Deal Cut in Principle? Sector ETFs to Soar
    Zacks

    Trade Deal Cut in Principle? Sector ETFs to Soar

    The Trump administration is likely to have delayed new tariffs on Chinese imports and halved existing tariffs. These sector ETFs may soar on this.

  • Outlook for Utility Gas Distribution Industry Looks Bright
    Zacks

    Outlook for Utility Gas Distribution Industry Looks Bright

    Outlook for Utility Gas Distribution Industry Looks Bright

  • Reuters

    U.S. chipmaker Nvidia offers no concessions to EU to ease through $6.8 billion Mellanox deal

    U.S. chipmaker Nvidia has not offered any concessions to EU antitrust regulators examining its $6.8 billion bid for Mellanox Technologies, the European Commission website showed on Friday. The EU competition enforcer is scheduled to decide on Nvidia's biggest-ever acquisition by Dec. 19. Nvidia, known for its powerful gaming graphics chips, declined to comment.

  • Financial Times

    Why Cisco’s OpenRoaming could transform access to WiFi

    The remote Orkney Islands off northeastern Scotland may seem an unlikely frontier for the future of connectivity, but alongside the Canary Wharf business district in London, they are one of just two testing grounds for a new technology that promises to streamline access to the internet. OpenRoaming, which has been developed by US network equipment maker Cisco, allows users to connect automatically to trusted WiFi providers without ever having to go through a login process, mirroring the kind of seamless connections that users take for granted as they move around mobile networks with their smartphones. Combined with the latest generation of wireless WiFi 6 tech and 5G phone coverage, the potential for superfast, uninterrupted internet access is huge.

  • Financial Times

    Boom times are back for carbon offsetting industry

    “Projects like this only exist because there are carbon credits paying for them,” said Gerald Maradan, chief executive and co-founder of Paris-based EcoAct, which produces carbon offset credits and sells them to companies, including its newest high-profile customer, easyJet. The low-cost UK airline is one of a number of big corporate buyers that includes energy majors BP and Shell, British Airways, French luxury goods company Kering and US ride-sharing group Lyft, whose recent pledges to cut their net carbon emissions are fuelling a fresh boom in the relatively small offsetting market. for 7.5m tonnes of carbon dioxide that would cover one year’s worth of flights — a single trade equivalent to nearly 8 per cent of the entire global market for voluntary offsets last year.

  • Are Energy Stocks Hot Again?
    Oilprice.com

    Are Energy Stocks Hot Again?

    The ill-performing energy sector could be about to stage a major turnaround, but it won’t be the first time that contrarian investors get burned trying to play a rebound

  • A 'phase one' US-China trade deal would solve one major problem for the stock market
    Yahoo Finance

    A 'phase one' US-China trade deal would solve one major problem for the stock market

    Is it time for the animal spirits to be released on Wall Street amid speculation of a concrete U.S.-China trade deal?

  • Reuters

    Canada's Syncrude oil facility ramps up output after disruption -sources

    Syncrude is a joint venture, majority owned by Suncor Energy Inc, with minority stakes held by Imperial Oil Ltd and others. The facility planned to reduce December production by a total of 1.6 million barrels due to the operational problems, three market sources told Reuters last week.

  • Zacks Industry Outlook Highlights: Intel, NVIDIA and STMicroelectronics
    Zacks

    Zacks Industry Outlook Highlights: Intel, NVIDIA and STMicroelectronics

    Zacks Industry Outlook Highlights: Intel, NVIDIA and STMicroelectronics