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Negotiations between Exxon and Pioneer are advanced but have not yet led to an agreement over the acquisition of the largest oil producer in Permian basin. So far, shareholders profited as the share price more than doubled since early 2021 when activist investors publicly pushed for changes. Big Oil is responsible for the bulk of human-induced greenhouse gas emissions and pressure for action is building. "Investor pressure has decreased; they're backtracking... the big investors are enabling this," said climate investment group Follow This founder Mark van Baal. Privately, investors worried if Exxon bowed out of production, someone else would pick up the slack and nothing would be gained for shareholders or energy transfer.

Persons: Olaf Scholz, Exxon Mobil's, Jim Rossman, that's, Andrew Logan, tussles, Mark van Baal, Charlie Penner, Ceres, Logan, Marguerita Choy Organizations: Environmental, Exxon, Republique, New Global Financial, Big Oil, Energy, Natural Resources, Pioneer, Barclays, Oil, Public, International Energy Agency, Investors, Ancora, Holdings, Algonquin Power & Utilities, Elliott Investment Management, NRG Energy, Smart, Thomson Locations: Paris, France, BOSTON, Ukraine

☆ Buyout barons feast on excesses of last boom
▼ + stars: | 2023-07-21 | by ( Jonathan Guilford | ) www.reuters.com time to read: +7 min

That opens up plenty of potential loopholes which could allow borrowers to keep their old loans even after a deal. Lenders explicitly allow a company’s so-called “permitted holders” - typically its management or long-time investors - to assume responsibility for the debt. For example, one definition of a change of control is where the majority of board seats change hands. That means the company’s debt can stay put, news service 9fin reported. Interest rates for loans provided by private lenders have risen from 6.2% to 11.6% over a similar time frame.

Persons: Clayton, Rice, Breakingviews, 9fin, Cooper’s, Blackstone, Datacenters, Murray, dealmakers, Peter Thal Larsen, Sharon Lam, Streisand Neto Organizations: YORK, Reuters, Partners, P, Reuters Graphics Reuters, Cornerstone, Focus Financial, Stone, Point, Smart, Securities, Exchange, NRG Energy, QTS Realty Trust, Foresight Energy, American Consolidated Natural Resources, Foresight, P Global Market Intelligence, Thomson, & $ Locations: Dubilier, Delaware

☆ TipRanks reveals the top 10 Wall Street utilities sector analysts
▼ + stars: | 2023-06-25 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

TipRanks recognized the 10 best analysts in the utilities sector who delivered significant returns and edged past their peers through their recommendations. TipRanks' algorithms calculated the statistical significance of each rating, the average return and the analysts' overall success rate. Top 10 analysts from the utilities sectorThe image below shows the most successful Wall Street analysts from the utilities sector. Based on his buy recommendation, the analyst generated a profit of 161.7% from July 21, 2020 to July 21, 2021. Julien Dumoulin-Smith — Bank of America SecuritiesJulien Dumoulin-Smith has the 10th spot on the list, with a success rate of 57%.

Persons: Patrick T, Fallon, TipRanks, Shelby Tucker, Tucker, Frederic Bastien — Raymond James Frederic Bastien, Black, Benjamin Pham —, Benjamin Pham, Pham, Mark Jarvi —, Mark Jarvi — CIBC Mark Jarvi, Robert Catellier —, Robert Catellier, Alberto Gandolfi — Goldman Sachs, Alberto Gandolfi, Nelson Ng, Jan, Patrick Kenny, Kenny, Neil Kalton, Wells, Julien Dumoulin, Smith — Bank of America Securities Julien Dumoulin, Smith Organizations: Fluence, Siemens, AES Company, AES Alamitos Battery Energy Storage, AFP, Getty, RBC, Energy, Benjamin Pham — BMO Capital BMO Capital, Mark Jarvi — CIBC, Pinnacle, Drax Group, Robert Catellier — CIBC, RBC Capital RBC Capital, Bank In, National Bank, Secure Energy Services, Smith — Bank of America Securities, Sunrun Locations: Long Beach , California, Canadian, Canada, Danish, Methanex

☆ Activist investor Elliott is back at NRG Energy. Here’s how the firm plans to build value
▼ + stars: | 2023-06-03 | by ( Kenneth Squire | ) www.cnbc.com time to read: +8 min

Activist Commentary: Elliott is a very successful and astute activist investor, particularly in the technology sector. In January 2017, the firm filed a 13D on NRG with a plan centered around operational improvements and portfolio actions. As part of its plan, Elliott suggested that NRG focus on its core businesses by reducing costs, monetizing non-core assets to simplify its portfolio and paying down debt. To effectively oversee this plan, Elliott believes that the board needs new independent directors with expertise in the power and energy industry. "Strong management will be key to the success of the Repower NRG Plan," and "significant changes are needed."

Persons: Elliott, Vivint, Jim Collins, Collins, Ken Squire Organizations: NRG, 13D Locations: COOs, Texas

☆ Activist investor Elliott pushes for change at NRG Energy
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: +1 min

Companies NRG Energy Inc FollowMay 15 (Reuters) - Activist investor Elliott Investment Management on Monday sent a letter to the board of NRG Energy (NRG.N) urging the U.S. utility to conduct a review of its home services strategy and add new independent directors. The recommendations will remedy NRG's underperformance and strategic missteps including the acquisition of Vivint Smart Home Inc, Elliott said. In December, NRG said it would buy Vivint Smart Home Inc for $2.8 billion in cash. The activist investor called it "the single worst deal in the power and utilities sector in the past decade". Elliott manages funds that have an investment of about $1 billion, representing a more than 13% interest in NRG Energy.

☆ NBA roundup: Spurs top Jazz, end 16-game skid
▼ + stars: | 2023-03-01 | by ( ) www.reuters.com time to read: +9 min

Jeremy Sochan added 13 points and Devonte' Graham had 12 for the Spurs, who got just their 15th win. Lauri Markkanen scored 28 points with 10 rebounds for Utah, Talen Horton-Tucker scored 16 points and Walker Kessler contributed 10 points and 15 boards. The Bucks are on their fifth 15-game winning streak in team history and second in four seasons after winning 18 straight Nov. 10-Dec. 14, 2019. Spencer Dinwiddie added 26 points, but Brooklyn scored only 19 points in the fourth and dropped its third straight. Zach LaVine added 17 points, DeMar DeRozan scored 13 points and Ayo Dosunmu scored 10.

☆ A real estate investor who owns over 1,000 units explains how he was able to officially retire at age 36 by 'reverse engineering' his financial freedom
▼ + stars: | 2023-02-19 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +12 min

He was able to achieve this feat by "reverse engineering" his financial freedom. In fact, he attributes much of his success today as a real estate investor to setting "audacious" goals for himself — and achieving them by whatever means necessary. To Allred, achieving true financial freedom meant having enough recurring passive income to entirely cover his family's cost of living. At that time, he decided to officially retire from door-to-door sales and go into real estate full-time. Continuing to grow his real estate fundAround 2015, Allred also began getting involved in real estate syndications.

Feb 17 (Reuters) - Home security provider Vivint Smart Home Inc (VVNT.N) owes rival CPI Security Systems Inc $189.7 million for tricking its customers into moving to Vivint's service, a North Carolina jury decided Friday. The federal jury in Charlotte found Vivint sales representatives unlawfully deceived CPI customers into signing contracts with Vivint by falsely claiming that Vivint had bought the company. CPI said its customers would then unknowingly sign "high-priced, multi-year" contracts that Vivint made "impossible for customers to cancel." It told the court it competed fairly with CPI and that CPI customers had switched to Vivint for legitimate reasons. The case is CPI Security Systems Inc v. Vivint Smart Home Inc, U.S. District Court for the Western District of North Carolina, No.

☆ Package theft is now a felony in 8 states and counting as lawmakers crack down on 'porch piracy'
▼ + stars: | 2023-01-14 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +8 min

Package theft is a staple of the e-commerce age, and is more common in some states than others. And even if they had logged the theft with police, the crime of package theft is filed and charged differently depending on the location. Oklahoma — Package theft can be charged as a felony if the perpetrator is convicted of three instances within 60 days. There isn't much of a correlation between the states cracking down on package theft and the places that experience it. Only one of the top 10 metro areas experiencing the most package theft is in a state where porch piracy is a felony.

☆ NBA roundup: Luka Doncic posts 51 in win over Spurs
▼ + stars: | 2023-01-01 | by ( ) www.reuters.com time to read: +8 min

Keldon Johnson led the Spurs with 30 points, while Sochan added 20. Markkanen led the Jazz with 29 points and 14 rebounds, and Clarkson netted 22 points in Utah's fourth consecutive loss. Kevin Love added 20 points and nine rebounds for the Cavaliers, who survived a rough night from star Donovan Mitchell. Randle added 12 rebounds and six assists for the Knicks, who were without starters Jalen Brunson and RJ Barrett. LaMelo Ball's 23 points and 11 assists and Mason Plumlee's 22 points and 10 rebounds led the Hornets.

☆ Stocks making the biggest moves midday: Disney, Tesla, Mesa Air and more
▼ + stars: | 2022-12-19 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Check out the companies making the biggest moves midday Monday:Disney — Disney fell 3.6% after its film, "Avatar: The Way of the Water" fell short of box office expectations. The highly-anticipated movie brought in $134 million, less than the $175 million expected by analysts and under the $135 million to $150 million range Disney had forecast. Casino operators — Wynn Resorts fell 4.2%, while MGM Resorts lost 2.9% and Las Vegas Sands dropped 1.6%. Mesa Air Group — Shares of the airliner jumped 5% after Mesa Air announced it is finalizing a deal to run regional flights for United Airlines, while ending its partnership with American Airlines. Warner Music Group — Shares gained 2.5% following an upgrade to overweight from Atlantic Equities.

☆ NRG Energy to Buy Vivint Smart Home for $2.8 Billion
▼ + stars: | 2022-12-06 | by ( Will Feuer | ) www.wsj.com time to read: 1 min

NRG Energy Inc. said it agreed to buy home-security business Vivint Smart Home Inc. for $2.8 billion in cash, as the energy-services company pushes to have a presence in more American homes. NRG said Tuesday it would pay $12 a share for Vivint, which offers integrated home systems that include security, lighting and other services. The price marks a 33% premium to Vivint’s closing price on Monday of $8.99 a share. Including debt, the companies put the total deal value at $5.2 billion.

☆ Stocks making the biggest moves midday: Textron, Charter, Estee Lauder, Signet and more
▼ + stars: | 2022-12-06 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +4 min

Textron – Shares of Textron jumped 6% after the company won a U.S. Army contract that could be worth $70 billion to provide next-generation helicopters. Charter Communications – Charter Communications fell 5% after analysts at Citi added a negative catalyst watch to the company heading into its analyst day. Signet Jewelers – Shares of Signet Jewelers surged 18% after the company announced earnings results that beat Wall Street's expectations before the market open Tuesday. SVB Financial Group – Shares of SVB Financial slid nearly 4%, reaching a 52-week low earlier in the day. Semiconductor stocks – Semi stocks Advanced Micro Devices and Nvidia fell 4% and 3.1% respectively amid a broader selloff in the Nasdaq.

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