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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/energy-oil/energy-transfer-to-acquire-crestwood-equity-partners-for-7-1-billion-d042254f
Persons: Dow Jones Organizations: crestwood
Wendy McMahon Takes on Larger Role at CBS News, Stations
  + stars: | 2023-08-14 | by ( Ben Glickman | ) www.wsj.com   time to read: 1 min
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Persons: Dow Jones, wendy, mcmahon Organizations: cbs
Teens Are Taking Over Gyms. The Adults Aren’t Pumped.
  + stars: | 2023-08-13 | by ( Ben Glickman | ) www.wsj.com   time to read: 1 min
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Persons: Dow Jones
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/nikola-recalls-most-of-its-battery-electric-trucks-after-fire-probe-234b5b86
Persons: Dow Jones, nikola
AMC Entertainment’s Stock Plan Approved by Judge
  + stars: | 2023-08-11 | by ( Ben Glickman | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/amc-entertainments-stock-plan-approved-by-judge-2dbfb213
Persons: Dow Jones, 2dbfb213
WeWork Raises Doubt About Its Survival
  + stars: | 2023-08-08 | by ( Alexander Saeedy | Ben Glickman | ) www.wsj.com   time to read: 1 min
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Organizations: Wall Street
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Persons: Dow Jones Organizations: warner
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Persons: Dow Jones Organizations: warner
“I’m looking at a road that’s open now, whereas for this last four and a half years there hasn’t been a path,” she said. “We, too, didn’t know a lot of the details that the prosecution knew,” said Amy Mallinger, whose grandmother was killed in the shooting. It was real, and it’s hard to do.”Many survivors said that the trial was an important part of a tragic story. “Had we not had this trial, the deeds of this criminal would have been glossed over in the annals of history. One, Miri Rabinowitz, whose husband was killed, said executing the gunman would be a “bitter irony” because her husband had been devoted to “the sanctity of life.”
Persons: , hasn’t, “ It’s, ” Ms, , Amy Mallinger, Audrey Glickman, Miri Rabinowitz
Caterpillar’s Sales Surge as Construction Booms
  + stars: | 2023-08-01 | by ( Ben Glickman | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/caterpillar-cat-q2-earnings-report-2023-1dd9702b
Persons: Dow Jones
Apple, Amazon, Starbucks to Report in Packed Earnings Week
  + stars: | 2023-07-30 | by ( Ben Glickman | ) www.wsj.com   time to read: 1 min
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Persons: Dow Jones
Union Pacific Names Veteran Rail Executive Jim Vena as CEO
  + stars: | 2023-07-26 | by ( Ben Glickman | ) www.wsj.com   time to read: 1 min
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Persons: Dow Jones, 86b3d5cc
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Persons: Dow Jones
Google, McDonald’s, Exxon Headline Busy Earnings Week
  + stars: | 2023-07-22 | by ( Ben Glickman | ) www.wsj.com   time to read: 1 min
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Persons: Dow Jones Organizations: exxon
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Persons: Dow Jones, eli, lilly
Nikola Production Declines After Fire at Headquarters
  + stars: | 2023-07-05 | by ( Ben Glickman | ) www.wsj.com   time to read: 1 min
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Persons: Dow Jones
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Persons: Dow Jones
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/espn-lays-off-jeff-van-gundy-jalen-rose-and-other-on-air-talent-in-cost-cutting-move-87749366
Persons: Dow Jones Organizations: espn
For companies like Target and Disney, it is unclear if boycotts will hit sales. The company said it has not changed any policy on decorations and is encouraging stores to celebrate Pride Month. Despite the mounting headlines and sustained criticism of Bud Light, corporate boycotts are "overstated," and those offended by campaigns tied to Pride Month are in the "minority," Ellis said. Bud Light appears to be an outlierIn April, the brewer ran a March Madness promotion with trans influencer Dylan Mulvaney, who shared a customized Bud Light can on Instagram. Justin Sullivan | Getty ImagesIt isn't just Bud Light — brands across the board are facing calls to boycott their goods or services.
Persons: Gene Kim, Bud Light, Anson Frericks, Starbucks baristas, Sarah Kate Ellis, Ellis, Dylan Mulvaney, Brendan Whitworth, — Alissa Heinerscheid, Daniel Blake —, Bump Williams, Busch, Frericks, Bud, Marcel Marcondes, Marcondes, Justin Sullivan, Jack Daniel's, Lawrence Glickman, Glickman, baristas, hasn't, Disney isn't, Ron DeSantis, Lindsey Roeschke, Brayden King, King, David Cliff, Nurphoto Organizations: Anheuser, Busch, Target, Disney, Starbucks, Pride Month, Target's, Pride, GLAAD, Mulvaney, CNBC, Gay, Chamber, Commerce, Cannes Lions International, Creativity, Brands, Kohl's, Nike, Adidas, Ford, Associated Press, American Studies, Cornell University, Consumer, Walt Disney Co, Florida Gov, Brand Intelligence, Morning, Northwestern University, Getty Locations: U.S, America, San Francisco , California, Oklahoma, Florida
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/fedex-quarterly-sales-fall-10-as-shipping-struggles-continues-271d93b6
Persons: Dow Jones Organizations: fedex
Experts say the boycotts work thanks to the culture wars and panic-stoking online and in the media. Bud Light was the target of social-media outcry in April after it partnered with the trans influencer and TikTok star Dylan Mulvaney. Bud Light owner Anheuser-Busch said that several of its facilities had received threats following the weeks of backlash against its brands. Like Bud Light, Nike also partnered with Mulvaney, but that outrage cycle seemed to blow over quickly. "Well, you know what, the next company is gonna say, 'We don't want to be Bud Light or Target.
Persons: , Bud Light, Dylan Mulvaney, Disney, Ron DeSantis, Joe Raedle, Lawrence Glickman, Glickman, Bud, Busch, Brian Cornell, Scott Olson, Vanitha Swaminathan, Republican Sen, Ted Cruz, Cruz, Ari Drennen, Drennen Organizations: Service, Target, Florida Gov, American Studies, Cornell University, Consumer, Bud Light, Anheuser, Survey, Carey School of Business, Arizona State University, Cornell, Nike, Mulvaney, Katz, Branding, University of, Republican, Disney, Media Matters Locations: Target, America, Patagonia
Brent crude futures rose $2.25, or 3.1%, to $74.85 a barrel by 11:50 a.m. EDT (1550 GMT) . U.S. Federal Reserve officials on Wednesday suggested interest rates could be steady this month and the House passed a bill suspending the government's debt ceiling, improving chances of averting a disastrous default. "The successful debt ceiling negotiations clears that minefield, but the overall demand outlook is still murky - the trucking space is doing poorly, for example," CFRA Research analyst Stewart Glickman said. The oil market is focusing on the June 4 meeting of OPEC+, the Organization of the Petroleum Exporting Countries and allies including Russia, which will discuss whether to cut oil production further. U.S. crude oil stockpiles rose unexpectedly last week, as imports jumped and strategic reserves dropped to their lowest since Sept. 1983, according to data from the Energy Information Administration.
Persons: Stewart Glickman, Peter McNally, Robert Yawger, Alex Lawler, Rowena Edwards, Arathy Somasekhar, Andrew Hayley, David Goodman, Kirsten Donovan, David Gregorio Our Organizations: Brent, . West Texas, U.S . Federal, Organization of, Petroleum, Reuters, Energy Information Administration, Thomson Locations: China, BENGALURU, Russia, Reuters OPEC, U.S, OPEC, London, Houston, Beijing
Big oil sees political pushback on buybacksFuel prices at a Chevron gas station in Menlo Park, California, on Thursday, June 9, 2022. In the market, and at the oil companies headquarters, it seems the opinions issued from the White House aren't much of a factor in setting financial priorities. The benchmark now is to spend roughly a third of operating cash flow on capital investment, a third on dividends and a third on stock buybacks. Exxon made $76.8 billion in operating cash flow, invested $18 billion back into the business, spent $14.9 billion on dividends and $15.2 billion in stock purchases, according to its cash flow statement. Oil production is increasing
Brutally high oil and gas prices were the talk of the town and one of the largest contributing factors to sky-high inflation. That was bad news for drivers, but ended up being great for the energy industry as oil prices and energy stocks are closely interlinked. As markets fell under the pressures of economic uncertainty, geopolitical chaos, elevated inflation and a hawkish Fed, the energy sector thrived. The S&P ended 2022 down nearly 20%, while the energy sector grew by about 60%. But analysts say US oil companies can’t keep winning for much longer.
But Energy stocks are acting like this may be the top. Lately, traders have been selling off oil stocks under the theory that profits in 2023 will likely be lower than 2022, not higher. The reason: the primary determinant of oil company profits are oil prices, and estimates for oil are coming down. For much of 2022, oil has been in "backwardation": futures prices for the most immediate contracts have been higher than prices farther out. Bulls are cheering the drop in Energy No one cheering for stocks to rally are crying over the drop in oil, or the drop in oil stocks.
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