Top Company News of the Day: EIG, Occidental Petroleum, OpenAI, ABB, Robinhood

EIG Global Energy Partners Expects New LNG Acquisition Within Months

The U.S. investment firm wants to increase exposure to the Atlantic Basin gas market.

Occidental Petroleum in Talks to Buy Permian Producer CrownRock

The deal could value CrownRock well above $10 billion including debt.

OpenAI’s New Board Takes Over and Says Microsoft Will Have Observer Role

The group of directors will expand and strengthen governance structure following CEO Sam Altman’s surprise ouster and return.

ABB Upgrades Financial Targets

ABB lifted its long-term sales and earnings targets and said around 70% of its group revenue comes from divisions that are growing.

Why Robinhood Wants British Customers

Digital brokerages Webull and Public have also launched in the U.K. this year.

Nascar Revs Up TV, Streaming Deals Worth Nearly $8 Billion

The seven-year deals with Amazon, Warner Bros. Discovery, Fox and others will take effect in 2025.

Disney Names Darroch, Morgan Stanley’s Gorman to Board

The entertainment giant said Jeremy Darroch’s appointment adds international media expertise, while James Gorman’s provides experience overseeing a major corporate transformation.

Elon Musk Uses ‘F’ Word for Advertisers Boycotting Platform

Billionaire addresses posts on X he says were misperceived as antisemitic.

Origin Energy Board Rejects Revised Proposal from Brookfield, EIG

The board of Origin Energy on Thursday rejected a revised proposal from a consortium of investors led by Brookfield and EIG to acquire the Australian power company.

SEC Charges Phoenix Real Estate Investor With Stock Manipulation Over Fake WeWork Offer

The SEC said most of the WeWork options expired before Larmore could exercise them due to a delay in issuing the press release.

Source: Dow Jones Newswires


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