T-Mobile US (TMUS) and Sprint (S) may sell Boost Mobile for up to $3 billion, according to Reuters. The report said a group of potential buyers are preparing bids for Boost for up to that value. To receive FCC approval for their merger, the companies had to offer concessions, including the sale of Boost to reduce the combined company’s market […]
MPLX LP (MPLX) has decided to shut its 360,000 barrels per day Ozark crude pipeline that leads to Patoka, Ill., impacting crude flows to and from the Cushing oil storage hub in Oklahoma, according to media reports. The closure of the Ozark pipeline comes after outages at HollyFrontier’s (HFC) 125,000 b/d Tulsa refinery and the southern portion of Tallgrass Energy’s […]
Hudson Pacific Properties (HPP) said Wednesday that it bought the condominium rights to build an office development adjacent to the Washington State Convention Center Addition in Seattle for $86 million. The planned office tower will be centrally located in the Denny Triangle neighborhood and will have approximately 526,000 square feet of office space and 12,000 square feet of retail. Total […]
Western Digital (WDC) is scheduled to report earnings after the close on Monday, and while the company is enthusiastic about a second half recovery, Morgan Stanley analysts said they are “convinced” that there is too much inventory for that to happen. “WD does have an offsetting tailwind as hard disk drive margins should recovery through the year, but still from […]
Loews (L) reported better-than-expected earnings with growth in revenue for its first quarter, as the conglomerate with interests in hotels, entertainment, energy and packaging reported a stronger performance in its insurance and natural gas units. Earnings jumped to $1.27 a share from $0.89 a share previously, while the consensus on Capital IQ was for $0.96 a share. Revenue rose to […]