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Sempra Energy Acquires Oncor For $9.45 Billion
U.S. Utility Firm Sempra Energy recently announced the acquisition of Oncor Electric Delivery Co, a Texas power distributor for $9.45 billion, beating out a bid by Warren Buffett’s Berkshire Hathaway Inc. Sempra said that it will be funding the deal
Read MoreIntel beats Q2 2017 estimates, raises FY17 outlook
The stock of chip maker Intel Corp (NASDAQ: INTC) is just about 6% below the 12-month high of $38.45. The stock has gained about 1.5% in the past one week, after reporting better than anticipated fiscal 2017 second-quarter results. The
Read MoreNYC Mayor Asks Wealthy New Yorkers To Pay More Taxes
New York City Mayor Bill de Blasio has proposed a new tax on wealthy New Yorkers to fund the repairs for the city’s crumbling subway. The plan will also support a measure which will offer half-price MetroCards for low-income users,
Read MoreConcerns over rising costs & EU fine turns Google bearish
Last week, the world’s leading search engine provider Alphabet (NASDAQ: GOOGL) reported better than anticipated fiscal 2017 second quarter results. However, the stock was battered by speculators due to a $1.353 billion y-o-y decline in the Q2 2017 GAAP net
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