Revlon Stock Soars on Report of Potential Acquisition Out of Bankruptcy

Text size Revlon filed for bankruptcy earlier this week. Getty Images Revlon stock soared more than 53% in premarket trading Friday after a report said Indian conglomerate Reliance Industries (RIL.India) is considering buying the cosmetics maker after it filed for bankruptcy. The news was reported by Business channel ET Nowwhich cited unidentified sources. Revlon (ticker: … Read more

America’s richest oilman, Harold Hamm, wants to take his company Continental Resources private

Continental Resources Inc. shares jumped nearly 15% Tuesday after shale pioneer and billionaire Harold Hamm offered to take private the shale oil and gas company he founded for about $ 4 billion. Continental CLR, + 14.11% earlier Tuesday said that Hamm and family offered to take the company private for $ 70 a share, a … Read more

Alibaba Stock Jumps to 2-Month High. Thank Videogames.

Text size Alibaba and other Chinese tech stocks have been beaten down amid regulatory pressures. Greg Baker / AFP via Getty Images Alibaba and other Chinese tech stocks roared higher on Wednesday as a wave of videogame approvals from regulators in China boosted sentiment on the sector. China’s gaming regulator greenlit the publishing licenses for … Read more

Meet the man behind the UK sanctions regime

“It feels a little bit like on variety TV shows years ago. You had those people who spin plates, and they’d go round and by the time the first one has stopped spinning, you’ve got to go back to the start and do it again. It does feel a little bit like that. ” The … Read more

Deere Beats Earnings Estimates and Raises Guidance. The Stock Falls Anyway.

Text size Deere has earned more than expected for 10 consecutive quarters. Mark Hirsch / Getty Images Deere reported fiscal second-quarter earnings that beat Wall Street expectations. Full-year earnings guidance was raised too. The stock fell anyway on Friday. Deere (ticker: DE) reported earnings per share of $ 6.81 from sales of $ 13.4 billion. … Read more

Evidence of Nosedive Suggests Boeing Not at Fault in China Eastern Crash

Text size A passenger stands inside a terminal in front of a China Eastern plane at Shanghai Hongqiao International Airport. Qilai Shen / Bloomberg Boeing shares rose on news that the tragic crash of a 737-800 operated by China Eastern Airlines probably wasn’t caused by a plane malfunction. The Wall Street Journal, citing US officials, … Read more