Tag Archives: Occidental

Financial Daily Dose 6.27.2019 | Top Story: DOJ Criminal Inquiry Into Chicken Industry Price Fixing

BY: Michael D. Reif | June 27, 2019

The DOJ has jumped on board claims made in existing civil class-action lawsuits and is considering criminal price-fixing charges against “some of the biggest American poultry companies, including Tyson Foods and Pilgrim’s Pride” based on allegation that Big Chicken “conspired to manipulate chicken prices” – NYTimes and Law360 Despite reportedly holding off on promised tariffs … Continue reading

Financial Daily Dose 5.31.2019 | Top Story: Fed Eyeing Global Stability in Future Rate-cut Decisions

BY: Michael D. Reif | May 31, 2019

Fed vice chair Richard Clarida, in comments to the Economic Club of NY on Thursday, hoped to calm turbulent markets by noting that central bank officials would indeed consider lower-than-desired inflation along with “global economic and financial developments” as part of any decision to move away from its current “patient stance” and “toward cutting interest … Continue reading

Financial Daily Dose 5.7.2019 | Top Story: Occidental Ups Cash Bid for Anadarko

BY: Michael D. Reif | May 7, 2019

Occidental has increased the cash portion of its recent bid for rival Anadarko, upping the cash side of its $38 billion offer to 78% (from 50%). Chevron now has 4 days to sweeten its bid or lose out – NYTimes and WSJ and Bloomberg Some details of the White House’s sudden shift over the weekend … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | April 24, 2019

Tuesday was yet another banner day on Wall Street, with the S&P 500 and Nasdaq closing at new highs.  Most market watchers think we have the Fed’s recent pivot on interest rates to thank for the continuing bull market (especially given the ongoing global uncertainty) – NYTimes and WSJ and Bloomberg and MarketWatch Occidental Petroleum … Continue reading