BP to Buy Archaea Energy for $4.1B in Record-Breaking Renewables Deal
In the largest ever renewable gas acquisition, BP will purchase Houston-based Archaea Energy Inc. for $4.1 billion, the companies announced. Earlier in 2022, Chevron Corp bought biodiesel maker Renewable Energy Group for $3.15 billion. With the deal, BP hopes to expand its alternative fuels business, as it pledged in early 2020 to cut greenhouse gas emissions and oil and gas production...
Premium
Diamondback Energy the Latest to Expand in the Permian Basin
Texas-based oil and gas company Diamondback Energy has announced a $1.6 billion deal to acquire FireBird Energy, consolidating its fossil fuel assets and maximizing growth in the Permian Basin. Diamondback will pay $775 million in cash and 5.6 million shares valued at about $140 each...
Premium
Staax Aims to Attract a New Generation of Investors with Peer-to-Peer...
Investing can seem daunting if you’ve never done it before. Enter Staax, a startup platform that helps new investors over the logistical hump. Paying friends back through platforms like Venmo has become standard practice for all ages, but particularly for young adults. For Nikki Varanasi, the method gave her an idea, which she pitched in October to TechCrunch Disrupt’s Startup Battlefield. Varanasi’s idea became Staax.
Premium
Finance CEOs to Stay Home During U.N. Climate Summit
Top-level finance executives are skipping this year’s COP 27 climate summit, but their absence may mean absolutely nothing, some say. BlackRock Inc. and Citigroup Inc., for instance, are not sending their Chief Executive Officers to the U.N. conference in Egypt, according to Bloomberg. Instead, senior delegations will attend...
Goldman Reorganizes Business Structure
Following a 44% drop in third-quarter profit, Goldman Sachs Group Inc. announced it will reconfigure its business into three units and reduce expectations for its consumer bank, which currently does not make money. "We are making it clear that we're pulling back on some of that now," Chief Executive Officer David Solomon told an analyst briefing, according to Reuters...
Premium
Flexjet to Merge with SPAC in $3 Billion Deal
Private jet company Flexjet has announced a merger with special purpose acquisition company (SPAC) Horizon Acquisition Corp. II in a transaction that will value the combined entity at $3.1 billion, including debt. Flexjet offers fractional ownership and leasing of private jets on a subscription basis to high-net-worth individuals and Fortune 500 companies through approximately 10,000 committed contracts...
DHS to Buy Climate-Tech Firm Hen-go for $670M
DHS Ventures & Holdings has announced that it will acquire Japanese climate-tech platform Hen-go in a $670 million deal. With the purchase, DHS, a private equity investment leader in the digital transformation of energy management and sustainability, intends to expand its capabilities in energy, sustainability, and environmental commodity consulting, according to Executive Vice Chairman Fernando Aguirre...
Debate Swirls Around ESG Investing
Some investors are calling for more transparency surrounding ESG funds, which are invested in companies that meet environmental, sustainability, and governance criteria. Firms including BlackRock, Vanguard, and Fidelity have launched such funds to incentivize values including diversity, equity and inclusion, pollution and carbon emissions reductions, and data security, among others...
Premium
Put Your Crypto Money Where Your Passions Lie
Now in its second decade of existence, cryptocurrency has finally found its way into American culture. Recently, whether music, art, or sports, non-fungible tokens (NFTs) have become ubiquitous. And for investors, that shift in focus means opportunity. “We’re seeing this convergence of culture, finance, and technology,” Jamie Burke, Chief Executive Office of VC fund and accelerator Outlier Ventures...
Premium
Credit Suisse Problems Not Proprietary, Fintech CEO Says
Losses for scandal-racked Credit Suisse could reach $3 billion, driving its core capital below 13%, according to Moody’s Investors Service. S&P Global also predicts the bank will fall into credit negative territory. “The current market environment is not supportive of restructuring and is not supportive of Credit Suisse’s current capital market business model,” said Alessandro Roccati, Senior Vice President of Moody’s financial institutions group...
Popular Articles
Hertz Appoints Scott M. Haralson as Chief Financial Officer
Hertz Global Holdings, a prominent global rental car company, has announced the appointment of Scott M. Haralson as Chief Financial Officer. "His deep expertise in financial management and leveraging the capital markets to drive business transformation will be invaluable to Hertz as we rotate our fleet, deliver operational excellence, build greater cost discipline and undertake other key initiatives to improve our financial performance", stated Hertz CEO Gil West...
Navan Appoints Amy Butte as Chief Financial Officer
Navan, the comprehensive super app simplifying travel and expense management, announced the appointment of Amy Butte as Chief Financial Officer effective June, 2024. Butte, who joined Navan's Board of Directors in April 2024, has resigned from her role as Audit Committee Chair to assume this executive position...