Chevron To Buy Remaining Stake In Noble Midstream In All-Stock Deal
Integrated energy company Chevron Corp. (CVX) announced Friday that it has signed a definitive agreement to buy all remaining 33.925 million shares in Noble Midstream Partners, LP (NBLX), which it does not already own.
As per the terms of the all-stock deal, each Noble Midstream unit holder will receive 0.1393 of Chevron shares.
The transaction is expected to be completed in the second quarter of 2021, subject to customary approvals.
Citi is acting as the financial advisor and Latham & Watkins LLP is acting as the legal advisor to Chevron in the deal.
In pre-market trade, Chevron shares are up 1.75 percent.
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MLB 2021: Risk-reward players and potential busts to avoid this season
While spring training is a time for optimism and thinking about upside, it’s important to temper expectations with players who may have overachieved last season. In certain cases, past performance does not guarantee future success.
There are also several players who may have seen their best days behind them. Although they could return to past glory, Father Time is a formidable opponent and the performance curve is tough to reverse.
FANTASY RANKINGS:Top 200 overall players in 2021
For fantasy baseball mangers, these are players you should probably be avoiding in drafts, at least until the value is too good to resist.
Risky: Travis d’Arnaud, Braves – Showing what he’s always been capable of, but can he stay healthy for a full season behind the plate?
Slipping: Wilson Ramos, Tigers – Moving to one of the worst hitters’ parks in baseball won’t help his numbers.
Hibbett Guides FY22 EPS In Line With Estimates – Quick Facts
While reporting financial results for the fourth quarter and full-year 2021 on Friday, athletic-inspired fashion retailer Hibbett Sports Inc. (HIBB) reported comparable store sales for the fourth quarter increased 21.9 percent.
The company also provided guidance for the full-year 2022. It now projects earnings for fiscal 2022 in a range of $5.00 to $5.50 per share on comparable sales ranging from negative low-single digits to positive low-single digits.
On average, three analysts polled by Thomson Reuters expect the company to report earnings of $5.13 per share for fiscal year 2021. Analysts’ estimates typically exclude special items.
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People Can’t Believe Rudy Giuliani’s Warning About Misinformation Isn’t A Comedy Bit
Twitter users greeted Rudy Giuliani’s warning about the dangers of misinformation with derision and disbelief.
Giuliani cautioned on Twitter this week how misinformation “has become a daily occurrence on social media platforms” that if unaddressed would “eventually lead to Jefferson’s worst nightmare of a poorly informed citizenry, which he saw as the greatest danger to democracy.”
Critics recalled how Giuliani had, as Donald Trump’s personal lawyer, been one of the main peddlers of the conspiracy theory that Trump had won the 2020 election.
The lie culminated in the Jan. 6 storming of the U.S. Capitol by a violent mob of Trump supporters intent on overturning the election result. At a pre-riot rally, Giuliani called for “trial by combat.”
Others reminded the former New York City mayor of the $1.3 billion lawsuit he faces for allegedly defaming Dominion Voting Systems with his election fraud falsehoods.
Many detractors mockingly suggested it was a parody post:
Big Lots Issues Q1 Earnings Guidance; Declares Dividend
Big Lots, Inc. (BIG) said the company expects its financial performance in 2021 will be significantly affected by the Covid-19 pandemic. For the first quarter, the company expects earnings per share in the range of $1.30 to $1.45, based on a low-single-digit comparable sales increase.
Fourth quarter net income per share was $2.59, compared to $2.39, a year ago. On average, nine analysts polled by Thomson Reuters expected the company to report profit per share of $2.50, for the quarter. Analysts’ estimates typically exclude special items.
Fourth quarter net sales were $1.74 billion, up 8.1% from last year, with the growth resulting from a 7.9% increase in comparable sales, and sales growth from new and relocated non-comp stores, offset by a slightly lower average store count year-over-year. Analysts expected revenue of $1.74 billion, for the quarter.
On March 4, 2021, the company’s Board of Directors declared a quarterly cash dividend of $0.30 per common share for the first quarter of fiscal 2021. The dividend will be paid on April 2, 2021, to shareholders of record as of the close of business on March 19, 2021.
Big Lots Inc. Profit Rises In Q4
Big Lots Inc. (BIG) revealed a profit for its fourth quarter that climbed from the same period last year.
The company’s bottom line came in at $97.99 million, or $2.59 per share. This compares with $93.76 million, or $2.39 per share, in last year’s fourth quarter.
Analysts had expected the company to earn $2.50 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 8.1% to $1.74 billion from $1.61 billion last year.
Big Lots Inc. earnings at a glance:
-Earnings (Q4): $97.99 Mln. vs. $93.76 Mln. last year.
-EPS (Q4): $2.59 vs. $2.39 last year.
-Analysts Estimate: $2.50
-Revenue (Q4): $1.74 Bln vs. $1.61 Bln last year.
Next quarter EPS guidance: $1.30 to $1.45