The fast-paced program is the quintessential market close show leading up to the final minutes and seconds before the closing bell on Wall Street with the latest news, data and expert analysis.
Insight and analysis of top stories from our award winning magazine “Bloomberg Businessweek”.
This QuickTake adaptation of our award-winning podcast, The Pay Check, focuses on the racial wealth gap.
Laurentian Bank Surges as Commercial Lending Fuels Turnaround
Ex-NFT Marketplace Employee Charged with Insider Trading
Inside Twitter, Shuffled Jobs and Elon Musk Tweets Dampen Morale
Elon Musk’s Boring Co. Pitched Texas on Tunnels for Cars, People and Water
RedBird Agrees $1.3 Billion Deal for AC Milan Football Club
Denmark Set to Join EU’s Defense Pact in Response to Russia’s War
US Officials Are Split Over the Next Round of Russia Sanctions
Archegos Lawyer Argues Banks Knew How the ‘Game’ Is Played
Jamie Dimon Says JPMorgan Is Bracing Itself for Economic ‘Hurricane’
LaGuardia’s $4 Billion Revamped Terminal Is Finally Opening
John Leguizamo Fine-tunes His New Musical ‘Kiss My Aztec!’
Crypto, Clearing and Credit
Top Gun Is a Hollywood Maverick When It Comes to China
The Red-Hot US Labor Market Is Suddenly Not
Seven Ways to Beat Burnout and Get Your Career Back on Track
Tommy Hilfiger Comes Home With a Business Program at His Local College
Crypto Goes Shopping for a Regulator It Can Push Around
California Panel Proposes Reparations, Free College for Black Students
Amy’s Kitchen Faces Labor Complaints at Its San Jose Plant
Buffalo Supermarket Gunman Indicted on Terror, Hate Charge
Big Airlines’ Are Betting on False Solutions to Cut Emissions, Greenpeace Says
Mercedes Doubles GLC’s Electric Range as Emissions Rules Bite
Chicago Offers a Blueprint for Expanding Urban Internet Access
How Dublin’s Modest Terraced Houses Came Back Into Fashion
A Photographer Records Shanghai’s Final Days Before Lockdown
Ex-NFT Marketplace Employee Charged with Insider Trading
Bitcoin’s Stock-Market Decoupling Proves Fleeting
Bank of England Says Stablecoins Aren’t Stable for Investors
Antonio Vanuzzo
Saipem SpA reached an agreement to sell its onshore business to KCA Deutag in a move to help trim its debt pile after the Italian drilling specialist issued a shock profit warning earlier this year.
KCA will pay $550 million for the unit, according to a statement Wednesday. Saipem will get a 10% stake in the UK oil drilling firm as part of the accord. Proceeds from the deal, previously reported by Bloomberg, “will improve Saipem’s liquidity, lowering its net debt,” the company said.
Saipem Sells Onshore Drilling Business to KCA Deutag to Cut Debt – Bloomberg
