on Wednesday after the International Energy Agency projected a record demand slump through 2020.
The stock payment could prove costly should Occidental emerge triumphant from the coronavirus lockdown. Shares stood at $13.28 as of 1:15 p.m. ET Wednesday, down about 68% year to date. Berkshire held 2% of Occidental shares by the end of 2019, The Journal reported, and its newly bolstered stake could surge in value if oil market demand recovers.Occidental also faces a $40 billion debt pile it needs to pay off, likely boosting the appeal of keeping cash.
So they end paying around 35% intrest
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
iHeartMedia Aims to Save $200 Million This Year Via Pay Cuts, Furloughs, Other ReductionsiHeartMedia announced to investors today a plan to cut up to $250 million from its expenses for 2020. Today’s $200 million plan comes after the company announced $50 million in savings early this y… iHeartMedia iHeart ruined local radio years ago. They cut jobs even in good times. Corporate radio stinks. iHeartMedia One DJ for the whole country playing the same 20 songs on every station. Decided by a committee. No sense of place. No sense of community.
Source: Variety - 🏆 108. / 63 Read more »
iHeartMedia Aims to Save $200 Million This Year Via Pay Cuts, Furloughs, Other ReductionsiHeartMedia announced to investors today a plan to cut up to $250 million from its expenses for 2020. Today’s $200 million plan comes after the company announced $50 million in savings early this y… iHeartMedia iHeart ruined local radio years ago. They cut jobs even in good times. Corporate radio stinks. iHeartMedia One DJ for the whole country playing the same 20 songs on every station. Decided by a committee. No sense of place. No sense of community.
Source: Variety - 🏆 108. / 63 Read more »
Stock-market bull warns investors not to ‘chase the rally’ as ‘epic battle’ between Fed and coronavirus unfoldsCanaccord Genuity chief market strategist is no stranger to bullish stock-market calls, but after a remarkable run for U.S. stocks over the past few weeks,... Gold is terribly dealing with bears. I doubt they even venture it 1st this is NOT a typical “bear market.(Panic) 2nd the market has not reflected the working class economy for decades (faux relief) 3rd the global pandemic is making money for Insiders (rally) 4th Taxpayers bail out banks & corporation already paying net $ 0% (frustration) Main Street America experiences massive loss of income,feels pain & uncertainty, and gets a tiny Congress stimulus (basically a good’ol “addaboy,hang in there”). Wall Street America experiences massive wealth protection, feels euphoria & confidence, and gets a Huge Fed Bailout.
Source: MarketWatch - 🏆 3. / 97 Read more »
For investors banking on dividends, the 'pain has just begun'As companies deal with declining cash flow amid the coronavirus pandemic, they are likely to cut or even suspend dividends. Thats why you buy $TSLA Nothing a little bootstraps and gumption can't fix. ●●●●4\\15
Source: CNBC - 🏆 12. / 72 Read more »