The company separately said it would buy back up to $1.5 billion worth of senior notes due in 2021 and 2022 as it tries to reduce its debt, which ballooned to $40 billion after an ill-timed acquisition of Permian producer Anadarko last year. Occidental said it expects preliminary oil and gas production from continuing operations for the second quarter to lean toward the high-end of range of 1.3 million-1.4 million barrels of oil equivalent per day (mboed). The Anadarko purchase saddled Occidental with a huge debt and the oil-price crash has cut the value of assets Occidental picked up in the deal, dashing its hopes of selling some of them to pay down the debt....
Stocks were mostly lower Thursday morning as investors digested a slew of new economic data reports, including new weekly jobless claims and May durable goods orders....
Yahoo Finance's Alexis Christoforous and Brian Sozzi join Michael Gapen, Barclays Chief U.S. Economist to discuss ongoing jobless claims, economic recovery and the bankruptcy of Chuck E. Cheese Parent company. ...
Yahoo Finance’s Alexis Christoforous and Brian Sozzi break down the latest coronavirus news with Dr. Dara Kass, Yahoo Finance Medical Contributor and Columbia University Associate Professor of Emergency Medicine. ...
Catalent will fill and package doses, support production and provide additional staffing for around-the-clock operations to produce the vaccine, which is still in clinical trials. The vaccine, among the first to be tested in humans in the United States, was found to produce protective antibodies in a small group of healthy volunteers last month. Moderna is preparing to begin the final stages of testing in July to evaluate the vaccine's effectiveness in preventing the respiratory illness in around 30,000 adult trial participants....
