Elon Musk completes Twitter purchase, fires CEO and other top execs
Twitter Inc. is now owned by Elon Musk, with multiple media outlets reporting Thursday night that the...
Twitter Inc. is now owned by Elon Musk, with multiple media outlets reporting Thursday night that the long-anticipated sale had officially closed.
The Wall Street Journal, Washington Post and others reported, based on unnamed sources, that the top executives of Twitter TWTR, were fired and escorted from the building, including Chief Executive Parag Agrawal, Chief Financial Officer Ned Segal and Vijaya Gadde, head of legal policy, trust and safety.
The acquisition ends months of legal wrangling after Musk, the billionaire CEO of Tesla Inc. TSLA, +0.20% and SpaceX and a frequent Twitter user, offered to buy Twitter in April. After reaching an agreement with Twitter’s board to buy the social media company for $44 billion, Musk tried to back out of the deal and Twitter sued him. He faced a Friday deadline to complete the deal or face trial.
Benchmark U.S. crude oil for December delivery rose $1.17 to $89.08 a barrel Thursday. Brent crude for December delivery rose $1.27 to $96.96 a barrel.
Wholesale gasoline for November delivery rose 11 cents to $3.01 a gallon. November heating oilrose 21 cents to $4.33 a gallon. November natural gasfell 42 cents to $5.19 per 1,000 cubic feet.
Mammoth Energy Services reported third-quarter results Thursday. The company expects continued...
Mammoth Energy Services reported third-quarter results Thursday. The company expects continued strong demand in its three largest divisions.
Arty Straehla, chief executive of Mammoth said, "Our businesses exhibited strong performance in the third quarter with substantial revenue growth in all of our segments year-over-year, leading to significant net income and Adjusted EBITDA growth. We continue to experience strong demand environments across our three largest segments, Infrastructure Services, Well Completion services and our Sand Business.
EIA reports a smaller-than-expected weekly rise in U.S. natural-gas supplies
The ...
The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies rose by 52 billion cubic feet for the week ended Oct. 21. That compared with a market forecast for an increase of 61 billion cubic feet, according to an estimate from the Dow Jones economic calendar. Total working gas stocks in storage stand at 3.394 trillion cubic feet, down 142 billion cubic feet from a year ago and 197 billion cubic feet below the five-year average, the government said.
Amazon stock sinks after holiday forecast and cloud growth, profit disappoint; $150 billion in market cap at risk
Amazon.com Inc. predicted Thursday that holiday sales and profit...
Amazon.com Inc. predicted Thursday that holiday sales and profit would come in well lower than analysts expected as cloud growth slowed and Amazon Web Services profit missed expectations by nearly $1 billion, sending shares south in after-hours trading.
Amazon AMZN, -4.06% executives guided for fourth-quarter operating profit of break-even to $4 billion and holiday sales of $140 billion to $148 billion, while analysts on average were expecting operating income of $5.05 billion on revenue of $155.09 billion, according to FactSet. AWS sales of $20.54 billion grew 27.5% from the year before, the lowest growth rate for the pioneering cloud-computing product in records dating back to the beginning of 2014, and lower than analysts’ average estimate of $21.2 billion; AWS operating income of $5.4 billion handily missed analysts’ average estimate of $6.37 billion, according to FactSet.
