The Houston Astros no-hit the Phillies to tie up the World Series...
The Houston Astros no-hit the Phillies to tie up the World Series at 2–2 last night,which means Mattress Mack is inching closer to making sports gambling history.
Jim “Mattress Mack” McIngvale, a Texas furniture mogul known for placing huge bets on sports, has wagered about $10 million on the Astros to win the World Series. If they do win, he’ll earn almost $75 million—the largest payout on a legal sports bet ever in the US. “I have a high tolerance for risk,” Mack says.
Nonprofits such as Well Done and Environmental Innovators of America are using money from donations by...
Nonprofits such as Well Done and Environmental Innovators of America are using money from donations by corporations and individuals to clean and plug some of the at least 1 million wells left behind by bankrupt oil and natural gas companies. The US's abandoned wells problem is so big that available funding sources fall short to address it, stressing the need for "a larger policy shift, a just transition because we are likely to see many more wells abandoned at a faster rate in the near future," says Scott Eustis with environmental advocacy group Healthy Gulf.
Oilfield servicers ProPetro, Silvertip merge in $150M deal
Midland, Texas-based ProPetro Holding and Silvertip Completion have announced a $150 million combination...
Midland, Texas-based ProPetro Holding and Silvertip Completion have announced a $150 million combination that will create a leading Permian-based, completions-oriented oilfield services company. "It's a marriage of the No. 1 hydraulic fracturing and completions company with the No. 1 wireline perforating and pumpdown service company," says ProPetro Chief Financial Officer David Schorlemer.
Bank of England’s interest-rate hike is its biggest in three decades
The Bank of England made its largest interest-rate increase in...
The Bank of England made its largest interest-rate increase in three decades in response to inflation that the central bank still expects to accelerate.
By a 7-to-2 vote, the U.K. central bank voted to lift rates by a three-quarters percentage point to 3%, as inflation hit a 40-year high in September. The central bank said inflation will further accelerate to 11% in the fourth quarter.
The pound dropped despite the central bank matching the Fed’s three-quarter point rate hike. That’s because of a comment found within the minutes of the meeting, that a majority felt rates would not have to go as high as the implied 5.25% path in financial markets.
Continental Resources Non-GAAP EPS of $2.88 misses by $0.09, revenue of $2.45B beats by $10M
Continental Resources Inc. (CLR) on Wednesday reported third-quarter...
Continental Resources Inc. (CLR) on Wednesday reported third-quarter earnings of $1.01 billion.
On a per-share basis, the Oklahoma City-based company said it had net income of $2.80. Earnings, adjusted for non-recurring costs, came to $2.88 per share.
The independent oil and gas company posted revenue of $2.45 billion in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $2.49 billion.
