Mark Levin

ON AIR NOW

Mark Levin

3:00pm - 6:00pm

Contact
Business News


Let the oil patch consolidation race begin. Royal Dutch Shell is acquiring British oil and gas company BG Group for $70 billion.  The acquisition will be the largest in 15 years. BG Group took a roughly $8.9 billion write down in February on its oil and gas assets to reflect the past year's sharp fall in oil prices. (Wall Street Journal)

McDonald's is trying out premium burgers again-adding third-pound sirloin patties to its U.S. menu for a limited time. It's the latest move by the new CEO to revive sales at the struggling fast-food chain. (WSJ)

Loan applications to purchase a home rose for the third straight week. Purchase applications are now 12% higher than the same week one year ago. (CNBC)

The FTC informed Dollar Tree that it must divest 340 stores before it can complete its $8.5 billion takeover of rival discount retailer Family Dollar. Dollar Tree said it expects almost all of those divested stores to be current Family Dollar locations. (CNBC)

The S&P 500 is up 1 and the NASDAQ is up 4. The MSCI international index is flat.

Oil was up 3.5% yesterday but is down this morning after the API said weekly crude stocks rose 12.2 million barrels. Meanwhile, Saudi Arabia reported record output in March. Oil services company Baker Hughes says the average U.S. rig count for March was 1,110, down 238 from February and down 693 from a year ago. Oil is down $1.27 at $52.75 a barrel. (Reuters)
 

Hide Comments

News
Traffic

 

 

  • NE 27th Street between NE Butler Market and Jill Avenue for roadwork related to roundabout construction, full road closure with detour, 4/13/20 - 7/27/20 
  • 15th Street between Knott Road and the new collector road for infrastructure installation, full closure of the roadway, 12/26/20 - 7/31/20 

 

KBND ON FACEBOOK
 
FOLLOW US ON TWITTER