Oil Hits Record High, Near $140 a Barrel
Monday, June 16th, 2008Light, sweet crude for July delivery rose to a trading record of $139.89 a barrel today, but retreated slightly to trade up $4 at $138.86 a barrel on the New York Mercantile Exchange.
Posts Tagged ‘Goldman Sachs’
Oil Price Surge is an Overreaction: Goldman Sachs
Sunday, June 8th, 2008As per Goldman Sachs, the recent sharp rise in oil prices can’t be explained by fundamentals. Goldman Sachs Managing Director and Chief Economist Jim O’Neill said Sunday that oil’s sharp rise Friday “relied on the shock of the comments of the European Central Bank the day before and the renewed weakness of the U.S. dollar.”
Verizon to Acquire Alltel
Sunday, June 8th, 2008Verizon is going to buy Alltel equity and debt in a transaction worth $28.1 billion. Verizon will purchase Alltel from TPG Capital and GS Capital Partners, for about $5.9 billion in cash and will assume Alltel’s debt, which is estimated to be $22.2 billion, making the total transaction value $28.1 billion.