Tom Terrarosa covers the energy and industrial sectors for The Deal, focusing on middle market M&A and private equity. Tom also produces The Deal's M&A Tipsheet newsletter and manages The Deal's auctions and M&A Opportunity database, which tracks hundreds of ongoing auction processes and identifies potential takeover opportunities across all industries.
Prior to joining The Deal, Tom was a regional digital producer with Gannett, where his primary responsibilities included editing and optimizing content for the company's six New Jersey newspapers and five affiliated websites. He also has worked as a local news reporter, copy editor and photographer with The Dominion Post in Morgantown, W.Va.
Tom received a Bachelor of Science in Journalism from West Virginia University.
Find Tom on Twitter: @TomTerrarosa
Shareholders' demands for cash returns have led to dwindling investments in long-term energy projects, which may set the world up for a crude oil deficit in the next decade.
The companies should benefit from reduced regulatory costs associated with a plan introduced by the Obama Administration to eliminate greenhouse gasses.
The country has agreed to pay over five years, but COP investors shouldn't be overjoyed as the company is likely to fall very low on the list of priorities for a state that owes $120 billion, including $3 billion to Russia.
Dow DuPont fell on trade concerns after the chemicals producer posted stronger-than-expected second quarter earnings and said year-on-year savings from its $130-billion-merger would help boost sales and profits.
The largest U.S. oil and gas producer beat on revenue, but blamed the overall lackluster results on "scheduled maintenance to support operational integrity."
Shares of Ford fell after reporting disappointing second-quarter earnings and announcing $11 billion in restructuring costs.
The company's earnings missed expectations following a major supplier fire and what Ford called "headwinds in the business environment."
The company said commodity costs and currency exchange rates have had a negative effect on its bottom line and will continue to do so through the rest of 2018.
Just as the president is waging a war on global exporters in an effort to reduce the price of oil, his steel tariffs are costing U.S. companies hoping to build out necessary energy infrastructure that would in theory allow more U.S. oil to come to global markets.
Aerospace unit remains workhorse with 8% year-over-year growth, while the future potential for safety and product solutions impresses analysts thanks to a budding customer relationship with Amazon.
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