Whiting Petroleum Corporation (New) News
Diamond Offshore Files for Bankruptcy as Price War, Pandemic Slam Oil Prices
Diamond Offshore Drilling files for bankruptcy as a price war and the coronavirus pandemic crushed crude oil prices.
Continental Resources Reportedly Declares Force Majeure as Coronavirus Tanks Oil Prices
Continental Resources invokes force majeure on at least one of its oil delivery contracts after oil prices collapsed.
15 Companies Facing Bankruptcy in the Coronavirus Pandemic
The number of companies filing for Ch. 11 or 7 will rise as the shutdowns continue and more Americans are unemployed.
Whiting Petroleum Files for Bankruptcy
Whiting says existing shareholders would get a 3% equity stake in the reorganized company under its restructuring plan.
Whiting Petroleum Shares Off on Report It Might Buy Rival and on Wolfe Downgrade
The Denver energy company is down after Reuters reported it's exploring an all-stock acquisition of smaller rival Abraxas. Whiting was also downgraded at Wolfe Research.
Morgan Stanley Stock Leads Gains As Banks Boost Dividends After Fed Stress Tests
Morgan Stanley, Wells Fargo, Bank of America and Goldman Sachs will lift their quarterly dividend, while JPMorgan will hold its steady following last week's Fed stress tests.
Nike Stock Slides As As Margin Pressures, China Worries Offset Q4 Earnings Beat
"We think we're well positioned for growth in fiscal year 2023 ... having said that, we did take a cautious approach to Greater China," said CFO Matthew Friend.
Playtika Stock Surges On Report of Joffre Capital Interest in Online Casino Gaming Group
Axios reported late Monday that tech buyout group Joffre Capital is seeking a majority stake in the online casino video game group.
Walgreens Stock Slides As Group Scraps Plan to Sell UK-based Boots
"As a result of market instability ... no third party has been able to make an offer that adequately reflects the high potential value of Boots," Walgreens said.