Whiting Petroleum Corporation on Sunday said it would buy Kodiak Oil & Gas Corporation for $3.8 billion in stock, and assume $2.2 billion of Kodiak's debt.
Asian stocks advanced, with the regional index rising from its lowest close this month, as copper and nickel climbed. Oil held declines as the threat of supply disruptions in the Middle East abated, while corn slid a 10th day after the U.S.
Reuters reports that earnings from U.S. technology companies will take center stage next week, and possibly give investors new opportunities to invest in this sector.
The New York-based chain, which has four locations in Massachusetts, filed for Chapter 11 bankruptcy protection as part of a deal that will place the company in the hands of CNBC star Marcus Lemonis and Fischer Enterprises.
As everyone expected it would (and the only people wondering were those puzzled as to why it hadn't happened sooner) the SEC has stepped in and suspended trade in the stock of Cynk Technology.