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Oil Prices Advance Pre-Bell; WTI Trades Above $50 Per Barrel

West Texas Intermediate (WTI) crude oil futures for delivery in November were 1.3% higher at $50.45 per barrel during Monday’s pre-market trading session while Brent crude futures for delivery in December were 1.3% higher at $52.62 per barrel. The pre-bell price gains come despite a slight rise in the valueRead More

AdvancePierre Foods Holdings Purchases Allied Specialty Foods for $60 Mln

AdvancePierre Foods Holdings (APFH) completed a $60 million acquisition of Allied Speciality Foods Inc, the company said Monday. The sandwich and sandwich-component creator bought the Philly steak-producing Allied Foods from Steven Zoll. The deal was funded from cash savings, and AdvancePierre saints expects the deal to assist with FY 2017Read More

Gas Natural Rallies 70% on Sale to First Reserve For $13.10 A Share

Gas Natural (EGAS), which operate utilities for 68,000 customers in four U.S. states, Monday reported a $13.10 a share merger agreement with energy-infrastructure investor First Reserve. The sale price was 70.6% above Gas Natural’s Friday close. Shares of Gas Natural are 70% higher in Monday’s premarket trading. The sale priceRead More

Netflix Up More Than 3%

Netflix (NFLX) is up more than 3% after the company signed a deal with iPic Entertainment, a luxury-theater chain with 15 U.S. locations, to screen 10 movies simultaneously with their release online. Under the deal, the 10 Netflix films will screen at iPic theaters in L.A. and New York City,Read More

Red Robin Gourmet Burgers Closes Fast-Casual Prototypes as Part of “Strategic Reevaluation”

Red Robin Gourmet Burgers (RRGB) said Wednesday it closed nine of its Red Robin Burger Works fast-casual prototype stores on Sept. 30 and will rebrand the remaining three as “part of a strategic reevaluation of the company’s alternative fast casual platform.” The stores were first introduced in 2011 and meantRead More

Oil Prices Surge on Fifth Straight Week of Falling Inventories

Oil prices rose to multi-month highs on Wednesday after government data showed that US inventories of oil contracted for the fifth consecutive week last week. West Texas Intermediate (WTI) crude oil, the main US oil benchmark, was 2.2% higher at $49.77 per barrel while Brent crude, the international benchmark, wasRead More