Wilks Brothers Swoop In With Competing Offer for Calfrac

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Wilks Brothers Swoop In With Competing Offer for Calfrac

Wilks Brothers LLC has made a competing proposal to recapitalize struggling energy company Calfrac Well Services Ltd. and criticized management’s deal as favoring insiders. The offer, which seeks to displace the company’s restructuring plan announced in …
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T-Mobile switches on standalone 5G network, expands coverage by 30 percent

T-Mobile says that it has officially switched on “the world’s first standalone 5G network,” allowing the company to maximize the use of its 600MHz 5G spectrum. Previously, that 600MHz footprint was directly tied to the carrier’s LTE coverage map and thus …
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Warner Music Posts Loss, Revenue Decline as Covid Drags on Businesses

Warner Music WMG -1.47% Group Corp. swung to a loss in the most recent quarter, but revenue declined less than expected as streaming continued to surge despite the Covid-19 pandemic. Shares in the New York company, which listed on the Nasdaq at …
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UPDATE 1-IMF says coronavirus may shrink global imbalances further in 2020

(Adds details on currencies, commodity exporters). WASHINGTON, Aug 4 (Reuters) – The International Monetary Fund said on Tuesday that global current account imbalances narrowed in 2019 as trade slowed, and the coronavirus could narrow them further …
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2021 Mazda 3 2.5 Turbo Starts Above $30000

The Mazda 3 continues its march upmarket with the new-for-2021 2.5 Turbo model, which starts at $30,845 for the sedan model. It’s powered by a turbocharged 2.5-liter inline-four that makes 250 horsepower and 320 lb-ft of torque and comes standard with a …
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