U.S. shale mergers accelerate, as Pioneer-Parsley deal joins roster

© Reuters. FILE PHOTO: A horizontal drilling rig on a lease owned by Parsley Energy operates in the Permian Basin near Midland By Jennifer Hiller and David French HOUSTON/NEW YORK (Reuters) – Consolidation in the U.S. shale industry is accelerating, ratcheting up pressure on oil and gas producers to gobble up smaller rivals, analysts and […]

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Adidas joins Nike in announcing store closures over coronavirus

© Reuters. FILE PHOTO: Adidas clothing seen before the company’s annual news conference in Herzogenaurach, Germany MUNICH (Reuters) – German sportswear maker Adidas (DE:) on Tuesday joined rivals in announcing store closures in response to the coronavirus pandemic. Adidas and Reebok-owned stores in Europe, North America and Canada will be closed temporarily, the company said […]

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