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Encana founder slams $5.5bn Newfield deal

Bloomberg Encana Corp.’s founder and former Chief Executive Officer Gwyn Morgan said he’s disappoi- nted by the driller’s $5.5 billion purchase of New- field Exploration, which moves focus to US and dashes hopes that company would represent Canada on world stage. Morgan, who named the oil and gas producer Encana to evoke “Energy Canada,” blames the move on PM Justin ...

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Tech slump drags on US stocks as crude advances

Bloomberg US stocks were mixed as investors weighed the outlook for elections this week along with signals that a trade deal between the world’s biggest economies remains a ways off. Oil gained for the first time in a week. Apple Inc. led technology shares lower after a report it won’t boost iPhone production. The Nasdaq 100 Index led declines among ...

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Indian stocks fall after best week

Bloomberg India’s stock indexes fell, tracking global peers lower, after capping their best week in more than two years. The benchmark S&P BSE Sensex dropped 0.2 percent to 34,950.92 at the 3:30 pm close in Mumbai after swinging between gains and losses at least four times. Thirteen of the 19 sector indexes retreated, led by a gauge of power-related companies, ...

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