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Stock Market & Financial Investment News

News Breaks
January 21, 2014
07:10 EDTACN, STOAccenture selected by Statoil to provide finance and control services
Accenture (ACN) announced it has been selected by Statoil ASA (STO) to provide finance and control services globally on an outsourced basis to help the company drive efficiencies and support its global organization. Under the terms of the agreement, Accenture will provide finance and control outsourced services in the areas of joint venture reporting, financial reporting, statutory and tax reporting, production and revenue accounting, financial model and master data, cost allocation, collection and indirect tax reporting, billing and trade accounting.
News For ACN;STO From The Last 14 Days
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September 18, 2014
07:19 EDTACNAccenture weekly volatility elevated into Q4 and outlook
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07:14 EDTACNAccenture should be bought on any weakness, says Wells Fargo
Wells Fargo expects Accenture to report in-line Q4 results but believes that its initial FY15 guidance could come in below expectations, partly due to reduced IT spending this year by some enterprises. However, the firm still thinks that the company has "the most admirable" IT services business" and recommends buying the stock on any near-term weakness caused by a guidance miss. It keeps an Outperform rating on the shares.
September 16, 2014
09:59 EDTACNOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: ACI Worldwide (ACIW) initiated with a Neutral at Sterne Agee... ADP (ADP) initiated with a Market Perform at Bernstein... ANSYS (ANSS) initiated with a Sector Perform at RBC Capital... Accenture (ACN) initiated with a Market Perform at Bernstein... Blackhawk (HAWK) initiated with a Neutral at Sterne Agee... Coca-Cola (KO) initiated with a Market Perform at Cowen... Cognizant (CTSH) initiated with an Outperform at Bernstein... Constellation Brands (STZ) initiated with a Market Perform at Cowen... Dr Pepper Snapple (DPS) initiated with a Market Perform at Cowen... GenCorp (GY) initiated with a Hold at KeyBanc... Global Payments (GPN) initiated with a Neutral at Piper Jaffray... GoPro (GPRO) initiated with a Buy at Cleveland Research... Green Dot (GDOT) initiated with a Neutral at Sterne Agee... Lionsgate (LGF) initiated with a Buy at ISI Group... MEDNAX (MD) initiated with a Neutral at SunTrust... MasterCard (MA) initiated with a Buy at Sterne Agee... Molson Coors (TAP) initiated with an Outperform at Cowen... Monster Beverage (MNST) initiated with a Market Perform at Cowen... NetSuite (N) initiated with an Outperform at RBC Capital... Oracle (ORCL) assumed with a Sector Perform at RBC Capital... PepsiCo (PEP) initiated with an Outperform at Cowen... SAP (SAP) initiated with a Sector Perform at RBC Capital... Teekay (TK) initiated with a Hold at Deutsche Bank... Tesla (TSLA) initiated with a Buy at ISI Group... Visa (V) initiated with a Buy at Sterne Agee... Western Union (WU) initiated with a Neutral at Sterne Agee... Workday (WDAY) initiated with an Outperform at RBC Capital... Yelp (YELP) initiated with a Neutral at RW Baird... Zillow (Z) initiated with an Overweight at Stephens... zulily (ZU) initiated with an Outperform at RW Baird.
09:59 EDTACNOn The Fly: Analyst Downgrade Summary
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07:40 EDTACNAccenture initiated with a Market Perform at Bernstein
Target $86.
07:37 EDTACNAccenture downgraded to Neutral from Buy at Citigroup
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September 12, 2014
05:26 EDTSTOStatoil exits two assets on NCS for $1.3B
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September 10, 2014
09:07 EDTSTOGE, Statoil, Ferus Natural Gas Fuels announce pilot project expansion
A joint venture of GE (GE) and Ferus Natural Gas Fuels,along with Statoil (STO) announced the planned expansion of a pilot project to capture flare gas and use it to power up to six of Statoilís drill rigs and one frac fleet in North Dakota. The expansion is the first step by Statoil to move into full commercial adoption of the GE and Ferus NGF joint ventureís Last Mile Fueling Solution, which is expected to reduce emissions and provide cost-savings and logistics solutions for the companyís Bakken oilfield operations. The company anticipates this new commercial expansion will increase its flare gas capture to between 3M-5M standard cubic feet per day by the end of 2014, equating to GHG emissions reductions of between 120K and up to 200K metric tons per year, or the equivalent of removing between 25K-45K cars from the road.
September 8, 2014
14:46 EDTSTODrilling of Statoil well off Norway held up by Greenpeace gripe, Bloomberg says
Drilling of Statoil's first well off Norway in the Barents Sea may be delayed following a complaint from Greenpeace, Bloomberg reports. Drilling can't begin until the Norwegian Environment Agency handles the appeal this week, Bloomberg added, citing an e-mail from Reidar Evensen, a spokesman for the agency. Greenpeace says the arctic well being pursued by Statoil is an oil-spill hazard and that "the field is too close to vulnerable resources such as Bear Island and the the ice edge." Reference Link
08:03 EDTACNGeneral Electric, Accenture launch Intelligent Pipeline Solution
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