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Stock Market & Financial Investment News

News Breaks
November 29, 2012
11:04 EDTADM, AEP, MPC, CNI, KSU, EPDObama being urged to declare Mississippi emergency on water level, Bloomberg says
President Obama is being urged to declare an emergency for the Mississippi River because of low water levels due to drought conditions combined with a seasonal dry period, says Bloomberg, adding that Mississippi barges handles a significant amount commodities transport. Reference Link
News For ADM;AEP;MPC;CNI;KSU;EPD From The Last 14 Days
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October 1, 2014
16:21 EDTMPCMarathon Petroleum initiated with a Top Pick at RBC Capital
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15:50 EDTEPDEnterprise deal a meaningful long-term positive, says Wells Fargo
Wells Fargo views Enterprise Products' (EPD) purchase of most of Oiltanking Partners (OILT) and its proposal to acquire the rest as a modest financial positive for Enterprise but a meaningful long-term positive in a strategic sense. The firm views the deal as net neutral for Oiltanking Partners unitholders. Wells maintains its Outperform rating on shares of Enterprise Products.
11:31 EDTADMArcher Daniels completes acquisition of WILD Flavors
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09:07 EDTEPDEnterprise Products buys Oiltanking unit for approximately $4.41B
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09:04 EDTEPDEnterprise Products proposes merger of Oiltanking Partners
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09:03 EDTEPDEnterprise Products acquires partner interests in Oiltanking Partners
Oiltanking Partners (OILT) announced that Oiltanking Holding Americas, a subsidiary of Oiltanking GmbH, has sold its 64.7% limited partner interest in the Partnership, represented by 15,899,802 common units and 38,899,802 subordinated units in the Partnership, as well as its 2% general partner interest and related incentive distribution rights, to Enterprise Products (EPD). Oiltanking Partners, through its wholly owned subsidiaries, Oiltanking Houston and Oiltanking Beaumont, engages in the terminaling, storage and transportation of crude oil, refined petroleum products and liquefied petroleum gas at its terminals located on the Houston Ship Channel and in Beaumont, Texas. In the transaction, Oiltanking Holdings received Enterprise common units valued at approximately $2.20B and $2.21B of cash for total consideration of approximately $4.41B. Christian Flach, former Chairman of the Board of Directors of the general partner of the Partnership, has joined the Board of Directors of Enterprise's general partner. Enterprise also paid $228M to an affiliate of Oiltanking Holdings to purchase notes receivables and accrued interest thereon due from the Partnership and its subsidiaries.
September 30, 2014
11:46 EDTADMArcher Daniels and Marubeni expands Kalama Export joint venture
Archer Daniels and Marubeni announced that they have expanded Kalama Export Company, their joint venture in the U.S. Pacific Northwest, as a result of Marubeniís contribution of its grain export elevator operations at Terminal 5 in The Port of Portland, Oregon, to Columbia Export Terminal, a subsidiary of KEC. In connection with the transaction, the parties also intend to rename KEC as Pacificor.
September 29, 2014
09:20 EDTEPDEnterprise Products completes initial segment of Aegis ethane pipeline
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09:02 EDTEPDEnterprise Products announces ninth NGL fractionator at Mont Belvieu complex
Enterprise Products Partners L.P. will build its ninth natural gas liquid fractionator at its complex in Mont Belvieu, Texas. This ninth fractionator will have a nameplate capacity of 85,000 barrels per day and is expected to begin operations as early as January 2016. Upon completion of the ninth NGL fractionator, Enterprise will have gross nameplate NGL fractionation capacity of 755,000 BPD at Mont Belvieu and total gross NGL fractionation capacity of approximately 1.2 million BPD. Generally, the operating rates for our Hobbs fractionator and the last five fractionators built at Mont Belvieu have exceeded nameplate capacity. Enterprise will have approximately 265,000 BPD of propane production capability at Mont Belvieu upon the completion of the ninth fractionator.
September 26, 2014
12:06 EDTCNICanadian National sees frac-sand franchise generating C$300M in 2014
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September 24, 2014
14:02 EDTCNICanadian National sells rail line to Metrolinx for C$76M
Canadian National announced the purchase by Metrolinx of a segment of Canadian National rail line principally used by GO Transit commuter trains in the Georgetown-Kitchener, Ont., area west of Toronto for C$76M. Metrolinx is acquiring the segment of Canadian National's Guelph Subdivision from a point west of Main Street in Georgetown to a location near Park Street in Kitchener. Canadian National will retain freight operating rights over the line segment sold to Metrolinx.
September 23, 2014
10:02 EDTMPCOn The Fly: Analyst Initiation Summary
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06:04 EDTMPCMarathon Petroleum initiated with an Overweight at JPMorgan
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September 22, 2014
07:25 EDTCNI, KSUCitigroup to hold a conference
Industrials Conference to be held in Boston on September 22-24.
September 18, 2014
07:22 EDTCNICanadian National fined for missing grain quota, Globe and Mail reports
The Canadian government is imposing its first monetary penalty under the recently passed Fair Rail for Grain Farmers Act, fining Canadian National Railway for failing to move its required minimum amount of grain each week, said The Globe and Mail, which noted that a CN spokesman said the company had not been informed by the government about the fine. Reference Link

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