New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For LEAP;XOM;BP;NOV;WYNN;ENDP;CIEN;ETH;IPAR;NDAQ;EZPW;CME;CLWR;ADBE From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | all recent news | >>
January 16, 2015
10:24 EDTBP, XOMOptions point to oil falling to near $30 per barrel, Merrill Lynch says
Subscribe for More Information
10:01 EDTBPOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
08:29 EDTBPBP downgraded to Underweight from Neutral at JPMorgan
JPMorgan downgraded BP to Underweight saying it expects 2015/2016 consensus estimates for Big Oil names to decline by more than 50% as oil price outlooks come down.
07:37 EDTBPBP downgraded to Hold from Buy at Canaccord
07:09 EDTCMECME Group weekly volatility increases into Q4 and outlook
CME Group February call option implied volatility is at 25, March is at 23, June is at 21; compared to its 26-week average of 19 according to Track Data, suggesting large near term price movement after the expected release of Q4 results on February 5.
06:49 EDTXOM, BPOil prices climb after IEA says production falling, Reuters reports
Oil prices rebounded today after the International Energy Agency, or IEA, said it saw signs that oil production was falling in some areas, including North America, according to Reuters. "A price recovery...may not be imminent, but signs are mounting that the tide will turn," Reuters quoted the IEA as saying. Oil prices could rebound in the second half of the year, the IEA indicated, the news service reported. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
January 15, 2015
17:53 EDTBPBP may pay up to $13.7B in fines for Deepwater Horizon Gulf spill case, WSJ says
BP may have to pay a maximum $13.7B in fines for the oil that escaped into the Gulf of Mexico in the 2010 Deepwater Horizon incident, says the Wall Street Journal. A federal judge ruled that the company is liable for just over 3M barrels of oil spilled in the disaster, added the Wall Street Journal. Reference Link
13:12 EDTCMEBGC announces contingent increase of offer to GFI Group to $5.85 per share
Subscribe for More Information
08:34 EDTCMECME Group, GFI Group announce revised offer for GFI stockholders to $5.60/share
Subscribe for More Information
07:20 EDTCME, NDAQNASDAQ may enter energy derivatives market, Reuters reports
Subscribe for More Information
06:10 EDTBPBP cutting 300 jobs in onshore roles, Daily Mail reports
Subscribe for More Information
January 14, 2015
18:18 EDTADBEOn The Fly: After Hours Movers
Subscribe for More Information
16:26 EDTADBEAdobe announces $2.0B stock repurchase plan through FY17
Subscribe for More Information
14:02 EDTWYNNNew Jersey reports Atlantic City gaming win down 11.2% to $190.5M in December
Subscribe for More Information
06:54 EDTBP, XOMEnergy Department says oil production to rise this year, NY Times says
Subscribe for More Information
06:29 EDTADBECompanies reach new deal on worker hiring issue, Reuters says
Subscribe for More Information
06:09 EDTCMEBGC announces contingent increase of offer to acquire GFI to $5.60 per share
Subscribe for More Information
06:05 EDTCMEBGC announces contingent increase of offer to acquire GFI to $5.60 per share
January 13, 2015
15:05 EDTCMEBGC Partners increases GFI Group takeover offer to $5.60 per share
BGC Partners (BGCP) disclosed in a regulatory filing that the company delivered to GFI Group (GFIG) an offer letter, dated January 13. As previously disclosed, BGC has engaged in good-faith discussions with the GFI special committee of the GFI board for more than three months, and, in the course of those discussions, BGC believes that it has resolved and addressed each and every meaningful issue raised by the special committee. The executed offer letter and tender offer agreement are the results of those discussions, and, therefore, BGC believes that their terms constitute a “Superior Proposal” under the agreement and plan of merger, dated as of July 30, 2014 and amended on December 2, 2014, by and among GFI, CME Group (CME), Commodore Acquisition and a wholly owned CME subsidiary. The tender offer agreement provides that, once executed by GFI in accordance with the terms of the offer letter, BGC will amend its existing tender offer to purchase all of GFI’s issued and outstanding shares, so that the offer price will be increased to $5.60 per share payable net to the seller in cash, without interest. The tender offer agreement also provides that BGC will advance up to $61M to GFI in order to pay any termination fee payable to CME under the CME merger agreement, if any, fees and expenses incurred in connection with the negotiation and preparation of the tender offer CME agreement and up to $15M of borrowings under GFI’s credit agreement.
07:47 EDTADBEUBS to hold investor trip
Subscribe for More Information
1 | 2 | 3 | 4 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use