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Stock Market & Financial Investment News

News For BP;DOW From The Last 14 Days
Check below for free stories on BP;DOW the last two weeks.
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May 20, 2013
08:08 EDTBPEU to review fracking concerns, Reuters reports
Environmental concerns over the practice of hydraulic fracturing to get at shale gas will be on the EU's agenda this year, EU Energy Commissioner Guenther Oettinger told the German newspaper Die Welt, reports Reuters. Reference Link
08:04 EDTDOWBofA/Merrill's U.S. chemicals analyst holds an analyst/industry conference call
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05:40 EDTBPU.S. oil futures rally as many commodities decline, WSJ reports
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May 17, 2013
16:21 EDTBPOn The Fly: Closing Wrap
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13:09 EDTBPTesoro receives FTC clearance for purchase of BP refining, marketing business
Tesoro (TSO) announced that the Federal Trade Commission has cleared the company's planned acquisition of BP's (BP) fully integrated Southern California Refining and Marketing business and that Tesoro intends to close the acquisition during Q2. The clearance from the FTC came without any impacts to the assets or operations in the transaction as announced in August of last year. The purchase price of BP's assets is $1.075B, plus the market value of inventory, currently estimated at $1.3B. This amount includes a $100M purchase price reduction for the clearance with regulatory authorities.
May 16, 2013
14:46 EDTBPTesoro may take over BP California assets as soon as June 1, Reuters says
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14:32 EDTBPTesoro may take ownership of BP Carson refinery, other assets as soon as June 1
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08:08 EDTDOWDow Chemical's Enlist Duo Herbicide approved for use in Canada
Dow Chemical's wholly owned subsidiary Dow AgroSciences announced that Health Canada’s Pest Management Regulatory Agency has approved Enlist Duo herbicide with Colex-D Technology for use in Canada. This approval, which makes Canada the first nation to authorize this herbicide, is a milestone for the company’s Enlist Weed Control System.
07:11 EDTBPBP wants PM Cameron to discuss Gulf compensation with U.S., Reuters reports
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06:15 EDTDOWDow ordered to pay $1.2B in urethane price-fixing case, Bloomberg reports
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06:08 EDTBPOn the Fly: Periodicals Wrap-Up
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May 15, 2013
08:38 EDTBPWTI crude falls for a fith consecutive day, Bloomberg reports
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07:33 EDTDOWNational Association of Business Economics to hos a conference
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05:55 EDTBPEU inspects firms in oil investigation, WSJ reports
EU antitrust authorities carried out unannounced inspections of energy giants BP (BP), Royal Dutch Shell (RDS.A) and Statoil (STO), escalating an investigation of alleged oil-price manipulation amid scrutiny of how prices are set in global financial markets, reports the Wall Street Journal. EU officials are investigating whether the three companies manipulated prices in the $2.5T physical-oil market by giving false data to an oil index publisher, the Platts unit of McGraw Hill Financial (MHFI). Platts's offices were also inspected.Reference Link
May 14, 2013
11:08 EDTBPBP says involved in EC probe, cooperating with investigation, Bloomberg reports
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07:10 EDTBPIEA says North American oil will dominate world supply growth, WSJ reports
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May 8, 2013
07:39 EDTDOWW.R. Grace a natural buyer of Dow polypropylene assets, says Piper Jaffray
After visiting W.R. Grace's (GRA) headquarters, Piper Jaffray raised its price target for shares to $95 from $90 and keeps an Overweight rating on the stock. Piper views Grace as a natural buyer of the Dow Chemical (DOW) polypropylene catalyst assets that are coming on the market over the next 4-6 weeks.
May 7, 2013
16:01 EDTBPOptions Update; May 7, 2013
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09:10 EDTDOWDow Chemical confirms receipt of $2.2B in cash proceeds from PIC
The Dow Chemical Company announced that it has completed final resolution of the K-Dow arbitration with Petrochemical Industries Company of Kuwait, and confirms that Dow has received a direct cash payment of $2.2B from PIC. Payment reflects the full damages awarded by the International Chamber of Commerce, as well as recovery of Dow’s costs.
09:03 EDTDOWDow AgroSciences receives U.S. EPA registration for sulfoxaflor
Dow AgroSciences LLC, a wholly owned subsidiary of The Dow Chemical Company, announced that U.S. regulatory authorities have approved the new insecticidal active ingredient, sulfoxaflor to be marketed in the U.S. as Transform and Closer. The U.S. registration, and the recent Canadian registration, are the result of a Global Joint Review which also includes Australia. Australian sulfoxaflor registration is expected by third quarter 2013. South Korea, Panama, Vietnam, Indonesia, and Guatemala have already registered sulfoxaflor and additional global registrations are expected in the near future.

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