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Stock Market & Financial Investment News

News Breaks
November 20, 2012
07:36 EDTAPU, UGI, BPUGI subsidiary to acquire LPG distribution business from BP in Poland
UGI Corporation (UGI) announced that its subsidiary, Flaga, has reached a definitive agreement to acquire the liquefied petroleum gas, or LPG, distribution business of BP (BP) in Poland. BP's Polish LPG business distributed over 150 million gallons of LPG in 2011 and serves the residential, commercial, autogas, and wholesale segments. Terms of the transaction were not disclosed. UGI is a distributor and marketer of energy products and services. Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania, distributes propane both domestically and internationally, manages midstream energy and electric generation assets in Pennsylvania, and engages in energy marketing in the Mid-Atlantic region. UGI, through subsidiaries, is the sole General Partner and owns 26% of AmeriGas Partners (APU), the nation's largest retail propane distributor.
News For BP;UGI;APU From The Last 14 Days
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May 22, 2015
09:57 EDTBPOn The Fly: Analyst Upgrade Summary
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07:00 EDTBPBP upgraded to Neutral on reduced Russia risk at JPMorgan
JPMorgan upgraded BP (BP) to Neutral citing less risk in Russia and a pathway to cash flow neutrality in 2017. JPMorgan this morning also upgraded Total (TOT) to Overweight and Eni SpA (E) to Neutral.
05:32 EDTBPBP upgraded to Neutral from Underweight at JPMorgan
May 21, 2015
07:25 EDTBPUBS to hold a conference
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May 20, 2015
17:04 EDTBPBP to pay Transocean $125M in compensation for legal fees
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17:03 EDTBPTransocean reaches settlement agreements with BP, PSC
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15:01 EDTBPHalliburton reaches agreement with BP to resolve remaining issues
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May 18, 2015
10:01 EDTBPOn The Fly: Analyst Downgrade Summary
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08:12 EDTBPBP downgraded to Sell from Neutral at Goldman
Goldman downgraded BP to Sell based on limited upstream growth, a slowdown in asset disposals, and ongoing overhang from Macondo.
07:14 EDTUGIAmerican Gas Association to hold a forum
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May 15, 2015
16:17 EDTUGIUGI Corporation receives regulatory approval for acquisition of Totalís LPG unit
UGI Corporation announced that its wholly owned subsidiary, UGI France, has obtained approval from the French Competition Authority to complete its previously announced acquisition of Totalís liquefied petroleum gas distribution business in France. This is the final regulatory approval required for the acquisition to close. The purchase price is approximately EUR400M-EUR450M. Based on retail gallons distributed, Totalgaz is comparable in size to UGIís existing Antargaz business in France, with both businesses selling to residential, commercial, industrial, and autogas customers. Antargaz has a slightly higher proportion of cylinder and small bulk sales, while Totalgaz has a slightly higher proportion of sales to large bulk customers. As previously announced, UGI Corporation will be presenting at the American Gas Association Financial Forum on May 18, 2015, and will provide an update on the transaction at that time.
06:44 EDTBPEnvironmentalists file lawsuit over oil train safety rules, NY Times says
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May 14, 2015
16:22 EDTUGIUGI Energy Services to build LNG plant in northern Pennsylvania
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May 12, 2015
05:38 EDTBPTechnip awarded lump sum project by BP Exploration & Production
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May 11, 2015
13:28 EDTBPOPEC sees oil at around $76 a barrel in 2025, WSJ says
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