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Stock Market & Financial Investment News

News Breaks
September 5, 2012
07:58 EDTBP, NGG, BRS, OII, COP, RDC, TSO, BHI, OKE, RRC, IO, PXDBarclays to host a conference
CEO Energy/Power Conference is being held in New York on September 4-6 with webcasted company presentations to begin on September 5 at 7:45 am; not all company presentations may be webcasted. Webcast Link
News For BRS;IO;TSO;NGG;RRC;RDC;BP;OKE;COP;PXD;BHI;OII From The Last 14 Days
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May 20, 2013
08:41 EDTTSOTesoro price target raised to $69 from $58 at Imperial Capital
Imperial Capital raised its price target for Tesoro after the FTC cleared the company's acquisition of BP Carson. The firm keeps an Outperform rating on the stock.
08:37 EDTTSOTesoro removed from U.S. Key Call List at UBS
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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
07:41 EDTBHIMitsubishi UFJ Securities to host an energy tour
May Energy Tour travels throughout the Houston and San Antonio area on May 20-23.
07:08 EDTRRCRange Resources downgraded to Hold from Buy at Stifel
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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 EDTBP, TSOOn The Fly: Closing Wrap
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13:18 EDTTSOTesoro, Tesoro Logistics in $640M deal for Carson logistics assets
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13:11 EDTTSOTesoro sees BP deal adding 50c to FY13 EPS
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13:09 EDTTSO, BPTesoro 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.
10:07 EDTNGGOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Actuant (ATU) downgraded to Neutral from Buy at SunTrust... Aruba Networks (ARUN) downgraded to Perform from Outperform at Oppenheimer... CAE (CAE) downgraded to Sector Perform from Outperform at RBC Capital... City Holding (CHCO) downgraded to Market Perform from Outperform at Keefe Bruyette... Deere (DE) downgraded to Sell from Neutral at Goldman... Disney (DIS) downgraded to Neutral from Overweight at Atlantic Equities... HSBC (HBC) downgraded to Neutral from Outperform at Exane BNP Paribas... L Brands (LTD) downgraded to Underperform from Hold at Jefferies... Manning & Napier (MN) downgraded to Underperform from Neutral at BofA/Merrill... MeadWestvaco (MWV) downgraded to Underperform from Sector Perform at RBC Capital... National Grid (NGG) downgraded to Neutral from Outperform at Exane BNP Paribas... Savient (SVNT) downgraded to Market Perform from Outperform at William Blair... Stryker (SYK) downgraded to Reduce from Neutral at SunTrust... TRW Automotive (TRW) downgraded to Hold from Buy at Deutsche Bank... Universal Health (UHS) downgraded to Neutral from Positive at Susquehanna... Williams-Sonoma (WSM) downgraded to Neutral from Buy at BofA/Merrill... Zimmer (ZMH) downgraded to Reduce from Neutral at SunTrust... Aviva (AV) downgraded to Underperform from Sector Perform at RBC Capital... Pandora (P) downgraded to Hold from Buy at Maxim... Lumos Networks (LMOS) downgraded to Neutral from Buy at DA Davidson... Brocade (BRCD) downgraded to Underperform from Market Perform at William Blair... Applied Materials (AMAT) downgraded to Neutral from Buy at DA Davidson... Cosi (COSI) downgraded to Market Perform from Outperform at Northland Securities.
05:23 EDTNGGNational Grid downgraded to Neutral from Outperform at Exane BNP Paribas
May 16, 2013
14:46 EDTTSO, BPTesoro may take over BP California assets as soon as June 1, Reuters says
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14:32 EDTTSO, BPTesoro may take ownership of BP Carson refinery, other assets as soon as June 1
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07:37 EDTTSOMorgan Stanley to host a conference
Refining Corporate Access Day is being held in New York on May 16.
07:11 EDTBPBP wants PM Cameron to discuss Gulf compensation with U.S., Reuters reports
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06:08 EDTBPOn the Fly: Periodicals Wrap-Up
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May 15, 2013
17:36 EDTPXDPaulson gives quarterly update on stakes
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17:26 EDTTSOThird Point gives quarterly update on stakes
NEW STAKES: Virgin Media (VMED), Tiffany (TIF), B/E Aerospace (BEAV), Anadarko (APC), and Thermo Fisher (TMO). INCREASED STAKES: International Paper (IP), Abbvie (ABBV), TransDigm (TDG), Constellation Brands (STZ), and Dollar General (DG). DECREASED STAKES: Delphi (DLPH), Murphy Oil (MUR), AIG (AIG), LyondellBasell (LYB), and Liberty Global (LBTYA). LIQUIDATED STAKES: Tesoro (TSO), Morgan Stanley (MS), Symantec (SYMC), Herbalife (HLF), and Illumina (ILMN).
17:18 EDTPXD, RRC, TSOBP Capital gives quarterly update on stakes
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