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Stock Market & Financial Investment News

News Breaks
December 30, 2012
22:23 EDTYUM, CAT, CLF, XOMChina purchasing manufacturing index rises to 51.5, Bloomberg says
The final reading of the Purchasing Managers’ Index in China was 51.5 in December, expanding at the fastest pace in 19 months, Bloomberg says. Reference Link
News For CAT;XOM;CLF;YUM From The Last 14 Days
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May 24, 2013
15:13 EDTXOMInterOil negotiations with Exxon Mobil validates the company, says Westlake
Westlake Securities said InterOil's (IOC) exclusive negotiations with Exxon Mobil (XOM) is a major validation of the company and its Elk/Antelope resource. The analyst raised its price target to $130 from $115 as risk of a deal not being reached has been removed. Shares are Buy rated.
14:57 EDTCLFCliffs Natural management to meet with JPMorgan
Meetings to be held in Baltimore/Berwyn/Wilmington on May 30 hosted by JPMorgan.
09:25 EDTXOMOn The Fly: Pre-market Movers
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08:32 EDTXOMInterOil Corporation volatility low into talks with Exxon over PNG assets
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08:12 EDTXOMInterOil confirms exclusive talks with ExxonMobil Papua New Guinea
InterOil (IOC) and its joint venture partner, Pacific LNG Group, said they have entered into exclusive negotiations with ExxonMobil Papua New Guinea, a subsidiary of ExxonMobil (XOM), on the development of Petroleum Retention License 15, which comprises the Elk and Antelope fields in the Gulf Province of Papua New Guinea. The transaction has been discussed with the government of PNG and any future agreement will be subject to their final approval, the company added. Items under consideration include: InterOil and Pacific LNG selling ExxonMobil Papua New Guinea Ltd. an interest in PRL 15 that is sufficient to supply gas to develop an additional LNG train at ExxonMobil Papua New Guinea Ltd.'s Konebada site; InterOil and Pacific LNG will be funded to drill additional delineation wells in the Elk and Antelope fields, which will be followed by recertification of the resource; InterOil and Pacific LNG will have the optionality to either independently develop a second LNG project in the Gulf Province that may also use gas from PRL 15 and potentially other discoveries, such as Triceratops, or pursue further development with ExxonMobil Papua New Guinea Ltd.
06:59 EDTXOMExxon Mobil in exclusive talks with Interoil for natural gas assets, WSJ says
Exxon Mobil (XOM) is in exclusive talks with InterOil (IOC) to invest in Interoil's natural gas assets in Papau New Guinea, reports the Wall Street Journal. In a statement confirming the talks, Interoil said it is discussing whether gas from the Elk and Antelope fields would support an expansion of the PNG LNG project or a new gas-export facility. Reference Link
May 23, 2013
06:17 EDTXOMPapua New Guinea’s Oil Search a takeover target, Bloomberg reports
Papua New Guinea’s Oil Search (OISHY) has the fastest revenue growth in the oil industry and now may be attracting a number of suitors, from Exxon Mobil (XOM) to Total (TOT) to Woodside Petroleum (WOPEY), reports Bloomberg. Reference Link
May 22, 2013
09:42 EDTCATSenate Committee on Foreign Relations to hold a hearing
The Committee holds a hearing entitled, "Different Perspectives on International Development" with Director of International Governmental Affairs Lane of Caterpillar (CAT) on May 22 at 10:30 am. Webcast Link
May 21, 2013
12:00 EDTCLFStocks with call strike movement; HPQ CLF
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10:22 EDTCATCaterpillar to resume talks with steelworkers, WSJ says
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May 20, 2013
13:05 EDTCLFStocks with call strike movement; AMD CLF
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10:45 EDTCATCaterpillar trends were weak in April, says Wells Fargo
Wells Fargo notes that Caterpillar's machines sales growth decelerated in April. The firm thinks that modest improvements in the company's overall trends may be mostly offset by North American machines sales deceleration, and it keeps a Market Perform rating on the shares.
09:03 EDTCATCaterpillar reports Power Systems retail down 5% in 3-months end April
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09:01 EDTCATCaterpillar reports April 3-month rolling period retail machine sales down 9%
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08:08 EDTXOMEU 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
07:58 EDTCLFBofA/Merrill's metals and mining analysts hold analyst/industry conference call
Metals & Mining Analysts discuss the recently held 30th Annual BofAML Global Metals, Mining & Steel Conference on an Analyst/Industry conference call. Relevant companies BHP, RIO, VALE, BNX, CLF, NUE, AA and BTU may be included on the Analyst/Industry conference call to be held on May 20 at 9 am.
07:45 EDTCATWunderlich Securities to hsot a summit
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05:40 EDTXOMU.S. oil futures rally as many commodities decline, WSJ reports
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May 17, 2013
12:10 EDTCLFStocks with call strike movement; AMD CLF
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05:21 EDTCATCaterpillar, Mining Machinery resolve all outstanding issues
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