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Stock Market & Financial Investment News

News Breaks
March 12, 2013
07:54 EDTCCC, ARJ, MPCCalgon Carbon, Starboard Value reach agreement on board seats
Calgon Carbon Corporation announced it has reached an agreement with Starboard Value LP and its affiliates regarding the composition of the Board of Directors. Starboard beneficially owns approximately 9.2% of the outstanding shares of Calgon Carbon’s common stock. Under the terms of the agreement, Calgon Carbon will nominate two new independent directors to the 2013 slate of nominees. Louis S. Massimo, former Executive Vice President and COO of Arch Chemicals (ARJ), and Donald C. Templin, Senior Vice President and CFO of Marathon Petroleum Corporation (MPC). Neither is employed by or affiliated with the company or with Starboard. The nominations will be included in the company’s 2013 proxy statement and submitted for stockholder approval at the company's 2013 Annual Meeting, which has been set for May 1.
News For CCC;MPC;ARJ From The Last 14 Days
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November 28, 2014
06:23 EDTMPCOPEC maintains production level to restore 'market equilibrium'
The Organization of the Petroleum Exporting Countries said in a press release following its meeting yesterday, "Recording its concern over the rapid decline in oil prices in recent months, the Conference concurred that stable oil prices – at a level which did not affect global economic growth but which, at the same time, allowed producers to receive a decent income and to invest to meet future demand – were vital for world economic wellbeing. Accordingly, in the interest of restoring market equilibrium, the Conference decided to maintain the production level of 30.0 mb/d, as was agreed in December 2011. As always, in taking this decision, Member Countries confirmed their readiness to respond to developments which could have an adverse impact on the maintenance of an orderly and balanced oil market." Publicly traded companies in the refining space include Delek US (DK), HollyFrontier (HFC), Marathon Petroleum (MPC), Phillips 66 (PSX), Tesoro (TSO), Valero (VLO) and Western Refining (WNR). Publicly traded companies in the oil space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Stocks globally are trading lower Friday following OPEC's decision.
November 20, 2014
15:33 EDTCCCCalgon Carbon reports U.S. final tarriffs on Chinese activated carbon imports
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November 18, 2014
09:56 EDTMPCOn The Fly: Analyst Initiation Summary
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08:50 EDTMPCCST Brands should be acquistion target for Marathon, CNBC's Cramer says
On Jim Cramer's "Mad Money" broadcast Monday, the host made the case for why Marathon Petroleum (MPC) should buy CST Brands (CST), according to a show recap posted by TheStreet. Shares of CST Brands are up 3.4% to $43.35 in pre-market trading. Reference Link
06:30 EDTMPCMarathon Petroleum coverage resumed with a Buy at Goldman
Target $127.

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