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Stock Market & Financial Investment News

News Breaks
May 13, 2014
04:55 EDTDTE, DTE, DTE, SO, SO, SO, NI, NI, NI, PTEN, PTEN, PTEN, APC, APC, APC, COP, COP, COP, RRC, RRC, RRC, EOG, EOG, EOG, HAL, HAL, HAL, HP, HP, HP, NBL, NBL, NBL, NU, NU, NU, ALJ, ALJ, ALJ, FI, FI, FI, NE, NE, NE, SE, SE, SECitigroup to hold a conference
Global Energy & Utilities Conference to be held in Boston on May 13-15.
News For DTE;NE;FI;ALJ;NU;NBL;HP;HAL;EOG;RRC;COP;APC;PTEN;NI;SO;SE From The Last 14 Days
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May 18, 2015
06:06 EDTCOPConocoPhillips sees holding CapEx flat for next three years, Reuters reports
ConocoPhillips CEO Ryan Lance told Reuters in an interview that the energy company is planning to hold its capital expenditure level over the next three years. The company cut its 2015 capital budget to $11.5B in January due to the oil price drop, but now sees maintaining the CapEx view for three years despite a slight recovery in oil prices. Reference Link
05:10 EDTAPCAnadarko selects contractor for initial onshore Mozambique LNG development
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May 15, 2015
17:33 EDTNBL, NEPoint72 Asset Management gives quarterly update on stakes
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17:29 EDTSOSouthern Company: Construction to begin on Georgia Power 3x30 solar projects
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17:08 EDTNBLSoros Fund gives quarterly update on stakes
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16:21 EDTNBLStocks end week little changed as data, deals offset bond yield jumps
Stocks ended the week little changed as a number of M&A deals and a few relatively strong economic data points offset worries about rising bond yields. MACRO NEWS: U.S. weekly jobless claims came in better than expected and reached the lowest four-week average level in 15 years... In Europe, the combined GDP of the 19 eurozone countries grew 0.4% in the first quarter, which was a bit weaker than the 0.5% consensus growth forecast but a pickup from the 0.3% growth pace of the final quarter of last year. Of note, all four of the euro zone's largest economies recorded growth in the same quarter for the first time since the first half of 2010... The People's Bank of China reduced its one year interest rate by 0.25%, marking the third time in the last six months that the central bank has cut benchmark rates... Bond yields surged in many of the world's largest economies, raising worries about inflation and putting pressure on stocks in the beginning of the week. COMPANY NEWS: There was a significant amount of M&A activity again this week, with the headliner being Verizon's (VZ) deal to acquire AOL (AOL) for $50 per share in a transaction valued at $4.4B. Danaher (DHR) agreed to buy purification technologies supplier Pall Corporation (PLL) for $127.20 per share in cash. Danaher also announced that it plans to split itself into two publicly traded companies. Energy infrastructure company Williams (WMB) announced a simplification deal to buy its affiliate Williams Partners (WPZ) for $13.9B in an all-stock transaction. Energy exploration company Noble Energy (NBL) agreed to acquire Rosetta Resources (ROSE) in an all-stock deal. Noble is buying Rosetta for $2.1B in stock plus the assumption of Rosetta's net debt of $1.8B... Alibaba (BABA) acquired a 9.3% stake in Zulily (ZU), an e-commerce retailer geared toward women. A person familiar with the matter reportedly told the Wall Street Journal that the Chinese e-commerce giant is not pursuing an outright acquisition of the U.S. company, however... Shares of Netflix (NFLX) jumped Friday and hit a new all-time high after Bloomberg reported that the company is in talks with Wasu Media, a Chinese media company backed by Alibaba Executive Chairman Jack Ma, about forming a partnership to bring its content to China... Nelson Peltz's Trian Fund Management lost its proxy fight with DuPont (DD) as Trian did not succeed in getting its nominees elected to the DuPont board. INDEXES: For the week, the Dow rose 0.45% to 18,272.56, the Nasdaq gained 0.89% to 5,048.29, and the S&P 500 climbed 0.31% to 2,122.73.
14:15 EDTAPCChicago Bridge & Iron jumps after reportedly in-line for big Anadarko deal
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09:01 EDTCOPErin Energy receives government approval for license extension in The Gambia
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07:09 EDTEOG, HP, HAL, APCHayman Capital gives quarterly update on stakes
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06:44 EDTCOPEnvironmentalists file lawsuit over oil train safety rules, NY Times says
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May 14, 2015
17:02 EDTALJDelek US completes acquisition of 48% ownership interest in Alon USA Energy
Delek US Holdings (DK) announced that it has completed the acquisition of approximately 33.7M shares, or approximately 48% of the outstanding shares, of Alon USA Energy (ALJ) common stock from Alon Israel Oil Company. Five seats on the eleven-member Alon USA board of directors previously held by Alon Israel representatives have been filled by representatives from Delek US. This includes Delek US Chairman, President and CEO Uzi Yemin who has been named as the chairman of the Alon USA board. Prior to commencing negotiations with Alon Israel, Delek US entered into a stockholder agreement with Alon USA. During the first year following the closing of this transaction, the stockholder agreement allows Delek US to acquire up to 49.99% of the outstanding shares of Alon USA at its discretion, with additional ownership above this threshold subject to the approval of the independent members of Alon USA’s board of directors. The stockholder agreement will expire on May 14, 2016, and Delek US will then have no further restrictions under this agreement related to increasing ownership in Alon USA.
16:05 EDTNIColumbia Pipeline sees avg. annual distribution growth of about 20% through 20%
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10:27 EDTDTEDTE Energy partners with Domino's Farms and Ford to build solar arrays
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10:00 EDTSEOn The Fly: Analyst Initiation SummaryT
Today's noteworthy initiations include: Advaxis (ADXS) initiated with a Buy at MLV & Co.... Akebia (AKBA) initiated with a Buy at Brean Capital... CarMax (KMX) initiated with a Buy at Sterne Agee CRT... Coach (COH) initiated with a Neutral at Wedbush... Euronav NV (EURN) initiated with an Outperform at Credit Suisse... Franco-Nevada (FNV) initiated with an Outperform at Macquarie... Kate Spade (KATE) initiated with an Outperform at Wedbush... Lumber Liquidators (LL) initiated with a Perform at Oppenheimer... Michael Kors (KORS) initiated with a Neutral at Wedbush... National Instruments (NATI) initiated with an Overweight at Stephens... Royal Gold (RGLD) initiated with an Outperform at Macquarie... Spectra Energy Partners (SEP) initiated with a Buy at Janney ... Spectra Energy (SE) initiated with a Buy at Janney Capital... Tribune Publishing (TPUB) initiated with a Buy at Sterne Agee CRT.
10:00 EDTHPOn The Fly: Analyst Downgrade Summary
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08:49 EDTHPHelmerich & Payne downgraded to Equal Weight at Stephens
As previously reported, Stephens downgraded Helmerich & Payne to Equal Weight from Overweight citing the firm's outlook for reduced U.S. onshore spending. The firm said it remain convicted in H&P as a core holding, but that its "hard to get excited" about shares at these levels. Stephens lowered its price target on Helmerich & Payne to $74 from $79.
07:58 EDTEOGShale producers prepared to ramp production back up, WSJ says
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07:51 EDTCOPConocoPhillips management to meet with Deutsche Bank
Meeting to be held in Toronto on May 14 hosted by Deutsche Bank.
07:27 EDTHPHelmerich & Payne downgraded to Equal Weight from Overweight at Stephens
06:48 EDTSESpectra Energy initiated with a Buy at Janney Capital
Target $43.
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