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Stock Market & Financial Investment News

News Breaks
January 28, 2014
11:01 EDTEMN, BPEastman Chemical to acquire turbine oil business from BP
Eastman Chemical (EMN) announced that it has entered into a definitive agreement to acquire the assets of BP's (BP) global aviation turbine engine oil business, with annual revenues of approximately $100M. The acquisition includes a production facility in Linden, NJ, specialized laboratory equipment located in Naperville, IL, and a long-term supply agreement for products related to the acquired business that BP will use to serve industrial markets. When added to its Skydrol aviation hydraulic fluids, the acquired fluids product portfolio is expected to enable Eastman to better meet the global aviation industry's needs. Subject to receipt of required regulatory approvals and satisfaction of other customary closing conditions, the acquisition is expected to be completed in the second quarter. Terms of the transaction were not disclosed.
News For EMN;BP From The Last 14 Days
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April 20, 2015
09:24 EDTBPBP taking oil cargoes as payment from cash-strapped Iraq, Reuters reports
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09:21 EDTBPAbengoa unit raided as part of EU bioethanol probe, Bloomberg reports
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08:32 EDTBPBofA/Merrill European strategists hold an analyst/industry conference call
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April 17, 2015
11:38 EDTEMNCelanese hits new 52-week high after raising FY15 profit outlook
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08:29 EDTBPU.S. may be at, or near, peak oil output, WSJ says
New data and forecasts suggest lower crude prices are finally prompting U.S. energy companies to cut back their crude output, according to The Wall Street Journal, citing reports from OPEC, the DOE and North Dakota. Publicly traded oil majors include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Publicly traded drillers and oil services companies include Baker Hughes (BHI), Diamond Offshore (DO), Halliburton (HAL), Nabors Industries (NBR), Noble Corp. (NE), Rowan Companies (RDC), Schlumberger (SLB), Transocean (RIG) and Weatherford (WFT). Reference Link
April 16, 2015
06:41 EDTBPGulf oil spill victims have received over $5B from BP fund, Reuters says
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April 14, 2015
10:01 EDTBPOn The Fly: Analyst Downgrade Summary
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06:40 EDTBPU.S. shale forecast, Yemen fighting lift oil prices, Reuters says
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05:32 EDTBPBP downgraded to Neutral from Buy at Citigroup
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April 13, 2015
10:00 EDTBPOn The Fly: Analyst Downgrade Summary
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07:02 EDTBPBP downgraded to Neutral from Buy at BofA/Merrill
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April 12, 2015
18:32 EDTBPObama administration expected to toughen offshore drilling regulations, WSJ says
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16:49 EDTBPIEA says Iran nuke deal to have limited impact on supply for years, Reuters says
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April 9, 2015
08:21 EDTBPRoyal Dutch Shell and BP yet to meet Abu Dhabi's sign-on fee, WSJ reports
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07:43 EDTBPNational Economists Club to hold a luncheon meeting
Mark Finley, General Manager of Global Energy Markets at BP, delivers a speech entitled, "BPs Energy Outlook 2035" at a Luncheon Meeting being held in Washington, D.C. on April 9 at 12 pm.
April 7, 2015
06:43 EDTBPOil retreats on reports of Iran, China talks, Reuters says
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