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Stock Market & Financial Investment News

News Breaks
June 18, 2012
08:19 EDTETE, ETP, SUG, SUN, SXLETE to drop down Southern Union assets into ETP-controlled entity
Energy Transfer Equity (ETE) and Energy Transfer Partners (ETP) announced that ETE plans to drop down its interest in Southern Union Company (SUG) into an ETP-controlled entity, which will also include assets to be acquired in the recently announced merger between Sunoco (SUN) and ETP. Concurrent with the closing of the Sunoco merger, ETE will contribute its interest in SUG into an ETP-controlled entity in exchange for a 60% equity interest in the new entity, to be called ETP Holdco Corporation. In conjunction with ETE’s contribution, ETP will contribute its interest in Sunoco to HoldCo and will retain a 40% equity interest in HoldCo. Prior to the contribution of Sunoco to HoldCo, Sunoco’s interests in Sunoco Logistics Partners (SXL) will be transferred to ETP. The transaction has been approved by the boards of directors of ETE’s general partner and ETP’s general partner and will not require the approval of Sunoco’s board. In addition, Energy Transfer has reviewed its plans with all three credit rating agencies and believes that the new structure enhances the overall credit profile of ETE, ETP and SUG and furthers ETP’s commitment to maintaining investment grade credit ratings. The transaction will not require ETE or ETP unitholder approval and no regulatory issues are expected.
News For ETE;ETP;SUG;SUN;SXL From The Last 14 Days
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September 16, 2014
18:30 EDTSXLOn The Fly: After Hours Movers
UP AFTER EARNINGS: Apogee Enterprises (APOG), up 5.6% after reporting second quarter results and raising fiscal 2015 guidance. ALSO HIGHER: InspireMD (NSPR), up 18.5% after reporting positive trial results for CGuard... Boeing (BA), up marginally after NASA awarded the company with a $4.2B contract for commercial spaceflight to the International Space Station... U.S. Steel (X), up 7.9%% after updating third quarter outlook. DOWN AFTER EARNINGS: Adobe (ADBE), down 4.5% following third quarter results. ALSO LOWER: Rackspace Hosting (RAX), down 16.7% after ending strategic review and deciding to stay independent... Sunoco Logistics Partners (SXL), down 3.9% after filing to sell 7.7M shares of common stock... Aratana Therapeutics (PETX), down 7.8% after filing to sell common stock.
16:25 EDTSXLSunoco Logistics 7.7M share Spot Secondary re-offered at $48.46
Barclays, Citigroup, Credit Suisse, Deutsche Bank, Goldman, Jefferies, JPMorgan, Morgan Stanley, UBS and Wells Fargo are acting as joint book running managers for the offering.
16:12 EDTSXLSunoco Logistics files to sell 7.7M shares of common stock
Barclays, Citigroup, Credit Suisse, Deutsche Bank Securities, Goldman, Sachs & Co., Jefferies, J.P. Morgan, Morgan Stanley, UBS Investment Bank and Wells Fargo Securities are acting as the joint book-running managers for the common unit offering.
September 15, 2014
07:23 EDTETPHart Energy to hold a conference
2014 DUG Eagle Ford Conference to be held in San Antonio, California on September 15-17.
September 10, 2014
10:00 EDTSXLOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: African Barrick Gold (ABGLY) upgraded to Neutral from Sell at Goldman... ArcelorMittal (MT) upgraded to Overweight from Underweight at Barclays... CRH Plc. (CRH) upgraded to Outperform from Underperform at Raymond James... Callon Petroleum (CPE) upgraded to Buy from Neutral at SunTrust... Coach (COH) upgraded to Overweight from Neutral at Atlantic Equities... Hartford Financial (HIG) upgraded to Outperform from Market Perform at FBR Capital... Huntsman (HUN) upgraded to Buy from Neutral at Citigroup... Imperva (IMPV) upgraded to Outperform from Perform at Oppenheimer... L Brands (LB) upgraded at Credit Suisse... Marcus (MCS) upgraded to Buy from Neutral at B. Riley... Noodles & Company (NDLS) upgraded to Buy from Neutral at UBS... Sunoco Logistics (SXL) upgraded to Overweight from Equal Weight at Barclays... Triangle Petroleum (TPLM) upgraded to Buy from Accumulate at KLR Group... Twitter (TWTR) upgraded to Buy from Neutral at UBS.
05:49 EDTSXLSunoco Logistics upgraded to Overweight from Equal Weight at Barclays
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05:46 EDTETPEnergy Transfer Partners reinstated with an Overweight at Barclays
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September 9, 2014
10:18 EDTETPDollar General listed among 5 largest long positions by Jana Partners
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September 3, 2014
16:57 EDTSXLSunoco Logistics files to sell $1B common units
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06:35 EDTSUNJPMorgan in talks to sell oil-supply agreement to Bank of America, WSJ says
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