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Stock Market & Financial Investment News

News Breaks
March 19, 2012
06:14 EDTGM, XOM, MHS, PEUGY, ESRXOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: GM (GM) and PSA Peugeot Citroen (PEUGY) look to begin joint development of at least two passenger cars by this fall, says GM CEO Akerson, the Wall Street Journal reports...Venture capital for biotechnology has been in decline, due to the economy and poor returns from stock offerings. VC's invested $3.92B in 2011 vs. $6.17B in 2007, according to VentureSource, the Wall Street Journal reports...REUTERS: Exxon Mobil (XOM) informed the Iraqi government that it froze its exploration deal with the semi-autonomous Kurdistan region which angered Baghdad which it considers illegal, Reuters reports...BLOOMBERG: Not since 1999 have currency traders been bullish on the dollar for so long, a sign that the market sees the U.S. resuming its role as the engine of global economic growth, Bloomberg reports...Express Scripts' (ESRX) bid to acquire Medco Health Solutions (MHS) and create the largest U.S. pharmacy-benefits manager may be delayed by a lawsuit being considered by five states, Bloomberg reports.
News For GM;PEUGY;XOM;ESRX;MHS From The Last 14 Days
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February 23, 2015
16:03 EDTESRXExpress Scripts sees FY15 EPS $5.35-$5.49, consensus $5.44
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16:02 EDTESRXExpress Scripts reports Q4 EPS 1.39, consensus $1.38
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15:23 EDTESRXNotable companies reporting after market close
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13:45 EDTXOMOpec may call emergency meeting if crude continues slide, FT says
According to Diezani Alison-Madueke, Nigeria's oil minister, Opec members have discussed holding an emergency meeting if crude prices continue to tumble, says the Financial Times. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT).
10:40 EDTGMGM ignition-switch deaths increase to 57, WSJ says
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09:01 EDTXOMExxon Mobil says 2014 reserves replacement totals 104%
Exxon Mobil Corporation announced that it replaced 104% of its 2014 production by adding proved oil and gas reserves totaling 1.5 billion oil-equivalent barrels, including a 162% replacement ratio for crude oil and other liquids. At year-end 2014, ExxonMobil's proved reserves totaled 25.3 billion oil-equivalent barrels, which was made up of 54% liquids, up from 53% in 2013, and 46% natural gas. Liquid additions during 2014 totaled more than 1.2 billion barrels, or 162% of production, and natural gas additions totaled approximately 300 million oil-equivalent barrels for a 42% replacement ratio. Excluding the impact of asset sales, reserves additions during 2014 replaced 111% of production. During 2014, ExxonMobil added 3.2 billion oil-equivalent barrels to its resource base, driven primarily by resource additions in Argentina, Canada, Nigeria, Tanzania and the U.S.
06:28 EDTESRXExpress Scripts weekly volatility elevated into Q4 and outlook
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06:24 EDTGMGeneral Motors to legally challenge worker strike in Brazil, WSJ reports
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February 22, 2015
14:20 EDTGMUAW chief says GM buyback proposal too much, premature, Reuters says
Dennis Williams, the president of the UAW, said that an investor group’s proposal that GM buy back $8B of its stock is premature, and the amount too high for the company’s long-term health, says Reuters. The UAW indirectly controls the largest single block of General Motors shares, added Reuters. Reference Link
11:59 EDTXOMUSW to expand ULP oil strike
The United Steelworkers, USW, announced that it will expand its unfair labor practice strike, ULP, by launching a work stoppage tonight at midnight at the Motiva Enterprises refinery in Port Arthur, Texas. This refinery, a 50-50 joint venture between Shell Oil Company and Saudi Refining, produces more than 600,000 barrels per day. In addition, 24 hour strike notices were delivered at Motiva’s two Louisiana refineries in Convent and Norco as well as at the Shell Chemical plant in Norco. Capacity at these facilities is 235,000 and 238,000. These refineries are also jointly operated by Royal Dutch Shell and Saudi Refining, Inc. of Saudi Arabia. “The industry’s refusal to meaningfully address safety issues through good faith bargaining gave us no other option but to expand our work stoppage,” said USW International President Leo W. Gerard. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
February 20, 2015
17:09 EDTXOMExxon Mobil awarded $1.01B government contract for aviation turbine fuel
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08:11 EDTGMAlly CEO exploring subprime lending, sees loss of GM business, Detroit News says
Ally (ALLY) CEO Jeffrey Brown stated in a Thursday interview with The Detroit News that the company may return to offering credit cards and home mortgages, and currently plans to expand auto lending to subprime customers. The CEO said he expects to decide within 30-60 days whether Ally will consolidate its five locations to a single headquarters in the Detroit suburbs. Brown added that he expects GM (GM) to shift its $4.1B subsidized leasing program for Chevrolet from Ally to GM Financial, which the Ally CEO wants to offset by increasing subprime lending from 9% of total lending to 12%-15%. Reference Link
07:04 EDTGMAlly CEO assuming company will lose all of GM's leasing business, Reuters says
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06:41 EDTGMApple pushing for 2020 production of its electric car, Bloomberg says
Apple (AAPL) is pushing to begin production of its electric vehicle as soon as 2020, reports Bloomberg, citing people with knowledge of the matter. Bloomberg notes that the move could put Apple into direct competition with Tesla (TSLA) and General Motors (GM), both of which are targeting a 2017 release for next-generation electric vehicles. Apple may still cancel the project if it becomes unhappy with progress, the sources said, though its vehicle team is already 200-people strong. Reference Link
06:06 EDTGMGeneral Motors names Craig Glidden as new general counsel
General Motors (GM) announced yesterday that Craig B. Glidden has been appointed executive VP and general counsel, effective March 1. Glidden will lead a team of staff attorneys who are integrated into all of GM’s regional and functional teams in more than 30 countries. Glidden succeeds Michael Millikin, who is retiring in July after a nearly four-decade legal career, including five years as GM’s general counsel. Before joining GM, Glidden was executive VP and chief legal officer for LyondellBasell Industries (LYB).
February 19, 2015
06:58 EDTXOMU.S. oil prices tumble after inventory data released, Reuters says
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February 18, 2015
13:02 EDTXOMExxon Mobil experiences 'incident' at California refinery, ABC News reports
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06:41 EDTXOMExxonMobil Australia 'well positioned' to pursue acquistions, Reuters reports
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06:38 EDTGMCar sales rose in Europe last month, NY Times says
European car sales increased 6.7% in January, versus the same period a year earlier, data from the European Automobile Manufacturers’ Association indicates, according to The New York Times. January was the 17th straight month that European car sales have increased, but they remain well below the levels they reached before the financial crisis, the newspaper stated. Publicly traded companies in the space include Fiat Chrysler (FCAU), Fiat S.p.A. (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link
05:36 EDTESRXExpress Scripts to host investor meeting
Investor meeting to be held in St. Louis on February 25 at 8:30 am. Webcast Link
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