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Stock Market & Financial Investment News

News Breaks
January 4, 2013
14:33 EDTBP, CAR, RIG, GOOG, ZIPMarket set for strong weekly gain after lawmakers avoid cliff
Stocks surged this week after Congress passed a law that enabled the country to avert the fiscal cliff for now. The deal increased taxes on dividends and capital gains by relatively small amounts, but pushed off the debate on the debt ceiling and sequestration... MACRO NEWS: Congress passed and the president signed a bill that averted the fiscal cliff for at least a couple of months. The Fed, however, rattled investors a bit after the central bank's minutes revealed that several Fed members want it to slow or stop asset purchases later this year... The U.S. economy added 155,000 non-farm jobs last month, roughly in-line with economists' estimates... HSBC's December purchasing managers' index for China came in at 51.5, a 19 month high. The reading led to increased speculation that the Chinese economy is rebounding... COMPANY NEWS: The FTC concluded its investigation of Google's (GOOG) businesses practices and decided not to force the tech giant to make major changes to its search results. Google, however, will have to make it easier for its customers to advertise on other websites. In addition, companies will be able to prevent some of their content from appearing on Google's websites... Avis (CAR) bought Zipcar (ZIP) for $12.25 per share in cash, or about $500M... Transocean (RIG) announced that it would pay $1.4B as part of a settlement of its liability arising from the 2010 oil spill at BP's (BP) Macondo well.
News For GOOG;CAR;ZIP;RIG;BP From The Last 14 Days
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January 18, 2015
18:11 EDTBPAnadarko faces pollution penalty in Deepwater Horizon disaster, WSJ says
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14:22 EDTBPSchlumberger boss says oil price to challenge land producers, WSJ says
Paal Kibsgaard, CEO of Schlumberger, said U.S. energy producers are not done with work force reductions and that because of high costs, producers that focus on shale fields are worse off than rivals, says the Wall Street Journal. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A), Total (TOT), Schlumberger (SLB) and Baker Hughes (BHI). Reference Link
13:45 EDTGOOGGoogle in talks to acquire mobile-pay platform Softcard, WSJ says
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January 16, 2015
16:00 EDTRIGOptions Update; January 16, 2015
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10:24 EDTBPOptions point to oil falling to near $30 per barrel, Merrill Lynch says
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10:01 EDTBPOn The Fly: Analyst Downgrade Summary
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09:09 EDTGOOGYouTube to host Super Bowl halftime show
YouTube will host a Halftime Show produced in collaboration with Collective Digital Studio that will be live streamed on the AdBlitz Channel, the Google (GOOG, GOOGL) property announced in a blog post. The show will feature more than 20 YouTube creators and musicians with over 60M combined subscribers, YouTube stated. The Super Bowl is being broadcast on Sunday, Feb. 1 on Comcast's (CMCSA) NBC Network. Reference Link
08:29 EDTBPBP downgraded to Underweight from Neutral at JPMorgan
JPMorgan downgraded BP to Underweight saying it expects 2015/2016 consensus estimates for Big Oil names to decline by more than 50% as oil price outlooks come down.
07:37 EDTBPBP downgraded to Hold from Buy at Canaccord
07:33 EDTGOOGAlign Technology near-term risk/reward less favorable, says Credit Suisse
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06:49 EDTBPOil prices climb after IEA says production falling, Reuters reports
Oil prices rebounded today after the International Energy Agency, or IEA, said it saw signs that oil production was falling in some areas, including North America, according to Reuters. "A price recovery...may not be imminent, but signs are mounting that the tide will turn," Reuters quoted the IEA as saying. Oil prices could rebound in the second half of the year, the IEA indicated, the news service reported. 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
January 15, 2015
17:53 EDTBPBP may pay up to $13.7B in fines for Deepwater Horizon Gulf spill case, WSJ says
BP may have to pay a maximum $13.7B in fines for the oil that escaped into the Gulf of Mexico in the 2010 Deepwater Horizon incident, says the Wall Street Journal. A federal judge ruled that the company is liable for just over 3M barrels of oil spilled in the disaster, added the Wall Street Journal. Reference Link
17:33 EDTRIGTransocean provides fleet status report, says value of contracts is $24M
Transocean Ltd issued a comprehensive Fleet Status Report which provides the current status and contract information for the company's entire fleet of offshore drilling rigs. The total value of new contracts since the December 18, 2014 Fleet Update Summary is approximately $24M. The report includes the following: Transocean Searcher - Awarded a one well contract in the Norwegian sector of the North Sea at a dayrate of $340,000, $14M estimated backlog. The rig's prior dayrate was $368,000. M.G. Hulme, Jr. was awarded a one well contract offshore Malaysia at a dayrate of $174,000, $10M estimated backlog. The rig's previously announced contract dayrate was $200,000. The company intends, in an evironmentally responsible manner, to scrap the deepwater floater Discoverer Seven Seas. The rig is classified as held for sale. Including this rig, the company has already or intends to scrap a total of 12 lower-specification floaters. Additionally, the Transocean Rather is held for sale. The rig was previously stacked.
14:52 EDTGOOGGoogle investment Magic Leap files new patent, Business Insider says
The startup Magic Leap, which raised $542M in an October 2014 funding led by Google, filed a new patent that indicates a device that is "head worn component" and according to Business Insider "looks like an intense version of Google Glass that works with a belt pack." Business Insider added, "All we really know for sure so far is that Magic Leap is creating some sort of augmented reality which it calls 'cinematic reality' that the company believes will provide a more realistic 3D experience than anything else that's out there today." Reference Link
13:06 EDTGOOGGoogle to stop selling Glass to individuals on January 19, WSJ reports
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11:11 EDTRIGStocks with call strike movement; RIG PBR
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09:08 EDTGOOGLendingClub and Google partner for new business financing program
Lending Club (LC) announced a new pilot program in partnership with Google (GOOG) to facilitate low-interest financing to eligible Google partners. The program allows Google to purchase the loans, thus investing its own capital in its partner network to drive business growth. Lending Club will service the loans.
09:05 EDTGOOGGoogle and PricewaterhouseCoopers partner to bid for DoD healthcare program
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06:30 EDTGOOGGoogle in talks with major automakers on driverless cars, Reuters reports
Google (GOOG) is in talks with many of the top automakers in the world, including Toyota (TM), GM (GM) and Ford (F), about developing driveless vehicles, the director of Google's self-driving car project said yesterday, according to Reuters. The tech giant has also hired a group of "traditional and nontraditional suppliers" to bolster its efforts, with Nvidia (NVDA) one of the latter group, the news service quoted the executive as saying. Google aims to bring driverless vehicles to the market by 2020, the executive said, Reuters reported. Reference Link
06:10 EDTBPBP cutting 300 jobs in onshore roles, Daily Mail reports
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