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Stock Market & Financial Investment News

News Breaks
January 29, 2013
08:09 EDTHESEllios Management urges Hess shareholders to elect directors of the Board
Elliott Management sent a letter to shareholders of Hess urging them to elect at the Company's 2013 Annual Meeting the following slate of five independent directors to the Board: Rodney F. Chase, former Deputy Chief Executive, BP; Harvey Golub, former CEO, American Express; Karl F. Kurz, former COO, Anadarko Petroleum; David McManus, former Executive Vice President, Pioneer Natural Resources Compan; Marshall D. Smith, CFO, Ultra Petroleum. Alternate board nominees are William Berry, former Executive Vice President, ConocoPhillips and Jonathan R. Macey, Sam Harris Professor of Corporate Law, Corporate Finance, and Securities Law, Yale Law School. Elliott strongly advocates for Hess to conduct a full strategic and operational review to consider all pathways to maximize shareholder value which could include implementing a substantial divestment program with a potential spinoff of the Bakken asset to refocus its portfolio; improving operations and accountability; and bringing greater discipline to capital allocation.
News For HES From The Last 14 Days
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October 21, 2014
10:00 EDTHESOn The Fly: Analyst Upgrade Summary
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08:29 EDTHESHess Corp. upgraded to Accumulate from Neutral at Global Hunter
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October 15, 2014
07:44 EDTHESHess volatility at five-year highs as oil trends below $81
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October 10, 2014
10:05 EDTHESHess calls active on renewed takeover chatter
Hess October 84 and 85 calls area active on total call volume of 2,700 contracts (300 puts) on renewed takeover chatter. October call option implied volatility is at 37, November is at 32, December is at 30, January is at 27; compared to its 26-week average of 20 according to Track Data. Active call volume suggests traders taking positions for large price movement.
09:55 EDTHESRumor: Hess Corp. moves up on renewed takeover chatter
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