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Stock Market & Financial Investment News

News Breaks
March 18, 2014
07:09 EDTIMOImperial Oil downgraded to Underperform from Neutral at Macquarie
Macquarie downgraded Imperial Oil citing recent outperformance, poor cost controls, and deteriorating earnings.
News For IMO From The Last 14 Days
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May 17, 2015
18:17 EDTIMOImperial Oil begins auction for 500 Esso gas stations, Reuters says
Imperial Oil (IMO) has begun accepting bids for 500 of its Esso retail sites, Reuters reported Friday, citing four sources familiar with the process. The report notes that the assets could be worth over $831M, and sources said CST Brands (CST) has expressed interest. Sources added that Imperial has split the 500 stations into several packages, and bidders are free to pursue the assets in part or in whole. Reference Link

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