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Stock Market & Financial Investment News

News Breaks
December 4, 2012
06:41 EDTGS, KMICourt approves Kinder Morganís $110M El Paso settlement, Bloomberg reports
Kinder Morgan Inc. (KMI) won a Delaware courtís approval of a $110M settlement of investor lawsuits over the 2011 acquisition of El Paso Corp., reports Bloomberg. Reference Link
News For KMI;GS From The Last 14 Days
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December 8, 2014
10:01 EDTKMIKinder Morgan and SK E&S LNG announce transportation agreement
Kinder Morgan announced that its Texas Intrastate Pipelines group has entered into a 20-year firm transportation services agreement with SK E&S LNG, a subsidiary of SK E&S Co. LTD. Under the agreement, KMI will invest more than $150M to provide more than 320,000 dekatherms per day of firm natural gas transportation services to support SK LNGís Train III liquefied natural gas export capacity at Quintana Island, Texas. This Train is part of Freeport LNG Developmentís Freeport LNG export facility which in total will liquefy up to 13.2 million tonnes per annum once fully operational. KMI will construct and operate approximately 40 miles of pipeline extending from its existing Kinder Morgan Tejas mainline to an interconnection point with Freeport LNGís existing pipeline located in Stratton Ridge, Texas. KMI will also expand and construct additional compression on its existing Kinder Morgan Texas and Kinder Morgan Tejas pipeline systems to provide these services upon the startup of Train III, which is expected to occur in the third quarter of 2019. This transportation services agreement provides for the required expansion of the KMI intrastate system by over 1 billion cubic feet per day and will provide additional capacity to the Freeport and Chocolate Bayou areas. The agreements are subject to certain conditions, as well as making a final investment decision to construct the Freeport LNG Train III Liquefaction Project.
06:35 EDTGSValue of Wall Street's M&A bankers has risen, NY Times says
The value of Wall Street's bankers who advise large companies seems to be increasing, while traders are becoming less valuable, according to The New York Times. Bankers who work on M&A deals are expecting their bonuses to increase, while traders anticipate that their compensation will drop, the newspaper added. Furthermore, banks seem to be going the extra mile to hire top notch bankers, the newspaper stated. Publicly traded large banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
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