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Stock Market & Financial Investment News

News Breaks
December 17, 2012
10:55 EDTLG, ETP, ETEMoody's changes Laclede Gas's rating outlook to Negative
Moody's Investors Service changed the Laclede Gas Company and its parent Laclede Group's rating outlook to negative from stable. These rating actions follow the announcement that LG will acquire Missouri Gas Energy and New England Gas, two gas distribution assets from Energy Transfer (ETE, ETP), for $1.015B in cash plus the assumption of $20M of debt. Subject to customary approvals, including those of the Missouri Public Service Commission and the Massachusetts Department of Public Utilities, LG expects to close the transaction by September 30, 2013. Moody's expects to resolve the negative outlook late in 2013, when the requisite approvals appear certain and LG's permanent financing plan is set.
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May 20, 2013
16:10 EDTLGLaclede Group files to sell 8.7M shares of common stock
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May 8, 2013
17:12 EDTETEEnergy Transfer Equity reports Q1 EPS 63c, consensus 48c
Reports Q1 revenue $10.85B, consensus $9.95B.
17:07 EDTETPEnergy Transfer Partners reports Q1 EPS 63c, consensus 48c
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15:29 EDTETENotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include News Corp. (NWSA), consensus 36c; CenturyLink (CTL), consensus 69c; Transocean (RIG), consensus $1.00; Activision Blizzard (ATVI), consensus 11c; Energy Transfer Equity (ETE), consensus 48c; Continental Resources (CLR), consensus $1.13; Green Mountain Coffee Roasters (GMCR), consensus 73c; Sunoco Logistics Partners (SXL), consensus 82c; Tesla Motors (TSLA), consensus 4c.

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