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Stock Market & Financial Investment News

News Breaks
June 3, 2014
10:31 EDTTIBX, HSH, MRO, WLB, AL, MWV, KKD, IDCC, CVAHigh option volume stocks
High option volume stocks: MRO CVA MWV HSH IDCC AL LJ TIBX KKD WLB
News For MRO;CVA;MWV;HSH;IDCC;AL;TIBX;KKD;WLB From The Last 14 Days
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July 1, 2015
18:20 EDTMROShell CEO says Opec production has pressured shale companies, FT reports
In an interview with the Financial Times, Shell (RDS.A, RDS.B) CEO Ben van Beurden said Opec's decision not to cut production has sent a "powerful signal... to shale oil companies as well as their financiers that they cannot forget the price risk. The industry will remember it for some time." The CEO noted that industry efforts to boost efficiency and cut costs should keep production going for "a while to come... until the sweet spots start running out." Publicly traded companies in the space include Chevron (CVX), Anadarko Petroleum (APC), Exxon Mobil (XOM), BP (BP), Marathon Oil (MRO), BHP Billiton (BHP), ConocoPhillips (COP), Pioneer Natural Resources (PXD), EOG Resources (EOG), Concho (CXO), Whiting Petroleum (WLL), and Continental Resources (CLR). Reference Link
June 30, 2015
16:54 EDTIDCCCourt grants InterDigital anti-suit motion against Pegatron
On June 29, the United States District Court for the Northern District of California granted InterDigital Technology Corporationís motion for a preliminary anti-suit injunction against Pegatron Corporation in the matter of InterDigital Technology Corporation, et al. v. Pegatron Corporation, The courtís order requires that Pegatron take immediate steps to dismiss a lawsuit that Pegatron had filed against InterDigital in February 2015 in the Taiwan Intellectual Property Court, which alleges that certain terms of InterDigitalís Patent License Agreement with Pegatron violate the Taiwan Fair Trade Act. Because InterDigital believes the issues raised in the Taiwan Action are subject to the dispute resolution procedures of the partiesí PLA, InterDigital initiated an arbitration relating to these issues in June 2015, and then filed the NDCA Action seeking an anti-suit injunction barring Pegatron from prosecuting the Taiwan Action and compelling Pegatron to arbitrate the issues raised in the Taiwan Action.
June 26, 2015
16:17 EDTIDCCInterDigital: ITC to review RID involving Nokia and Microsoft
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June 25, 2015
10:00 EDTMROOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AT&T (T) upgraded to Buy from Neutral at BofA/Merrill... Eli Lilly (LLY) upgraded to Buy, added to US 1 List at BofA/Merrill... Finish Line (FINL) upgraded to Buy from Neutral at B. Riley... Gran Tierra (GTE) upgraded to Buy from Hold at Canaccord... Greenhill & Co. (GHL) upgraded to Buy from Sell at Goldman... Magnum Hunter (MHR) upgraded to Equalweight from Underweight at Capital One... Marathon Oil (MRO) upgraded to Buy from Neutral at UBS... Newpark Resources (NR) upgraded to Strong Buy from Outperform at Raymond James... Office Depot (ODP) upgraded to Outperform from Market Perform at Telsey Advisory... Quanex (NX) upgraded to Outperform from In-Line at Imperial Capital... Vestas Wind (VWDRY) upgraded to Outperform from Neutral at Exane BNP Paribas... Web.com (WWWW) upgraded to Buy from Neutral at B. Riley... NRG Yield upgraded to Outperform from Market Perform at Avondale.
05:59 EDTMROMarathon Oil upgraded to Buy from Neutral at UBS
UBS analyst William Featherston upgraded Marathon Oil to Buy after his firm raised its 2015 Brent and WTI oil price forecasts for 2015 and 2016. Marathon is an inexpensive way to play rising oil prices, Featherston tells investors in a recent note. He has a $32 price target for the stock.
05:56 EDTMROChesapeake downgraded to Sell from Neutral at UBS
UBS analyst William Featherston downgraded Chesapeake Energy (CHK) to Sell after his firm cut its long-term normalized natural gas price forecast to $4.00 from $4.50. Featherston thinks Chesapeake carries "far too much financial leverage" and he views the shares as expensive relative to peers. The analyst cut his price target for the stock to $11 from $16. Shares of the natural gas producer closed yesterday down 22c to $11.56. Featherston coupled the downgrade with an upgrade of Marathon Oil (MRO) to Buy.
June 24, 2015
17:34 EDTMWVRockTenn, MeadWestvaco shareholders approve combination
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06:03 EDTMWVRockTenn announces perliminary shareholder merger election results
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June 23, 2015
17:04 EDTMWVRockTenn to host special shareholder meeting
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17:01 EDTMWVMeadWestvaco to host special shareholder meeting
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10:03 EDTWLBHigh option volume stocks
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07:01 EDTWLBWestmoreland board approves purchase agreement for San Juan mine
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June 22, 2015
07:30 EDTMWVPaper & Packaging group to open lower on price cut, says Jefferies
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June 19, 2015
18:12 EDTMWVS&P announces changes to S&P 100, 400, 500, and 600 indices
S&P Dow Jones Indices will make the following changes to the S&P 100, S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices: S&P 500 constituent The Priceline Group (PCLN) will replace Baxter International (BAX) in the S&P 100, Baxalta (BXLT) will replace QEP Resources (QEP) in the S&P 500, QEP Resources will replace Itron (ITRI) in the S&P MidCap 400, and Itron will replace Arch Coal (ACI) in the S&P SmallCap 600 after the close of trading on Tuesday, June 30. Baxter International is spinning off Baxalta in a transaction expected to be completed on that date. Baxter International will remain in the S&P 500 following the distribution, but its post spin market capitalization will no longer make it appropriate for the S&P 100. QEP Resources, Itron and Arch Coal are all ranked near or at the bottom of their current indices. Skechers USA (SKX) will replace Rock-Tenn Co. (RKT) in the S&P MidCap 400, and MiMedx Group (MDXG) will replace Skechers USA in the S&P SmallCap 600 after the close of trading on Tuesday, June 30. S&P 500 constituent MeadWestvaco Corp. (MWV) is combining with Rock-Tenn in a transaction expected to be completed on or about that date. The combined company will remain in the S&P 500 and will change its name to WestRock Co. HealthEquity (HQY) will replace Zep Inc. (ZEP) in the S&P SmallCap 600 after the close of trading on Thursday, June 25. Private equity firm New Mountain Capital is acquiring Zep in a transaction expected to be completed on or about that date pending final approvals.
June 18, 2015
16:41 EDTMROTexas Instruments names Janet Clark to board of directors
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