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Stock Market & Financial Investment News

News Breaks
March 27, 2014
11:11 EDTNBLNoble Energy, Delek ordered to sell Tanin, Karish fields, Globes reprots
An Israeli regulator has ordered Noble Energy (NBL) and its Israeli partner, Delek, to sell their stakes in the Karish and Tanin gas fields off the coast of Israeli, according to a Hebrew article in Globes. The companies will have to sell their rights to any oil found in the fields, the newspaper added. Reference Link
News For NBL From The Last 14 Days
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May 20, 2015
07:26 EDTNBLUBS to hold a conference
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May 19, 2015
09:45 EDTNBLNoble Energy upgraded to Buy from Neutral at Global Hunter
07:44 EDTNBLCowen sees energy M&A focusing on accretive deals from non-core assets
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May 15, 2015
17:33 EDTNBLPoint72 Asset Management gives quarterly update on stakes
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17:08 EDTNBLSoros Fund gives quarterly update on stakes
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16:21 EDTNBLStocks end week little changed as data, deals offset bond yield jumps
Stocks ended the week little changed as a number of M&A deals and a few relatively strong economic data points offset worries about rising bond yields. MACRO NEWS: U.S. weekly jobless claims came in better than expected and reached the lowest four-week average level in 15 years... In Europe, the combined GDP of the 19 eurozone countries grew 0.4% in the first quarter, which was a bit weaker than the 0.5% consensus growth forecast but a pickup from the 0.3% growth pace of the final quarter of last year. Of note, all four of the euro zone's largest economies recorded growth in the same quarter for the first time since the first half of 2010... The People's Bank of China reduced its one year interest rate by 0.25%, marking the third time in the last six months that the central bank has cut benchmark rates... Bond yields surged in many of the world's largest economies, raising worries about inflation and putting pressure on stocks in the beginning of the week. COMPANY NEWS: There was a significant amount of M&A activity again this week, with the headliner being Verizon's (VZ) deal to acquire AOL (AOL) for $50 per share in a transaction valued at $4.4B. Danaher (DHR) agreed to buy purification technologies supplier Pall Corporation (PLL) for $127.20 per share in cash. Danaher also announced that it plans to split itself into two publicly traded companies. Energy infrastructure company Williams (WMB) announced a simplification deal to buy its affiliate Williams Partners (WPZ) for $13.9B in an all-stock transaction. Energy exploration company Noble Energy (NBL) agreed to acquire Rosetta Resources (ROSE) in an all-stock deal. Noble is buying Rosetta for $2.1B in stock plus the assumption of Rosetta's net debt of $1.8B... Alibaba (BABA) acquired a 9.3% stake in Zulily (ZU), an e-commerce retailer geared toward women. A person familiar with the matter reportedly told the Wall Street Journal that the Chinese e-commerce giant is not pursuing an outright acquisition of the U.S. company, however... Shares of Netflix (NFLX) jumped Friday and hit a new all-time high after Bloomberg reported that the company is in talks with Wasu Media, a Chinese media company backed by Alibaba Executive Chairman Jack Ma, about forming a partnership to bring its content to China... Nelson Peltz's Trian Fund Management lost its proxy fight with DuPont (DD) as Trian did not succeed in getting its nominees elected to the DuPont board. INDEXES: For the week, the Dow rose 0.45% to 18,272.56, the Nasdaq gained 0.89% to 5,048.29, and the S&P 500 climbed 0.31% to 2,122.73.
May 13, 2015
14:16 EDTNBLIsrael considering exempting Jordan gas shipments from quota, Globes says
The Israeli government is considering excluding natural gas shipments to Jordan from the Israeli gas export quota, according to Globes. Since Noble Energy and its partners in Israel's gas fields have signed a $15B, 15 year deal to supply natural gas to Jordan, the measure would effectively enable the consortium to export more gas, the newspaper noted. Reference Link

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