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Stock Market & Financial Investment News

News Breaks
November 25, 2013
07:04 EDTNOVNational Oilwell says spinoff to operate as DistributionNOW
National Oilwell Varco announced that it has formed a new Delaware corporation, NOW Inc., to eventually serve as the independent, publicly traded company for its previously announced proposed plan to spin off to its shareholders its Distribution Business. The proposed publicly traded distribution business intends to operate under the name DistributionNOW. The company also announced the names of certain members of the Executive Management team for this company. On the effective date of the spinoff, Robert Workman will become the CEO of the publicly traded distribution company, Daniel Molinaro will become its CFO and David Cherechinsky will become its Chief Accounting Officer. National Oilwell Varco previously announced that Merrill A. “Pete” Miller, Jr. will become the Executive Chairman of that publicly traded distribution company on the effective date of the spinoff. National Oilwell Varco also announced that it intends to promote Trevor Martin to the position of Treasurer on the effective date of the spinoff, to fill the position that will be left vacant by the departure of Molinaro.
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April 17, 2014
09:35 EDTNOVActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL GOOGL GOOG NFLX TSLA AMZN GOLG NOV AA IBM
April 9, 2014
10:18 EDTNOVNational Oilwell sees NOW spinoff completed in Q2
National Oilwell Varco announced that Marcela E. Donadio has been appointed to the National Oilwell Varco Board of Directors effective April 8. NOV also announced that NOW Inc. has filed its amended Form 10 with the Securities and Exchange Commission. The company anticipates the spin will be completed in 2Q14.

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