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Stock Market & Financial Investment News

News Breaks
December 23, 2013
12:16 EDTOXYOccidental Petroleum settles dispute with Ray Irani
Occidental Petroleum disclosed in a filing that the company and Dr. Irani have settled their dispute and resolved all matters relating to his separation. Under the settlement, his employment will terminate and he will receive $14M, but not the $16.8M termination payment described in the 2013 Proxy Statement which he claimed, continuation of his tax preparation and financial planning services and his security services for life, but not the longer list of post-termination lifetime perquisites he claimed, and certain other benefits. However, he will not receive an individual performance bonus for 2013 under the Executive Incentive Compensation Plan. The settlement also provides for a mutual release of claims and a non-disparagement agreement. The total pre-tax cost of the settlement and such other payments is currently estimated to be approximately $26M, plus up to $1.3M in annual costs. As previously reported, Ray Irani was not re-elected to the Board at the 2013 Annual Stockholders Meeting, and so was not re-elected as Chairman of the Board.
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April 23, 2014
10:01 EDTOXYOn The Fly: Analyst Initiation Summary
ANSYS (ANSS) initiated with an Outperform at William Blair... AuRico Gold (AUQ) reinstated with an Outperform at Credit Suisse... Ball Corp. (BLL) initiated with a Neutral at JPMorgan... Central Valley Community Bancorp (CVCY) initiated with an Outperform at Fig Partners... Crown Holdings (CCK) initiated with an Overweight at JPMorgan... EQT Midstream Partners (EQM) initiated with a Strong Buy at ISI Group... First Cash Financial (FCFS) initiated with an Overweight at HSBC... Galmed (GLMD) initiated with a Buy at Maxim... Harman (HAR) initiated with an Outperform at RBC Capital... Interval Leisure (IILG) initiated with an Outperform at Imperial Capital... Kroger (KR) initiated with a Market Perform at Wells Fargo... Manulife Financial (MFC) initiated with a Buy at UBS... ONEOK Partners (OKS) initiated with a Neutral at ISI Group... Occidental Petroleum (OXY) initiated with a Neutral at Global Hunter... Owens-Illinois (OI) initiated with a Neutral at JPMorgan... Sprouts Farmers Markets (SFM) initiated with an Outperform at Wells Fargo... Sun Life Financial (SLF) initiated with a Buy at UBS... Sysorex Global (SYRX) initiated with a Buy at Dougherty... TPG Specialty Lending (TSLX) initiated with a Neutral at Citigroup... UGI Corporation (UGI) initiated with an Equalweight at Barclays... WhiteWave Foods (WWAV) initiated with a Buy at Deutsche Bank... Williams Partners (WPZ) initiated with a Buy at ISI Group.
06:48 EDTOXYOccidental Petroleum initiated with a Neutral at Global Hunter
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