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Stock Market & Financial Investment News

News Breaks
December 6, 2012
06:08 EDTRDS.A, BP, XOM, CVX, CIE, KOS, KKROn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Shipping some of the newly abundant U.S. natural gas overseas would benefit the nation's economy more than keeping it all at home, according to a long-awaited study by the Energy Information Administration, which has the potential to reshape the global energy market. The endorsement could turn the tide in a politically sensitive issue, the Wall Street Journal reports...Regulators and market analysts say some money managers wait until the last moments of a quarter to bid aggressively for more shares of a stock they already own, which drives up the value of their entire position in the stock. A Wall Street Journal analysis of daily trading in about 10,000 stocks since 2004 found that on the final trading day of each quarter, there was a sharp increase in the number of stocks that beat the market by at least five percentage points, then trailed it by three points or more the next trading day, the Wall Street Journal reports...REUTERS: Apple’s (AAPL) rank in China's smartphone market fell to number six in Q3, or under 10%, as it faces tougher competition from Chinese brands, according to research firm IDC, Reuters reports...The European Central Bank will likely keep interest rates on hold on today but may offer clues on its policy path for next year with updated forecasts likely to present a difficult outlook for the euro zone economy in 2013, Reuters reports...BLOOMBERG: Chevron (CVX), facing its longest slide in energy output in four years, could use its record cash to reignite growth by acquiring Cobalt International Energy (CIE) or Kosmos Energy (KOS), Bloomberg reports...KKR & Co. (KKR) sees investment opportunities in Southeast Asian companies that will benefit from economic growth and increased consumer spending in 2013, Bloomberg reports.
News For A;BP;XOM;CVX;CIE;KOS;KKR From The Last 14 Days
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September 2, 2014
11:58 EDTCVXChevron set to test support, levels to watch
Shares are down 1.1% today in a weak energy sector. At the current price of $127.99, next support is at the 10-day moving average which was last at $127.94. Resistance is at $128.96, which was the last value for the 30-day moving average. A breakdown below the 10-day would be bearish for price. Next support in that event would be at $126.42.
09:02 EDTBPHalliburton reaches $1.1B settlement on claims related to Macondo
Halliburton (HAL) announced that it has reached an agreement to settle a substantial majority of the plaintiffs’ class claims asserted against the company as a result of the April 20, 2010 Macondo well incident in the Gulf of Mexico. The approximately $1.1B settlement, which includes legal fees, is subject to approval by the United States District Court for the Eastern District of Louisiana, and will be paid into a trust until all appeals have been resolved in three installments over the next two years. The company’s previously accrued loss contingency provision relating to the multi-district litigation proceedings is currently $1.3B. The agreement includes the following: Claims against Halliburton that BP (BP) assigned to the settlement class in BP’s April 2012 settlement, Punitive damages claims against Halliburton by a class of plaintiffs who allege damages to property or associated with the commercial fishing industry arising from the Deepwater Horizon Incident, and Affirmation that Halliburton has no liability for compensatory damages to the members of the settlement class in the BP April 2012 settlement. Payments will be held in the trust, pending the finalization of this settlement which is contingent on final Court approval, including any appeals of: The BP 2012 settlement with the settlement class, The District Court’s earlier determination that the contractual indemnity provided by BP to Halliburton is valid and enforceable, and The District Court’s earlier dismissal of economic damage claims against Halliburton. Additionally, the settlement is subject to an agreed-upon level of participation by the current claimants which, if not achieved, allows Halliburton to terminate the agreement.
07:37 EDTCIECobalt added to Best of Bernstein list at Bernstein
Bernstein added Cobalt to its Best of Bernstein list as the firm thinks the stock has reached an attractive entry point. The firm believes that the company's results were positive, while fears about its Wells notice are excessive. Bernstein added the stock to its Best of Bernstein list and keeps an Outperform rating on the shares.
August 29, 2014
09:37 EDTBPActive equity options trading on open
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09:10 EDTKKRKKR in deal to be among largest Education Management stakeholders, NY Post says
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06:38 EDTXOM, BP, CVXRising oil supplies pressuring prices, NY Times says
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August 28, 2014
09:34 EDTBPBP confirms refinery 'minimally' affected after fire, AP reports
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07:35 EDTBPBP downgraded to Underweight from Equal Weight at Morgan Stanley
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07:08 EDTKKRKKR gains over 90% of WMF share capital, Reuters says
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05:28 EDTKKRKKR, Borealis Maritime acquires nine ships from Commerzbank
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August 27, 2014
16:38 EDTCIECobalt no longer has relationship with Nazaki or Alper
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06:22 EDTXOMExxon division pays $1.4M to settle Louisiana spill claims, Reuters says
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August 26, 2014
08:18 EDTKKRKKR to take 18% stake in Fujian Sunner Development
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06:45 EDTCVXChevron aims for $1.5B in Canadian oil endeavor, Reuters says
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August 25, 2014
16:36 EDTCVXPacific Drilling gets firm contract extension for the Pacific Bora
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August 24, 2014
21:23 EDTKKRLender group set to offer EDMC revised debt package, NY Post says
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August 22, 2014
06:39 EDTBPBP drops $9.3B on fuel stations, exploration in Australia, Bloomberg says
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August 20, 2014
11:44 EDTKKRMylan completes second bidding round for GSK prescription portfolio, WSJ says
Mylan (MYL), TPG Capital, Advent International, KKR (KKR), Warburg Pincus and a few Indian prescription manufacturers have completed the second round of bidding for GlaxoSmith Kline's (GSK) portfolio of mature medications, according to The Wall Street Journal, citing people familiar with the sales process. GSK noted that it aims to sell a portfolio of drug brands in the U.S. and EU with yearly sales of approximately $1.66B. Reference Link

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