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Stock Market & Financial Investment News

News Breaks
January 3, 2013
11:30 EDTBP, RIGTransocean in $1.4B settlement with Justice Department, WSJ reports
Transocean (RIG) and the Department of Justice are expected to announce Thursday afternoon a settlement to resolve all of the company's civil and criminal issues stemming from the Deepwater Horizon oil spill in the Gulf of Mexico, Wall Street Journal reports, citing sources familiar with the talks. Transocean, the owner of the drilling rig that exploded, is expected to pay fines and penalties of about $1.4B, the Journal added. Shares of Transocean rallied 4% following the Journal's report, while BP (BP) rallied over 1%. Reference Link
News For RIG;BP From The Last 14 Days
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August 26, 2015
12:47 EDTRIGOn The Fly: Top stock stories at midday
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10:44 EDTRIGStocks with call strike movement; FCX RIG
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09:25 EDTRIGOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Abercrombie & Fitch (ANF), down 15.1%... Express (EXPR), up 9.8%... Frontline (FRO), up 10.4%... Chico's FAS (CHS), up 9.3%. ALSO HIGHER: Oshkosh (OSK), up 11.9% after being awarded a $6.7B contract by the U.S. Army... EMC Corporation (EMC), up 5.8% after Re/code reported that the board is considering a VMware (VMW) downstream merger proposal... Google (GOOG), up 4.6% after being upgraded to Conviction Buy from Neutral at Goldman... Ford (F), up 2.4% after Bloomberg reported that the company is considering returning production of Bronco and Ranger to the U.S. NOTABLE: Cameron International (CAM), up 45.4% after announcing that it will be acquired by Schlumberger (SLB). Schlumberger is down 1.9%. LOWER: WisdomTree (WETF), down 3.6% after being downgraded to Sell from Buy at Citi... Transocean (RIG), down 3.4% after proposing to cancel Q3 and Q4 dividends.
August 25, 2015
18:47 EDTRIGOn The Fly: After Hours Movers
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18:11 EDTRIGTranocean tanks after proposing dividend cancellations, peers follow
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17:00 EDTRIGTransocean may cancel Q3, Q4 dividend
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August 24, 2015
14:25 EDTBPBP refrains from trip to Iran amid U.S. sanction concerns, FT says
BP has chosen not to join U.K. foreign secretary Philip Hammond's trip to reopen the country's Iranian embassy due to concerns over U.S. sanctions that are still in effect, the Financial Times reports, citing people close to the company. "Sanctions are still in place and we will not do anything while that is the case. We are monitoring the situation and will take a look at the opportunities," said the company, according to the publication. Reference Link
09:23 EDTBPGevo, Butamax enter global patent cross-license, settlement agreements
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August 23, 2015
17:49 EDTBPIran to increase oil production as BP, Shell express interest, Bloomberg says
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August 20, 2015
06:10 EDTBPAuction for drilling leases attracts little interest, NY Times reports
A federal auction for drilling leases in the Gulf of Mexico Wednesday attracted only $22.7M in sales from five companies, the lowest since 1986, reports the New York Times. Most companies have insisted they would not sacrifice production in future years, but executives have recently expressed concern that the oil price collapse could last through 2016 and possibly even 2017. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
August 19, 2015
18:52 EDTRIGTransocean provides fleet update summary
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11:09 EDTRIGStocks with call strike movement; ABX RIG
Barrick Gold (ABX) January 9 call option implied volatility increased 2% to 59, Transocean (RIG) November 16 call option implied volatility increased 3% to 57 according to iVolatility.
August 17, 2015
12:16 EDTRIGStocks with call strike movement; RIG TWTR
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10:03 EDTBPEmerson signs 10-year agreement with BP for enhanced oil and gas execution
BP (BP) and Emerson (EMR) have signed a global agreement for Emerson Process Management, a global business of Emerson, to provide automation technologies and aftercare services for BP's upstream oil and gas operations. The new 10-year agreement extends the existing arrangement between the companies, allowing Emerson to provide an expanded scope of technologies and expertise that help ensure safe and competitive projects and support BP's Field of the Future program for enhanced operating efficiency and oil recovery. The new agreement expands the companies' existing relationship on upstream projects. Under the scope of the new agreement, Emerson will continue to supply automation system technologies, including distributed control systems and safety instrumented systems, but will now also provide valves and measurement instruments as well as technologies for supervisory control and data acquisition, asset management, and machinery health monitoring.
06:45 EDTBPBP investors not sold on takeover talks, FT reports
Few BP investors have enough faith to buy into takeover talk given the company's own aggressive cost-cutting campaign might have eliminated the synergy upside to a potential purchaser, the Financial Times reports. Reference Link
August 14, 2015
13:56 EDTRIGU.S. greenlights crude oil export swaps with Mexico
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09:37 EDTBPBP set to appeal U.S. decision on gas market manipulation, AFP reports
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09:37 EDTBPActive equity options trading on open
Active equity options trading on open: AAPL TWTR FB NFLX TSLA QIHU JCP BABA BP
07:08 EDTBPBP's Whiting shutdown shakes oil markets, FT reports
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06:14 EDTBPJudge rules BP traders rigged gas market after 2008 hurricane, FT reports
BP is facing the possibility of fresh regulatory fines after a judge ruled that its energy traders rigged a U.S. natural gas market after a 2008 hurricane, the Financial Times reports. The company's Southeast Gulf Texas desk allegedly plotted to lose some money on physical gas positions in an effort to increase the value of holdings of financial derivatives tracking gas, the report says. Reference Link
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