Stock Market & Financial Investment News

News Breaks January 3, 2013 11:30 EDT RIG, BP Transocean 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 Check below for free stories on RIG;BP the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. 1 | 2 | all recent news | >> May 23, 2013 12:24 EDT RIG Transocean management to meet with Jefferies Subscribe for More Information 07:47 EDT BP Restrictions may force BP to surrender KG basin block, Economic Times reports Subscribe for More Information May 22, 2013 09:43 EDT BP BP plans to increase production, investment in Iraq, DJ reports Subscribe for More Information 07:49 EDT BP BP fights "unjustified" Gulf oil spill payments, FT reports Subscribe for More Information May 21, 2013 16:25 EDT RIG Transocean announces first quarterly dividend installment of 56c per share Transocean announced the schedule for the first installment of its U.S. dollar-denominated dividend of $2.24 per share, or approximately $807M in the aggregate, from additional paid-in capital. The first installment of 56c per share, or approximately $202M, is based upon the number of currently outstanding shares and represents the first of four quarterly installments totaling $2.24 per share, which was approved by shareholders at the company's Annual General Meeting held on May 17. The dividend will be paid on June 19 to shareholders of record on May 31. The ex-dividend date is May 29. 07:36 EDT RIG UBS to host a conference Global Oil & Gas Conference is being held in Austin, Texas on May 20-23 with webcasted company presentations to begin on May 21 at 8:30 am; not all company presentations may be webcasted. Webcast Link May 20, 2013 08:08 EDT BP EU to review fracking concerns, Reuters reports Environmental concerns over the practice of hydraulic fracturing to get at shale gas will be on the EU's agenda this year, EU Energy Commissioner Guenther Oettinger told the German newspaper Die Welt, reports Reuters. Reference Link 05:40 EDT BP U.S. oil futures rally as many commodities decline, WSJ reports Subscribe for More Information May 17, 2013 16:21 EDT BP On The Fly: Closing Wrap Subscribe for More Information 13:53 EDT RIG Transocean holders approve dividend, reject Icahn proposal Subscribe for More Information 13:50 EDT RIG Icahn nominee wins seat on Transocean board Subscribe for More Information 13:09 EDT BP Tesoro receives FTC clearance for purchase of BP refining, marketing business Tesoro (TSO) announced that the Federal Trade Commission has cleared the company's planned acquisition of BP's (BP) fully integrated Southern California Refining and Marketing business and that Tesoro intends to close the acquisition during Q2. The clearance from the FTC came without any impacts to the assets or operations in the transaction as announced in August of last year. The purchase price of BP's assets is $1.075B, plus the market value of inventory, currently estimated at $1.3B. This amount includes a $100M purchase price reduction for the clearance with regulatory authorities. 12:28 EDT RIG Transocean holders reject Icahn's $4 dividend plan, Bloomberg reports Transocean's (RIG) shareholders rejected the $4 per share dividend proposal in favor of management's $2.24 per share annual dividend, Bloomberg reports, citing a person familiar with the vote count.Reference Link 11:48 EDT RIG Transocean holders reject Icahn's $4 dividend plan, Bloomberg reports Subscribe for More Information May 16, 2013 14:46 EDT BP Tesoro may take over BP California assets as soon as June 1, Reuters says Subscribe for More Information 14:32 EDT BP Tesoro may take ownership of BP Carson refinery, other assets as soon as June 1 Subscribe for More Information 12:47 EDT RIG Transocean EPS estimates lowered at Wells Fargo Subscribe for More Information 07:11 EDT BP BP wants PM Cameron to discuss Gulf compensation with U.S., Reuters reports Subscribe for More Information 06:08 EDT BP On the Fly: Periodicals Wrap-Up Subscribe for More Information May 15, 2013 16:48 EDT RIG Icahn gives quarterly update on stakes Subscribe for More Information 1 | 2 | all recent news | >> Sign up for a free trial to see the rest of the stories you've been missing.