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Stock Market & Financial Investment News

News Breaks
January 3, 2013
12:27 EDTRIG, BPTransocean announces $1.4B settlement with Justice Department
Transocean announced that it has reached an agreement with the U.S. Department of Justice to resolve certain outstanding civil and potential criminal claims against the company arising from the 2010 accident involving the Deepwater Horizon in the Gulf of Mexico. As part of this resolution, a Transocean subsidiary has agreed to plead guilty to one misdemeanor violation of the Clean Water Act for negligent discharge of oil into the Gulf of Mexico and pay $1.4B in fines, recoveries and penalties. This resolution will result in the Department of Justice concluding its criminal investigation of Transocean and settling its claims for civil penalties against the company relating to the spill from BP's (BP) Macondo well. The company intends to satisfy its payment obligations over a period of five years, using cash on hand and cash flow from operations. At September 30, Transocean had accrued an estimated loss contingency of $1.5B associated with claims made by the Department of Justice. Any potential claims associated with the Natural Resources Damage Assessment process are excluded from the agreement with the Department of Justice, the company said.
News For RIG;BP From The Last 14 Days
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October 1, 2014
13:28 EDTBPJudge says BP must face suits from foreign investors in U.S., Bloomberg reports
A judge has ruled that BP must face lawsuits in the U.S. from foreign investors, Bloomberg reports.Reference Link
07:38 EDTBPRailcar, oil groups push back over crude-train deadlines, WSJ says
The Association of American Railroads, which represents oil and freight haulers, and the American Petroleum Institute, the lobbying group for oil companies, told the U.S. Transportation Department that they need more than two years to build safer railcars to haul crude, pushing back against some proposed federal rules, reported The Wall Street Journal. Rail car makers include Trinity Industries (TRN), FreightCar America (RAIL), American Railcar Industries (ARII) and Greenbrier (GBX). Publicly traded oil majors include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
September 29, 2014
06:28 EDTBPRoyal Dutch Shell, BP in running for Abu Dhabi oil deal, The Telegraph says
Royal Dutch Shell (RDS.A) and BP (BP) are in the final running for a deal to operate oil fields in Abu Dhabi's onshore fields. , reports The Telegraph. Suhail Al-Mazrouei, minister of energy for the United Arab Emirates and a member of the Gulf state’s powerful Supreme Petroleum Council, said both companies remained under consideration, adding that "they have been legacy partners, and we hope they will have a chance and play a role in the future of the oil industry in Abu Dhabi.” Reference Link
September 25, 2014
11:35 EDTRIGStocks with call strike movement; FB RIG
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11:12 EDTBPBP volatility increases, shares at nine-month low
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09:36 EDTBPActive equity options trading on open
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06:11 EDTBPStocks with implied volatility below IV index mean; BP HD
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September 24, 2014
16:01 EDTRIGOptions Update; September 24, 2014
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13:15 EDTBPJudge says BP can't seek restitution of 2010 Gulf oil spill claims, AP says
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12:49 EDTBPJudge says BP can't seek restitution of spill claims, Bloomberg reports
September 22, 2014
16:37 EDTRIGTransocean receives $115M in new contracts since August 21 fleet update
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16:00 EDTBPOptions Update; September 22, 2014
iPath S&P 500 VIX Short-Term Futures up 91c to 28.14. Option volume leaders: AAPL TSLA NFLX C TWTR AMZN BP PBR CLF WLT according to Track Data.
September 21, 2014
12:48 EDTRIGTransocean to host special shareholder meeting
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September 18, 2014
16:00 EDTBPOptions Update; September 18, 2014
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