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Stock Market & Financial Investment News

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January 3, 2013
12:07 EDTRIGTransocean reported settlement would be very positive, says Wells Fargo
Wells Fargo views the settlement details between Transocean and the Department of Justice as reported by the Wall Street Journal as very positive for the company. Wells notes the settlement amount is within Transocean's most recently indicated range of $2.0B. Wells believes Transocean will still have to settle private claims such as wrongful death and pain and suffering claims for killed and injured workers. The firm has an Outperform rating on the stock.
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