Stock Market & Financial Investment News

News Breaks January 18, 2013 13:29 EDT RIG Transocean rally to continue, says Argus After Transocean reached a deal with the U.S. on Deepwater Horizon claims on January 3 and the stock subsequently climbed, Argus thinks the rally is only in its early stages and the firm maintains a Buy rating on the shares. News For RIG From The Last 14 Days Check below for free stories on RIG the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. May 17, 2013 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 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 12:47 EDT RIG Transocean EPS estimates lowered at Wells Fargo Subscribe for More Information May 15, 2013 16:48 EDT RIG Icahn gives quarterly update on stakes Subscribe for More Information May 13, 2013 05:20 EDT RIG Transocean Chairman J. Michael Talbert announces retirement plans Subscribe for More Information May 9, 2013 07:29 EDT RIG Transocean comments on reports from proxy advisors support for board nominees Subscribe for More Information May 8, 2013 16:35 EDT RIG Transocean sees annualized savings of $300M from cost reductions Transocean said that based on preliminary analysis, it currently anticipates achieving annualized savings associated with its initial phase of its cost reduction initiative of approximately $300M. The expected reduction in onshore costs includes, among other items, the consolidation of facilities, the streamlining of business functions and processes, as well as elimination of processes, programs and tasks that are not central to supporting our core business of operating our rigs safely and efficiently. 16:33 EDT RIG Transocean reports Q1 adjusted EPS 93c, consensus $1.00 Reports Q1 revenue $2.2B, consensus $2.36B. Total rig utilization was 80% in Q1 compared with 79% in Q4. Contract backlog was $28.5B as of the April 18 Fleet Status Report. Since April 18m additional contracts totaling $199M were secured. 15:29 EDT RIG Notable companies reporting after market close Notable companies reporting after the market close, with earnings consensus, include News Corp. (NWSA), consensus 36c; CenturyLink (CTL), consensus 69c; Transocean (RIG), consensus $1.00; Activision Blizzard (ATVI), consensus 11c; Energy Transfer Equity (ETE), consensus 48c; Continental Resources (CLR), consensus $1.13; Green Mountain Coffee Roasters (GMCR), consensus 73c; Sunoco Logistics Partners (SXL), consensus 82c; Tesla Motors (TSLA), consensus 4c. May 6, 2013 10:04 EDT RIG On The Fly: Analyst Upgrade Summary Subscribe for More Information 06:40 EDT RIG Transocean upgraded to Strong Buy from Buy at ISI Group Sign up for a free trial to see the rest of the stories you've been missing.