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Stock Market & Financial Investment News

News Breaks
March 17, 2013
20:44 EDTRIGTransocean board rejects Icahn proposal for dividend, director nominees
Transocean announced that its board has reviewed the proposals submitted by certain Funds affiliated with Carl Icahn for vote at its 2013 shareholders meeting. Mr. Icahn proposed a dividend of $4 per share and nominated three candidates (John J. Lipinski, Josť Maria Alapont and Samuel Merksamer) for election to Transocean's Board of Directors. Mr. Icahn also submitted a proposal to repeal the company's staggered board structure. The Board has determined that Mr. Icahn's dividend proposal is in direct conflict with Transocean's disciplined capital allocation strategy, which includes maintaining a strong, flexible balance sheet and an investment grade rating on its debt; disciplined, high-return investment in the business; and the distribution of excess cash to shareholders. Specifically, the Board believes the dividend proposed by Mr. Icahn would adversely affect the company's ability to operate and compete effectively in a cyclical and capital-intensive industry. Further, the election of Mr. Icahn's candidates -- who are hand-picked to pursue his potentially damaging short-term agenda -- is not in the best interest of the company and all of its stakeholders.
News For RIG From The Last 14 Days
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August 27, 2015
15:19 EDTRIGOptions Update; August 27, 2015
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August 26, 2015
16:26 EDTRIGOn The Fly: Top stock stories for Wednesday
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15:59 EDTRIGOptions Update; August 26, 2015
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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 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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August 14, 2015
13:56 EDTRIGU.S. greenlights crude oil export swaps with Mexico
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