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Stock Market & Financial Investment News

News Breaks
July 2, 2014
11:56 EDTRIGTransocean announces favorable Norwegian district court ruling
Transocean announced that the District Court in Oslo, Norway ruled in a criminal case relating to criminal charges issued by Norwegian authorities against three of the company's subsidiaries for Norwegian tax returns filed for the years 1999 through 2002. In addition to the criminal charges, the Norwegian authorities asserted financial claims of NOK 1.8B, equivalent to approximately $302M, jointly and severally, against one of the company's subsidiaries, two external tax attorneys and an external tax advisor, plus criminal fines and interest. The District Court acquitted all defendants of all charges and the Prosecution Authorities have 14 days from receipt of the ruling to appeal the same, the company said. Separately, on June 26, the District Court in Oslo, Norway issued its ruling in a civil dispute over a related tax assessment of NOK 412M, equivalent to $68M, levied against an affiliate of the company. While waiving all interest and penalties, the Court concluded that the Transocean affiliate owes the associated tax assessments. The company is currently evaluating these decisions and will take action, as necessary, to continue to support its position that its Norwegian tax returns are materially correct as filed, Transocean said.
News For RIG From The Last 14 Days
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December 19, 2014
15:03 EDTRIGTransocean trades up, levels to watch
The shares are up over 8.2% today to $19.76. This has moderated the extreme downtrend the stock has been in for some time. At that price the stock has a very long way to go to get even to the downtrend resistance line at the 50-day moving average. That average was last at $25.02. Support is at $19.24.
December 18, 2014
18:11 EDTRIGTransocean to scrap seven floaters, sees Q4 charge of $100M-$140M
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December 17, 2014
12:51 EDTRIGNY state to ban fracking next year, CNBC reports
Publicly traded companies in the oil services space include Baker Hughes (BHI), Diamond Offshore (DO), Halliburton (HAL), Nabors Industries (NBR), Noble Corp. (NE), Rowan Companies (RDC), Schlumberger (SLB), Transocean (RIG) and Weatherford (WFT).
December 11, 2014
16:01 EDTRIGOptions Update; December 11, 2014
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December 9, 2014
11:24 EDTRIGStocks with call strike movement; RIG GPRO
Transocean (RIG) May 22 call option implied volatility decreased 2% to 63, GoPro (GPRO) April 77.5 call option implied volatility decreased 5% to 58 according to IVolatility.
December 8, 2014
11:31 EDTRIGStocks with call strike movement; RIG GPRO
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