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Stock Market & Financial Investment News

News Breaks
November 8, 2012
06:36 EDTSTO, BAC, WLLStatoil considers offer for Whiting Petroleum, Reuters reports
Statoil (STO) has approached Whiting Petroleum (WLL) with a potential bid worth up to $7.6B, Reuters reports, citing a report from benzinga.com. Whiting has reportedly hired Bank of America (BAC) to advise it on the possible $65 per share offer. Reference Link
News For STO;WLL;BAC From The Last 14 Days
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June 19, 2013
12:33 EDTSTOStatoil management to meet with Jefferies
Meeting to be held in New York on June 26 hosted by Jefferies.
08:03 EDTSTOGeneral Electric awarded $147M contract by Statoil
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06:05 EDTSTOStatoil make another oil find offshore Newfoundland
Statoil has made a discovery of light, high-quality oil in the Flemish Pass Basin, offshore Newfoundland. Oil was encountered while drilling the Harpoon prospect, located approximately 500 kilometres north-east of St. John's, Newfoundland and Labrador, Canada. The Harpoon discovery was drilled by the semi-submersible rig West Aquarius, in approximately 1,100 metres of water. Harpoon is located about 10 kilometres south-east of Statoil's Mizzen discovery. The Mizzen discovery is estimated to hold between 100M-200M barrels of oil. As part of its 2013 three-well exploration program offshore Newfoundland, Statoil is currently drilling its Federation prospect, located in the Jeanne d'Arc Basin. The company will then return to the Flemish Pass Basin to drill the Bay du Nord prospect, which is located south-west of the Harpoon and Mizzen discoveries.
06:03 EDTSTOStatoil discovers high-quality oil in Flemish Pass Basin in Newfoundland
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05:56 EDTSTOEU looking for evidence that oil traders manipulate prices, WSJ reports
The EU is investigating manipulation of benchmarks as part of a probe into whether energy traders skew prices of oil and other fuels for their own financial benefit, reports the Wall Street Journal. Reference Link
June 18, 2013
10:01 EDTSTOOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Flir Systems (FLIR) upgraded to Strong Buy from Market Perform at Raymond James... HSBC (HBC) upgraded to Buy from Neutral at Citigroup... Motorcar Parts (MPAA) upgraded to Buy from Neutral at B. Riley... People's United (PBCT) upgraded to Overweight from Neutral at JPMorgan... Royal Dutch Shell (RDS.A) upgraded to Focus List from Outperform at Howard Weil... Statoil (STO) upgraded to Outperform from Sector Perform at Howard Weil... CommVault (CVLT) upgraded at Pacific Crest... Newfield Exploration (NFX) upgraded to Buy from Hold at Stifel.
09:13 EDTSTOStatoil upgraded to Outperform from Sector Perform at Howard Weil
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07:29 EDTBACSecurities Industry and Financial Markets Association to host a conference
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June 17, 2013
10:22 EDTBACBank of America reports May card write-offs 4.03% vs. 4.55% last month
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09:07 EDTWLLWhiting Petroleum to mandatorily convert preferred stock to common stock
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07:13 EDTBACBank profits seen hurt by rising rates with no growth, Bloomberg reports
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06:14 EDTBACOn the Fly: Periodicals Wrap-Up
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June 13, 2013
16:00 EDTBACOptions Update; June 13, 2013
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June 12, 2013
10:14 EDTWLLOn the Fly: Initiation Summary
AMRI (AMRI) coverage resumed with a Buy at Sterne Agee… AMRI (AMRI) re-initiated with a Buy at Sterne Agee… Allscripts (MDRX) re-initiated with a Buy at Sterne Agee… Amkor Technology (AMKR) initiated with a Buy at Sidoti… Astec (ASTE) initiated with a Hold at Stifel… Bob Evans (BOBE) initiated with an Outperform at Oppenheimer… Calumet Specialty Products (CLMT) initiated with an Outperform at Credit Suisse… Cerner (CERN) re-initiated with a Neutral at Sterne Agee… Charles River Labs (CRL) re-initiated with a Buy at Sterne Agee… Covance (CVD) re-initiated with a Buy at Sterne Agee… First Republic Bank (FRC) initiated with an Overweight at Barclays… Greenway Medical (GWAY) re-initiated with an Underperform at Sterne Agee… Gulfport Energy (GPOR) re-initiated with an Outperform at Credit Suisse… ICON plc (ICLR) re-initiated with a Neutral at Sterne Agee… Manitowoc (MTW) initiated with a Buy at Stifel… PAREXEL (PRXL) re-initiated with a Neutral at Sterne Agee… Pacific Drilling (PACD) initiated with an Outperform at Credit Suisse… Perrigo (PRGO) initiated with an Overweight at Morgan Stanley… Quality Systems (QSII) re-initiated with a Neutral at Sterne Agee… Quintiles (Q) initiated with an Underperform at Sterne Agee… Reliance Steel (RS) initiated with a Hold at Topeka… SVB Financial (SIVB) initiated with an Equal Weight at Barclays… Terex (TEX) initiated with a Buy at Stifel… Texas Roadhouse (TXRH) initiated with a Buy at BofA/Merrill… Whiting Petroleum (WLL) initiated with an In-Line at Imperial Capital… athenahealth (ATHN) re-initiated with a Neutral at Sterne Agee.
10:02 EDTWLLWhiting Petroleum initiated with an In-Line at Imperial Capital
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08:49 EDTBACBabcock & Wilcox names Mark Carano Chief Corporate Development Officer
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06:41 EDTBACFirm says JPMorgan was top investment bank in Q1, Reuters reports
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06:04 EDTBACCoty to price its IPO later today, WSJ reports
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05:58 EDTBACSome major banks get two year delay on swap rule, WSJ reports
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June 11, 2013
18:35 EDTBACBanks given extension to spin off swaps units, WSJ reports
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