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Stock Market & Financial Investment News

News Breaks
May 15, 2014
07:01 EDTSTOStatoil downgraded to Sector Perform from Top Pick at RBC Capital
RBC Capital downgraded Statoil two notches to Sector Preform from Top Pick based on valuation and lack of major news flow until later this year. Price target remains $185.
News For STO From The Last 14 Days
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May 6, 2015
05:38 EDTSTOStatoil nomination committee recommends Oystein Loseth as new chair
The nomination committee in Statoil recommends that the company's corporate assembly elects Øystein Løseth as new chair and Roy Franklin as a new member and deputy chair of Statoil's board. Furthermore, the nomination committee recommends a re-election of Bjørn Tore Godal, Jakob Stausholm and Marjan Oudeman as members of the board. Board member Rebekka Glasser Herlofsen, who was elected to the board has been elected until the ordinary election of shareholder-elective members to the board of directors in 2016 Chair of the board Svein Rennemo and board member Jim Mulva have informed the nomination committee that they do not wish to stand for re-election in 2015. Svein Rennemo informed the nomination committee in 2014 that he wanted to be replaced. Jim Mulva has informed the nomination committee that he due to capacity constrains, with several demanding offices, does not wish to stand for re-election. The nomination committee is now recommending a new chair as well as a new member of the board. A new deputy chair of the board has not been elected after the former deputy chair, Grace Reksten Skaugen, resigned from the board with effect from March 19, 2015. The nomination committee is therefore also proposing a new deputy chair of the board.
April 30, 2015
09:18 EDTSTOOn The Fly: Pre-market Movers.
UP AFTER EARNINGS: Glu Mobile (GLUU), up 28.2% after reporting first quarter results and deals with Tencent and Britney Spears... Civeo (CVEO), up 3.05... TASER (TASR), up 9.6%... Virgin America (VA), up 2.7%... Noble Corp (NE), up 1.8%... Statoil (STO), up 2.8%... Alpha Natural (ANR), up 3.6%... Exxon Mobil (XOM), up 1.4%... Phillips 66 (PSX), up 1.2%... NXP Semiconductors (NXPI), up 2.4%. ALSO HIGHER: Clicksoftware (CKSW), up 27.8% after being acquired by Francisco Partners... JetBlue (JBLU), up 1.4% after being upgraded to Outperform from Neutral at Credit Suisse... WuXi PharmaTech (WX), up 16.5% after receiving going private proposal. DOWN AFTER EARNINGS: Yelp (YELP), down 17.1%... Celgene (CELG), down 2.4%... STMicroelectronics (STM), down 11.4%... Harman International (HAR), down 9%... Potash (POT), down 2.4%... Generac (GNRC), down 7%... Nokia (NOK), down 8.7%... Baidu (BIDU), down 2.6%. ALSO LOWER: Inovio Pharmaceuticals (INO), down 18.1% after 9.5M share Spot Secondary priced at $8.00... Miller Energy (MILL), down 9% after receiving 'Wells Notice'... Scorpio Tankers (STNG), down 7.5% after 15M share Spot Secondary priced at $9.30... Advaxis (ADXS), down 6% after 2.8M share Spot Secondary priced at $19.00.
09:14 EDTSTOOn The Fly: Pre-market Movers.
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09:01 EDTSTOExxon begins oil production ahead of schedule at Kizomba Satellites Phase 2
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05:39 EDTSTOStatoil reports Q1 adjusted earnings NOK 22.9B vs. NOK 46B last year
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