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Stock Market & Financial Investment News

News Breaks
June 10, 2014
14:19 EDTTS, PBR, VLOUFTenaris drops after competitor cuts guidance
Shares of steel pipe and tube maker Tenaris (TS) are falling after its competitor, Vallourec (VLOUF), reduced its guidance for its 2014 earnings before interest taxes depreciation and amortization. WHAT'S NEW: Vallourec now expects its EBITDA to drop 10% this year compared to 2013, the company stated in a press release earlier today. The company had previously anticipated that it would post a "moderate" increase in EBITDA this year. One reason for the change was a decision by Brazilian energy company Petrobras (PBR) to eliminate most of its tube inventories by the end of the year, Vallourec stated. Also, demand in the company's Europe, Asia, Middle East, and Africa region has declined as energy companies adjust their inventories and delay some tenders for premium products, Vallourec reported. "Management remains convinced of the long-term attractiveness of the global oil & gas end markets the Group serves and committed to implementing its strategy aimed at taking full advantage of these favorable structural trends," Vallourec's chairman, Philippe Crouzet, said in a statement. PRICE ACTION: In mid-afternoon trading, Tenaris dropped 3.3% to $45.34 and Vallourec shares trading in New York slumped 8% to $50.
News For TS;VLOUF;PBR From The Last 14 Days
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March 26, 2015
13:10 EDTPBRPetrobras to exit oil business in Japan, Nikkei reports
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05:54 EDTPBRPetrobras-linked Galvao Engenharia files for bankruptcy, Financial Times says
A Petrobras-linked Brazilian builder Galvao Engenharia has filed for bankruptcy, reports the Financial Times. The company blamed its finances on the fallout from police investigations into an alleged bribery and kickback scheme at Petrobras. Reference Link
March 24, 2015
09:38 EDTPBRActive equity options trading on open
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March 23, 2015
16:01 EDTPBROptions Update; March 23, 2015
iPath S&P 500 VIX Short-Term Futures down 48c to 25.24 Option volume leaders: AAPL TSLA TWTR GILD CELG FB TSLA AMZN TEVA PBR according to Track Data.
09:30 EDTPBRHSBC raises exposure to Russia, Brazil, others, Reuters says
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March 19, 2015
07:32 EDTPBRPetrobras volatility elevated as shares near 12-year low
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March 18, 2015
16:00 EDTPBROptions Update; March 18, 2015
iPath S&P 500 VIX Short-Term Futures down 1.20 to 26.10. Option volume leaders: AAPL RAD PBR TWTR FB TSLA CLF BP MGM according to Track Data.
March 13, 2015
16:01 EDTPBROptions Update; March 13, 2015
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09:50 EDTPBRActive equity options trading on open
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09:28 EDTPBRPetrobras seeks deadline deal with creditors, Folha reports
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05:56 EDTPBRStocks with implied volatility movement; MYL PBR
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March 12, 2015
09:35 EDTPBRActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL C PBR POT MRVL AMAT MSFT TSLA X TWTR
07:09 EDTPBRCitigroup to hold a conference
23rd Annual Latin America Conference in New York on March 12-13.

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