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Stock Market & Financial Investment News

News Breaks
March 19, 2014
07:31 EDTPAA, WFC, EPD, ENBWells Fargo to hold a forum
Energy Fundamentals Forum: Crude Oil is being held in Houston, Texas on March 19.
News For WFC;ENB;EPD;PAA From The Last 14 Days
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July 1, 2015
16:25 EDTEPDEnterprise Products signs additional commitment for Aegis ethane pipeline
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10:38 EDTWFCWells Fargo July volatility flat into Q2 and outlook
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08:36 EDTENBEnbridge purchases equity position in Fairwood LNG
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07:57 EDTWFCU.S. banks not facing significant direct losses on Greek default, WSJ says
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June 25, 2015
07:13 EDTWFCFed director says full transparency in stress testing can be 'enormous weakness'
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June 24, 2015
15:47 EDTEPDBankers see Energy Transfer having upper hand for Williams, dealReporter says
Energy industry bankers believe Energy Transfer Equity (ETE) has a good chance of winning its hostile bid for Williams (WMB), with one guessing Williams is likely to sell at a higher offer, but still to Energy Transfer, and another believing Energy Transfer will likely have to tweak the offer terms to change Williamsí mind, said dealReporter, according to contacts. Both bankers referenced in the report said other suitors are likely to emerge, with Kinder Morgan (KMI) and Enterprise Products Partners (EPD) named as being "equally capable" of pursuing a deal.
08:40 EDTPAAExxon closes oil production off Santa Barbara after pipe burst, L.A. Times says
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07:18 EDTPAACredit Suisse to hold a conference
2015 MLP & Energy Logistics Conference is being held in New York on June 23-24 with webcasted company presentations to begin on June 24 at 8 am; not all company presentations may be webcasted. Webcast Link
June 23, 2015
18:32 EDTPAAPlains All American, Delek Logistics announce open season for Caddo Pipeline
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16:07 EDTPAAPlains All American announces open season for proposed Cushing to Longview
Plains All American Pipeline announced that it is conducting an open season for committed capacity on a proposed new crude oil pipeline from Cushing, Oklahoma to Longview, Texas. The open season process provides an opportunity for potential shippers to offer long-term volume commitments for service from Cushing to Longview in exchange for a discounted rate. The proposed pipeline would originate at the Plains Cushing, Oklahoma Terminal and provide an initial capacity of approximately 120,000 barrels per day of light sweet crude to Longview, Texas. By submitting a binding proposal, bidders are offering to enter into a long-term throughput and deficiency agreement for pipeline capacity. The open season begins on June 23 and will end at 5 p.m. CT on July 23.
13:02 EDTWFCSumitomo, others show interest in GE railway-leasing business, WSJ says
Japan's Sumitomo Mitsui Financial Group is interested in buying General Electric's (GE) railway-leasing business, says the Wall Street Journal, citing sources. Wells Fargo (WFC) and other U.S. financial institutions have also shown interest in GE Capital Rail Services, which may be worth around $4B, added the Wall Street Journal, citing people familiar with the matter. Reference Link
June 22, 2015
17:04 EDTEPDOn The Fly: Top stock stories for Monday
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08:47 EDTEPDKinder Morgan not likley to bid Williams, says Credit Suisse
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June 19, 2015
07:35 EDTENBEnbridge agrees to transfer Canadian Mainline to Enbridge Income Fund for $30.4B
Enbridge has reached agreement with Enbridge Income Fund to transfer its Canadian Liquids Pipelines Business, held by Enbridge Pipelines, or EPI, and Enbridge Pipelines Athabasca, or EPA, and certain Canadian renewable energy assets to the Fund for consideration payable at closing valued at $30.4B. The Transaction is subject to customary regulatory approvals and closing conditions, as well as a vote of the public shareholders of Enbridge Income Fund Holdings, which is expected to occur in August. The Transaction is a key component of Enbridge's Financial Strategy Optimization introduced in December of last year which included an increase in the company's targeted dividend payout. It advances the company's sponsored vehicle strategy and supports Enbridge's previously announced 33 percent dividend increase in 2015 and expected annual average dividend per share, or DPS, growth of 14%-16% from 2016 through to 2018. It also positions Enbridge to extend its industry leading DPS growth beyond 2018. The Transaction is expected to provide Enbridge with an alternate source of funding for its enterprise wide growth initiatives and enhance its competitiveness for new organic growth opportunities and asset acquisitions. In conjunction with the execution of the Transaction, Enbridge will commence employing supplemental cash flow metrics as part of its normal course quarterly reporting of financial performance and in its guidance. Among other measures, management also expects to utilize available cash flow from operations, or ACFFO, as defined under Non-GAAP Measures below, to assess the performance of its base business and expected growth program as well as its dividend outlook. ACFFO is currently expected to grow at a compound average annual rate of approximately 18% from 2014-2018, inclusive of the impacts of the Transaction. Going forward, the company will express its dividend payout range as a percentage of ACFFO rather than adjusted earnings. The target dividend payout policy range will be 40%-50% of ACFFO, which is approximately equivalent to the previous payout range of 75%-85% of adjusted earnings. The Transaction will significantly increase the Fund's scale and scope and create a transparent source of long-term growth driven by the $15B low risk, commercially secured growth program embedded within the transferred business, $2B of which is already in service. ENF's dividend is expected to be increased by approximately 10% on closing and by an expected further 10% at the beginning of 2016 and each year thereafter through 2019.
07:31 EDTENBEnbridge agrees to transfer Canadian Mainline to Enbridge Income Fund for $30.4B
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June 18, 2015
15:46 EDTWFCWells Fargo names Hope Hardison as Chief Administrative Officer
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June 17, 2015
15:04 EDTWFCGE Capital Real Estate closes nearly $10B in deals towards exit
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11:16 EDTWFCOCC restricts some banks from certain mortgage related business activity
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11:07 EDTWFCWells Fargo issues statement on amended OCC Consent Order
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06:48 EDTWFCMore big banks waiving overdraft fees, WSJ reports
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