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Stock Market & Financial Investment News

News Breaks
June 17, 2014
05:46 EDTWFTWeatherford Ireland succeeds Weatherford Switzerland as parent company
Weatherford International announced that the shareholders of its predecessor company Weatherford International, formed in Switzerland, have approved changing its place of incorporation from Switzerland to Ireland. This action was taken at an Extraordinary General Meeting of Shareholders held yesterday at which the proposal was overwhelmingly approved by over 98% of the shareholders voting. Weatherford Switzerland merged into Weatherford Ireland, which has now become the parent of the Weatherford International group of companies. With the completion of the merger mentioned above, the parent company of the Weatherford International group of companies continues to be subject to SEC reporting requirements as well as the rules of the NYSE, and its ordinary shares will be exclusively listed on the NYSE under the symbol "WFT." As previously announced, Weatherford's shares have been delisted from the NYSE Euronext Paris, and Weatherford also expects to delist its shares from the SIX Swiss Exchange on or about June 19.
News For WFT From The Last 14 Days
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April 17, 2015
08:29 EDTWFTU.S. may be at, or near, peak oil output, WSJ says
New data and forecasts suggest lower crude prices are finally prompting U.S. energy companies to cut back their crude output, according to The Wall Street Journal, citing reports from OPEC, the DOE and North Dakota. Publicly traded oil majors include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Publicly traded drillers and oil services companies 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). Reference Link
April 16, 2015
09:34 EDTWFTWeatherford downgraded to Neutral from Accumulate at Global Hunter
April 15, 2015
08:58 EDTWFTOil services stocks should be bought on dips, says BMO Capital
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06:16 EDTWFTOil layoffs reach 100,000 and still going, WSJ reports
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April 10, 2015
10:00 EDTWFTOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Bemis (BMS) upgraded to Buy from Neutral at BofA/Merrill... Gigamon (GIMO) upgraded to Outperform from Market Perform at William... Global Payments (GPN) upgraded to Overweight from Equal-Weight at First Analysis... Knight Transportation (KNX) upgraded on valuation, catalysts at Stifel... Macy's (M) upgraded to Buy from Neutral at Buckingham... Netflix (NFLX) upgraded to Buy from Neutral at Citigroup... Reckitt Benckiser (RBGLY) upgraded to Buy from Neutral at UBS... Union Pacific (UNP) upgraded on valuation, growth outlook at Stifel... Weatherford (WFT) upgraded to Outperform from Sector Perform at RBC Capital.
08:45 EDTWFTWeatherford upgraded to Outperform from Sector Perform at RBC Capital
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April 8, 2015
10:01 EDTWFTOn The Fly: Analyst Initiation Summary
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08:12 EDTWFTWeatherford initiated with an Equal Weight at Stephens
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