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Stock Market & Financial Investment News

News Breaks
October 5, 2012
06:13 EDTPEUGY, BP, AAMRQ, GM, COP, UNH, FIATY, XOMOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Four years after the financial crisis, as the stock market reaches toward new highs, many investors refuse to return. Stock indexes have doubled in value since the market low in March 2009, but investors have pulled a net $138B from mutual funds and exchange-traded funds that invest in U.S. stocks, according to the Investment Company Institute, a mutual-fund trade group. Investors over the same period put $1T into bond funds, the Wall Street Journal reports...Energy companies are moving to export natural gas from the U.S., looking for more profitable markets as a gas glut pushes prices to the lowest levels in a decade. A consortium including ExxonMobil (XOM), ConocoPhillips (COP) and BP (BP) said it’s going ahead with plans to export natural gas from Alaska's North Slope in a project that could cost as much as $65B, the Wall Street Journal reports...REUTERS: The Greek leader Antonis Samaras said his country couldn’t manage beyond November without the next tranche of international aid and suggested the ECB could help by easing the terms of its Greek debt holdings, Reuters reports...Fiat (FIATY) CEO Marchionne would buy GM’s (GM) European subsidiary Opel if GM's alliance with Peugeot (PEUGY) dissolves, according to Italian daily Il Sole-24 Ore, Reuters reports...BLOOMBERG: UnitedHealth Group (UNH) is in talks to buy a stake or all of the Brazilian insurer and hospital operator Amil Participacoes that has a market value of $4.47B, sources say, Bloomberg reports...American Airlines (AAMRQ) risks having to tap its $5B bankruptcy cash fund and probably will lose some passengers after on-time arrivals fell, cancellations jumped and incorrectly installed seat clamps were found on six planes, Bloomberg reports.
News For XOM;COP;BP;FIATY;GM;PEUGY;UNH;AAMRQ From The Last 14 Days
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December 10, 2014
08:06 EDTCOPConocoPhillips volatility elevated as WTI trades below $63
ConocoPhillips overall option implied volatility of 33 compares to its 26-week average of 19 according to Track Data, suggesting large price movement.
08:04 EDTXOMExxon Mobil management to meet with UBS
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06:06 EDTBPBP sees $1B in group-wide restructuring charges over coming year
"Although the current environment is challenging, BP is well-positioned to respond and manage our Upstream business for the long term,” said Upstream CEO Lamar McKay. “We expect to see growth from our conventional and deepwater assets and an increasing contribution from gas. And we also have a quality pipeline of opportunities that we believe are capable of extending underlying growth well beyond 2020. Our focus throughout will remain firmly on safe operations, execution efficiency and greater plant reliability.” BP also said that, as part of its wider ongoing Group-wide programme to simplify across its Upstream and Downstream activities and corporate functions, it expects to incur non-operating restructuring charges of circa $1B in total over the next five quarters, including the current quarter. Details of these charges and further guidance on the program are expected to be given with each quarter’s results. Across the Group, BP has said it will be looking to pare or re-phase capital expenditure without compromising safety or future growth. In October, BP told investors this could result in reductions of $1B-$2B in capital expenditure across the Group in 2015 against guidance of $24B-$26B laid out in March. This will be reviewed further as part of the 2015 plan, recognising the current outlook for oil prices. Between now and 2020, the Upstream team’s focus will be on delivery, through safe and reliable operations, strong execution in the existing base business, and the start-up of a suite of new projects which are expected to be capable of adding over 900,000 barrels of oil equivalent a day of net incremental production to BP’s portfolio by 2020. BP will also be progressing opportunities expected to continue to drive underlying growth into the next decade as it builds out its well-established conventional and deepwater oil positions and a distinctive and material portfolio of gas options.
05:53 EDTBPBP upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank upgraded BP (BP) to Buy saying shares could see an inflection point in 2015 with the Macondo penalty phase going to trial in January. Deutsche coupled the upgrade of BP with a downgrade of Royal Dutch Shell (RDS.A) to Hold.
December 9, 2014
11:40 EDTBPBP to invest $12B in Egypt over next five years, Reuters reports
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08:55 EDTXOMExxon Mobil to hold a webcast
Vice Presidents Colton and Cohen hold a webcast to launch ExxonMobil's 2015 Outlook for Energy: A View to 2040 on December 9 at 1 pm. Webcast Link
08:39 EDTBPBP to close U.S. cellulosic operations, Bloomberg reports
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06:05 EDTCOPEnergy Recovery sells first IsoBoost system to ConocoPhillips
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December 8, 2014
11:10 EDTGMVolkswagen sees challenging developments continuing for rest of year
Volkswagen (VLKAY) said, “The challenging developments on markets worldwide – above all in Eastern Europe and South America – will continue for the remainder of this year. The Volkswagen Passenger Cars brand handled these challenges successfully during the course of the year, but was not entirely immune to their impact.” Other publicly traded companies in the passenger automotive space include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), and Toyota (TM).
10:53 EDTBPBP to continue advocating for probe of suspicious, implausible spill claims
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10:11 EDTBPBP's plea to review Deepwater Horizon settlement rejected, WSJ reports
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08:31 EDTCOPConocoPhillips sets 2015 capital budget of $13.5B, down 20% vs. 2014
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08:09 EDTXOMExxon Mobil management to meet with UBS
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07:53 EDTCOP, XOM, BPClimate for Exxon E&P acquisition improved by falling prices, WSJ says
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06:09 EDTBPBP to cut hundreds of U.K. jobs this week, Guardian reports
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December 7, 2014
19:41 EDTBPBP set to reduce middle management ranks, freeze projects, Sunday Times says
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December 5, 2014
14:06 EDTGMGeneral Motors ticks key resistance at the $34 area
The $34 level played a role as major support through the year until the breakdown in share price in September. Today the stock is ticking that level once again. Powering through this level would be bullish, while a failure at $34 would be bearish. Resistance is at $35.14. Support is at $33.24.
10:33 EDTGMGeneral Motors recalls 2015 Chevrolet Colorado, GMC Canyon pickups, WSJ reports
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07:43 EDTXOM, BP, COPLondon bankers see oil slump spurring energy industry consolidation, WSJ reports
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06:27 EDTGMGM looking to sell 500K Cadillacs annually by 2020, Reuters reports
GM plans to increase global annual sales of its Cadillac brand to over 500,000 cars by 2020, Reuters quoted Cadillac President Johan de Nysschen as saying. Reference Link
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