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News Breaks | | | | October 5, 2012 | | 06:13 EDT |  | UNH, FIATY, XOM, PEUGY, BP, AAMRQ, GM, COP | On 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. | |
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News For XOM;COP;BP;FIATY;GM;PEUGY;UNH;AAMRQ From The Last 14 Days Check below for free stories on XOM;COP;BP;FIATY;GM;PEUGY;UNH;AAMRQ the last two weeks. |
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| May 22, 2013 | | 07:49 EDT | | BP | BP fights "unjustified" Gulf oil spill payments, FT reports
 Subscribe for More Information | | | May 21, 2013 | | 16:04 EDT |  | COP | Options Update; May 21, 2013
Subscribe for More Information | | | 07:32 EDT |  | GM | CTIA–The Wireless Association to host a conference
Subscribe for More Information | | | 07:22 EDT | | COP | ConocoPhillips pulls back on plans to sell oil sand assets, Globe and Mail says
Subscribe for More Information | | | 06:17 EDT | | GM, FIATY | Detroit automakers rebound as style sells, Bloomberg reports
Subscribe for More Information | | | May 20, 2013 | | 15:11 EDT | | GM | GM marketing push set for new pickups, Reuters says
Subscribe for More Information | | | 08:59 EDT |  | GM | General Motors price target raised to $43 from $34 at Argus
Subscribe for More Information | | | 08:08 EDT | | XOM, BP | EU to review fracking concerns, Reuters reports
Environmental concerns over the practice of hydraulic fracturing to get at shale gas will be on the EU's agenda this year, EU Energy Commissioner Guenther Oettinger told the German newspaper Die Welt, reports Reuters. Reference Link | | | 07:42 EDT | | UNH | Cohasset Associates to host a conference
National Conference on Managing Electronic Records is being held in Chicago on May 20-22. | | | 06:01 EDT | | GM | Imported car prices in China decline, Bloomberg reports
Subscribe for More Information | | | | 05:40 EDT | | BP, XOM | U.S. oil futures rally as many commodities decline, WSJ reports
Subscribe for More Information | | | May 17, 2013 | | 16:21 EDT |  | BP | On The Fly: Closing Wrap
Subscribe for More Information | | | 13:09 EDT |  | BP | Tesoro receives FTC clearance for purchase of BP refining, marketing business
Tesoro (TSO) announced that the Federal Trade Commission has cleared the company's planned acquisition of BP's (BP) fully integrated Southern California Refining and Marketing business and that Tesoro intends to close the acquisition during Q2. The clearance from the FTC came without any impacts to the assets or operations in the transaction as announced in August of last year. The purchase price of BP's assets is $1.075B, plus the market value of inventory, currently estimated at $1.3B. This amount includes a $100M purchase price reduction for the clearance with regulatory authorities. | | | 10:17 EDT | | GM | GM jumps above IPO level after CLSA boosts rating
Shares of GM (GM) are advancing after CLSA analyst Emmanuel Rosner upgraded the stock to Buy from Underperform in a note to investors earlier today. WHAT'S NEW: GM should benefit from improved profitability in North America in the second half of 2013 and 2014, reduced losses in Europe, and stabilized profit margins in China, Rosner wrote. In North America, the automaker's profitability should be boosted by higher prices in the second half of this year, and by the full rollout of its K2XX trucks in 2014, the analyst believes. GM's first quarter results in Europe indicated that it is "making encouraging progress in reducing losses" there, the analyst wrote. As a result, he has increased confidence that GM Europe's loss will drop to about $1B this year from $1.9B last year. In China, GM's emphasis on the Cadillac should enable the company to keep its margins, which had been in a downward trend, from falling this year, the analyst contended. Rosner has a $48 price target on GM's stock. TODAY'S PRICE ACTION: In early trading, GM rose 60c, or 1.9%, to $33. WHAT'S NOTABLE: GM's IPO price was $33, and the stock has reached that level again today. | | | 10:07 EDT |  | GM | On The Fly: Analyst Upgrade Summary
Subscribe for More Information | | | 07:39 EDT | | FIATY, PEUGY | EU auto sales move into posiitve teritory, FT reports
Auto sales in the European Union in April ended an 18-month losing streak, as hopes are raised that the market’s decline in the continent had finally begun to slow, reports the Financial Times. New registrations in the EU were up 1.7% compared with the same month a year ago, helped by gains in the German and U.K. markets, Europe’s largest by sales.Reference Link | | | 07:11 EDT | | FIATY | Fiat's potential headquarters move to U.S. concerns Italy, Bloomberg reports
Subscribe for More Information | | | 06:06 EDT | | FIATY | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: A so-so Q1 earnings season hasn't dented investors' enthusiasm for stocks as prices have been rising, with the DJIA up 16% for the year and 4.2% since earnings season began April 8, the Wall Street Journal reports...JPMorgan Chase (JPM), in a last-ditch effort to beat back activist investors, sent a letter to shareholders who have yet to vote on the nonbinding proposal ahead of the May 21 annual meeting, urging them to reject a proposal to split the chairman and CEO roles held by James Dimon, the Wall Street Journal reports...REUTERS: Amazon.com (AMZN) will be called back to the British parliament to clarify how its activities in the U.K. justify its low corporate income tax bill, Reuters reports...J.C. Penney (JCP) CEO Ullman says that the department store chain is emerging from what he called an abyss but warned he needs time to fix the issues of the retailer, Reuters reports...BLOOMBERG: Apple (AAPL), which holds $102B in cash and investments outside the U.S., will suggest changes to corporate-tax laws to encourage companies to bring more cash into the country, Bloomberg reports...Fiat’s (FIATY) deliberations over moving its headquarters to the U.S. after a merger with Chrysler Group LLC. raised concern among Italian unions and politicians about the plans of the country’s biggest manufacturer. CEO Marchionne is considering the move because Fiat’s main sources of revenue and profit are shifting to North America, Bloomberg reports. | | | 05:39 EDT | | GM | General Motors upgraded to Buy from Underperform at CLSA
Subscribe for More Information | | | May 16, 2013 | | 14:46 EDT | | BP | Tesoro may take over BP California assets as soon as June 1, Reuters says
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