U.S. stock markets were closed today as New York City and the entire East Coast of the country from the Carolinas to Maine prepare to deal with Hurricane Sandy. In New York,…
Major European equities markets are trading lower today as investors are waiting to see the impact of Hurricane Sandy on the heavily populated U.S. East Coast. The U.K.’s FTSE 100 is down…
The three major U.S. stock indexes opened higher this morning following the report on new jobless claims, which rose by 369,000, less than the expected 375,000 (our coverage here). In Europe, GDP…
We have tracked the key short interest changes in the following oil and gas leaders: Baker Hughes Inc. (NYSE: BHI), BP PLC (NYSE: BP), Chesapeake Energy Corp. (NYSE: CHK); Chevron Corp. (NYSE:…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall St. research calls this Thursday. Akamai Technologies Inc. (NASDAQ: AKAM) raised to Outperform at Oppenheimer and raised…
British oil giant BP PLC (NYSE: BP) announced this morning that it has reached a tentative agreement to sell its 50% stake in TNK-BP to Russia’s state-controlled oil company Rosneft for $17.1…
BP PLC (NYSE: BP) sets a deal to sell its half of BP-TNK to Rosneft. (Reuters) European Union leaders will take at least two months to set terms for new rules for the…
Reuters has released a rumor that BP PLC (NYSE: BP) will sell its 50% interest in TNK-BP to partner Rosneft. There have been rumors off and on in the press that such a…
Douglas A. McIntyre In a research note to customers, long-time oil bull Goldman Sachs now says that Brent crude prices will tumble to $105 a barrel by the end of next year and could be…
Russia’s largest state-controlled oil company, OAO Rosneft, has reportedly offered BP PLC (NYSE: BP) about $28 billion for BP’s share its Russian joint venture TNK-BP. BP’s partner in the venture is a…
Paul Ausick Updated throughout the day on the 24/7 Wall St. Wire: Russian state oil company Rosneft offers BP PLC (NYSE: BP) $25 billion for its share in the TNK-BP joint venture. (Reuters) Negotiations for…
Douglas A. McIntyre China’s gross domestic product rises only 7.4%, but some data shows its economy may have bottomed. (Reuters) An analysis issued by the White House shows that Chinese telecom Huawei Technologies has not…
Last week we noted that Royal Dutch Shell plc (NYSE: RDS-A) (NYSE: RDS-B) had applied for a permit to export U.S. crude. BP plc (NYSE: BP) has already received a permit to…
Updated throughout the day on the 24/7 Wall St. Wire: Vikram Pandit was pushed out of Citigroup Inc. (NYSE: C) because of tensions with chairman Michael O’Neill over how the CEO handled daily…
Anglo-Dutch oil supermajor Royal Dutch Shell PLC (NYSE: RDS-A) (NYSE: RDS-B) is seeking permission from the U.S. Department of Commerce to export U.S.-produced crude oil. Under current law, such exports are prohibited…
