Eurozone on notice. The situation in Europe, so promising just days ago, took a sharp turn for the worse. S&P put 17 nations in the euro area on credit watch and said it…
S&P’s threat of a downgrade of eurozone nations puts huge pressure on the region’s leaders. (Reuters) An independent panel that reviewed the financial activity of Olympus suggests legal action be taken. (Reuters)…
BP (NYSE: BP) claims that partner Halliburtong (NYSE: HAL) hide evidence about its role in the Deepwater Horizon incident. Each company faces huge liability because of the explosion of the rig and subsequent oil leak.…
BP plc (NYSE: BP) said high oil prices could cap a worldwide financial recovery. “It is important in the current situation of a fragile global economy and I think right now we…
Douglas A. McIntyre Angela Merkel said the debt solution for the region would be a marathon. French president Sarkozy worried that the eurozone could break apart. The ECB may not be part of a bailout…
As the price differential between WTI and Brent crude oil continues to narrow, with WTI rising and Brent falling, big oil companies should see a gain in their realized prices for crude. This is…
The announcement from Enbridge Inc. (NYSE: ENB) that it would acquire the 50% stake in the Seaway pipeline system owned by ConocoPhillips Corp. (NYSE: COP) and reverse the pipeline’s flow direction, pushed…
It isn’t every day that a $7.1 billion deal falls through. Even rarer is a seller’s reaction that amounts to, “What, me worry?” But that’s what occurred over the weekend as BP…
There is concern that the new Greek government will not be stable enough to run the nation. (Reuters) As finances in Italy deteriorate, concerns grow about the ability of the government to…
Chesapeake Energy Corp. (NYSE: CHK) opened about 2% higher this morning following its third-quarter earnings release after markets closed yesterday. The company posted adjusted EPS of $0.72, beating the consensus estimate by…
Two major oil refiners have reported third-quarter earnings since the market closed last night. Both posted better-than-expected earnings primarily due to sharply higher refining margins. Western Refining Corp. (NYSE: WNR) reported net…
George Papandreou convinces the Greek cabinet of the virtues of a national referendum on budget cuts, but he now faces the leaders of France and Germany. (Reuters) The FBI may investigate the…
Crude oil prices have jumped more than $3/barrel this morning on the expectation that the European agreement on sovereign debt will put some life back into the global economy. That outcome is…
Eurozone officials decide on a second bailout of Greece and a larger EFSF. (Reuters) Private financial firms have positive reactions to the Obama plan to aid more homeowners with underwater mortgages. (Reuters)…
Jon OggThese are some of this Wednesday’s top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this morning. Albemarle Corporation (NYSE: ALB) Raised to Neutral at BofA/ML. Amazon.com Inc.…
