Talks aimed at avoiding a Monday strike of Nigeria’s oil field workers have broken down. The union representing the workers has said talks will resume Saturday. International oil companies Exxon Mobil Corp.…
Equities had a hard time deciding whether to follow a bull or a bear on Thursday. Retail sales were mixed, but weekly jobless claims rose unexpectedly and the fears are that the…
Nigerian workers have been striking against the doubling of gasoline prices in the country since the government eliminated its subsidy on January 1st. Now the country’s 20,000 oil field workers are threatening…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street brokerage and research firms this Thursday morning. American Express Co. (NYSE: AXP) Reiterated Buy with $60…
Olympus may partner with Samsung. (Reuters) RBS cuts 3,500 investment bank jobs. (Reuters) RealtyTrac reports that foreclosures reached a four-year low in 2011. (Reuters) International Monetary Fund senior executive Lipton sees no…
Each January, 24/7 Wall St. forecasts the publicly traded U.S. companies that will have the highest profits in the year ahead. This year, Apple (NASDAQ: AAPL) is likely to pass Exxon Mobil…
One of the largest crude oil refiners in the US, Tesoro Corp. (NYSE: TSO), this morning lowered its earnings guidance for the fourth quarter, projecting a loss of -$0.55 to -$0.80. The…
Blackstone (NYSE: BX) will complete the capital raise for its $16 billion fund. (Reuters) The EU agrees to an embargo on Iranian oil. (Reuters) Citing defense cuts, Boeing (NYSE: BA) closes it…
In a court battle that has been going on for nearly 20 years, an Ecuadorian court has ruled that Chevron Corp. (NYSE: CVX) must pay nearly $18 billion in actual and punitive…
Paul Ausick Two pipeline companies have agreed to a 50-50 joint venture to build a new 149-mile offshore gathering system in the Gulf of Mexico. Enterprise Products Partners L.P. (NYSE: EPD) and Genesis Energy…
In 2007, the Venezuela government expropriated the Cerro Negro project owned by Exxon Mobil Corp. (NYSE: XOM) after the US oil giant refused to take a minority stake in the project. ConocoPhillips…
As each new year replaces the prior year, 24/7 Wall St. looks at the individual targets on all 30 Dow Jones Industrial Average price targets from Wall Street analysts to come up…
The lineup of the Dogs of the Dow, simply the ten highest dividend yield stocks of the thirty Dow Jones Industrial Average components, appears to be undergoing a bit of change for…
Crude oil prices have risen this year, although they have been tapering off in the past couple of months. Pump prices have been driven by the price differential between Brent crude and…
This morning’s weekly petroleum status report from the US Energy Information Administration noted a particularly steep — and unexpected — drawdown in oil stocks. Crude inventory fell by 10.6 million barrels, far…
