In a brief press release this morning, BP plc (NYSE: BP) has said that the company has “received unsolicited indications of interest regarding the potential acquisition of its shareholding in TNK-BP.” TNK-BP…
Paul Ausick China’s PMI indicates a considerable slowing of its economy. (Reuters) Senior EC and ECB officials warn that the eurozone is on the brink of a calamity. (Reuters) Problems at Research In Motion (NASDAQ:…
JP Morgan (NYSE: JPM) sells $25 billion in profitable securities to offset its trade debacle. (Reuters) The SEC examines JP Morgan financial reports. (Reuters) Marubeni buys U.S. grain company Gavilon Holdings for $3.6 billion.…
The sixth-largest crude refinery in the US, in Whiting, Indiana, has the capacity to turn more than 400,000 barrels/day of crude into useful products like gasoline and jet fuel. BP plc (NYSE:…
The month-long slide in crude oil prices has chopped the share price of many of the biggest names in the oil patch. Exxon Mobil Corp. (NYSE: XOM) is about -4% in the…
The major US stock indexes opened sharply lower this morning as weak performance in the European markets as traders try to figure out what last weekend’s elections mean. Crude oil was also…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Tuesday. AECOM Technology Corporation (NYSE: ACM) Cut to Underperform at BofA/ML. Alnylam Pharmaceuticals,…
At an energy conference in Paris today, the secretary general of OPEC, Abdalla Salem el-Badri, said that the cartel is “not happy” with crude oil prices in the $110-$130/barrel range and that…
The European Central Bank will not act to help growth in the region, but it will seek solutions to Spain’s problems. (Reuters) Nokia (NYSE: NOK) promises to build new handsets to stimulate…
A deal that first made it into public view less than a month ago has now been completed. Delta Air Lines Inc. (NYSE: DAL), through its wholly-owned Monroe Energy LLC subsidiary, has…
China’s PMI rises to a 13-month high. (Reuters) BP (NYSE: BP) profits fall as it sells some assets to pay for the Gulf spill. (Reuters) New York state pension funds vote against…
BP’s (NYSE: BP) profits fell as it continues to struggle with the Deepwater Horizon catastrophe. The incident and subsequent oil spill may cost the UK company as much as $20 billion in…
BP’s (NYSE: BP) profits fell as it continues to struggle with the Deepwater Horizon catastrophe. The incident and subsequent oil spill may cost the UK company as much as $20 billion in settlements with…
coutesy of Exxon Mobile Corp.The world’s largest publicly held energy company, Exxon Mobil Corp. (NYSE: XOM), was not expected to post first quarter EPS that matched last year’s first quarter. The same…
Jon OggIt is that time of year again. It is time to ponder the theory of pricing in a summer slowdown, whether it actually happens or not. In short, is time to…
