The spokesman for the Iraqi energy ministry has said the Exxon Mobil Corp. (NYSE: XOM) will be excluded from the next round of bidding for licenses to produce the country’s oil &…
Greek ministers will go to Brussels to meet with EU officials about restructuring of debt, but several details have not been resolved. (Reuters) Groupon (NASDAQ: GRPN) posts earnings that trouble Wall St. and…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street brokerage and research firms this Wednesday morning. Annaly Capital Management Inc. (NYSE: NLY) Cut to Market Perform…
US equity markets opened lower this morning, but after the first hour or so of trading, the three major indexes moved to positive territory where they remained for the rest of the…
BP plc (NYSE: BP) is trying to get into full recovery mode after the accident in the Deepwater Horizon nearly two years ago. Along with earnings this morning, BP is raising its…
Jon C. Ogg Greece continues to demonstrate that it can teeter almost indefinitely between austerity and the grant of aid packages without a short-term resolution to its sovereign debt crisis. The latest development is that the ruling coalition…
Glencore and Xtrata agree to a $90 billion merger. (Reuters) Greek leaders face a deal for settling sovereign debt matters as workers strike. (Reuters) Toyota (NYSE: TM) posts good third-quarter profits and…
BP raised its dividend, which it said was proof of its financial health after earnings hits and asset sales due to the Deepwater Horizon disaster. BP still face billions of dollars of…
Douglas A. McIntyre We are getting into the last of the normalized quarterly earnings reports and into the first waves of the companies with off-normal quarter-ends. Tuesday is going to be another busy day with…
A federal judge in New Orleans has ruled that BP plc (NYSE: BP) must pay some claims against Halliburton Co. (NYSE: HAL) related to the Gulf of Mexico disaster that killed 11…
BP plc (NYSE: BP) is not feeling any continued pain this morning after Monday’s news of an underwater well leak being reported. The oil giant shut part of its North Sea field…
Jon C. Ogg BP plc. (NYSE: BP) has shut-in a 43,000 barrel/day well in a North Sea field following the discovery of a small crack in a connecting pipeline. The leak has stopped and there…
US oil & gas giant Exxon Mobil Corp. (NYSE: XOM) has agreed to sell 99% of its Japanese refining subsidiary to Japanese refiner TonenGeneral Sekiyu for $3.9 billion. The sale also includes…
Following favorable ruling in federal court last night, shares of Transocean Ltd. (NYSE: RIG) are up nearly 2.5% in mid-morning trading at $48.42 in a 52-week range $38.21-$85.98. BP plc (NYSE: BP),…
A federal judge in New Orleans has ruled that Transocean Ltd. (NYSE: RIG) is indemnified from paying compensatory damages related to the explosion and sinking of its Deepwater Horizon platform that killed…
