One of the big oil pipelines in the UK has been shut down by a strike giving oil bulls another reason to predict higher crude prices. According to Reuters "A pipeline carrying…
Douglas A. McIntyre According to Reuters, US senator Charles Schumer has asked the SEC to look at conflicts of interest at bond rating firms. Reuters writes that Washington Mutual (WM) are in favor of the…
Below are the top 10 pre-market analyst calls that 247wallst.com is focusing on: Abercrombie & Fitch (NYSE: ANF) cut to Neutral at JP Morgan. BlackRock (NYSE: BLK) Cut to Market Perform from…
According to Reuters, Citigroup (C) will sell $12 billion in troubled loans to a group of private equity firms. Reuters reports that some members of the Fed believe that the US will…
Fortis Merchant Banking has successfully closed syndication of a $280 million senior secured financing for Sherbino I Wind Farm LLC. This west-Texas wind farm is a joint venture owned by BP plc’s…
Markets in Europe were up at 6.40 AM. The FTSE was up .7% to 5,744. Barclays (BCS) was up 4.6% to 474 BP (BP) was down 1.9% to 502.5. The DAXX rose…
Markets in Europe were off modestly at 7 AM New York time. The FTSE was down .6% to 5,512. BP (BP) was down 1.9% to 505. British Air was up 3.9% to…
Douglas A. McIntyre BP plc (NYSE: BP) announced that it has moved into full construction of Phase One of the Sherbino Wind Farm, a 150 megawatt renewable wind energy project that is roughly 30 miles…
One of the solutions for fighting the high price of oil is to increase the supply. That seems simple enough, but it is expensive, at least for oil companies. OPEC is not…
According to Reuters, Micorosft (MSFT) will open up some of its software code to rivals. Reuters reports that BP (BP) will try to get billions of more barrels out of Prudhoe Bay.…
These are the early bird analyst calls we are focusing on this Thursday morning at 247WallSt.com: Agnico-Eagle Mines Ltd. (NYSE: AEM) cut to Neutral at UBS. Allscripts (NASDAQ: MDRX) raised to Buy…
ConocoPhillips (NYSE: COP) hiked its dividend Friday, and not just by a penny. Its quarterly dividend was raised from $0.41 per quarter up to $0.47 per quarter. ConocoPhillips hiked its dividend a…
Markets in Europe were down slightly at 6.45 AM New York time. The FTSE was off 4% to 5,760. BP (NYSE: BP) was up 1% to 552.5. GlaxoSmithKline (NYSE: GSK) was up…
Markets in Europe were lower at 6.50 AM New York time. The FTSE was off .5% to 5,996. Barclays (BCS) was off 2.6% to 469. BP (BP) was up 2.3% to 554.5.…
According to Reuters, Microsoft (MSFT) would borrow some of the money for a purchase of Yahoo! (YHOO). Reuters writes that Toyota’s (TM) net grew 7.5% on emerging market growth. Reuters writes that…
