U.S. equity markets opened lower this morning but never managed to hold a position in positive territory. Despite a significant drop in U.K. industrial production in February, the country’s trade deficit was…
U.S. equity markets opened lower this morning after France reported a decline in industrial production and China reported consumer inflation up more than expected (more coverage here). There was no significant data…
ThinkstockShare prices appreciated by at least 80% for most major crude oil refiners in 2012, a far better performance than turned in by the integrated oil companies, the oil services firms and,…
ThinkstockThe first initial public offering (IPO) of the year went off yesterday as USA Compression Partners L.P. (NYSE: USAC) priced 11 million common units at $18 per unit. By the end of…
Dell Inc.’s (NASDAQ: DELL) quarterly numbers leave investors worried. (Reuters) The head of the eurozone goes to Greece to evaluate its finances. (Reuters) Apple Inc. (NASDAQ: AAPL) and Samsung make final statements…
The three major US stock indexes opened lower this morning as the Bank of England left interest rates alone (our coverage here) and the European Central Bank (ECB) did the same (our…
The three major US stock indexes opened higher this morning as markets were getting primed for the afternoon’s statement from the FOMC. Tomorrow’s announcement on interest rates from the European Central Bank…
When Delta Air Lines Co. (NYSE: DAL) agreed to buy an oil refinery from Phillips 66 (NYSE: PSX), the transaction underscored a shift that has been taking place in refinery ownership. Pure…
In December 2011, before the spin-off of Phillips 66 (NYSE: PSX) from ConocoPhillips (NYSE: COP), Conoco was believed to be trying to sell its 247,000 barrel/day Belle Chase, Louisiana, refinery for $700…
Investor Carl Icahn now holds about 80% of oil refiner and fertilizer maker CVR Energy Inc. (NYSE: CVI). Icahn held about 69% of the company before the close of his extended tender…
Paul Ausick As recently as last week it appeared that Carl Icahn’s Icahn Enterprises L.P. (NASDAQ: IEP) may not receive enough shares to complete his takeover of CVR Energy Inc. (NYSE: CVI). Those doubts…
When activist investor Carl Icahn launched his $2.6 billion hostile takeover of CVR Energy Inc. (NYSE: CVI) a couple of weeks ago, it was pretty clear that CVR would fight back. The…
Paul Ausick CVR Energy Inc. (NYSE: CVI) is up today on more news regarding Carl Icahn and his buyout or sale ambitions for this outfit. The billionaire corporate raider and financier has the company in…
Jon C. Ogg CVR Energy Inc. (NYSE: CVI) has confirmed that it intends to sell part of its majority interest in CVR Partners LP (NYSE: UAN). The move is to assist the company in an…
Jon C. Ogg 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…
