Anheuser-Busch InBev NV may buy China’s Kingway Brewery Holdings’ assets. (Reuters) The Department of Justice is expected to widen its probe of mortgage-backed securities. (Reuters) AT&T (NYSE: T) sets new standards that will impose penalties…
The three major US stock indexes opened higher this morning on the better-than-expected news on US GDP growth (our coverage here). The buying mood turning sour as the Nasdaq neared the 3,000…
This morning’s report from the US Energy Information Administration (our coverage here) showed that commercial crude oil inventories in the US rose by 4.2 million barrels last week. At the same time,…
Jon OggThese are some of this Wednesday’s top analyst upgrades, downgrades, and initiations seen in Wall Street research calls. Amazon.com Inc. (NASDAQ: AMZN) cut to Underperform and named the Bear of the…
When an underground pipe broke at a shale gas well in Pennsylvania last December, well-owner Chevron Corp. reported an underground spill of about 2 barrels of condensates. As of today, the broken…
Paul Ausick French oil & gas giant Total SA (NYSE: TOT) has begun production at the Usan field offshore of Nigerial. Total owns 20% of the production and is the operator of the field.…
The Dow Jones Industrial Average is trading back above the 13,000 mark. The DJIA (NYSE: DIA) i sup 0.22% at $129.87 to reflect the slight discount due to fees in the ETF. …
At the end of December, Brent crude spot prices were around $107/barrel and WTI spot prices were around $99/barrel. Since then, Brent has risen to right around $121/barrel today and WTI is…
The nation’s second-largest producer of natural gas, Chesapeake Energy Corp. (NYSE: CHK), has announced a new plan to achieve what it calls “equilibrium” between its capital expenditures and its cash flow from…
Occidental Petroleum Corporation (NYSE: OXY) has just raised its dividend to be a bit more competitive against Exxon Mobil Corporation (NYSE: XOM) with a 2.2% yield and against Chevron Corporation (NYSE: CVX)…
Royal Dutch Shell PLC (NYSE: RDS-A; RDS-B) reported quarterly earnings early this morning and like counterparts Exxon Mobil Corp. (NYSE: XOM) and Chevron Corp. (NYSE: CVX) piles of profit are due almost…
Bankrupt European refiner Petroplus has received more than 40 expressions of interest in its 175,000 barrel/day Coryton refinery in southeast England. The plant is the company’s most profitable and complex refinery. A…
The United Steelworkers Union has reached a tentative agreement with US refiners that will avoid a strike that could have begun at 12:01 a.m. this morning. Royal Dutch Shell plc (NYSE: RDS-A)…
All three major US indexes opened lower this morning following the report that US GDP grew by 2.8% in the fourth quarter. A rise of 3% was expected. Combined with the lack…
Chevron Corporation (NYSE: CVX) is out with earnings. Regardless of the rhetoric, endless earnings growth is not just assured. The earnings of $5.1 billion sounds massive, but that is down from about $5.3…
