11:35am ET
Investing
Italy Borrowing Costs Hit Two-Year Low
ThinkstockItaly is one of the PIIGS, and therefore one of the big troubled spots for investors to keep their eyes on. The good news is that if the hangman is still lurking,…
E Coverage Page 3
3:00pm ET
Investing
PIIGS KILLERS: Italy PM Vote Threatens Austerity, All Over Again
ThinkstockWhat happens when you put a vote out to the people about whether or not their benefits and public spending should be cut to appeal to international creditors? If you believe in…
1:07pm ET
Investing
24/7 Wall St. Closing Bell — November 23, 2012: Markets Higher on Throngs of Shoppers (E, PQ, TI, NOK, BIG, JOSB, SDRL, RIMM, KITD, MCP)
U.S. equity markets opened higher this morning after taking a day off to celebrate Thanksgiving. Reasonably good news out of Europe this morning on several fronts. First, PMI numbers were above expectations…
9:03am ET
Energy
Exxon Talking to Buyers for Iraqi Oil Field Stake (XOM, RDS-A, BP, E)
Wikimedia CommonsOn Wednesday, the Iraqi government said that Exxon Mobil Corp. (NYSE: XOM) had notified it that the company planned to sell its stake in the West Qurna-1 oil field project. Exxon…
7:32am ET
Energy
Production Returns in the Wake of Hurricane Isaac (E, RDS-A, XOM, CVX, BP, PSX, VLO)
Crews were returning to both shallow-water and deep-water rigs in the Gulf of Mexico yesterday as the oil and gas industry prepares to restart production following Hurricane Isaac. A report from Platts…
8:19am ET
Energy
Iraq Shoots Down Chevron
The government of Iraq has barred Chevron Corp. (NYSE: CVX) from bidding on lease contracts in central and southern Iraq, following the company’s deal with India’s Reliance Industries last week in which…
7:20am ET
Jobs
Norway Ends Lockout Threat in North Sea Oil Fields
The government of Norway has ended a 16-day strike against offshore oil and gas producers and killed the threat of an industry lockout that was set to begin at midnight last night.…
1:02pm ET
Jobs
Norway Prepares to Lockout Offshore Oil Field Workers
An association representing oil companies working on Norway’s continental shelf is preparing for a lockout against striking workers beginning at midnight tonight. If the lockout is enforced, about 6,500 workers will be…
1:01pm ET
Energy
Weatherford Scores Iraqi Contract (WFT, SLB, E, OXY)
Oil field services company Weatherford International Ltd. (NYSE: WFT) has won a contract worth $843 million to build six crude oil production facilities at Iraq’s Zubair field in the south of the…
7:34am ET
Energy
Exxon Banned from Iraqi Energy Auction (XOM, RDS-A, CVX, OXY, TOT, BP, E)
The government of Iraq will prohibit Exxon Mobil Corp. (NYSE: XOM) from participating in the May auction of new leases because the US company last year signed six leases for exploration in…
4:07pm ET
Investing
24/7 Wall St. Closing Bell (NSC, DNDN, EBAY, CELG, DLR, AXAS, AMCX, CATO, E, FF, ROST, TA, CLWT, TWER, AIXG, WGO, JVA, SCHL, FLML, VRS, EGLE, VRNG)
Markets opened higher this morning after positive news on new unemployment benefits claims and manufacturing (more coverage here). Indexes have risen more or less steadily all day, with the S&P set to…
7:30am ET
Investing
Statoil Announces Major Oil Strike in Barents Sea (STO, E, XOM)
Norway’s largest oil firm, Statoil ASA (NYSE: STO) said it has found a new reservoir in the Barents Sea that the company estimates to hold up to 300 million recoverable barrels of…
9:57am ET
Energy
New Crude Oil Pipeline System to be Built in Gulf of Mexico (EPD, GEL, APC, APA, XOM, E, PBR, PXP, BP, MRO, RDS-A, CVX, COP)
Two pipeline companies have agreed to a 50-50 joint venture to build a new 149-mile offshore gathering system in the Gulf of Mexico. Enterprise Products Partners L.P. (NYSE: EPD) and Genesis Energy…
7:32am ET
Investing
European ADRs Follow Italy Much Lower, Wrecking U.S. Market Gains (E, LUX, TI, ALU, MT, BHP, STD, IRE, CS, UBS, DB, FTE, PHG, ERIC, NOK, NBG, SI, EWI)
Well, it used to be Greece taking us down daily, but now it is the much larger concern of Italy. The markets were supposed to be cheering that Silvio Berlusconi was going to…
8:29am ET
Investing
Top Analyst Upgrades & Downgrades (AET, AGP, E, JBHT, JNPR, KR, NWSA, RES SWY, CRM, SNDK, SKT, TMS, VOD, WPI, WY, WFM)
Jon OggThese are some of Monday’s top analyst upgrades, downgrades, and initiations seen from Wall Street research calls. Aetna Inc. (NYSE: AET) Raised to Conviction Buy List at Goldman Sachs. AMERIGROUP Corporation…