ThinkstockLast night’s agreement on a fiscal cliff deal is lifting the commodities markets this morning, especially for crude oil. Traders are reacting to the now-lessened chance of a global recession led by…
ThinkstockLooking back on 2012, it is hard to discern the biggest story in the oil and gas sector. The reshuffling of assets is certainly a contender, as is the huge growth in…
ThinkstockWhen Valero Energy Corp. (NYSE: VLO) reported second quarter earnings last July, the company said it would seek a tax-efficient spin-off of its retail business. In a presentation to investors today, the…
The list of the best stocks of 2012 on the S&P 500 Index is one which makes sense in some cases and doesn’t in other cases. Some of these are simply recovery…
U.S. equity markets opened slightly higher this morning following another week with more than 400,000 new claims for jobless benefits (more coverage here) and weak news from Japan on exports. In Asia,…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall St. research calls this Wednesday. With tomorrow being one of America’s top holidays, there will be no…
Jon OggThe top analyst upgrades, downgrades and initiations seen in Wall St. research calls will be playing catch-up on Wednesday as the markets did not get a chance to react to the…
U.S. stock markets were closed again today as New York City recovered from the damage brought on by Hurricane Sandy. In New York, both Nasdaq and the NYSE announced that the markets…
Jon OggThe top analyst upgrades, downgrades and initiations seen in Wall St. research calls are very thin this Tuesday as this is the second day that U.S. markets are closed today due…
MPLX L.P. (NYSE: MPLX), a subsidiary of Marathon Petroleum Corp. (NYSE: MPC), began trading today. The company had priced its initial public offering of 17,300,000 common units at $22 a piece. Underwriters…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall St. research calls this Friday. Alkermes PLC (NASDAQ: ALKS) raised to Outperform as Bull of the Day…
In August BP plc (NYSE: BP) announced that it would sell its Carson, California, refinery to Tesoro Corp. (NYSE: TSO) for $2.5 billion. The sale was part of BP’s effort to shed…
Many finance ministers in Europe believe that Spain can avoid a bailout. (Reuters) Amazon.com Inc. (NASDAQ: AMZN) uses a pay-per-performance deal to help it secure premium content. (Reuters) Cities such as Seattle…
courtesy BP plcMarathon Petroleum Corp. (NYSE: MPC) announced this morning that it has purchased the 451,000 barrel per day Texas City refinery from BP PLC (NYSE: BP) for $598 million. Included in…
It’s been a good year for refining stocks. Six large independent refiners are posting 12-month gains of between about 40% and 140%. All six — Valero Energy Corp. (NYSE: VLO), Marathon Petroleum…
