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…
courtesy of BP plcOil supermajor BP PLC (NYSE: BP) has been seeking a buyer for its massive Texas City, Tex., refinery for nearly a year. The sale is part of the company’s…
Alibaba buys back half of the stake owned by Yahoo! Inc. (NASDAQ: YHOO) for $7.6 billion, of which $6.3 billion is cash. Yahoo! will return most of the money to shareholders. (Reuters)…
The unusual, and yet totally unexplained, drop in the price of oil on Monday has created some serious shake outs in the price and the trends in oil. With NYMEX WTI crude reaching…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen from Wall St. research calls this Tuesday. Abbott Laboratories (NYSE: ABT) cut to Market Perform at Leerink Swann. Alcoa…
Oil refiners have been hit today with a double dose of bad news. Over the past three months, stocks in refiners are up from 26% to 78% as the companies have managed…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen from Wall St. research calls this Friday morning. Annaly Capital Management Inc. (NYSE: NLY) cut to Hold at Wunderlich.…
Crude oil refiners have enjoyed a pretty good earnings season so far. Tesoro Corp. (NYSE: TSO) and Western Refining Inc. (NYSE: WNR) both posted better-than-expected revenues and profits this morning, following in…
