The CFO of Transocean Ltd. (NYSE: RIG), Ricardo Rosa, is retiring from the company effective April 30th, and is resigning effective January 31st. Rosa joined Transocean in 1999 in an acquisition. He…
A small leak in a line feeding drilling fluid to a well owned and operated by Royal Dutch Shell (NYSE: RDS-A) and using a rig owned by Transocean Ltd. (NYSE: RIG) has…
Olympus may hire its former CEO, Michael Woodford, in the midst of an accounting scandal. (Reuters) Foreign investment in China drops for the first time in 28 months. (Reuters) Holiday sales continue…
US regulators issued five new safety violations to BP plc (NYSE: BP) The actions were in reaction to the Deepwater Horizon accident of nearly 20 months ago which sent an oil slick over…
Eurozone on notice. The situation in Europe, so promising just days ago, took a sharp turn for the worse. S&P put 17 nations in the euro area on credit watch and said it…
BP (NYSE: BP) claims that partner Halliburtong (NYSE: HAL) hide evidence about its role in the Deepwater Horizon incident. Each company faces huge liability because of the explosion of the rig and subsequent oil leak.…
After raising more than $1 billion in a new share offering yesterday, Transocean Ltd. (NYSE: RIG) has now priced a senior debt offering worth a total of $2.5 billion for its wholly-owned…
Paul Ausick Strong reports from the Chicago purchasing managers index and pending home sales juiced the equity markets this morning, and the gains held up throughout the day. Part of the bounce is due…
Transocean Ltd. (NYSE: RIG) yesterday announced a secondary offering of 26 million shares. The sale was completed today at a share price of $40.50, more than a dollar lower than the stock’s…
Paul Ausick These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Wednesday morning. AMR Corporation (NYSE: AMR) Cut to Sell at Citigroup. Cabela’s, Inc. (NYSE:…
Transocean (NYSE: RIG) down 5.8% to $43.26 on news of a share sale to fund Aker Drilling ASA takeover. Seagate (NYSE: STX) up 5% to $16.69 as the company announced an improved…
Crude oil is at $98.25, up 0.04%. Gold is at $1,711, down 0.19%. Hong Kong’s Hang Seng closed up 1.21% to 18,256. Japan’s Nikkei closed higher by 2.29% to 8,477. The U.S. 10-year is at 1.99%, up 0.o1%. The FTSE…
Mike Sauter Share prices for the oil field services companies dipped in late July shortly after many of the companies had posted new 52-week highs. The stocks have been struggling since then, primarily as…
It isn’t every day that a $7.1 billion deal falls through. Even rarer is a seller’s reaction that amounts to, “What, me worry?” But that’s what occurred over the weekend as BP…
These are some of Friday’s top analyst upgrades, downgrades, and initiations seen from Wall Street research calls. Big Lots Inc. (NYSE: BIG) Raised to Outperform at Wedbush. Chico’s FAS Inc. (NYSE: CHS)…
