4:19pm ET
Energy
Why Credit Suisse Sees 3 Key MLPs to Buy Now
Credit Suisse rounded up a few of its master limited partnerships (MLPs) that it has top ratings on despite the continued downturn in the oil patch.
Chris Lange SUN Coverage Page 10
Chris Lange 12:40pm ET
Energy
Energy Transfer Partners Sheds Retail Business for $1.94 Billion
Energy Transfer Partners has agreed to a drop-down of 100% of its retail business to Sunoco and to transfer its general partner interest and its incentive distribution rights in Sunoco to Energy…
Paul Ausick 8:55am ET
Investing
Top Analyst Upgrades and Downgrades: EMC, Herbalife, Micron, Petrobras, SanDisk and More
Monday's top analyst upgrades, downgrades and initiations include EMC, Herbalife, Micron Technology, Petrobras and SanDisk.
8:25am ET
Investing
Top Analyst Upgrades and Downgrades: Apple, ASML, Schwab, GoPro, Kraft, Netflix, Red Hat and More
Thursday's top analyst upgrades and downgrades include Apple, ASML, Charles Schwab, GoPro, Kraft Foods, Netflix and Red Hat.
9:15am ET
Energy
Is the Keystone XL Pipeline Dead?
courtesy U.S. State DepartmentThe Keystone XL pipeline will not be built. And while the environmentalist arguments against the pipeline had a significant impact in delaying construction of Keystone XL, the primary reason…
8:38am ET
Investing
PetSmart Joins S&P 500
S&P Dow Jones has announced that it will replace oil and gas company Sunoco Inc. (NYSE: SUN) on the S&P 500 Index with specialty retailer PetSmart Inc. (NASDAQ: PETM) after the close…
10:19am ET
Gasoline Prices Rise, Voters Do Not Care (CVX, BP, SUN, VLO)
Since the beginning of July, gasoline pump prices have been on a steady march higher, following rising crude prices, which are rising primarily because traders are betting on more government stimulus in…
7:09am ET
Retail
New Mobile Payments Network to Rival Google Wallet
Wal-Mart Stores Inc. (NYSE: WMT), CVS Caremark Corp. (NYSE: CVS), 7-Eleven Inc., Sunoco Inc. (NYSE: SUN) and other well-known retailers are expected to announce that they have banded together to develop a…
12:58pm ET
Energy
East Coast Oil Refinery Will Not Close
The oldest refinery on the US East Coast will not be closing in August. The refinery’s owner, Sunoco Inc. (NYSE: SUN) today announced that it would form a joint venture with The…
1:24pm ET
Energy
Refinery Sale Suddenly In Jeopardy (PSX, COP, DAL, SUN, ETP, CG, CVX, VLO, XOM, BP, CVI)
In December 2011, before the spin-off of Phillips 66 (NYSE: PSX) from ConocoPhillips (NYSE: COP), Conoco was believed to be trying to sell its 247,000 barrel/day Belle Chase, Louisiana, refinery for $700…
9:57am ET
Energy
As Crude Prices Fall, Are Refiners Going to Benefit? (HFC, WNR, VLO, TSO, MPC, PSX, SUN)
As of about 9:30 this morning, Brent crude is trading at its lowest price in three months, and the price differential between Brent and WTI crude closed to about $12/barrel last week…
8:04am ET
Investing
Does Delta Make Sense as an Oil Refiner?
A deal that first made it into public view less than a month ago has now been completed. Delta Air Lines Inc. (NYSE: DAL), through its wholly-owned Monroe Energy LLC subsidiary, has…
4:13pm ET
Investing
24/7 Wall St. Closing Bell (TRP, DMD, ARII, CHK, KFT, DG, KALU, LDK, HUM, SNH, SOHU, ACI, ADM, RATE, BRCM, DPZ, ODP, PFE, SIRI, VLO, BKS, SUN, PAY)
The major US stock indexes opened slightly lower this morning and continued drifting lower all day. The Chicago PMI report got the day started on the wrong foot, showing a decline in…
8:56am ET
Energy
ETP Acquires Sunoco for $5.3 Billion (ETP, SUN, ETE, SXL)
Energy Transfer Partners L.P. (NYSE: ETP) announced this morning that it will acquire Sunoco Inc. (NYSE: SUN) in a cash and common unit deal worth $5.3 billion. The transaction gives ETP an…
Paul Ausick 6:48am ET
Investing
What’s Important in the Financial World (4/10/2012) Sony Loses More Money, Northeast Refineries Shut
The Sony (NYSE: SNE) train wreck continues. The Japanese company has appointed a new CEO and will fire 10,000 workers. But annual earnings for the fiscal year are much worse than expected. Sony…
