March 12- Energy XXI Ltd said it would buy EPL Oil& Gas Inc for $1.53 billion to become the largest public oil and gas producer on the U.S. Energy XXI is offering $39.00 per EPL share, a premium of about 34 percent over the stock's Tuesday close of $29.11 on the New York Stock Exchange.» Read More
igerian rebel group the Movement for the Emancipation of the Niger Delta (MEND) said on Tuesday its fighters had destroyed three major oil pipelines in the delta, where attacks have intensified in the past week.
The Dow ended at another new high after Alcoa announced a takeover bid for rival Alcan, but the overall indexes closed mixed as Wall Street awaits Wednesday's Fed meeting. "The liquidity and M&A is continuing to drive the market," said Robert Pavlik, chief investment officer at Oaktree Asset Management.
Here's our re-cap of the day, with the leaderboard, most active and widely held stocks and the trivia questions. Don't forget, we have added the Second Chance Showdown as a bonus round for contestants--that don't make the finals. And Donald Tang has been declared the week 9 winner. Here are the trivia questions. The video is worth $2,000 Bonus Bucks: The Royal Bank of Scotland put in a bid to buy ABN Amro's LaSalle Bank. How much is the bid? Your selection of answers is: 18.5 Billion or $32.8 Billion or $24.5 Billion or $15.3 billion.
U.S. crude oil futures fell on Monday, but only after bouncing off early lows on news of aGulf Coast refinery snag and upcoming work.
Here are today's trivia questions. The video is worth $2,000 Bonus Bucks: The Royal Bank of Scotland put in a bid to buy ABN Amro's LaSalle Bank. How much is the bid? Your selection of answers is: 18.5 Billion or $32.8 Billion or $24.5 Billion or $15.3 billion. And the news question is worth $1,000 Bonus Bucks: U.S. gasoline prices have surged across the country. What is the current nationwide average per gallon? Your selection of answers is: $3.05 gallon or $2.99 gallon or $3.07 gallon or $2.59 gallon.
Automobiles today are a lot more efficient compared with those in the bellwether year of 1973—when the average car managed just 13.4 miles per gallon. Legislation enacted in 1975 set a standard—27.5 mpg by 1985 for new cars on a fleet average for each manufacturer.
Here's our latest contest "stock report." We talked earlier today about how Crocs put Serge Amelyan back into first place on the leaderboard. A very good earnings report put Serge, and others who owned Crocs, into the "stratosphere" so to speak. Meanwhile, a takeover report moved Reuters into the lead of best performing stocks. Also, BQI moved into the most active and widely held lists--on what could be an "active" day for the stock.
Gasoline prices have surged to a record nationwide average of $3.07 per gallon, nearly 20 cents higher than two weeks earlier, oil industry analyst Trilby Lundberg said Sunday.
It should surprise no one who watches the ups and downs of Wall Street that a horse named Street Sense would come from way behind to win the Kentucky Derby. The week ahead looks like it will put everyone's street sense to the test as a louder chorus of market watchers use the word "caution" when it comes to buying stocks.
Foreign stocks have outpaced the U.S. for the past five years. But analysts say investors can still find good opportunities in select foreign companies and U.S. multinationals that do substantial business overseas.
In the battle between ego and trying to make Home Gamers money, Cramer's fans always win. So when he had the chance to recommend a company non grata for a play on next week's earnings, he chose profit over pride.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Stocks wrapped up another record week as potential merger deals pushed the major markets higher. "The market responded very well this week to the raft of mergers and acquisitions announcements and private equity deals," said Quincy Krosby, chief investment strategist at The Hartford.
Will dizzying gasoline prices slam the brakes on the U.S. economy this summer? Derek Burleton, senior economist at TD Bank Financial Group, and Jan Stuart, UBS oil economist, agree that prices will rise -- but aren't sounding any alarms yet. The two joined "Power Lunch" to talk about the pump's impact on the economy.
U.S. crude oil futures fell more than a dollar as RBOB gasoline faltered after rising early, triggering profit taking in the crude oil market and the rest of the oil futures complex, according to traders and analysts.
U.S. gasoline prices topped $3 a gallon on Friday, and threatened to rise even higher, as concerns mounted that refineries are simply not making enough gas to meet peak summer demand.
There's plenty of talk today about the possibility of $4 gas this summer. If that happens, this could be one long hot summer for the Big Three. Thursday, when I talked with him, General Motors CEO Rick Wagoner indicated the country's largest automakers are already noticing a repeat of last year, when buyers moved from big rigs (trucks and SUVs) and more towards smaller cars.
Hey everyone. Here are today's trivia questions; The video question is worth $2,000 Bonus Bucks: Gas prices have surged over the past month. How much have gas prices increased over the past month? Your selection of answer is: $0.37 or $0.10 or $0.50 or $0.30. The news question is worth $1,000 Bonus Bucks: Eastman Kodak reported a loss of how much for the first quarter of 2007? Your selection of answers is: $151 Million or $160 Million or $138 Million or $110 Million.
Good morning all. Shi Nisman and Serge Amelyan maintain the top two positions on the overall leaderboard. Shi Nisman is now all in cash, but Serge executes 2 transactions (one with a footwear company) that could propel him into the lead. Shi is in first with a total portfolio value of $4,727,507.23 up $119,026.20 from his gains on Sinopec Shanghai Petrochem up 2.52% on Thursday. Shi is now all-in cash.
French oil major Total said Friday first-quarter net profit dropped 17% as improving refinery margins failed to offset lower crude prices and a weaker dollar.
Shares in PetroChina, Asia's largest oil and gas producer, surged as much as 12% on Friday after it unveiled one of the world's biggest oil finds this decade.