With stocks near record highs, strategists are recommending investors focus on stock-picking select names and sectors, rather than the broader market.» Read More
*Plans to shed non-core assets in India, Trinidad. Nov 15- Canadian oil and gas producer Niko Resources Ltd lost more than half its market value after it raised "significant" doubt about its ability to continue as a going concern.
*Plans to shed non-core assets in India, Trinidad. Nov 15- Canadian oil and gas producer Niko Resources Ltd said it might not be able to meet its liabilities and raised "significant" doubt about its ability to continue as a going concern, sending its shares plummeting as much as 57 percent.
*Plans to shed non-core assets in India, Trinidad. Nov 15- Canadian oil and gas producer Niko Resources Ltd posted its 10th straight quarterly loss and said it might not be able to meet its current liabilities and exploration costs.
*Loews 3rd- qtr adj net income fell to $324 mln from $343 mln. Oct 28- Loews Corp, controlled by the billionaire Tisch family, reported lower adjusted net income for the third quarter as profit nearly halved at the conglomerate's Diamond Offshore Drilling Inc unit and overall investment income fell.
Oct 24- Diamond Offshore Drilling Inc posted a higher-than-expected quarterly profit, but delays in getting rigs out of the shipyard weighed on its prospects for 2014, and its stock fell 3 percent.
Oct 24- Diamond Offshore Drilling Inc posted a quarterly profit that beat analysts' estimates due to higher utilization of rigs used in shallow and ultra-deepwater drilling. Bigger rivals Noble Corp and Ensco Plc both reported higher-than-expected quarterly profits as rates paid for their rigs improved.
Oct 24- Diamond Offshore Drilling Inc said its quarterly net income fell about 47 percent as its customers, oil and gas producers, had cash flow issues. The offshore drilling contractor's net income fell to $95 million, or 68 cents per share in the third quarter, from $178 million, or $1.28 per share, a year earlier.
Sept 24- Diamond Offshore Drilling Inc said Chief Executive Lawrence Dickerson would retire once a successor is found, expected by March 31. Diamond Offshore, which has a market value of $8.75 billion, is majority owned by conglomerate Loews Corp, which has presence in hotel, energy and financial services.
Sept 24- Diamond Offshore Drilling Inc said its Chief Executive Lawrence Dickerson has decided to retire, after being with the offshore oil and gas drilling contractor for 34 years.
*Second-quarter profit $1.33/ share vs est $1.24/ share. July 25- Rig maintenance and the delayed arrival of two new rigs for Diamond Offshore Drilling Inc overshadowed higher-than-expected second-quarter profits, and the stock fell 3.5 percent.
It's make-or-break time for the first-quarter earnings season, and it comes just as the stock market is showing signs of strain.
Aggregate dividends per share for S&P 500 companies grew nearly 16 percent year-over-year at the end of last year, and the number of companies paying a dividend over the trailing month period hit a new, 13-year high, according to Factset.
Some of the names on the move ahead of the open.
As Washington politicians bicker about raising the debt ceiling and making a meaningful attempt to curb the country's deficit, the economy is suffering, Loews CEO James Tisch told CNBC.
What stocks might the father of value investing, Benjamin Graham, like today? TheStreet.com reports.
HOUSTON-- Diamond Offshore Drilling Inc. said Thursday its third-quarter profit tumbled 30 percent from a year ago, as rig revenue and drilling activity declined. The Houston- based contract driller said its net income for the three months ended Sept. 30 fell to $178.2 million, or $1.28 per share, from with $256.9 million, or $1.85 per share, a year earlier.
*FBR cuts Diamond Offshore Drilling Inc to market perform from. *FBR cuts Rowan Companies PLC to market perform from outperform; price. *FBR raises Hercules Offshore Inc price target to $5.25 from $4.40;.
*Global hunter raises Baker Hughes Inc price target to $49 from $42. *Global hunter raises Ensco PLC price target to $69 from $67. *Global hunter cuts Flotek Industries Inc price target to $16 from $18.
*JP Morgan cuts Rowan Companies PLC to underweight from neutral. *JP Morgan raises Rowan Companies PLC price target to $39 from $38. *JP Morgan cuts Schlumberger price target to $83 from $84; rating overweight.
Oct 1- Diamond Offshore Drilling Inc:. *On September 28, entered into a 5- year revolving credit agreement. *Agreement provides for a $750 million senior unsecured revolving credit.