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Hess Corp

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  • What Strong Dollar? US Boom Provides Oil Hedge Monday, 20 May 2013 | 1:17 PM ET

    The energy boom in the U.S. is providing a shock absorber of sorts for major oil companies, helping to hedge a strong dollar amid an the increase in domestic production.

  • UPDATE 2-Ohio's well data shatters shale oil hopes Thursday, 16 May 2013 | 4:48 PM ET

    *Oil output from Ohio's Utica shale to be dwarfed by gas. NEW YORK, May 16- Oil output from the Utica shale in Ohio was less than expected last year, the Ohio Department of Natural Resources said on Thursday, denting the Utica's image as America's next oil-producing frontier.

  • UPDATE 1-Gas will dwarf oil in Ohio's Utica shale play Thursday, 16 May 2013 | 3:10 PM ET

    *Oil output from Ohio's Utica shale to be dwarfed by gas. NEW YORK, May 16- Oil production from the Utica shale in the U.S. state of Ohio was lower in 2012 than first anticipated and in much of the play it will be dwarfed by "significant" gas output, the Ohio Department of Natural Resources said on Thursday.

  • NetApp shares jump after Elliott discloses stake Thursday, 16 May 2013 | 2:47 PM ET

    NetApp Inc.' s shares rose Thursday on a report that hedge fund Elliott Management is pushing for major changes at the data storage company. THE SPARK: A report by Bloomberg, citing an unidentified person familiar with the situation, said Elliott has proposed new directors for NetApp's board and has asked the company to return cash to shareholders.

  • Here's What the Billionaires Are Buying Thursday, 16 May 2013 | 2:36 PM ET

    Hedge fund managers and investment gurus have to notify the SEC about their moves every quarter. Investors pore over this data in the belief the big fish have special insight.

  • Hess and Elliott Bury Hatchet in Deal Over Board Thursday, 16 May 2013 | 10:56 AM ET
    A Hess truck sits at a fueling station at the company's petroleum terminal in Bogota, N.J.

    Hess and Elliott Management ended a long-running proxy feud, settling on a mix of new directors and putting a battle over the company's strategy behind them.

  • Hess & Elliott End Proxy Fight  Thursday, 16 May 2013 | 10:43 AM ET

    The reconstituted Board has Hess adding three Elliott directors and Elliott agreeing to support five Hess directors, reports CNBC's David Faber.

  • *Elliott will support Hess's five nominees. May 16- Hess Corp will put three directors backed by hedge fund Elliott Management onto its board, settling a months-long feud over the oil company's governance and long-term strategy.

  • Faber Report: Hess and Elliott End Proxy Fight  Thursday, 16 May 2013 | 9:16 AM ET

    The reconstituted Hess board will continue to consist of 14 directors, reports CNBC's David Faber.

  • It appears Hess and Elliott Management are coming to a deal, reports CNBC's David Faber.

  • JPMorgan Chief's Fate Comes Down to Close Vote Thursday, 16 May 2013 | 5:59 AM ET
    Jamie Dimon

    The vote to split roles for JPMorgan Chase Chairman and CEO Jamie Dimon on Tuesday could be driven by big index funds, as well as by Institutional Shareholder Services

  • Billionaire Paulson's Big Housing Bet Thursday, 16 May 2013 | 1:21 AM ET

    The billionaire bet more heavily on mortgage insurers, suggesting he expects the housing recovery to continue.

  • BOSTON, May 15- Billionaire investor John Paulson bet more heavily on mortgage insurers during the first quarter, which suggests that his hedge fund expects the housing recovery to grow stronger in the months ahead.

  • Whale Watch: Einhorn Boosts Apple Stake by 83.5% Wednesday, 15 May 2013 | 5:40 PM ET

    Big investors are reporting their quarterly holdings, offering a glimpse into what some of the big fish were buying and selling during the first quarter.

  • After-Hours Buzz: CSCO, AAPL, TSLA & More Wednesday, 15 May 2013 | 5:02 PM ET

    Check out which companies are making headlines after the bell Wednesday:

  • *Elliott says all of its and Hess' nominees should be on the board. May 14- Hedge fund Elliott Management Corp, which has already rejected a settlement offer from Hess Corp that would have given the activist investor two seats on the oil and gas company's board, said it would be willing to settle if Hess puts all five of the Elliott-backed nominees on the board.

  • Faber Report: Hess and Elliott Begin Talks  Tuesday, 14 May 2013 | 9:42 AM ET

    Elliott Management has a new proposal it hopes will end its proxy fight Hess, reports CNBC's David Faber.

  • Hess willing to add 2 Elliot board nominees Monday, 13 May 2013 | 6:32 PM ET

    NEW YORK-- Hess Corp. says it is willing to add two of Elliot Capital Management's nominees to its board after they agreed to forgo compensation from the hedge fund. But Elliot Management says the Hess move is a stunt, and it wants shareholders to hold out for bigger changes.

  • May 13- Hess Corp offered hedge fund Elliott Management two seats on its board on Monday, but the activist investor rejected the proposal, calling it a "PR stunt." Hess agreed to strip longtime chief executive John Hess of his chairmanship last week in a bid to show improving corporate governance at the company.

  • May 13- Transocean Ltd said on Monday that Chairman Michael Talbert will step down later this year, in a move that comes just days before the culmination of a fight between the offshore driller and investor Carl Icahn in which Talbert was a target.