Hess Corp
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Oil depletion is a hot topic rarely mentioned in the context of America's budding energy boom. Yet some murmurs are out there.
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*Marubeni wants grains business, not energy- sources. TOKYO, June 7- Japanese trading house Marubeni Corp is in advanced talks to cut Gavilon's energy business out of its planned takeover of the U.S. commodity merchant, two sources with direct knowledge of the deal said on Friday.
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HOUSTON/ NEW YORK, June 6- Devon Energy Corp's latest bid to revive interest in its stock may take a page out of the activist investors' playbook, but Wall Street continues to look elsewhere for returns in the energy patch. The Oklahoma City- based company said on Thursday it would transfer some assets into a publicly traded master limited partnership.
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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.
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*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.
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*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.
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*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.
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The reconstituted Hess board will continue to consist of 14 directors, reports CNBC's David Faber.
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It appears Hess and Elliott Management are coming to a deal, reports CNBC's David Faber.
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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
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The billionaire bet more heavily on mortgage insurers, suggesting he expects the housing recovery to continue.
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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.
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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.
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Check out which companies are making headlines after the bell Wednesday:
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*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.
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Elliott Management has a new proposal it hopes will end its proxy fight Hess, reports CNBC's David Faber.
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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.
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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.
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NEW YORK, May 13- An activist hedge fund's nominees to the Hess Corp board of directors said they were waiving their right to receive a controversial pay package under which the fund will pay them extra if the oil and gas company outperforms its peers under their watch.
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NEW YORK, May 13- An activist hedge fund's nominees to the Hess Corp board of directors said they were waiving their right to receive a special pay package from the fund if the oil and gas company outperforms its peers under their watch.
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NEW YORK, May 10- The Dow and S&P 500 ended at record highs on Friday, and stocks posted a third consecutive week of gains as a rise in Google and other technology shares offset a slide in energy stocks. Nasdaq led gains, boosted by a 1 percent rise in Google's stock, which also led the S&P 500' s rise.
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No reason has been given yet for the departure of founder and executive chairman George Zimmer, reports CNBC's Courtney Reagan. Zimmer has long been the face of the company.
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