Kinder's $44 billion deal isn't part of a trend, but the basic story behind infrastructure as a play on energy is very much intact.» Read More
"It's a feel-good story that I insist on," CNBC's Jim Cramer said of the oil sector.
*Best Buy rebounds from early declines after results. NEW YORK, May 22- U.S. stocks were set to open little changed on Thursday, in the wake of data showing initial jobless claims rose in the latest week but were still near pre-recession levels, and ahead of data on the housing market.
Stock futures pointed to a higher open on Wall Street on Thursday, with initial jobless claims rising last week.
*Deal to give Speedway gas stations, stores on East Coast. May 22- Refiner Marathon Petroleum Corp said it would buy oil and natural gas producer Hess Corp's retail business for $2.87 billion to expand its network of gas stations and convenience stores along the U.S. East Coast.
*Best Buy falls in premarket after results. NEW YORK, May 22- U.S. stock index futures were little changed on Thursday, ahead of data on the labor and housing markets, after the S&P 500 advanced for a third time in four sessions. Dow Jones industrial average e-mini futures gained 8 points and Nasdaq 100 e-mini futures added 2.75 points.
Some of the names on the move ahead of the open.
Some wonder whether Wall Street and Big Oil are to blame for the high price of gasoline. The answer is yes...and no.
*Indonesia gives right to Pertamina to take over expiring contracts. *Pertamina has sent 3 letters to Indonesia govt on Mahakam- exec. Total has promised to invest up to $7.3 billion before then if the contract is renewed, but energy resources are highly politicized in Indonesia and with elections approaching in July no decision has been made.
As the summer driving season looms, U.S. retail gas remains stubbornly lodged near $4 per gallon.
May 8- Freeport-McMoRan Copper& Gold Inc said on Thursday it would buy Apache Corp's deepwater oil and gas projects in the Gulf of Mexico for $1.4 billion, a day after saying it would shed $3.1 billion in Eagle Ford shale assets in Texas.
WASHINGTON, May 2- Few oil-by-rail shippers have heeded calls for information to prevent dangerous mishaps on the tracks, the U.S. Department of Transportation said on Friday as it named the three companies it said have cooperated. Testing data has so far been tallied from Exxon Mobil, Continental Resources Inc and Savage Companies, the agency said.
Some of Wednesday's midday movers:
HESS CORP CEO SAYS CONTINUES TO PLAN MLP FOR BAKKEN MIDSTREAM ASSETS, LIKELY BY 2015, WILL MAINTAIN MAJORITY CONTROL.
Wall Street has its eye on the Federal Reserve's meeting, but a slew of data is likely to have more influence on stocks Wednesday.
April 30- Oil and natural gas producer Hess Corp reported a higher-than-expected quarterly profit on Wednesday, helped in part by a jump in Norwegian production. Gulf of Mexico, posted first-quarter net income of $386 million, or $1.20 per share, compared with $1.28 billion, or $3.72 per share, a year earlier.
*Exelon to buy Pepco Holdings. *Twitter, EBay shares down after results. *Twitter shares fell 13.8 percent premarket a day after it posted earnings that showed lackluster user and usage growth for the second consecutive quarter.
NEW YORK, April 29- Two new defendants, Mercuria Energy Trading SA and Hess Energy Trading Co, have been added to a lawsuit accusing BP Plc, Royal Dutch Shell Plc and several other companies of conspiring to manipulate Brent crude oil prices.
Investors will navigate a Fed meeting, an earnings flood, and significant economic data, but traders agree global tensions will continue to dominate the market.
In the wake of a recent hostile takeover attempt, Jim Cramer takes a hard look at investor activism.
BANGKOK, April 23- PTT Exploration and Production Pcl, Thailand's top oil and gas explorer, has bought Hess Corp's assets in Thailand in a $1 billion deal as part of its attempt to boost its gas business, the company's CEO said on Wednesday.