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Hess Corp

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  • Hess to spin off gas station business Wednesday, 8 Jan 2014 | 8:50 AM ET

    Jan 8- Oil and gas company Hess Corp said it would spin off its gas station business, adding to the list of assets being sold after a campaign by activist investor Elliott Management.

  • Early movers: JPM, TWTR, MCD, F & more Wednesday, 8 Jan 2014 | 7:57 AM ET

    Some of the names on the move ahead of the open.

  • Danger on the rails: New rules could hit stocks Tuesday, 7 Jan 2014 | 11:49 AM ET
    This photo provided by Cass County Commissioner Ken Pawluk shows a train derailment and fire west of Casselton, N.D.

    Recent accidents have analysts looking at companies that could be exposed to new rules governing oil shipments from the Bakken region.

  • Dec 16- Hess Corp said fourth quarter profit will be lower on a sequential basis due to a drop in oil prices and output will be lower than it had previously forecast. Hess said the average price it received for its crude oil fell to $98.65 per barrel in the first two months of the fourth quarter, down from $104.95 in the third quarter.

  • *E&P spending to rise more than 7 pct in North America. The Big Oil companies-- Exxon Mobil Corp, Chevron Corp, Royal Dutch Shell Plc and Total SA and BP Plc-- though not targeted by activist investors are also under pressure to boost returns.

  • NEW YORK, Dec 4- The Dow and the S&P 500 finished lower for the fourth consecutive session on Wednesday after investors found few reasons to make big moves, with uncertainty remaining over when the Federal Reserve will start to slow its stimulus.

  • *Investors unsure of Fed's timing for tapering. NEW YORK, Dec 4- U.S. stocks declined on Wednesday, with the S&P 500 off for a fourth straight session as investors worried that the market's rally to record levels was not justified, given uncertainty over when the Federal Reserve will start to slow its stimulus.

  • A debate over paying board nominees of hedge funds Tuesday, 26 Nov 2013 | 1:32 PM ET
    A Hess gas station in Brooklyn, N.Y.

    The dispute around director compensation is the latest front in the war of influence between activist hedge funds and corporate boards.

  • LONDON, Nov 14- Centrica, one of the big six British utilities under fire from politicians for hiking bills, has cut its 2013 earnings forecast, citing not only rising costs in the UK but also intensifying competition in the United States.

  • LONDON/ HOUSTON, Oct 31- Oil industry shareholders concerned about poor returns and costly projects urged executives from Big Oil this week to return cash to shareholders- and at least one of the world's top five petroleum companies fully acquiesced.

  • UPDATE 2-Conoco turns homeward for oil growth Thursday, 31 Oct 2013 | 11:17 AM ET

    *Expects about $9 bln from asset sales in Kazakhstan, Algeria, Nigeria. Oct 31- ConocoPhillips, abandoning higher-risk assets in favor of oilfields closer to home, said it expects proceeds of nearly $9 billion from the sale of its interests in Kazakhstan, Algeria and Nigeria.

  • 'Severe risk' of 'financial crisis': Paul Singer Wednesday, 30 Oct 2013 | 4:01 PM ET

    Hedge fund manager and billionaire conservative Paul Singer thinks the Affordable Care Act is a disaster.

  • US oil earnings: Exxon, Conoco and Chevron preview Wednesday, 30 Oct 2013 | 2:46 PM ET
    ExxonMobil oil rig

    What to look for when the major players in U.S. oil report quarterly results Thursday and Friday.

  • Midday movers: Infosys, Sprint, Telsa & more Wednesday, 30 Oct 2013 | 12:41 PM ET

    Take a look at some of Wednesday's midday movers:

  • Oct 30- Political and military unrest in Libya sharply curtailed Hess Corp's output and profits in the third quarter, and forced it to temper expectations for the year, the oil and natural gas producer said on Wednesday.

  • Oct 30- Political and military unrest in Libya sharply curtailed oil and natural gas producer Hess Corp's quarterly production and profit, forcing it to temper expectations for the year, the company said on Wednesday.

  • Oct 30- Hess Corp, an oil and natural gas producer, reported a lower-than-expected third-quarter profit on Wednesday as unrest in Libya and asset sales dented production. Much of the drop came after Hess sold assets in Russia, the UK and Azerbaijan.

  • Oct 30- Hess Corp, an oil and natural gas producer targeted by activist investor Elliot Management, said on Wednesday its quarterly profit fell 25 percent due to a drop in production following asset sales and unrest in Libya. The company posted third-quarter net income of $420 million, or $1.23 per share, compared with $557 million, or $1.64 per share, a year earlier.

  • CORPUS CHRISTI, Texas, Oct 28- The Gulf of Mexico, stung by the worst offshore oil spill in U.S. history in 2010 and then overshadowed by the onshore fracking boom, is on the verge of its biggest supply surge ever, adding to the American oil renaissance.

  • CORPUS CHRISTI, Texas, Oct 28- The Gulf of Mexico, stung by the worst offshore oil spill in U.S. history in 2010 and then overshadowed by the onshore fracking boom, is on the verge of its biggest supply surge ever, adding to the American oil renaissance.

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