None of the major hedge funds that owned the battered U.S. energy stocks indicated having sold them» Read More
NEW YORK, July 29- BP Plc, Royal Dutch Shell Plc, Morgan Stanley and other companies urged a U.S. judge to dismiss nationwide litigation claiming they conspired for 12 years to fix prices of Brent crude oil, a benchmark for the cost of gasoline and heating oil.
NEW YORK, July 28- Argentina has fought in court for a dozen years against the claims of holdout investors in its defaulted debt, and Argentina has lost. Argentina defied court-ordered demands to pay all its bondholders by a June 30 deadline, and a 30- day grace period runs out this week.
A crush of big cap earnings and arguably the most important economic reports until September make next week the busiest of the summer for markets.
The $6 billion buyout of Kodiak Oil & Gas is renewing attention on energy firms in North Dakota's Bakken formation.
William Johnson, the former chairman, CEO and president of Heinz, is joining buyout shop Advent as a consultant.
CALGARY, Alberta, July 1- Mergers and acquisitions in Canada's energy sector have rebounded from a dull 2013 and look poised for a further pickup, driven by the country's rapidly developing shale oil and gas properties rather than its better known oil sands.
Energy stocks may be getting too rich and could quickly give up gains if the Iraq situation is defused, some analysts said.
HONG KONG/ SINGAPORE, June 13- Canada's Talisman Energy Inc is reviewing its Asian oil and gas portfolio, valued at about $4 billion, which could lead to a partial or full sale, people familiar with the matter said.
The "Fast Money" traders share their final trades of the day.
Companies are reconsidering their approach to listings as enthusiasm for once-booming biotech and social media offerings has wavered. The FT reports.
Stocks rose modestly on Thursday, extending the prior day's rally.
Collectors can breathe easy as Hess announced it will continue making its toy trucks after the sale of its retail arm to Marathon Petroleum.
"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.