The number of bankruptcies among publicly traded U.S. companies has climbed to the highest first-quarter level for five years.» Read More
KUALA LUMPUR, May 18- Tokyo Gas Co Ltd, Japan's biggest gas utility, is looking to invest in more U.S. shale gas production as a hedge to liquefied natural gas imports from the United States to start next year, a company executive said on Monday. The company has inked contracts to buy 1.9 million tonnes per year of LNG from U.S. producers and aims to invest in an equal...
May 12- Patriot Coal Corp filed for bankruptcy protection on Tuesday, just 18 months after emerging from its previous Chapter 11, and said it was in negotiations with a potential buyer. The company listed assets and liabilities of more than $1 billion in its bankruptcy petition, which it filed in the U.S. Bankruptcy Court in the Eastern District of Virginia.
NEW YORK, May 11- The rebound in oil prices since mid-March is paying off for holders of corporate bonds of energy companies, and investors are confident that they will outperform Treasuries this year, despite lingering risks. "Treasuries are significantly overpriced in the current market while energy bonds are cheap," said Kevin Dachille, institutional...
Noble Energy will pay about $2.1 billion for Rosetta Resources in an all-stock deal that gives the oil and gas company access to two massive Texas shale formations. The deal will immediately boost its per-share production and earnings at Noble Energy Inc., the company said Monday. Noble Energy reported a loss of $22 million in the quarter.
WILMINGTON, Del, April 14- The number of bankruptcies among publicly traded U.S. companies has climbed to the highest first-quarter level for five years, according to a Reuters analysis of data from research firm bankruptcompanynews.com. The $34 billion in assets held by the 26 companies is the second highest for a first quarter in the past decade.
BOSTON, Jan 9- Big European and American banks have found a productive place to park the energy sector's most distressed debt: the $2.7 trillion U.S. money market industry. Barclays Bank plc, Credit Suisse and Wells Fargo and others get overnight and short-term loans from companies that run money market mutual funds such as Fidelity Investments, BlackRock Inc,...
BOSTON, Dec 17- Independent oil exploration and production companies are leaning heavily on bank credit lines to survive plunging crude prices, making it a nervous time for U.S. funds holding their junk-rated debt. 'said Francis Bradley III, a Greenberg Traurig attorney in Houston who specializes in energy company financing deals. " U.S. mutual funds hold an...
HOUSTON, Dec 12- Banks are responding to tumbling crude prices by trimming the value of oil reserves tied to credit lines, possibly causing a cash crunch for some highly-leveraged U.S. exploration and production firms. But I don't think anybody is going to be able to add on significantly more debt, "said Christian Ledoux, a senior portfolio manager at San Antonio-...
Chatter the Federal Reserve may stop its taper program is premature. It would have to believe the U.S. economy is undeniably slowing.
FORT WORTH, Texas-- Shares of Quicksilver Resources Inc. tumbled Tuesday after the natural gas producer posted a $651.8 million third-quarter loss, hurt by one-time charges and a drop in natural gas prices.
One analyst for TheStreet.com take a closer look at several stocks under $10 that were making large moves to the upside on Thursday.
NEW YORK, Oct 1- Small cap stocks rallied on Monday as a surprise expansion in the U.S. manufacturing sector quieted concerns about economic growth at a time when central banks are seen continuing to support markets. The ISM number suggests that things are not that bad, "said Adam Sarhan, chief executive officer at Sarhan Capital in New York."
Shares of the following companies are showing unusual moves in Wednesday's trading session.
With the recent run-up in oil prices, have some of the energy names gone too high?
Cramer makes the call on viewers' favorite stocks.
Here's why you should keep a close eye on these six stocks.
Stocks open slightly up despite a disappointing September industrial production report. Last month’s decline was the first decline in 15 months. The poor data sent the dollar to its lows of the sessions.
Stocks closed mixed as technology companies pulled the Nasdaq and Dow higher, although investors didn't have enough conviction in the future of the economy to break out of a tight trading range. HP and Cisco rose, while Alcoa fell.
Stocks remained mixed Thursday ahead of the close as technology stocks pulled the Nasdaq higher and lifted the Dow, although Wall Street largely remained locked in a tight trading range. HP and Cisco rose, while Alcoa fell.
Stocks clung to modest losses Thursday after a mixed batch of economic data failed to convince investors to move prices higher. Alcoa and Bank of America fell, HP and Cisco rose.