Up nearly 20 percent in the past five months, the energy sector still has room to run, Matarin's Nili Gilbert says.» Read More
NEW YORK-- Shares of several oil refining companies fell Wednesday after Chevron Corp. said its third-quarter results will be substantially lower than its second-quarter earnings.
JOHANNESBURG, Oct 10- South African shares turned positive for the first time this week but Gold Fields and other bullion mining firms took a beating from a recovery in the local currency. Absa, the South African bank majority owned by Barclays, fell 2.8 percent to 134.60 rand.
HOUSTON Oct 9- Marathon Petroleum Corp and Harvest Pipeline Company said on Tuesday they have agreed to jointly build a truck-to-barge system on the Ohio River to transport crude oil produced in the Utica shale oil play to refineries for processing.
Oct 9- Marathon Petroleum Corp:. *Marathon Petroleum Corporation and Harvest Pipeline Company sign letter of. Ohio river at Wellsville, Ohio.
Oct 9- Marathon Petroleum Corp:. *Oppenheimer raises Marathon Petroleum Corp price target to $70 from. Reuters Station users, click. 1568.
*Howard Weil Raises HollyFrontier Corp price target to $39 from $34;. *Howard Weil Raises Marathon Petroleum Corp price target to $58 from. *Howard Weil Raises Phillips 66 price target to $50 from $39; rating.
Oct 9- Marathon Petroleum Corp:. *Raymond James Raises Marathon Petroleum Corp price target to $62 from. Reuters Station users, click. 1568.
PARIS, Oct 9-* U.S. stock index futures pointed to a lower open on Wall Street on Tuesday, with futures for the S&P 500 down 0.21 percent, Dow Jones futures 0.13 percent lower and Nasdaq 100 futures down 0.36 percent at 0922 GMT.
Oct 9- The following are the top stories in the Wall Street Journal on Tuesday. *BP Plc said Monday it has sold the large Texas City refinery, scene of a fatal industrial accident in 2005, to Marathon Petroleum Corp in a deal worth up to $2.5 billion.
Oct 9- Marathon Petroleum Corp:. *Barclays raises Marathon Petroleum Corp price target to $88 from $80;. Reuters Station users, click. 1568.
*Marathon to purchase refinery for $598 million. HOUSTON, Oct 8- Marathon Petroleum Corp is buying BP Plc's Texas City refinery, the site of a deadly industrial accident, in a $2.5 billion deal that will make it the No. 4 U.S. refiner with a bigger potential slice of lucrative exports.
NEW YORK-- Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:. Green Dot Corp., down $2.60 at $10.25. Shares of the prepaid card seller fell after Wal-Mart Stores Inc. and American Express said they will team up to make a rival card.
--Marathon Petroleum Corp. announced that it will acquire BP PLC's Texas City refinery and related assets for $598 million, plus an additional $1.2 billion for inventories. Rating Action On Oct. 8, 2012, Standard& Poor's Ratings Services affirmed its' BBB' and' A-2 ratings' on U.S.-based Marathon Petroleum Corp. The outlook is stable.
Take a look at some of Monday's midday movers:
U.S. stocks declined after the World Bank cut growth forecasts for East Asia, highlighting concerns about the global economic climate and corporate profits on the cusp of the quarterly earnings season.
*Marathon to purchase refinery for $598 million. Oct 8- Marathon Petroleum Corp struck a deal to buy BP's Texas City refinery and related infrastructure for up to $2.5 billion, a purchase that would make Marathon the fourth-largest refiner in the United States.
*Marathon to purchase refinery for $598 million* Inventory worth around $1.2 billion* Marathon could pay up to another $700 mln over 6 years. Marathon Petroleum's shares rose to $56.38 in pre-market trading, after closing on Friday on the New York Stock Exchange at $54.87.
NEW YORK-- BP has finally found a buyer for its Texas City refinery, one of the largest and most complex in the U.S. Marathon Petroleum Corp. will pay only $598 million for the refinery itself and other nearby pipelines and fuel terminals. The Texas City refinery has a troubled history.
*Marathon to purchase refinery for $598 million. HOUSTON, Oct 8- Marathon Petroleum Corp struck a deal to buy BP Plc's Texas City refinery and related infrastructure for up to $2.5 billion, a purchase that will make Marathon the fourth-largest U.S. refiner and give it a bigger potential slice of the market for refined product exports.
-Minh Phu Seafood Group, a major shrimp exporter, said Vietnam Investment Fund II Ltd has sold all the 3.5 million MPC shares in the fund's possession. -The government has decided to expand the Cat Bi airport in the northern port city of Haiphong to be able to handle international flights, with investment slated by 2015 of 5 trillion dong, the Transport Ministry said.