There’s something going on in the energy sector, and Jim Cramer doesn’t think the Street fully understands the impact.» Read More
*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.
WASHINGTON, Oct 2- Last year's sale from U.S. emergency crude oil reserves has helped battle shrinking capacity or "creep" at the 62 salt caverns in Texas and Louisiana that form the Strategic Petroleum Reserve, the Energy Department's inspector general said on Tuesday.
Jim Cramer’s researcher, Nicole Urken, takes a look at some pockets of value creation in this unpredictable market.
Here are eight stocks cited by S&P Capital IQ as being poised for long-term gains based on North America’s booming oil production, arranged in inverse order of analysts’ most positive ratings.
Now that ConocoPhillips has spun off Phillips 66, Cramer comments on which stock he prefers, if either.
TheStreet.com details three gold-mining stocks and six oil stocks that S&P Capital IQ analysts say will likely benefit from the current world oil supply scenario.