The dispute around director compensation is the latest front in the war of influence between activist hedge funds and corporate boards.» Read More
Some of the names on the move ahead of the open.
*Tenet Health to buy Vanguard Health for $4.3 bln. *Barrick Gold to lay off workers.
*Barrick Gold to lay off workers. *Keynote Systems to be acquired for $20 per share.
SHANGHAI, June 22- China's Sinopec Group has agreed to buy Marathon Oil Corp's Angolan offshore oil and gas field for $1.52 billion, Asia's largest refiner producer said. Sonangal Sinopec International Ltd, the group's subsidiary, will acquire Houston- based Marathon's 10 percent stake on the Angolan field called Block 31, it said in a statement late on Friday.
SHANGHAI, June 22- China National Petroleum Corp has agreed to buy Marathon Oil Corp's Angolan offshore oil and gas field for $1.52 billion, the country's top oil and gas producer said, marking its second major acquisition in Africa.
Marathon Oil tapped an Exxon Mobil executive to become its next CEO when Clarence Cazalot retires at the end of the year.
June 13- Marathon Oil Corp tapped an Exxon Mobil Corp executive to become its next CEO when Clarence Cazalot retires at the end of the year. Lee Tillman, Exxon Mobil's vice president of engineering, will take the top post at the energy exploration company in January 2014, Marathon Oil said on Thursday.
June 13- Marathon Oil Corp said on Thursday that Chairman and Chief Executive Clarence Cazalot will retire Dec. 31 and be replaced by a senior Exxon Mobil Corp executive. Lee Tillman, 51, currently vice president of engineering for Exxon Mobil's development unit, will become Marathon Oil's CEO in 2014, the company said in a statement.
With gas prices spiking in parts of the country, a lot of drivers are wondering why they are suddenly shelling out more to fill up. A number of forces are at work. Here's an explainer.
Check out which companies are making headlines after the bell Tuesday:
In the options market, big money can be made pretty quickly. For one trader, it only took a day. Here's how he did it.
For a long time, the trade has been to buy oil refiners and sell big oil. Now it looks like that trade could flip.
One options trader has made a bet that Hess's rally would continue. Should you follow suit?
Hess will exit its retail, energy marketing, and energy trading businesses following pressure from an activist investor to break up the company.
Based on a proprietary algorithm from Chartlab Pro, here are the 10 most overbought stocks in the market right now.
CNBC's Sharon Epperson reports that even though gas prices have pulled back, futures are up over where they were a year ago. For the past 33 days, retail gas prices have climbed, she reports, and the national average is $3.75/gallon.
U.S. refiners are the clear winners in the recent rally--but at consumers' expense. If gas prices stay at $3.60 or higher for the rest of the month, it will cost consumers an extra $10 billion in the first quarter.
These three undervalued oil companies are concentrating on growing their production of crude oil, just like Hess.
The average plan on a list of top 401(k) plans had 4.9 percent of its assets in target-date funds.
Take a look at some of Monday's midday movers: