Discussing the economics of oil, and what kinds of acquisitions investors can expect ahead, with Kinder Morgan Chairman and CEO Rich Kinder.» Read More
VANCOUVER, Oct 21- A Western Canadian pipeline once seen as the best near-term hope for sending more of the country's controversial tar sands crude to Asia has hit another snag: aboriginal communities intent on using the courts to block the proposed expansion. Kinder Morgan Energy Partners' C $5.4 billion Trans Mountain expansion would twin a 60- year-old line...
Oct 10- A Delaware judge said Royal Bank of Canada must pay $75.8 million in damages to former shareholders of Rural/Metro because it failed to disclose conflicts of interest that tainted the $438 million buyout of the ambulance operator. Delaware Court of Chancery Vice Chancellor Travis Laster found that the value of Rural/Metro shares were $21.42 at the...
Sept 26- Goldman Sachs Group Inc has tightened rules on investments its bankers can make in individual stocks and bonds, a company spokesman said on Friday. Goldman's decision, announced internally on Friday, also bars bankers from investing in activist or event-driven hedge funds, Andrew Williams, a Goldman Sachs spokesman, told Reuters.
Sept 26- Goldman Sachs Group Inc has tightened rules on investments its bankers can make in individual stocks and bonds, a company spokesman said on Friday, as a U.S. Goldman's decision, announced internally on Friday, also bars bankers from investing in activist or event-driven hedge funds, Andrew Williams, a Goldman Sachs spokesman, told Reuters.
Sept 26- Lawyers who persuaded seven private equity firms to pay $590.5 million to settle lawsuits accusing them of conspiring to depress the prices of corporate buyouts before the financial crisis are seeking fees of about $195 million for their work.
On Thursday, Norwegian oil firm Statoil said it will postpone its 40,000 barrels-a-day Corner project for at least three years, possibly indefinitely. While a handful of other projects have also been delayed or canceled this year, due in part to rising costs, Statoil is the first company to explicitly cite "limited pipeline access" as a reason.
HOUSTON, Sept 19- To capitalize on a flood of domestic and Canadian crude into the U.S. Gulf Coast, logistics giant Kinder Morgan Energy Partners is spending more than $1.5 billion in Houston to build the most flexible oil and fuel transport hub in the country.
Alibaba expected to rise in trading debut on heavy interest. NEW YORK- Alibaba Group Holding Ltd's shares surge 41 percent to $96.02 on their first day of trading as many investors who received fewer shares than hoped lined up orders to buy what looks likely to be the largest IPO in history. Wall St rises as Scots stay in UK, Alibaba debuts.
Fewer than 1 percent of large partnerships were audited by the IRS in 2012, compared with 27 percent of large corporations, the GAO said, defining both as having $100 million or more in assets, and in the case of partnerships, 100 or more partners.
Calgary- based TransCanada Corp is emerging as a possible target, with several U.S. activist hedge funds reviewing the nearly $38 billion pipeline operator as a break-up candidate, people close to the matter said.
VANCOUVER, Sept 17- The Supreme Court of British Columbia has rejected a local municipality's bid for a temporary injunction to stop survey work for an oil pipeline expansion project proposed by Kinder Morgan Energy Partners.
Oil producers in condensate-heavy shale crude plays like the Eagle Ford and the western Permian Basin in Texas also could fetch better condensate prices if exported, as U.S. refiners have limited demand for it.
SAN FRANCISCO, Sept 5- A San Francisco Superior Court judge on Friday dismissed a lawsuit brought by environmental groups against Kinder Morgan's Richmond, California, rail terminal, which quietly began unloading crude oil from trains this year, saying the plaintiffs waited too long to file their complaint.
Sept 5- Alibaba Group Holding Ltd disclosed on Friday that it would pay $15.8 million in legal fees to law firm Simpson Thacher and other attorneys who advised the Chinese e-commerce giant on its upcoming IPO, six times what Facebook paid its counsel two years ago.
You can’t turn around without hearing the S&P 500 printed 2,000, again, making another record. Can stocks possibly go higher?
After Kinder Morgan's large consolidation transaction on Monday, who are the next candidates? Mark Easterbrook, BP Capital Fund Advisors, provides perspective.
CNBC's Morgan Brennan breaks down the $71 billion, including debt, energy deal by Kinder Morgan.
CNBC's Jackie DeAngelis outlines the $44 billion consolidation deal by Kinder Morgan; and FMHR trader Pete Najarian calls out unusual activity in the stock from June.
Kinder Morgan is consolidating its subsidiaries into one company in a $44 billion dollar cash & stock deal. Its Chairman and CEO Richard Kinder, provides insight to why the transaction is good for shareholders.
Kinder Morgan is consolidating all of its publicly traded units into one company. CNBC's David Faber and Jim Cramer break down the $44 billion cash & stock transaction.