YPF SA, Nokia Corp, Home Depot Inc, Home Depot Inc, Arcelormittal, Arch Coal Inc, Royal Bank of Scotland Group plc and Weatherford International Ltd. are among the companies whose shares are moving in pre-market trading Monday.
Top After-Market NYSE Movers (AutoZone, Main Street, Owens & Minor, YPF, Accretive, Chiquita Brands, Chesapeake Utilities, Alliance One)
The top after-market NYSE gainers Friday were AutoZone, Main Street Capital Corp, Owens & Minor, YPF SA and FelCor Lodging Trust Inc. The top after-market NYSE losers were Accretive Health, Chiquita Brands International, Chesapeake Utilities Corp, Alliance One International and Weight Watchers International Inc.
Chesapeake Energy To Raise $6.9 Billion Via Asset Sales
Chesapeake Energy Corp said it will sell most of its Permian Basin properties to Royal Dutch Shell Plc and Chevron Corp and a majority of its pipeline assets to raise about $6.9 billion in cash.
Tropical Storm Isaac Cuts Petroleum Output, Price Hikes Expected
At least one major refiner, BP PLC (NYSE: BP), has said it is shutting down production in the region. Production shutdowns can lead to price spikes at the pump fairly quickly.
Shell Plans At Least $1 Billion Investment In Chinese Shale Gas Per Year
Royal Dutch Shell announced plans to spend at least $1 billion a year exploiting China's supply of shale gas, Reuters reported. The news came from the energy firm's head executive in China, Lim Haw Kuang, who responded to Reuters' questions about the alleged $1 billion-a-year plan to invest in the potentially vast natural gas trove.
Richmond, Calif. Fire Isn't The First For Chevron, Or Other Companies In Fuel-Making Business
Richmond, Calif., a city of about 104,000 residents, is home to heavy industry and is familiar with such incidents. Accidents can be potentially hazardous to surrounding communities. Sulfur dioxide, sulfur trioxide, hydrogen sulfide have serious health effects in high atmospheric concentrations.
Facebook, Apple, Starbucks, Caterpillar: Notable Earnings Reports To Watch, June 23-27
Next week's barrage of earnings releases offers further guidance on the health of U.S. companies.
Apple, Facebook, Caterpillar: 60 Earnings Reports To Watch Next Week, June 23 – June 27
Next week's barrage of earnings releases offers further guidance on the health of U.S. companies.
King Coal Has Lost Crown To Natural Gas, Despite Price Decline Forecast
While coal has powered the 19th-century Industrial Revolution, heated homes and generated electricity, the era of King Coal has come to an end.
LANDesk Buys Wavelink For Mobile Enterprise Push
LANDesk Software, the venerable desktop management software developer, said it had acquired private Wavelink to extend its reach into mobile platforms like smartphones and tablets.
Poland Looks to Shale Crude and Shale Gas
Poland looks to shale exploration, despite concerns over fracking.
Brazil To Fine Chevron For November Oil Spill By July
Brazil's oil regulator announced Monday it could affix a fine Chevron Corp., would have to pay for a November oil spill off the coast of Rio de Janeiro by this summer.
Ecuadoreans Sue In Canada To Force Chevron To Pay $18 Billion
Thousands of Ecuadoreans this week are trying to force Chevron Corp., the second-largest U.S. oil and gas company, into complying with a verdict and paying billions in environmental fines resulting from a decade-long pollution case.
NY Comptroller To Chevron: Time To Pay $18 Billion Ecuador Fine
New York Comptroller Thomas DiNapoli renewed his call on Friday that Chevron Corp. (NYSE: CVX), the second-largest oil company in the U.S., settle its legal battle against a multibillion-dollar judgment in Ecuador, to avoid further damaging its reputation and shareholder value.
Oil Sheen Spotted Near Brazilian Offshore Oil Platform
Brazilian naval authorities are investigating yet another oil sheen seen floating near a platform owned by state oil company Petrobras.
Chevron Expulsion From Brazil 'Unlikely,' Says Petrobras
Brazilian oil company Petrobras, which helps U.S.-based Chevron develop offshore oil fields in Brazil, said regulators there are not likely to shut down Chevron's operations in the Frade oil field in the wake of oil spills.
Japan's Tepco, Mitsubishi To Buy 10% Stake In Chevron Natural Gas Field
The Japanese government and local companies will buy a 10 percent stake in Chevron Corp. (CVX)'s Wheatstone natural gas field in Australia for 350 billion yen ($4.37 billion), Nikkei newspaper reported.
Ukraine To Increase Natural Gas Production, Decrease Dependence On Russian Energy
Ukrainian Prime Minster Mykola Azarov announced on Tuesday that Ukraine will ramp up its natural gas production by up to 25 percent over the next three years, a move that could help the country break free of its energy dependence on neighboring Russia.
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Chevron Shareholders Ask SEC To Investigate Company Disclosures On $18B Ecuador Judgment
A group of Chevron Corp., shareholders has asked that the Securities and Exchange Commission investigate claims the oil major is not fully disclosing the effect that a multi-billion dollar environmental case in Ecuador would have on the company and its numerous stakeholders.
ALEC's Corporate Members: Full List Released by Common Cause
The corporate members of ALEC task forces was revealed by the watchdog group Common Cause.
Oil, Stocks, Yields Tumble: Daily Markets Wrap
Disappointing jobs growth in the U.S., together with shrinking manufacturing and services activity in the euro zone, had equities and commodities in retreat and bond yields down. News this weekend isn't likely to calm jitters, with elections in both Greece and France, which may get its first new socialist president since 1981.
Obama Administration To Restrict Fracking: Report
The Obama administration will reportedly restrict hydraulic fracturing, or fracking, by promulgating a set of rules governing such practices on federal land.
Pre-Market Movers (DGI, LNKD, VE, DB, DOW, NRF, SDRL, AIG)
The companies whose shares are moving in pre-market trade Friday are: DigitalGlobe Inc, Linkedin Corporation, Veolia Environnement, Deutsche Bank, The Dow Chemical Company, Northstar Realty Finance Corp and Seadrill Ltd American International Group Inc.
Mitsui, Mitsubishi Buy Stake in Woodside's Browse LNG Project
Woodside Petroleum Limited (AX: WPL) sold a 14.7 percent stake in its Browse liquid natural gas (LNG) development project for $2 billion to a Japanese joint venture operated by Mitsui & Company Limited and Mitsubishi Corporation, the Australian company announced Tuesday.
Wall Street Eyeing 4th Day of Gains; Amazon, Expedia Jump
Stocks rose modestly on Friday, putting equities on track for a fourth day of gains as more strong earnings partially offset a weaker-than-expected reading on economic growth.
EDITOR'S PICK