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PCG
PG E proposes board revamp in revised bankruptcy plan
Reuters Bankrupt California power producer PG E Corp said on Saturday it had submitted an updated bankruptcy reorganization plan including a new board of directors and new roles aimed at addressing concerns raised by California Governor Gavin Newsom PG E filed for Chapter 11 protection in January last year citin...
VZ
Wednesday Uncertain
The Hoot Actionable ideas for the busy trader delivered daily right up front Wednesday uncertain ES pivot 2056 42 Holding above is bullish Rest of week bias uncertain technically Monthly outlook bias higher Single stock trader VZ not yet a buy Recap My conditional call for Tuesday worked perfectly Just l...
VZ
Thursday Depends On ES Pivot
The Hoot Actionable ideas for the busy trader delivered daily right up front Thursday higher only if ES breaks above its pivot else lower ES pivot 2066 17 Breaking above is bullish Friday bias uncertain technically Monthly outlook bias higher Single stock trader VZ not yet a buy Recap Tuesday night I ca...
VZ
Friday Higher
The Hoot Actionable ideas for the busy trader delivered daily right up front Friday higher ES pivot 2076 00 Holding above is bullish Next week bias higher technically Monthly outlook bias higher Single stock trader VZ topping Recap Wednesday night I said that if ES managed to break above its pivot by mid...
VZ
Tuesday Lower
The Hoot Actionable ideas for the busy trader delivered daily right up front Tuesday lower ES pivot 2090 00 Holding below is bearish Rest of week bias lower technically Monthly outlook bias higher Single stock trader VZ topping Recap Yaaawn Is this three day weekend finally over Time to wake up and get...
VZ
Wednesday Uncertain
The Hoot Actionable ideas for the busy trader delivered daily right up front Wednesday uncertain ES pivot 2091 83 Holding above is bullish Rest of week bias lower technically Monthly outlook bias higher Single stock trader VZ moving lower Recap Well Mr Market sure got over his Greek existential malaise ...
VZ
Friday Technicals Move Lower
The Hoot Actionable ideas for the busy trader delivered daily right up front Friday lower ES pivot 2094 00 Holding above is bullish Next week bias lower technically Monthly outlook bias higher Single stock trader VZ bottoming soon Recap Well the conditional call last night simply did not work out ES br...
VZ
Monday Uncertain
The Hoot Actionable ideas for the busy trader delivered daily right up front Monday uncertain ES pivot 2099 33 Holding above is bullish Rest of week bias lower technically Monthly outlook bias higher Single stock trader VZ a swing trade buy Recap In a good example of how news trumps technicals on Frid...
XOM
Petrobras says Exxon expressed strong interest in pre salt oil
SAO PAULO Reuters U S oil company Exxon Mobil Corp N XOM expressed to Brazil s state controlled company Petrobras SA PETR4 strong interest in the exploration of deep water oil fields off the Brazilian coast Petrobras Chief Executive Pedro Parente said on Tuesday Considering movements towards a strategic...
XOM
ExxonMobil says in talks to buy Singapore s Jurong Aromatics
By Florence Tan and Seng Li Peng SINGAPORE Reuters ExxonMobil N XOM said on Wednesday it is in talks to buy a refining petrochemical complex in Singapore that could boost its fuel and chemical production in Asia We can confirm that we are currently negotiating with the receiver for Jurong Aromatics Corporation ...
XOM
Exxon in talks to buy Singapore refining complex
Exxon Mobil XOM 1 2 says it is in talks to buy the Jurong Aromatics refining and petrochemical complex in Singapore that could increase its fuel and chemical production in Asia Jurong Aromatics whose 2 4B condensate splitter and petrochemical units began operations in 2014 went into receivership in September 2...
XOM
Exxon Qatar Petroleum to explore for oil and gas offshore Cyprus
Qatar Petroleum says it will team with Exxon Mobil XOM 1 3 in an oil and gas drilling program off the southern coast of Cyprus in 2018 after signing an exploration and production sharing contract Exploring the Mediterranean s Levant Basin has become more attractive since Eni discovered Egypt s offshore Zohr fie...
XOM
Exxon plans to market 1 3M tons of LNG from Papua New Guinea plant
Exxon Mobil XOM 0 1 is marketing 1 3M metric tons year of mid term liquefied natural gas volumes from its 19B Papua New Guinea LNG plant reflecting overproduction and an increase in gas reserves a company executive tells Reuters The two train plant with an original nameplate capacity of 6 9M tons year produced...
XOM
Tillerson faces tough talks in Moscow amid increased tensions
By Lesley Wroughton and Yeganeh Torbati WASHINGTON Reuters U S Secretary of State Rex Tillerson s visit to Moscow this week will be an early test of whether the Trump administration can use any momentum generated by a missile attack on a Syrian air base to craft and execute a strategy to end the Syrian war Even b...
CSCO
Should You Dump Ericsson ERIC From Your Portfolio Now
A lot has been happening in the network infrastructure and 4G deployment field and Ericsson BS ERICAs NASDAQ ERIC has no doubt been quite in the thick of things Even so the company has been in a tough spot in recent times dragged by low investments in mobile broadband and weak demand The beleaguered infrast...
CSCO
Ericsson Swisscom Go Live With Telco Cloud Infrastructure
Ericsson BS ERICAs NASDAQ ERIC and telecommunications operator Swisscom recently went live with a full stack telco cloud infrastructure The Swisscom cloud based enterprise service has been deployed on Ericsson s Network Functions Virtualization infrastructure NFVi solution and went into commercial operation l...
XOM
TOTAL TOT Misses Q3 Earnings Estimates Revenues Beat
Integrated oil and gas company TOTAL S A TO TOT reported third quarter 2016 operating earnings of 84 cents per share 0 76 per share lagging the Zacks Consensus Estimate of 85 cents by a penny Moreover third quarter operating earnings plunged 28 from the year ago tally of 1 17 per share 1 06 per share ...
PCG
PG E strikes deal with creditors over restructuring
Reuters Bankrupt California power producer PG E Corp N PCG said on Wednesday it had reached a deal on its restructuring with creditors who were pushing for a rival plan PG E said its creditors led by Elliott Management and Pacific Investment Management Co would drop their reorganization plan and support PG E ...
PCG
PG E wins support from bondholder group for bankruptcy exit plan
PG E NYSE PCG says it settled its dispute with bondholders including Pimco and Elliott Management over its reorganization removing one of the last remaining roadblocks to an emergence from bankruptcy The group which holds the majority of PG E s unsecured notes is expected to withdraw its own alternative reorgani...
PCG
Is PG E Making Promises It Can Keep
In a statement issued late Wednesday PG E Corp NYSE PCG announced that it had reached an agreement with a bondholder group that had threatened to derail the utility s bankruptcy The so called Ad Hoc Noteholder Committee has agreed to withdraw its alternative plan for PG E s reorganization and to throw its support...
PCG
Why Shares of PG E Are Soaring Higher Today
What happened Shares of PG E NYSE PCG traded up more than 10 on Thursday following the bankrupt utility s announcement that it has settled a dispute with a group of powerful creditors The settlement clears a key hurdle in the company s effort to reorganize and should help ensure that equity holders get a payout as ...
VZ
Monday Lower
The Hoot Actionable ideas for the busy trader delivered daily right up front Monday lower ES pivot 2045 00 Holding above is bullish Rest of week bias uncertain technically Monthly outlook bias lower Single stock trader VZ looking lower Recap I wasn t quite sure about last Friday It did look to me like we ...
VZ
Tuesday Uncertain
The Hoot Actionable ideas for the busy trader delivered daily right up front Tuesday uncertain ES pivot 2044 67 Holding above is bullish Rest of week bias uncertain technically Monthly outlook bias lower Single stock trader VZ possible reversal Recap Well that was interesting All the major averages opene...
VZ
Wednesday Higher
The Hoot Actionable ideas for the busy trader delivered daily right up front Wednesday higher ES pivot 2032 67 Holding above is bullish Rest of week bias uncertain technically Monthly outlook bias lower Single stock trader VZ possible reversal soon Recap Wow I m glad I called Tuesday as uncertain because...
VZ
Thursday Lower
The Hoot Actionable ideas for the busy trader delivered daily right up front Thursday lower ES pivot 2009 75 Holding below is bearish Friday bias uncertain technically Monthly outlook bias lower Single stock trader VZ not yet a buy Recap Holy moly Things sure went south in a hurry on Wednesday I was conf...
VZ
Tuesday Uncertain
The Hoot Actionable ideas for the busy trader delivered daily right up front Tuesday uncertain ES pivot 2003 08 Holding above is bullish Rest of week bias uncertain technically Monthly outlook bias lower Single stock trader VZ in an uptrend Recap Well history came to the rescue on Monday as the first day o...
VZ
Wednesday Higher
The Hoot Actionable ideas for the busy trader delivered daily right up front Wednesday higher ES pivot 2031 00 Holding above is bullish Rest of week bias uncertain technically Monthly outlook bias lower Single stock trader VZ trade finished 1 3 points Recap Monday night I let myself get scared away from m...
VZ
Thursday Uncertain
The Hoot Actionable ideas for the busy trader delivered daily right up front Thursday uncertain ES pivot 2034 00 Holding below is bearish Rest of week bias uncertain technically Monthly outlook bias lower Single stock trader VZ topping Recap The roller coaster ride continued Wednesday as we were up 100 an...
VZ
Friday Uncertain
The Hoot Actionable ideas for the busy trader delivered daily right up front Friday uncertain ES pivot 2044 83 Holding below is bearish Next week bias uncertain technically Monthly outlook bias lower Single stock trader Verizon Communications NYSE VZ topping Recap Another night where time has caught up ...
XOM
State Department to approve Keystone pipeline permit on Friday sources
By Valerie Volcovici and Timothy Gardner WASHINGTON Reuters The U S State Department plans to approve on Friday the permit needed to proceed with construction of the Canada to United States Keystone XL oil pipeline a project blocked by former President Barack Obama according to two government sources familiar wi...
XOM
Tillerson to meet NATO on March 31 ending no show furor
By Robin Emmott and Lesley Wroughton BRUSSELS WASHINGTON Reuters U S Secretary of State Rex Tillerson will meet NATO foreign ministers at a rescheduled gathering on March 31 a senior State Department official said on Friday ending a furor over his earlier decision to skip the event Reuters exclusively reported ...
XOM
Texas judge kicks Exxon climate lawsuit to New York court
HOUSTON Reuters A federal judge in Texas on Wednesday kicked an Exxon Mobil Corp NYSE XOM lawsuit seeking to thwart two states from pursuing a fraud case over climate change to a Manhattan court saying his court wasn t the best place to resolve the dispute A group of state attorneys general led by New York s...
XOM
Russia s Rosneft hopes Iran rulings can help it beat EU sanctions
By Dmitry Zhdannikov and Vladimir Soldatkin LONDON MOSCOW Reuters Russian oil major Rosneft MM ROSN hopes to benefit from European court rulings that have allowed some Iranian banks to escape from European Union sanctions Russia s largest oil firm has been subject to sanctions since 2014 following Russia s ann...
CSCO
Ubiquiti UBNT Poised For Growth Amid Industry Challenges
Wireless equipment player Ubiquiti Networks Inc s NASDAQ UBNT shares have charted a steady upward trajectory in the recent times having appreciated 8 3 in the past year This is in stark contrast to its which has declined 6 1 on an average over the same time frame Broadly speaking Ubiquiti designs manufa...
XOM
ExxonMobil XOM Earnings Beat On Project StartUps In Q3
ExxonMobil Corp NYSE XOM posted better than expected third quarter 2016 earnings Project startups along with favorable volume and mix effects led to the outperformance This was offset partially by lower oil and gas realizations lower refining margins and an increased downtime in Nigeria The company reported ea...
PCG
FEMA official rips PG E s deal with California wildfire victims
The Federal Emergency Management Agency is defending its effort to collect 3 9B in claims from PG E PCG 2 9 for relief it provided after the utility s power lines sparked deadly wildfires in 2015 18 A top FEMA official yesterday criticized PG E and fire victims lawyers for negotiating a deal that could put the...
VZ
Wednesday Lower
The Hoot Actionable ideas for the busy trader delivered daily right up front Wednesday lower ES pivot 2022 92 Holding below is bearish Rest of week bias uncertain technically Monthly outlook bias higher Single stock trader sell VZ Recap It was looking really good for my conditional call on Tuesday as the ...
VZ
Thursday Higher
The Hoot Actionable ideas for the busy trader delivered daily right up front Thursday higher ES pivot 2002 75 Holding above is bullish Rest of week bias uncertain technically Monthly outlook bias higher Single stock trader waiting on new VZ entry Recap It was another wild day on Wall Street Wednesday as t...
VZ
Tuesday Higher
The Hoot Actionable ideas for the busy trader delivered daily right up front Tuesday higher ES pivot 2011 75 Holding above is bullish Rest of week bias uncertain technically Monthly outlook bias lower Single stock trader waiting on new VZ entry Recap Well after a three day weekend there s not much to reca...
VZ
Wednesday Higher
The Hoot Actionable ideas for the busy trader delivered daily right up front Wednesday higher ES pivot 2013 58 Holding above is bullish Rest of week bias uncertain technically Monthly outlook bias lower Single stock trader waiting on new VZ entry Recap I don t like Monday holiday weeks They throw me off f...
VZ
Thursday Going Higher
The Hoot Actionable ideas for the busy trader delivered daily right up front Thursday higher ES pivot 2021 50 Holding above is bullish Friday bias uncertain technically Monthly outlook bias lower Single stock trader waiting on new VZ entry Recap The market just continued treading water on Wednesday as ever...
VZ
S P 500 Weekly Earnings Update Core Growth On Track
At breakfast this morning while perusing John Butter s weekly Factset missive on S P 500 earnings John noted that the expected Q4 14 earnings growth rate for the key benchmark is now nearing the post 2009 low that we saw in Q3 12 of flat to 0 1 year over year growth Per Thomson Reuters This Week in Earnings as ...
XOM
Trump s proposal to scrap Chemical Safety Board draws criticism
By Gary McWilliams Reuters President Donald Trump s proposal to do away with the federal agency that investigates chemical accidents drew sharp criticism from environmental labor and safety advocates who said that eliminating the watchdog would put American lives at risk Christine Todd Whitman the former U S E...
XOM
Tillerson avoids public conflict with Trump over budget
By Arshad Mohammed and John Walcott WASHINGTON Reuters While he has swallowed a big budget cut and had the White House veto his chosen deputy Secretary of State Rex Tillerson is avoiding a public conflict with U S President Donald Trump over his department s budget six current and former U S officials said on T...
XOM
Smoothly but warily U S and China stick to script in Tillerson visit
By Yeganeh Torbati and Ben Blanchard BEIJING Reuters Despite a long list of potential pitfalls U S Secretary of State Rex Tillerson s visit to China the first by a senior member of the Trump administration passed off relatively smoothly although there were no tangible gains to show On the positive side there ...
XOM
Saudi king s Asia tour trumpets Aramco s moves downstream
By Henning Gloystein SINGAPORE Reuters Saudi King Salman s lavish tour of Asia arriving in each country on a golden escalator with 400 tonnes of luggage had a hardnosed marketing mission to cement the kingdom s place as leading oil supplier to the world s biggest consumer region The string of deals inked on hi...
XOM
Republican green groups seek to temper Trump on climate change
By Emily Flitter NEW YORK Reuters President Donald Trump s outspoken doubts about climate change and his administration s efforts to roll back regulation to combat it have stirred a sleepy faction in U S politics the Republican environmental movement The various groups represent conservatives Catholics and the...
XOM
Exclusive Tillerson plans to skip NATO meeting visit Russia in April sources
By Arshad Mohammed and John Walcott WASHINGTON Reuters U S Secretary of State Rex Tillerson plans to skip a meeting with NATO foreign ministers next month in order to stay home for a visit by China s president and will go to Russia later in April U S officials said on Monday disclosing an itinerary that allies ...
XOM
U S reverses course and offers new dates for NATO talks
By Arshad Mohammed and Robin Emmott WASHINGTON BRUSSELS Reuters U S Secretary of State Rex Tillerson proposed new dates on Tuesday for a NATO meeting the State Department said after he initially decided to skip the talks and rebuffed the alliance s efforts to reschedule them Tillerson s decision to miss his fir...
XOM
U S sticks to global transparency initiative after Congress repeal
By Valerie Volcovici and Nerijus Adomaitis WASHINGTON OSLO Reuters The United States remains committed to the principles and goals of the global transparency initiative to fight corruption in managing revenues from oil gas and mineral extraction it said on Wednesday There were doubts about U S participation i...
XOM
Exxon must confer with New York AG on Tillerson emails judge
By Karen Freifeld NEW YORK Reuters A New York state judge on Wednesday ordered ExxonMobil NYSE XOM Corp to work with New York s attorney general to recover lost emails from an account once used by U S Secretary of State Rex Tillerson when he was the oil company s chief executive Justice Barry Ostrager of the St...
XOM
Eni Announces Dispatch Of First Crude Cargo From Kashagan
Eni SpA TO E recently announced that the first batch of export crude oil has been dispatched from the onshore processing plant of the massive Kashagan oil field The field was re opened a little while back upon successful replacement of pipelines Production is now estimated to increase up to a first level of 180 0...
PCG
PG E Plunges as It Races to Meet Governor Bankruptcy Demand
Bloomberg Pacific Gas Electric Co NYSE PCG shares plummeted after California Governor Gavin Newsom rejected its bankruptcy restructuring plan forcing the company to make sweeping changes to meet his demands The state s largest power company has until Tuesday to address conditions that Newsom laid out in a le...
PCG
PG E submits multi party proposal for California wildfires
Reuters PG E Corp N PCG said on Tuesday it submitted a multi party settlement agreement related to the 2017 and 2018 wildfires in Northern California to the California Public Utilities Commission CPUC The proposal prohibits the energy utility from seeking 1 625 billion in wildfire related costs from customer...
PCG
PG E Newsom Clash Over a Clause That May Allow State Takeover
Bloomberg A clause that would allow California to take over bankrupt utility giant PG E Corp NYSE PCG under certain circumstances has emerged as a big sticking point in negotiations between the company and Governor Gavin Newsom Newsom wants the power company to include a provision in its reorganization proposa...
PCG
PG E creditors offer California wildfire victims 13 5 billion in cash upfront
By Kanishka Singh Reuters PG E Corp s N PCG creditors have sweetened their offer to California wildfire victims saying they are now prepared to pay 13 5 billion in cash upfront according to a letter sent on Friday to state governor Gavin Newsom Current terms of the settlement deal approved by a U S bankrupt...
PCG
Why Shares of PG E Lost More Than Half Their Value in 2019
What happened Shares of PG E NYSE PCG lost 54 2 of their value in 2019 according to data provided by S P Global Market Intelligence vastly underperforming the S P 500 Considering that the California based utility filed for bankruptcy early in the year investors are fortunate the stock didn t fall further PCG v...
VZ
Telecom Stocks Down On Fears Of Lower Q4 Earnings
Telecom stocks took a beating yesterday after leading wireless carriers AT T Inc NYSE T and Verizon Communications Inc hinted at expectations of lower profits in the ensuing fourth quarter owing to intense competition Yesterday AT T s chief financial officer expressed fears of facing considerably wider fourth ...
VZ
Tuesday Lower
The Hoot Actionable ideas for the busy trader delivered daily right up front Tuesday lower ES pivot 2024 58 Holding below is bearish Rest of week bias uncertain technically Monthly outlook bias higher ES Fantasy Trader closed Recap It s always nice to have my first call of the year be correct and while I w...
VZ
Wednesday Depends On ES Pivot
The Hoot Actionable ideas for the busy trader delivered daily right up front Wednesday higher only if ES breaks above its pivot else lower ES pivot 2000 75 Holding below is bearish Rest of week bias uncertain technically Monthly outlook bias higher ES Fantasy Trader closed Recap Yep I figured as much Th...
VZ
Tuesday Depends On ES Pivot
The Hoot Actionable ideas for the busy trader delivered daily right up front Tuesday higher only if ES passes its pivot else lower ES pivot 2028 67 Holding below is bearish Rest of week bias uncertain technically Monthly outlook bias higher ES Fantasy Trader closed Recap Sometimes being nervous is a good...
XOM
Tillerson used email alias at Exxon to talk climate New York attorney general
By Karen Freifeld NEW YORK Reuters U S Secretary of State Rex Tillerson the former chairman and chief executive of Exxon Mobil Corp used an alias email address while at the oil company to send and receive information related to climate change and other matters according to New York Attorney General Eric Schne...
XOM
Wall St lower ahead of Fed decision as oil sinks
U S stocks were lower Tuesday ahead of an expected rate hike by the Fed The DJI was off 0 15 at 11 30 ET The S P 500 fell 0 42 The tech heavy Nasdaq composite lost 0 42 The odds of a rate hike at Wednesday s FOMC meeting currently stand at 93 Energy stocks led the market lower as oil slumped after Saudi Arabia hik...
XOM
Tillerson s email alias was prompted by business needs Exxon says
By Ernest Scheyder HOUSTON Reuters U S Secretary of State Rex Tillerson while chief executive of Exxon Mobil Corp N XOM used an alias for emails with employees and board members because his primary account was jammed with too many messages the oil company said on Tuesday New York Attorney General Eric Schn...
XOM
Tillerson to press China on North Korea in tough first Asia trip
By David Brunnstrom and Yeganeh Torbati WASHINGTON Reuters U S Secretary of State Rex Tillerson faces a tough first trip to Asia this week when the former oil executive will seek to reassure nervous allies facing North Korea s growing nuclear and missile threat and press China to do more on perhaps the most seriou...
XOM
Despite budget cuts Tillerson works to win long term influence
By Arshad Mohammed and John Walcott WASHINGTON Reuters While he has swallowed a big budget cut had his chosen deputy vetoed and been dismissed as invisible in his own building Secretary of State Rex Tillerson is playing a patient game to gain influence by avoiding public conflicts with the White House six curre...
XOM
Tillerson s use of email alias at Exxon entirely proper Exxon attorneys
Reuters U S Secretary of State Rex Tillerson s use of an alias email address while he was chief executive at Exxon Mobil Corp NYSE XOM was entirely proper attorneys representing the company said in a letter to a New York court on Thursday New York Attorney General Eric Schneiderman who is investigating wh...
XOM
ExxonMobil XOM Enters Into A Multi Year Agreement With NBA
Oil giant ExxonMobil Corporation NYSE XOM recently announced that it has inked a multi year agreement with the National Basketball Association NBA According to this deal NBA will be ExxonMobil s official marketing partner in the United States and China The partnership will be marketing ExxonMobil s Mobil 1 mo...
PCG
PG E says its distribution lines caused no deadly fires in 2019
By Tom Hals Reuters California utility PG E Corp N PCG has determined there were no lives or structures lost in 2019 wildfires that may have been caused by its distribution lines according to a Friday court filing The company also said it found 218 instances of damage from wind or falling vegetation that could ...
PCG
PG E failed to inspect transmission lines that caused deadly 2018 wildfire state probe
By Kanishka Singh Reuters Bankrupt California power producer PG E Corp N PCG did not properly inspect and replace transmission lines before a faulty wire sparked a wildfire that killed more than 80 people in 2018 a probe by a state regulator has concluded The Caribou Palermo transmission line was identified as...
PCG
PG E Could Have Prevented Deadly California Fire State Says
Bloomberg Bankrupt utility giant PG E Corp NYSE PCG for years failed to properly inspect and maintain its transmission system an oversight that led a live wire to fall and ignite the deadliest blaze in California history last year state investigators said A PG E crew hadn t climbed and inspected the tower ...
PCG
PG E nearing 13 5 billion deal with wildfire victims BBG
Reuters Bankrupt California power producer PG E Corp N PCG is close to finalizing terms for a 13 5 billion payout to victims of wildfires ignited by its power lines Bloomberg reported on Wednesday citing people familiar with the matter Shares of the company rose about 13 to 9 62 The payment will be made ha...
PCG
California power producer PG E files amended reorganization plan
By Kanishka Singh Reuters California power producer PG E Corp N PCG said late on Thursday that it has filed for an amended reorganization plan adding that it remains on track to getting the plan confirmed before a June 2020 deadline to exit bankruptcy The development comes less than a week after the company sa...
PCG
California governor rejects PG E bankruptcy reorganization plan
By Tom Hals and Steve Gorman Reuters California Governor Gavin Newsom on Friday rejected a bankruptcy reorganization plan submitted by PG E Corp N PCG the state s largest investor owned utility saying its proposal fails to meet the requirements of a recently enacted wildfire law The decision by Newsom sent to...
VZ
Verizon Shares Fall As Competition Grows
Verizon NYSE VZ shares significantly dropped in trading on Tuesday after the company revealed strong customer growth and the roll out of 4G devices but at the cost of a highly competitive and promotion filled fourth quarter As a result the high number of consumers taking advantage of its deals may add pressure t...
XOM
Russia s Putin to meet ExxonMobil President Kremlin spokesman
MOSCOW Reuters Russia s President Vladimir Putin was scheduled to meet president of oil major ExxonMobil N XOM Darren Woods on Thursday Kremlin spokesman Dmitry Peskov said The meeting was set to take place at the end of the day in Moscow Peskov told reporters on a conference call without giving further detai...
XOM
U S State Department rethinks plan not to take media on Asia trip
WASHINGTON Reuters The U S State Department held out the possibility on Thursday that Secretary of State Rex Tillerson might take reporters with him to Asia after it initially broke with decades of tradition by telling the media he would not We are still working out the logistics for this trip so we cannot ye...
XOM
Tillerson has recused himself from Keystone pipeline issues State Dept
WASHINGTON Reuters U S Secretary of State Rex Tillerson has recused himself from issues related to TransCanada Corp s application for a permit for the Keystone XL pipeline the State Department said in a letter on Thursday to the environmental group Greenpeace He has not worked on that matter at the Department o...
XOM
Order for Venezuela to pay Exxon 1 4 billion in damages overturned lawyer
By Alexandra Ulmer CARACAS Reuters A World Bank tribunal s order for Venezuela to pay 1 4 billion in damages to Exxon Mobil Corp NYSE XOM over nationalizations has been annulled a lawyer for the Venezuelan government said on Thursday The case at the World Bank s International Centre for Settlement of Investm...
XOM
Kremlin says President Putin met new Exxon CEO
MOSCOW Reuters Kremlin spokesman Dmitry Peskov told reporters on Friday that President Vladimir Putin had met new Exxon Mobil NYSE XOM chief executive officer Darren Woods on Thursday Russia s energy minister Alexander Novak and Rosneft head Igor Sechin attended the meeting according to the spokesman This...
CSCO
ETFs In Focus Post Cisco Results
After the closing bell on Wednesday one of the tech primes Cisco Systems NASDAQ CSCO reported fiscal fourth quarter results While the networking giant met our estimates on both earnings and revenues it once again disappointed investors with a bleak revenue guidance Earnings of 55 cents per share came in line w...
XOM
Royal Dutch Shell RDS A Downgraded Get Out While You Can
On Sep 28 Zacks Investment Research downgraded Royal Dutch Shell LON RDSa plc Europe s largest energy producer to a Zacks Rank 5 Strong Sell placing it in the bottom 5 of all stocks that Zacks ranks Why the Downgrade The commodity price rout has brutalized Shell s revenues and earnings What s more the ou...
PCG
California utility PG E s stock tumbles as wildfire spreads
By Noel Randewich SAN FRANCISCO Reuters Shares of bankrupt California power utility PG E Corp N PCG extended losses on Monday as investors worried that its equipment might be responsible for wildfires spreading in northern California After a brief trading halt caused by its rapid fall PG E s stock was down 16 ...
PCG
California regulator to investigate utilities mass fire prevention power outages
By Steve Gorman Reuters California regulators said on Monday they will open a formal probe of whether utilities violated any rules by cutting power to millions of residents for days as a precaution during recent periods of high winds and heightened wildfire risks The investigation was urged by safety and enforceme...
PCG
Stronger winds whip California fires as power cut and homes evacuated
LOS ANGELES Reuters Wind driven wildfires burned largely uncontrolled in tinder dry California early on Tuesday as firefighters battled blazes threatening thousands of homes in a race against time with even stronger gusts expected later Thousands of residents have already fled and hundreds of thousands of others ...
PCG
California fire threatens PG E s plan to raise 14 billion
By Jim Christie SAN FRANCISCO Reuters A wildfire raging in California threatens to destroy more than homes and businesses it could also undermine bankrupt PG E Corp s N PCG plan to raise 14 billion to finance the crisis stricken utility s turnaround plan If the fire becomes large enough investors could walk ...
PCG
PG E to offer 13 5 billion in compensation to wildfire victims Bloomberg
Reuters Bankrupt California power producer PG E Corp is offering 13 5 billion in compensation to wildfire victims as part of a restructuring plan Bloomberg reported on Monday citing people with knowledge of the situation The same amount has been offered to the victims by a rival group of noteholders led by Paci...
XOM
Exxon to invest 20 billion on U S Gulf Coast refining projects
By Ernest Scheyder HOUSTON Reuters Exxon Mobil Corp N XOM the world s largest publicly traded oil producer said on Monday it would invest 20 billion through 2022 to expand its chemical and oil refining plants on the U S Gulf Coast The investments at 11 sites should create 35 000 temporary construction jobs...
CSCO
Cisco CSCO Stock Dips On Revenue Decline
Cisco Systems Inc NASDAQ CSCO just released its fourth quarter and full fiscal year 2017 financial results posting earnings of 0 55 per share and revenues of 12 13 billion Currently Cisco is a Zacks Rank 3 Hold and is down 2 60 to 31 50 per share in after hours trading shortly after its earnings report...
XOM
The Zacks Analyst Blog Highlights Rice Energy Schlumberger Exxon Mobil TransCanada And Petrobras
For Immediate Release Chicago IL September 28 2016 Zacks com announces the list of stocks featured in the Analyst Blog Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets Stocks recently featured in the blog include Rice Energy Inc NYSE ...
XOM
Crude Oil Spikes 4 8 On OPEC Agreement To Cut Oil Output
On Wednesday crude oil futures saw a nice boost spiking 4 88 to 46 85 per barrel in late afternoon trading after it was announced that OPEC had reached an agreement to cut its oil output for the first time since 2008 Today s crude oil bump however is still well below the highs seen back in 2014 where oil was go...
XOM
The Zacks Analyst Blog Highlights Exxon Mobil Royal Dutch Shell BP And VelocityShares 3x Long Crude Oil
For Immediate Release Chicago IL September 29 2016 Zacks com announces the list of stocks featured in the Analyst Blog Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets Stocks recently featured in the blog include Exxon Mobil Corp NYSE ...
PCG
PG E says more potential power cuts could hit about 209 000 customers
Reuters PG E Corp N PCG said on Monday about 209 000 customers could be hit by potential power cutoffs this week less than two weeks after its most recent unprecedented shut offs hit more than 730 000 homes and workplaces in northern California The bankrupt Californian power producer said the latest cuts were i...
VZ
Connecting Africa To The World
Africa is the most promising investment destination of the next 20 years And it won t be foreign development aid or Western generosity that makes the continent boom but rather the doggedness and ingenuity of its own people As an investor you want to be part of this by owning shares of some of Africa s world class ...
VZ
Africa Is The New China
Africa is the most promising investment destination of the next 20 years And it won t be foreign development aid or Western generosity that makes the continent boom but rather the doggedness and ingenuity of its own people As an investor you want to be part of this megatrend by owning shares of some of Africa s wor...
XOM
CEO Tillerson faces internal skeptics crisis battling White House
By Lesley Wroughton and Yeganeh Torbati WASHINGTON Reuters One of Rex Tillerson s first directives as U S secretary of state was an order to senior staff that his briefing materials not exceed two pages It was a reflection of Tillerson s management style honed at the helm of Exxon Mobil NYSE XOM an oil compa...
XOM
Exclusive Algeria s Sonatrach in talks to begin offshore drilling source
By Lamine Chikhi ALGIERS Reuters Algeria s Sonatrach wants to start offshore oil drilling and has begun discussions with U S operators Exxon Mobil Corp N XOM and Anadarko N APC as well as Italy s Eni MI ENI a source at the state energy company told Reuters on Sunday The North African OPEC member nation ...
XOM
Exclusive Iraq s Kurdistan negotiates new terms raises oil pre payments to 3 billion
By Dmitry Zhdannikov LONDON Reuters Iraq s Kurdistan has increased the loans guaranteed by future oil sales to 3 billion in new deals with trading houses and Russian state oil firm Rosneft aimed at strengthening its fiscal position as the semi autonomous region fights Islamic State Kurdistan s natural sources min...
CSCO
Cisco Wins Temporary Victory Arista Products Faces ITC Ban
Cisco Systems Inc NASDAQ CSCO won a temporary victory in a long running patent infringement case at International Trade Commission ITC against its close rival Arista Networks NYSE ANET Notably Cisco filed the complaint 945 investigation with ITC in late 2014 alleging Arista of infringing six patents On...
CSCO
The Internet Of Things Showdown Cisco Vs Sierra Wireless
As technology advances we are becoming more and more interested in the idea of home automation We feel that it would be great to have the lights turn on at a certain time or even have the blinds automatically go up in the morning This is called the internet of things and we are only on the tip of the iceberg Every ...